The Europe Connected Health And Wellness Solutions Market is expected to witness market growth of 19.0% CAGR during the forecast period (2021 2027).
Holistic input from connected health and wellness gadgets reduces barriers to growth and helps consumers lay out their goals, from physical fitness to mental health. Connected wellness devices that track health progress encourages users to stay engaged, make gamified motivation, which incorporates elements of fun and reward-based stimulation in personal goal setting, easier. New AI-powered fitness training tools along with smart platforms allow users to track their activities in real-time, improve their posture and technique, and create custom routines for daily activities.
Wearable devices can interpret indicators like body temperature, tone of voice, and heart rate into emotional markers to assist users to remain at the best state of their personal wellness targets as they move further monitoring physiological metrics to add psychological and mood assessments. Smart sensors and AI-based connected health devices are being used in emerging ambient health technologies to monitor sleep patterns, physical activity, heart rhythms, and a wide range of daily behavior, providing personalized, actionable personal health data in both clinical and at-home settings.
Because of the substantial increase in the usage of smartphones by patients as well as physicians, this region ranked second in the connected health and wellness solutions market. Additionally, the rise in remote monitoring services, which allow people to track their health and medical issues at any time from any location, is propelling the demand for connected health and wellness solutions. Germany's healthcare market is the largest across this region in terms of market volume, medical technology manufacturers, number of patients, and healthcare providers. Germany's total healthcare expenditures in 2019 were about €400 billion, Moreover, Over the past ten years, the market has increased at a rate of 4.1 percent. Healthcare is one of Germany's greatest economic sectors, with over 7.5 million jobs and exports of over €126 billion.
The Germany market dominated the Europe Connected Health And Wellness Solutions Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $6,781.8 million by 2027. The UK market is estimated to grow at a CAGR of 18% during (2021 - 2027). Additionally, The France market is expected to witness a CAGR of 19.9% during (2021 - 2027).
Based on Product, the market is segmented into Personal Medical Devices, Wellness Products, and Software & Services. Based on Personal Medical Devices Type, the market is segmented into Insulin Pumps, BP Monitor, Glucose Monitor, Personal Pulse Oximeter, and Others. Based on Wellness Products Type, the market is segmented into Digital Pedometer, Heart Rate Monitor, Body Analyzer, Sleep Quality Monitor, and Others. Based on Software & Services Type, the market is segmented into Fitness & Wellness App, Online Subscription, and Others. Based on function, the market is segmented into Telehealth and Clinical Monitoring. Based on End User, the market is segmented into Hospitals & Clinics and Home Monitoring. Based on Application, the market is segmented into Wellness & Prevention, Monitor, Diagnosis & Treatment, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dohler Gmbh, Koninklijke DSM N.V., Handary S.A., Kemin Industries, Inc., Foodchem International Corporation, Nexira, Inc., Amway Corporation, The Green Labs LLC, Givaudan S.A., and Symrise AG.
Holistic input from connected health and wellness gadgets reduces barriers to growth and helps consumers lay out their goals, from physical fitness to mental health. Connected wellness devices that track health progress encourages users to stay engaged, make gamified motivation, which incorporates elements of fun and reward-based stimulation in personal goal setting, easier. New AI-powered fitness training tools along with smart platforms allow users to track their activities in real-time, improve their posture and technique, and create custom routines for daily activities.
Wearable devices can interpret indicators like body temperature, tone of voice, and heart rate into emotional markers to assist users to remain at the best state of their personal wellness targets as they move further monitoring physiological metrics to add psychological and mood assessments. Smart sensors and AI-based connected health devices are being used in emerging ambient health technologies to monitor sleep patterns, physical activity, heart rhythms, and a wide range of daily behavior, providing personalized, actionable personal health data in both clinical and at-home settings.
Because of the substantial increase in the usage of smartphones by patients as well as physicians, this region ranked second in the connected health and wellness solutions market. Additionally, the rise in remote monitoring services, which allow people to track their health and medical issues at any time from any location, is propelling the demand for connected health and wellness solutions. Germany's healthcare market is the largest across this region in terms of market volume, medical technology manufacturers, number of patients, and healthcare providers. Germany's total healthcare expenditures in 2019 were about €400 billion, Moreover, Over the past ten years, the market has increased at a rate of 4.1 percent. Healthcare is one of Germany's greatest economic sectors, with over 7.5 million jobs and exports of over €126 billion.
The Germany market dominated the Europe Connected Health And Wellness Solutions Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $6,781.8 million by 2027. The UK market is estimated to grow at a CAGR of 18% during (2021 - 2027). Additionally, The France market is expected to witness a CAGR of 19.9% during (2021 - 2027).
Based on Product, the market is segmented into Personal Medical Devices, Wellness Products, and Software & Services. Based on Personal Medical Devices Type, the market is segmented into Insulin Pumps, BP Monitor, Glucose Monitor, Personal Pulse Oximeter, and Others. Based on Wellness Products Type, the market is segmented into Digital Pedometer, Heart Rate Monitor, Body Analyzer, Sleep Quality Monitor, and Others. Based on Software & Services Type, the market is segmented into Fitness & Wellness App, Online Subscription, and Others. Based on function, the market is segmented into Telehealth and Clinical Monitoring. Based on End User, the market is segmented into Hospitals & Clinics and Home Monitoring. Based on Application, the market is segmented into Wellness & Prevention, Monitor, Diagnosis & Treatment, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dohler Gmbh, Koninklijke DSM N.V., Handary S.A., Kemin Industries, Inc., Foodchem International Corporation, Nexira, Inc., Amway Corporation, The Green Labs LLC, Givaudan S.A., and Symrise AG.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Personal Medical Devices
- Insulin Pumps
- BP Monitor
- Glucose Monitor
- Personal Pulse Oximeter
- Others
- Wellness Products
- Digital Pedometer
- Heart Rate Monitor
- Body Analyzer
- Sleep Quality Monitor
- Others
- Software & Services
- Fitness & Wellness App
- Online Subscription
- Others
By Function
- Telehealth
- Clinical Monitoring
By End User
- Hospitals & Clinics
- Home Monitoring
By Application
- Wellness & Prevention
- Monitor
- Diagnosis & Treatment
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Abbott Laboratories
- Apple, Inc.
- Garmin Ltd.
- Boston Scientific Corporation
- General Electric (GE) Co.
- Dragerwerk AG & Co. KGaA
- Medtronic PLC
- Koninklijke Philips N.V.
- Omron Corporation
- Google LLC
Unique Offerings from the publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Europe Connected Health And Wellness Solutions Market by Product
Chapter 5. Europe Connected Health And Wellness Solutions Market by Function
Chapter 6. Europe Connected Health And Wellness Solutions Market by End User
Chapter 7. Europe Connected Health And Wellness Solutions Market by Application
Chapter 8. Europe Connected Health And Wellness Solutions Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Abbott Laboratories
- Apple, Inc.
- Garmin Ltd.
- Boston Scientific Corporation
- General Electric (GE) Co.
- Dragerwerk AG & Co. KGaA
- Medtronic PLC
- Koninklijke Philips N.V.
- Omron Corporation
- Google LLC
Methodology
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