GLOBAL CONVERGENCE IN HEALTHCARE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

The convergence of healthcare is driving revolutionary changes in the way how healthcare is delivered. Traditionally, healthcare has operated through fragmented verticals like hospitals, pharmacies, insurance providers, and medical device manufacturers. However, newer technologies enable a more integrated approach by bringing together disparate parts of the healthcare ecosystem. This convergence of telemedicine with remote patient monitoring, connected medical devices, digitization of health records, and integration with artificial intelligence is helping shift the focus from sick care to preventive care. The ability to collect comprehensive real-time data on patients remotely and analyze them through advanced analytics is helping providers deliver more proactive, personalized, and affordable care.

 Market Dynamics:

The convergence in healthcare market is driven by the need for more affordable and accessible healthcare. Rising healthcare costs, growing geriatric population with complex conditions, and shortage of physicians is straining traditional systems. Technologies like telehealth, connected devices, digital health records facilitate remote monitoring and management of chronic conditions limiting expensive hospital visits and helping move care to the home. The market faces challenges around data privacy and security concerns from sharing sensitive health information digitally. Integration of disparate healthcare information technology (IT) systems also remains difficult. However, opportunities lie in leveraging technologies like 5G, artificial intelligence (AI) and internet-of-things (IoT) to develop innovative care models and deliver cost-efficient virtual care. Payment and regulatory policies supporting telehealth and digital health adoption will also boost the market.

Key features of the study:

• This report provides in-depth analysis of the global convergence in healthcare market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global convergence in healthcare market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Epic Systems Corporation, Cerner Corporation, Optum, Inc., Agfa HealthCare, GE Healthcare, Stryker, Boston Scientific Corporation, Abbott, Baxter, Siemens Healthineers AG, FUJIFILM Holdings, Koninklijke Philips N.V., Honeywell International Inc., PreXion, Inc., CALCiViS, Veradigm, and Biotelemetry
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global convergence in healthcare market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global convergence in healthcare market

Detailed Segmentation:

• Global Convergence in Healthcare Market, By Product Type
  • Diagnostic Imaging Systems
  • Monitoring Devices
  • Digital Therapeutics
  • Others (Surgical Systems, Dental Systems, etc.)
• Global Convergence in Healthcare Market, By Application
  • Cardiology
  • Oncology
  • Neurology
  • Orthopedics
  • Others (Urology, etc.)
• Global Convergence in Healthcare Market, By End User
  • Hospitals & Clinics
  • Diagnostic Centers
  • Home Care Settings
  • Others (Academic & Research Institutes, etc.)
• Global Convergence in Healthcare Market, By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa
• Top Companies in the Global Convergence In Healthcare Market:
  • Epic Systems Corporation
  • Cerner Corporation
  • Optum, Inc.
  • Agfa HealthCare
  • GE Healthcare
  • Stryker
  • Boston Scientific Corporation
  • Abbott
  • Baxter
  • Siemens Healthineers AG
  • FUJIFILM Holdings
  • Koninklijke Philips N.V.
  • Honeywell International Inc.
  • PreXion, Inc.
  • CALCiViS
  • Veradigm
  • Biotelemetry