The COVID-19 pandemic and its resulting pressure on the medical industry have led to many changes across the regulatory and reimbursement space, accelerating innovative technology deployments and demand among consumers and medical practitioners. This report investigates the new state of the connected health market, including telehealth solutions, remote patient monitoring, and consumer connected health products. The report identifies top business opportunities for health applications in the connected home landscape and includes a five-year forecast of connected health devices sold direct-to-consumer.
Bottom Line
Changing Environment for Connected Health
Consumer Use and Perception of Telehealth and RPM
Physician Adoption and Willingness to Participate in Virtual Care
Regulation and Reimbursements
Changing Businesses: Trends in Telehealth and RPM
Telehealth and Remote Consultation Market Trends
Emergence of Virtual-First Primary Care and Focus on Integrative Care
Remote Patient Monitoring and Connected Health Devices
Home Care & Hospital at Home
Changing Market Trends in the Post-Pandemic World
Macro-Economic Impact and Slowing Demand
Data Privacy and Security: GDPR & Similar Rulings
Solution Fragmentation a Growing Challenge for Providers
Market Sizing and Forecast
Forecast Assumptions
Conclusions and Top Trends to Watch
Appendix
Citations
Attribution
Telehealth Service Usage Among US Internet HHs, 2019 to 2022
Top Telehealth Service Channels
Drivers and Barriers to Telehealth Adoption
Telehealth Service Modalities
Average Number of Connected Health Devices Owned Per Internet Household
Consumer-Reported RPM Participation in Past 12 Months
US Investments in Digital Health
Connected Health Device Forecast
© November 2022 Parks Associates
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Printed in the United States of America.
Disclaimer
Parks Associates has made every reasonable effort to ensure that all information in this report is correct. We assume no responsibility for any inadvertent errors.
