According to the latest research by Future Market Insights, Connected healthcare market is set to experience 15.6% growth during the year 2021-2031. Due to need for effective communication.
What is driving Demand for Connected healthcare market?
Growth in the incidence rate of injuries in all age groups is one of the major factors driving the growth of connected healthcare market. Various activities such as trekking and adventure sports further results in abrasion, minor injuries, multiple cuts and wounds on different body parts. In such cases, elastic bandages are use while the treatment procedure takes place.
Moreover, rising count of road accidents has increased significantly worldwide. These accidents can be considered as fatal or non-fatal injury, some of these non-fatal injuries require speedy application of bandages in order to stop any further damage
For instance, according to Stanford children’s health approx. number of around 3.5 million children’s of around 14 years and below get injured while playing sports or doing any adventurous activity
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Elastic Bandages used for upper limbs and lowers is likely to augment connected healthcare market.
For lower limbs, the elastic bandages are used for the treatment of hairline fracture, joint dislocation, cure factures, ankle sprains, orthopaedic procedures, varicose veins, deep cuts, accidental amputations, thigh cramps and muscle pulls. Bandages for lower limbs are majorly used by the athletes and its sales in the market is quite significant during sports season such as Olympics, national games and international games.
For the purpose of upper limbs, bandages are used widely for the treatment of hairline fractures, joint dislocation, acute injuries and swelling, it further offers support to injured soft tissues. They are widely used in cases of elbow figure eight, hand wrist figure eight along with compression dressings.
U.S. and Canada Connected healthcare market Outlook
U.S. and Canada are expected to have the highest share and therefore will dominate the connected healthcare market. This is due to the increasing orthopaedic injuries, upward trend growth rate in the surgeries and prevalence of chronic wounds are further resulting in the growing usage of elastic bandages along with medical tapes in this region.
Europe Demand Outlook for Veterinary Home Diagnostics
The European market for veterinary home diagnostics is estimated to grow at a considerable rate during the forecast period. This surge in growth is due rising geriatric population with venous diseases in this region. Th growing prevalence of deep vein thrombosis, lymphedema and chronic leg ulcers has further significantly increased the use of elastic bands in this region
Moreover, the presence of various key players in this region along with easy availability of elastic bandages is contributing positively towards the market growth. Furthermore, rising awareness of compression therapy, along with the increasing usages of elastic bandages and expansion of various key players in this region uplifts the market growth of elastic bandages in this region.
Who are the Key Manufacturers and Suppliers of Veterinary Home Diagnostics?
Some of the key players operating in the Connected healthcare market are
- 3M
- CardinalHealth
- Avcor Health Care
- Tetra Medical Supply Corp
- Patterson Medical
- DJO Global
- Paul Hartmann
- Medtronic
- Kerma Medical Products
- DeRoyal Industries
Manufacturers in the market focus on carrying out certain strategic activities such as acquisitions and merger, expansion, product launch, etc.
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