The Latin America, Middle East and Africa Connected Health And Wellness Solutions Market would witness market growth of 22.7% CAGR during the forecast period (2021-2027).
Users can break free from old personal health patterns and adopt productive behavioral systems with cutting-edge behavioral treatments that leverage AI platforms as well as other digital tools to teach and support them throughout their mental health journey. Similar wellness market innovations are occurring throughout the medical system, with proactive, preventive, and personalized approaches for treatment and care progressively combining advanced diagnostic testing along with holistic lifestyle evaluations to help avoid chronic disease and provide personalized guidance and health benefits.
The industry's transition toward affordable, value-based care can spur more sophisticated data analytics and the blending of consumer-generated data and more traditional types of HIPAA-protected health data. Insights from the overlapping set of data can drive more holistic solutions, real-time feedback, personalization, risk identification, and predictive capabilities, among other things. These can be leveraged to enhance the patient's experience, the ongoing interaction between the patient and their caregivers, and cross-entity collaboration in the advanced healthcare ecosystem.
The UAE has a robust healthcare infrastructure as one of the most developed and diversified economies in the Middle East. The UAE government has made a world-class healthcare infrastructure a primary priority, and as a result, the industry has grown and expanded tremendously in recent years. The UAE's healthcare sector has grown in order to meet the evolving requirements of the country's population as well as the country's desire to become a regional medical tourism destination. The UAE has complemented its vision to invest in healthcare as a result of the COVID-19 pandemic. According to the World Health Organization, one-third of adults across the UAE are obese, while one out of every five persons has diabetes. As the prevalence of lifestyle diseases rises, these populations, whose incomes are relatively high, continue to seek higher-quality healthcare. To meet this demand, the government has concentrated on building healthcare infrastructure.
The Brazil market dominated the LAMEA Connected Health And Wellness Solutions Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,850.1 million by 2027. The Argentina market is poised to grow at a CAGR of 23.3% during (2021 - 2027). Additionally, The UAE market would witness a CAGR of 22.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Connected Health and Wellness Solutions Market is Predict to reach $104.8 Billion by 2027, at a CAGR of 19.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Döhler 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.
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