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According to a release, the report defines the connected health and wellness market, lays out key market growth drivers and challenges, and highlights important technology trends and regulatory issues. CEA's new study also profiles leading players in 15 health and wellness markets and presents the major factors that are likely to affect the short and long-term success of connected health devices.
"The current sea change in healthcare is resulting in far more consumer-centric products and services," said CEA president and CEO
More than 40 million personal health and wellness products are expected to sell in 2013, a figure that will rise to more than 70 million by 2018. Product sales and software and service revenues will see the largest growth, generating more than
The report found 29 percent of mobile phone users with health problems would try an easy-to-use device to track their condition and progress towards their goals. Additionally, 27 percent of mobile phone users would like a personalized plan to help guide them through their journey to better health.
"Current healthcare reform is driving demand for innovative products and services that people can manage themselves," said Shapiro. "Consumer electronics companies are paying close attention to the rise of a young, dynamic market for connected health and wellness devices. As a result, these products allow healthcare providers to engage with their patients more effectively and help consumers better self-manage their own care needs."
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