Global Connected Healthcare Market Report

Global Connected Healthcare Market Report By Type (mHealth Services, mHealth Devices, e-Prescription), By Function (Remote Patient Monitoring, Clinical Monitoring, Telemedicine, Others), By Application (Diagnosis & Treatment, Monitoring Applications, Wellness & Prevention, Healthcare Management, Others), By End Use (Hospitals & Clinics, Home Monitoring) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2025-2033
Connected Healthcare Market Size and Forecast 2024 to 2032
The global Connected Healthcare Market size is projected to be worth around USD 710.08 Billion by 2032 from USD 82.97 Billion in 2023 with a CAGR of 26.94% under the study period 2024-2032. Connected healthcare includes the integration of digital technologies and communication tools within the healthcare ecosystem to facilitate ease of interaction among patients, healthcare providers, and medical devices through the Internet of Things, telehealth services, wearable devices, and mobile health applications in terms of patient monitoring and diagnosis as well as their treatment. Connected healthcare lets real-time data be shared and encourages remote patient management to improve the efficiency of healthcare, reduce costs, and enable patients to manage their health better. As this trend is rewriting old healthcare delivery models, it continues to open healthcare delivery for accessibility and for patients to have personalized care. The factors driving the connected healthcare market include the increasing prevalence of chronic diseases that require continuous monitoring and management. Advances in IoT and mobile have also had significant growth impacts on health. Rising consumer interest in telehealth services has gradually increased the adoption of connected solutions. As a result, attention has shifted from curative care to preventive care and tailor-made treatment plans.
Connected Healthcare Market Report - Key Highlights
- Telehealth services accounted for the largest share of the connected healthcare market. They are very convenient, especially during the COVID-19 pandemic, and patients and providers widely adopt them for teleconsultations and telemonitoring.
- The wearables segment is projected to grow at the highest rate. This is because consumers are attracted to personal health tracking and fitness because they can be aware of their health status through devices and portable equipment.
- North America is likely to be at the forefront due to its advanced healthcare infrastructure, high adoption of various digital technologies, and supportive government policies for telehealth.
- The fastest-growing region for the connected healthcare market is Asia-Pacific. Increased funding in healthcare technology, increased smartphone penetration, and a focus on remote patient monitoring are some factors driving rapid growth in this region.
Connected Healthcare Market Drivers
- Growing Chronic Diseases Burden: The growth in chronic diseases, particularly diabetes and cardiovascular disease, is a major driver for the connected healthcare market. Chronic diseases account for 71% of global deaths, as per WHO. The increasing need for long-term patient monitoring and management solutions has accelerated the integration of connected healthcare technologies that address both timeliness and personalized care approaches.
- Technological Advances: IoT and mobile technologies are rapidly transforming healthcare delivery. According to a Statista survey, around 30% of healthcare organizations had implemented IoT solutions in 2022, with an expected increase to over 60% by 2025. This indicates that reliance on smart devices and connected solutions is increasing. The benefits will be efficient data collection and real-time monitoring, thereby radically improving patient care and operational efficiency.
- Increasing Consumer Demand for Telehealth: The COVID-19 pandemic has catalyzed a dramatic shift in healthcare delivery; telehealth services saw an increased demand. According to the report at McKinsey, telehealth usage had stabilized and reached 38 times higher than before the pandemic. With patients' improving preference for holding remote consultations, healthcare providers are looking at connected healthcare solutions to meet the changing demands of consumers.
Connected Healthcare Market Challenges
- Data Privacy Issues: Data security and confidentiality are still concerns in connected healthcare. The electronic transmission of such sensitive health data also increases the risk of breaches. A 2021 report by IBM computes the average cost for a healthcare organization's data breach to be $9.23 million. These issues may discourage the adoption of connected technologies among patients and providers.
- Regulatory Issues: The regulatory environment of connected healthcare is complex and significantly varies from one geographic location to another. Stringent regulations present difficulties in entry or the innovation of new solutions for some markets. Companies must wade through much complexity concerning compliance requirements, which delays innovations and increases operations costs. For instance, very inflexible guidelines by the FDA relating to medical devices slow the introduction of wearable technology and dwindle its growth prospects.
Global Connected Healthcare Market Share by Region (Representative Graph)
Competitive Overview
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The prominent players covered in this report are Fitbit LLC, DräGerwerk AG & Co. KGaA, GE Healthcare, Koninklijke Philips N.V., Omron Healthcare Inc., Apple Inc., Garmin International Inc., Boston Scientific Corp., Abbott, Medtronic. This is a tentative list and can be modified as per client requirements. This section of the report will cover detailed profiles of the above companies, their business strategy, financials, and SWOT analysis.
Recent Advancements
- Integration of AI in diagnostics: Artificial intelligence-based innovations are increasingly being used in connected healthcare, enhancing diagnostic accuracy. Companies are also developing AI-based platforms with a set of recommended treatments based on an analysis of patient data to enable early detection and improved outcomes.
- Blockchain for Data Security: Blockchain technology is gradually being adopted in the connected healthcare sector, where it brings secure and transparent data management solutions. It can prevent data breaches as it stores patient data in an encrypted manner and shares it only with authorized persons.
- Emerging Telehealth Platforms: New telehealth platforms offer additional specialized services such as mental health counseling and chronic disease management. They employ AI and machine learning to provide care plans tailored for each patient to engage and improve outcomes.
Latest Developments in the Connected Healthcare Market
- August 2024: Teladoc Health collaborated with Google Cloud to advance its telehealth capabilities by leveraging AI technology for enhanced patient engagement.
- July 2024: Apple launched its advanced health monitoring system, along with emerging new features that aim to manage chronic diseases, especially diabetes and cardiovascular health.
- June 2024: Cerner Corporation confirmed its agreement with Amazon Web Services as it continues its efforts to enhance cloud-based services in interoperability and data analytics for healthcare.
- May 2024: Philips has launched a new remote patient monitoring system focused on more effective outcomes for patients with heart failure. The system uses real-time data analytics and AI.
Global Connected Healthcare Market Report: Scope
Report Details | Attributes |
Base Year | 2024 |
Estimated Year | 2025 |
Historic Year | 2021-2023 |
Forecast Period | 2025-2033 |
Market Value | USD Billion |
Key Segments |
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Regional Coverage |
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Companies Profiled |
*No Particular order has been followed while listing the company names. |
Market Segmentation
This section of the Connected Healthcare market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- mHealth Services
- mHealth Devices
- e-Prescription
By Function
- Remote Patient Monitoring
- Clinical Monitoring
- Telemedicine
- Others
By Application
- Diagnosis & Treatment
- Monitoring Applications
- Wellness & Prevention
- Healthcare Management
- Others
By End Use
- Hospitals & Clinics
- Home Monitoring
Frequently Asked Questions (FAQs) about this Report
Insights You Can Expect From This Report

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