This report is designed for companies and decision-makers seeking actionable insights on market size, growth, trends, and competitive strategies to drive expansion and success in the Connected Health and Wellness Solutions industry._x000D_
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What is the expected value of the connected health and wellness solutions market over the forecast period?_x000D_
The connected health and wellness solutions market size has grown exponentially in recent years. It will grow from $68.1 billion in 2024 to $82.61 billion in 2025 at a compound annual growth rate (CAGR) of 21.3%. The growth in the historic period can be attributed to aging population and chronic diseases, digital health adoption, healthcare costs and efficiency, remote patient monitoring, and pandemic-induced demand._x000D_
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The connected health and wellness solutions market size is expected to see exponential growth in the next few years. It will grow to $195.75 billion in 2029 at a compound annual growth rate (CAGR) of 24.1%. The growth in the forecast period can be attributed to increasing adoption of personalized medicine, health data interoperability, value-based care models, increasing mental health and well-being focus, healthcare access and equity, growing cybersecurity and data protection, growing demand for population health management. Major trends in the forecast period include expansion of iot devices and sensors, artificial intelligence in healthcare, wearable health technology, technological advancements, and product innovations._x000D_
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What industry dynamics are acting as key growth drivers for the connected health and wellness solutions market?_x000D_
The increase in the adoption of mhealth devices is driving the growth of the connected health and wellness solutions market. Applications such as telemedicine applications and mobile monitoring installed on mhealth devices help to track the health record and assist healthcare practitioners to get information. The mhealth devices include fitness trackers, smartphones, smartwatches, and more. According to International Data Group, a US-basedresearch firm that research on technology, in 2023, worldwide shipments of wearable devices are forecast to rebound in 2023, reaching a total of 504.1 million units, This represents 2.4% year-over-year growth, driven by sustained demand for the most popular products –earwear and smartwatches – while other products hold steady. Therefore, the increase in spending on wearable devices will boost the demand for mhealth devices and this, in turn, drives the connected health and wellness solutions market._x000D_
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What are the fastest-growing segments in the connected health and wellness solutions market forecast period?_x000D_
The connected health and wellness solutions market covered in this report is segmented –_x000D_
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1) By Product: Personal Medical Devices, Wellness Products, Software & Services_x000D_
2) By Function: Clinical Monitoring, Telehealth_x000D_
3) By Application: Diagnosis & Treatment, Wellness and prevention, Monitoring, Other Applications_x000D_
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Subsegments:_x000D_
1) By Personal Medical Devices: Wearable Health Monitors, Remote Patient Monitoring Devices, Connected Inhalers and Medication Adherence Devices_x000D_
2) By Wellness Products: Smart Scales and Body Composition Monitors, Sleep Trackers and Sleep Aids, Smart Thermometers_x000D_
3) By Software & Services: Mobile Health Applications (mHealth apps), Telehealth Platforms and Services, Data Analytics and Health Management Solutions_x000D_
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What are the most notable trends influencing investment in the connected health and wellness solutions sector?_x000D_
The increasing adoption of digital health technologies is a key trend gaining popularity in the connected health and wellness solutions market. Digital health technologies use software, computing platforms, sensors, and more, to give accurate health to patients. The demand for digital health technologies has increased in the past few years. According to Rock Health’s 2022 Digital Health Consumer Adoption Survey, 80% of respondents reported having accessed care via telemedicine at some point in their lives, an increase from 72% in 2021._x000D_
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Which major players hold significant market share in the connected health and wellness solutions sector?_x000D_
Major companies operating in the connected health and wellness solutions market include Omron Healthcare Inc., Koninklijke Philips N.V., GE Healthcare Technologies Inc., Drägerwerk AG & Co. KGaA, Fitbit LLC, Abbott Laboratories, Apple Inc., Garmin Ltd., Boston Scientific Corporation, Medtronic PLC, Masimo Corporation, ResMed Inc., NXGN Management LLC, Allscripts Healthcare LLC, Cerner Corporation, IBM Corporation, AgaMatrix Inc., Microlife AG, Aerotel Medical Systems Ltd., Mckesson Corporation, BioTelemetry Inc., Honeywell International Inc., Qualcomm Life Inc., iHealth Labs Inc._x000D_
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Which regional segments are forecasted to witness the fastest growth in the connected health and wellness solutions market?_x000D_
North America was the largest region in the connected health and wellness solutions market in 2024. The Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected health and wellness solutions market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa._x000D_
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How Can Companies Use The Connected Health and Wellness Solutions Market Report to Drive Business Results?_x000D_
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:_x000D_
• Time market entry or expansion using growth forecasts and CAGR trends._x000D_
• Develop competitive products by tracking key technology shifts and user preferences._x000D_
• Tailor regional strategies with in-depth geographic data and local market dynamics._x000D_
• Benchmark and plan partnerships using competitive landscape insights._x000D_
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