The Business Research Company’s report on the Connected Healthcare Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the connected healthcare industry?
The growing integration of IT in healthcare is significantly contributing to the growth of the connected healthcare market. Connected healthcare uses the internet and other wireless technology to gather patients’ data and help patients connect with their caregivers, which promotes healthcare monitoring remotely using automated systems. Connected healthcare requires healthcare IT integration software and its integration into healthcare devices and applications for smooth function and maintaining of vast medical data, which enhances remote healthcare management. For instance, in November 2022, According to a survey by the Healthcare Information and Management Systems Society (HIMSS), 61% of healthcare executives reported deploying automation technologies, highlighting a marked increase from previous years. This surge is part of a broader push to enhance operational efficiency and reduce costs in healthcare settings Therefore, the growing integration of IT in healthcare is expected to propel the growth of the connected healthcare market over the forecast period.
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What is the estimated market size of the connected healthcare sector by 2029, based on current forecasts?
The connected healthcare market size has grown exponentially in recent years. It will grow from $155.31 billion in 2024 to $195.91 billion in 2025 at a compound annual growth rate (CAGR) of 26.1%. 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.
The connected healthcare market size is expected to see exponential growth in the next few years. It will grow to $555.58 billion in 2029 at a compound annual growth rate (CAGR) of 29.8%. 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.
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#Who are the top players in the connected healthcare market?
Major companies operating in the connected healthcare market include Allscripts Healthcare Solutions Inc., Cerner Corporation, Koninklijke Philips N.V., International Business Machines Corporation, AirStrip Technologies LP, AgaMatrix Holdings LLC, AliveCor Inc., Apple Inc., Athenahealth Inc., Boston Scientific Corporation, GE Healthcare, Medtronic plc, Microsoft Corporation, Qualcomm Incorporated, Systems Applications and Products in Data Processing (SAP), Oracle Corporation, Accenture plc, Honeywell Life Care Solutions, Persistent Systems Limited, Sanofi S.A., Vivify Health Inc., Entia Ltd., GlaxoSmithKline plc, NeuroFlow Inc., Butterfly Network Inc., OneRail, Evidation Health Inc., DarioHealth Corp., Pixium Vision SA, Stanley Healthcare Solutions
#What are the major trends in the connected healthcare market?
Major companies operating in the connected healthcare market are focusing on the development of technologically advanced products such as ZAIDYN Connected Health solution to enhance remote patient monitoring and improve healthcare outcomes. ZAIDYN Connected Health assists pharmaceutical firms, healthcare providers, and payers in innovating in order to better recognize unmet needs, engage patients, and enhance health outcomes. For instance, in October 2023, ZS Associates Group, Inc., a US-based management consulting and technology firm, launched the AI-powered ZAIDYN Connected Health solution as part of the ZAIDYN by ZS platform. It provides three product suites that help bridge gaps in healthcare and build a patient-centric future: health insights, patient engagement, and connected research.
Which geography holds the highest connected healthcare market share?
North America was the largest region in the connected healthcare market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected healthcare market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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How do different segments contribute to the overall expansion of the connected healthcare market?
The connected healthcare market covered in this report is segmented –
1) By Type: e-Prescription, mHealth Services, mHealth Devices
2) By Function: Remote Patient Monitoring, Clinical Monitoring, Telemedicine, Other Functions
3) By Application: Monitoring Applications, Diagnosis And Treatment, Education And Awareness, Healthcare Management, Wellness And Prevention
4) By End Users: Hospitals And Clinics, Home Monitoring
Subsegments:
1) By e-Prescription: Electronic Prescription Management Systems, E-Pharmacy Integration, Prescription Refill and Renewal Systems
2) By mHealth Services: Remote Patient Monitoring Services, Telemedicine and Virtual Consultation Services, Health and Wellness Coaching Services
3) By mHealth Devices: Wearable Fitness Trackers, Mobile Health Monitors, Smart Medication Management Devices
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How is the connected healthcare market defined, and what are its core characteristics?
Connected healthcare is a technology-driven system that links devices, services, and providers, facilitating the smooth exchange of health data. It enables better patient care through real-time monitoring, remote diagnostics, and tailored treatments.
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