Connected Health Personal Medical Devices Market Size to Exceed $80 Billion by 2029 | Growth and Industry Trends
Claim your 30% discount on Global Market Reports with code ONLINE30. Limited time only.
How Has the Connected Health Personal Medical Devices Market Grown from 2024 to 2025?
The market size for personal medical devices related to connected health has experienced swift expansion in the past few years. The ascension from $39.67 billion in 2024 to $45.71 billion in 2025, with a compound annual growth rate (CAGR) of 15.2% is anticipated. The rise in the occurrence of chronic diseases, an increasing number of aging individuals, the proliferation of smartphones, an upsurge in the utilization of health applications, and the need for remote patient monitoring have all served as significant contributors to the growth observed in the historic period.
What Growth Rate Is Anticipated for the Connected Health Personal Medical Devices Market in the Coming Years?
Anticipations are high for the rapid augmentation of the connected health personal medical devices market in the forthcoming years. It is estimated to escalate to a whopping $80 billion by 2029, with a compound annual growth rate (CAGR) of 15.0%. This escalating growth during the projected period is largely linked to the surge in telehealth services, the ascent in healthcare costs prompting home-based care, the demand for immediate health-related data, the expansive deployment of the 5G network, regulatory support fostering digital health, and an increased consumer inclination towards wellness tracking. Key trends likely to shape this period include miniaturization of medical devices, bespoke health monitoring, subscription-based health platforms, Artificial Intelligence (AI) driven health analytics, and storage of data in the cloud.
Download The Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=24509&type=smp
Who Are the Leading Companies in the Connected Health Personal Medical Devices Market?
Major companies operating in the connected health personal medical devices market are Johnson & Johnson, F. Hoffmann-La Roche AG, Abbott Laboratories, Medtronic plc, Siemens Healthineers, Stryker Corporation, Becton, Dickinson and Company (BD), GE HealthCare, Philips Healthcare, Omron Healthcare India Private Limited, Zebra Technologies India Private Limited, Masimo Corporation, Oura Health Oy, Whoop Inc., Withings, Eko Health Inc., TytoCare Ltd., AliveCor Inc., DarioHealth Corp., iHealth Labs Inc., Levels Health Inc., Samsung Electronics Co. Ltd., Biostrap, Muse, Aktiia, Ava Science Inc., Bloomlife Inc., Lief Therapeutics, Movano Health, Oxitone Medical Ltd., Qardio Inc.
What Are the Key Drivers of the Connected Health Personal Medical Devices Market?
The increase in chronic illnesses is projected to drive the expansion of the connected health personal medical devices industry moving forward. Chronic illnesses are long-lasting health issues that develop gradually, typically necessitating ongoing medical attention. The surge in these illnesses can be partly attributed to sedentary lifestyles, with excessive sitting and lack of exercise leading to ailments such as heart disease and diabetes. Devices for personal connected health are beneficial for chronic disease monitoring as they provide real-time health analysis, making them optimal for handling conditions like diabetes and hypertension at home. They minimize the need for regular clinic visits by offering continuous data and prompt warnings, enhancing patient results and convenience. For instance, in June 2024, the UK’s National Health Service reported that 3,615,330 individuals registered with a general practitioner were diagnosed with non-diabetic hyperglycemia or pre-diabetes (a condition with raised blood sugar levels, not severe enough to be classified as diabetes) in 2023, which was an 18% increase from the 3,065,825 cases in 2022. Therefore, the escalating frequency of chronic diseases is fueling the development of the personal medical devices sector in connected health.
Request For A Customized Report:
https://www.thebusinessresearchcompany.com/customise?id=24509&type=smp
What Are the Key Market Segments in the Connected Health Personal Medical Devices Industry?
The connected health personal medical devices market covered in this report is segmented –
1) By Type: Healthcare IT, Health Information Exchange, Healthcare Analytics
2) By Product: Insulin Pumps, Blood Pressure (BP) Monitors, Portable Global Positioning System (GPS) Personal Emergency Response System (PERS), Glucose Monitor, Personal Pulse Oximeter, Smart Pill Dispenser, Personal Electrocardiogram (ECG)
3) By Connectivity: Bluetooth, Wi-Fi, Cellular, Other Connectivities
4) By Application: Chronic Disease Management, Fitness And Wellness, Home Healthcare, Other Applications
5) By End User: Hospitals, Clinics, Homecare Settings, Other End Users
Subsegments:
1) By Healthcare IT: Electronic Health Records (EHR), Telemedicine Solutions, Mobile Health (mHealth) Applications, E-Prescribing Systems
2) By Health Information Exchange: Directed Exchange, Query-Based Exchange, Consumer-Mediated Exchange, Cloud-Based Health Information Platforms
3) By Healthcare Analytics: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, Real-Time Analytics
What Are the Latest Trends in the Connected Health Personal Medical Devices Market?
Leading corporations in the market for personal medical devices that are connected health centric are concentrating their efforts on creating cutting-edge items; these include sophisticated at-home diagnostic equipment that enhances preventive healthcare and accessibility for users. Home diagnostic systems are essentially healthcare devices and instruments that equip people with the means to regulate their health status, conduct medical tests, and manage their health conditions without having to step foot in a medical establishment. In January 2023, a notable illustration is the launch of U-Scan by Withings, a health-tech firm located in France. U-Scan is a novel, hands-free, domestic urine analysis system that is meant to be installed within a toilet bowl. It relies on a changeable cartridge capable of conducting daily examinations over a three-month period, evaluating crucial hydration and nutrition markers. This gadget links with a smartphone application, offering users prompt data interpretation and customised healthcare advice. The U-Scan thrives on making habitual health monitoring effortless and non-intrusive, encouraging active management of personal wellness.
Access The Full Report Here:
What Are the Key Regional Markets in the Connected Health Personal Medical Devices Industry?
North America was the largest region in the connected health personal medical devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected health personal medical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase The Full Report Today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=24509
This Report Delivers Insight On:
1. How big is the connected health personal medical devices market, and how is it changing globally?
2. Who are the major companies in the connected health personal medical devices market, and how are they performing?
3. What are the key opportunities and risks in the connected health personal medical devices market right now?
4. Which products or customer segments are growing the most in the connected health personal medical devices market?
5. What factors are helping or slowing down the growth of the connected health personal medical devices market?
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Get in touch with us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
