Exploring Key Insights of the Connected Healthcare Market: Growth Prospects, Emerging Trends, and Opportunities
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What fueled the previous growth in the connected healthcare market?
Recent years have witnessed a significant expansion in the connected healthcare market size. A surge from $155.31 billion in 2024 to $195.91 billion in 2025 is projected, indicating a compound annual growth rate (CAGR) of 26.1%. Several factors contribute to this growth observed during the historical period, including an aging population burdened with chronic illnesses, the embrace of digital health, the expense and effectiveness of healthcare services, remote patient surveillance, and increased demand due to the pandemic.
What will be the connected healthcare market size in the future?
The market size of connected healthcare is anticipated to experience massive growth in the coming years. The market is projected to expand to $555.58 billion by 2029, with a compound annual growth rate (CAGR) of 29.8%. Factors contributing to this growth during the forecast period include the growing adoption of personalized medicine, health data interoperability, an uptick in focus on mental health and wellbeing, the prioritization of healthcare access and equity, rising concerns for cybersecurity and data protection, and an increased demand for population health management. Expected trends heading forward feature the proliferation of IoT devices and sensors, the implementation of artificial intelligence in healthcare, the adoption of wearable health technology, improvements in technology, and product innovations.
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What main drivers are fueling expansion in the connected healthcare market?
The continued fusion of IT into healthcare is playing a major role in the growth of the connected healthcare market. This type of healthcare utilizes the internet and other wireless technology to collect patient information and enables patients to communicate with their caregivers, thus fostering remote healthcare monitoring via automated systems. For functional efficiency and proper management of extensive medical data, connected healthcare needs healthcare IT integration software and its incorporation into healthcare devices and applications. A perfect example of this trend came in November 2022 when a Healthcare Information and Management Systems Society (HIMSS) survey revealed that 61% of healthcare executives had adopted automation technologies, marking a notable rise from the past years. This upward trend is part of a larger drive aimed at increasing operational efficiency and cutting costs in healthcare settings. Consequently, the continued integration of IT in healthcare is anticipated to stimulate the connected healthcare market’s growth in the coming years.
What key areas define the segmentation of the global 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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Who are the dominant players expanding their reach 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
How are evolving market trends shaping connected healthcare Strategies?
Leading businesses in the connected healthcare sector are concentrating on creating advanced technological products like ZAIDYN Connected Health solution to amplify remote patient supervising and to upgrade healthcare results. ZAIDYN Connected Health facilitates pharmaceutical corporations, medical providers, and payers in developing innovative solutions to effectively identify unmet requirements, involve patients more actively, and boost health outcomes. For example, the US-based management consulting and technology firm ZS Associates Group, Inc. unveiled the AI-powered ZAIDYN Connected Health solution embedded within the ZAIDYN by ZS platform in October 2023. This offers three product bundles aimed at addressing healthcare gaps and constructing a future focussed on patient care: health insights, patient engagement, and connected research.
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Which regions are emerging as leaders in the connected healthcare market?
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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