Dublin, April 23, 2025 (GLOBE NEWSWIRE) -- The "Connected Healthcare Market Report 2025" has been added to ResearchAndMarkets.com's offering.
The connected healthcare market is poised for significant expansion, with size estimates soaring from $155.31 billion in 2024 to $195.91 billion in 2025, reflecting an impressive CAGR of 26.1%. This growth is driven by factors including the aging population, chronic diseases, digital health adoption, and the demand created by recent pandemics. Looking further ahead, the market is projected to reach $555.58 billion by 2029, achieving a CAGR of 29.8% due to the increasing adoption of personalized medicine, health data interoperability, and value-based care models.
Technological advancements are pivotal in this market's evolution. The incorporation of IoT devices, sensors, and artificial intelligence is transforming connected healthcare, with notable innovations in wearable health technology and remote monitoring systems. A HIMSS survey in November 2022 reported that 61% of healthcare executives implemented automation technologies, underscoring an emphasis on operational efficiency and cost reduction.
Investment in healthcare is also a key growth driver. For instance, the American Medical Association noted a 4.1% growth in U.S. health spending to $4.5 trillion in 2022. Higher expenditures support enhancements in technology, data security, and infrastructure, bolstering the connected healthcare market.
Companies within this space, such as ZS Associates with their AI-based ZAIDYN Connected Health solution, are focusing on technological innovation. Launched in October 2023, this solution aids pharmaceutical firms and healthcare providers in patient engagement and improving health outcomes. Similarly, Medtronic's acquisition of Mazor Robotics for $1.7 billion in January 2023 exemplifies strategic moves to enhance their surgical robotics capabilities.
The market features key players like Allscripts Healthcare Solutions Inc., Cerner Corporation, Koninklijke Philips N.V., and Apple Inc. North America leads the market, with Asia-Pacific anticipated to be the fastest-growing region. The scope spans across countries including the USA, UK, China, India, and more.
Reasons to Purchase:
- Obtain a global perspective with coverage of 15 geographies.
- Evaluate the impact of macro-economic factors, including geopolitical tensions, inflation, and economic recovery post-pandemic.
- Formulate effective regional and country strategies supported by local data analysis.
- Identify high-growth investment segments.
- Leverage forecast data and market drivers to outperform competitors.
- Understand customer demographics through the latest market share analysis.
- Benchmark your performance against leading industry competitors.
- Receive high-quality data suitable for strategic presentations internally and externally.
- Access latest data and analysis delivered via a comprehensive Excel dashboard.
Market Dynamics
This report delves into the characteristics, size, and growth trajectory of the connected healthcare market, segmented by type, function, application, and end users. It provides granular geographic breakdowns highlighting historical growth, current trends, and future forecasts. Key factors impacting the market such as the Russia-Ukraine conflict, rising inflation, and COVID-19 legacy are also examined.
Market Segmentation:
- By Type: e-Prescription, mHealth Services, mHealth Devices
- By Function: Remote Patient Monitoring, Clinical Monitoring, Telemedicine, Others
- By Application: Monitoring Applications, Diagnosis and Treatment, Education and Awareness, Healthcare Management, Wellness and Prevention
- By End Users: Hospitals and Clinics, Home Monitoring
Subsegments Include:
- e-Prescription: Electronic Prescription Management Systems, E-Pharmacy Integration, Prescription Refill and Renewal Systems
- mHealth Services: Remote Patient Monitoring, Telemedicine and Virtual Consultation, Health and Wellness Coaching
- mHealth Devices: Wearable Fitness Trackers, Mobile Health Monitors, Smart Medication Management Devices
Competitive Landscape
Key companies such as Allscripts Healthcare Solutions Inc., Cerner Corporation, Koninklijke Philips N.V., IBM Corporation, and AirStrip Technologies L.P. lead the market. The competitive landscape section details their market positions, recent financial deals, and strategic developments.
Geographic Coverage
Covers regions including Asia-Pacific, Western and Eastern Europe, North and South America, the Middle East, and Africa. Key countries include the USA, China, Germany, and India.
Data and Analysis
Access ratios of market size to related markets, GDP proportions, and expenditure per capita. The report provides both regional and country-level growth data, with segments defined by market share and expected future trends.
For a holistic understanding of the connected healthcare market, the report is available in PDF, Word, and Excel formats, complete with an interactive data dashboard.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2025-2029 |
| Estimated Market Value (USD) in 2025 | $195.91 Billion |
| Forecasted Market Value (USD) by 2029 | $555.58 Billion |
| Compound Annual Growth Rate | 29.8% |
| Regions Covered | Global |
Companies Featured
- Allscripts Healthcare Solutions Inc.
- Cerner Corporation
- Koninklijke Philips N.V.
- International Business Machines Corporation
- AirStrip Technologies L.P.
- 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 SA
- Vivify Health Inc.
- Entia Ltd.
- GlaxoSmithKline plc
- NeuroFlow Inc.
- Butterfly Network Inc.
- OneRail
- Evidation Health Inc.
- DarioHealth Corp.
- Pixium Vision SA
- Stanley Healthcare Solutions
For more information about this report visit https://www.researchandmarkets.com/r/7dr4u4
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