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Connected Health and Wellness Solutions Market Global Report 2025: Trends, Growth Drivers, and Forecast To 2034
Connected Health and Wellness Solutions Market
Revolutionizing Health and Wellness: Phenomenal Market Growth, Leading Players, and Future Outlook for Connected Health and Wellness Solutions.
What Is The Projected Market Size Of The Global Connected Health and Wellness Solutions Market And Its Growth Rate?
The connected health and wellness solutions market exhibits significant growth fueled by various factors:
• Market size in 2024: $68.1 billion
• Market size in 2025: $82.61 billion (21.3% CAGR), attributable to aging population and chronic diseases, digital health adoption, healthcare costs and efficiency, remote patient monitoring, and pandemic-induced demand.
• Predicted market size in 2029: $195.75 billion (24.1% CAGR), owing to increasing adoption of personalized medicine, health data interoperability, value-based care models, increasing mental health and well-being focus, healthcare access and equity, and demand for population health management.
What Is Driving The Growth In The Connected Health and Wellness Solutions Market?
The surge in the global connected health and wellness solutions market is primarily propelled by the escalating adoption of mhealth devices such as fitness trackers, smartphones, and smartwatches. In particular, applications like telemedicine and mobile monitoring installed on these devices play a crucial role by helping healthcare practitioners access health records promptly, keeping track of patient health. In 2023, we anticipate a rebound of worldwide shipments of wearable devices, reaching 504.1 million units, signifying a 2.4% year-over-year growth. Advancements in wearable devices are projected to stimulate the demand for mhealth devices, subsequently driving the connected health and wellness market growth.
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Who Are the Key Players Driving Connected Health and Wellness Solutions Market Growth?
Leading players driving growth 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, and others.
What Are The Key Trends In The Connected Health and Wellness Solutions Market?
Key trends in the connected health and wellness solutions market include:
• Expansion of internet of things (IoT) devices and sensors
• Increasing use of artificial intelligence in healthcare
• Greater adoption of wearable health technology
• Technological advancements
• Product innovations
What Are The Segments Of The Global Connected Health and Wellness Solutions Market?
The connected Health and Wellness solutions market is segmented into:
• Products: Personal Medical Devices, Wellness Products, Software & Services
• Function: Clinical Monitoring, Telehealth
• Application: Diagnosis & Treatment, Wellness and prevention, Monitoring, Other Applications
Which Region Leads The Connected Health and Wellness Solutions Market?
North America dominated the connected health and wellness solutions market in 2024, with Asia-Pacific expected to witness the fastest growth in the forecast period. The market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Connected Health and Wellness Solutions Global Market Report?
• Market Size Analysis: Analyze the Connected Health and Wellness Solutions Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Connected Health and Wellness Solutions Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Connected Health and Wellness Solutions Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Connected Health and Wellness Solutions Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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