Connected Healthcare Market: Exploding Growth at 26.1% CAGR and Astonishing Growth Predicted through 2029

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Enhanced accessibility, efficiency, and exponential growth confer a promising prognosis for the global connected healthcare market.

What Is The Projected Market Size Of The Global Connected Healthcare Market And Its Growth Rate?
The global connected healthcare market has seen significant growth, primarily driven by the aging population, chronic diseases, digital health adoption, healthcare costs and efficiency, remote patient monitoring, and pandemic-induced demand.

- The market grew from $155.31 billion in 2024 to $195.91 billion in 2025, marking an impressive CAGR of 26.1%.
- It is projected to continue this trend, reaching $555.58 billion in 2029 at a CAGR of 29.8%.
- This expected growth 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.

What Is Driving The Growth In The Connected Healthcare Market?
Integration of IT in healthcare is one of the significant factors propelling the growth of the connected healthcare market. Whether it's remote patient monitoring, accumulation of patients' data, or connecting patients to caregivers, modern technology plays a key role. Healthcare IT integration software and its incorporation into healthcare devices and applications facilitates the effective functioning and maintenance of a substantial amount of medical data, streamlining remote healthcare management. In November 2022, a survey by the Healthcare Information and Management Systems Society (HIMSS) revealed that 61% of healthcare executives employed automation technologies, indicating a notable increase from previous years. This hike is part of a broader effort to improve operational efficiency and bring down costs in healthcare settings. As a result, the rising integration of IT in healthcare is anticipated to fuel the connected healthcare market's growth in the forthcoming years.

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Who Are the Key Players Driving Connected Healthcare Market Growth?
The major companies operating in the connected healthcare market are:
- 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
- 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 Key Trends In The Connected Healthcare Market?
Key trends driving the market include:
- The expansion of IoT devices and sensors
- The integration of artificial intelligence in healthcare
- The adoption of wearable health technology
- Technological advancements and product innovations, such as ZAIDYN Connected Health solution, which enhances remote patient monitoring and improves healthcare outcomes.

What Are The Segments Of The Global Connected Healthcare Market?
The connected healthcare market report covers the following segments:
- By Type: e-Prescription, mHealth Services, mHealth Devices
- By Function: Remote Patient Monitoring, Clinical Monitoring, Telemedicine, Other Functions
- By Application: Monitoring Applications, Diagnosis And Treatment, Education And Awareness, Healthcare Management, Wellness And Prevention
- By End Users: Hospitals And Clinics, Home Monitoring

Which Region Leads The Connected Healthcare Market?
In 2024, North America held the largest share in the global connected healthcare market. However, the Asia-Pacific region is expected to be the fastest-growing region in the forecast period. The market studies cover multiple 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 Healthcare Market Global Market Report?

- Market Size Analysis: Analyze the Connected Healthcare Market size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the Connected Healthcare 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 Healthcare Market growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the Connected Healthcare Market.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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