Integration Of It In Healthcare Drives Growth In The Connected Healthcare Market: Key Factor Driving The Growth In The Connected Healthcare Market

The Connected Healthcare Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Connected Healthcare Market Size During the Forecast Period?
The size of the connected healthcare market has significantly expanded in the past few years. Its growth is projected to rise from $155.31 billion in 2024 to $195.91 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 26.1%. Factors contributing to its growth during the historic period include an aging population burdened with chronic diseases, adoption of digital health practices, concerns about healthcare costs and efficiency, the implementation of remote patient monitoring, and the surge in demand triggered by the pandemic.

The projections for the connected healthcare market size anticipate a remarkable surge in the forthcoming years. The market's worth is anticipated to rise to $555.58 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 29.8%. This projected growth for the forecast period can be accredited to the rising acceptance of personalized medicine, interoperability of health data, and value-based healthcare models. Other contributing factors include the escalating attention towards mental health and well-being, access and fairness in healthcare, increasing data security, and the growing requirement for population health management. Additionally, significant trends during the forecast period like the expansion of IoT devices and sensors, the incorporation of artificial intelligence in healthcare, wearable health technology, technological progress and product innovations are also expected to influence the market growth.

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What Are the High-Growth Segments in the 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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What Key Drivers Are Expected to Influence Future Connected Healthcare Market Growth?
The increasing incorporation of Information Technology in healthcare is proving to be a significant factor propelling the development of the connected healthcare market. Connected healthcare leverages the internet and assorted wireless technologies to collect patient data and facilitate patient-caregiver interactions, thus fostering remote health surveillance via automated systems. It is critical for connected healthcare to have healthcare IT integration software and its incorporation into healthcare devices and applications for seamless operation and management of extensive medical data, subsequently boosting remote health management. For instance, in November 2022, a survey by the Healthcare Information and Management Systems Society (HIMSS) indicated that 61% of healthcare executives have implemented automation technology, marking a notable increase from prior years. This uptick is a part of the larger movement towards enhancing operational efficiency and curtailing expenses in healthcare environments. Consequently, the escalating integration of IT in healthcare is anticipated to drive the growth of the connected healthcare market in the projected period.

Which Companies Hold the Largest Share Across Different Connected Healthcare Market Segments?
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

What Trends Are Driving Growth in The Connected Healthcare Market?
In the connected healthcare market, leading companies are concentrating their efforts on creating technologically sophisticated products like ZAIDYN Connected Health solution with the aim to boost remote patient monitoring and enhance healthcare results. ZAIDYN Connected Health is targeted at helping pharmaceutical companies, healthcare providers and payers to be innovative in identifying unfulfilled needs, engaging patients, and improving health outcomes. For example, in October 2023, ZS Associates Group, Inc., a management consulting and technology company in the U.S., unveiled the AI-based ZAIDYN Connected Health solution, under the ZAIDYN by ZS platform. This platform offers three comprehensive product suites that address healthcare gaps and pave the road for a patient-focused future. These include health insights, patient engagement, and connected research.

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What Are the Emerging Geographies for The Connected Healthcare Market Growth?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Connected Healthcare Market?
2. What is the CAGR expected in the Connected Healthcare Market?
3. What Are the Key Innovations Transforming the Connected Healthcare Industry?
4. Which Region Is Leading the Connected Healthcare Market?

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