Global Connected Healthcare Market: Major Trends Reshaping the Future of the Industry

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What Will the Connected Healthcare Industry Market Size Be by 2025?
The valuation of the connected healthcare sector has experienced substantial expansion lately, projected to climb from $155.31 billion in 2024 to $194.52 billion the subsequent year, reflecting a compound annual growth rate (CAGR) attainment of 25.2%. This historical upward trajectory is fundamentally linked to several key factors, including the increasing prevalence of an aging demographic alongside chronic illnesses, the broader integration of digital health solutions, pressures to manage healthcare expenditures and enhance operational effectiveness, the expansion of remote patient monitoring capabilities, and the increased urgency spurred by the global pandemic.

What's the Long-Term Growth Forecast for the Connected Healthcare Market Size Through 2029?
The sphere of connected healthcare anticipates substantial, rapid expansion over the approaching years, projected to reach a valuation of $544.49 billion by 2029, driven forward by a compound annual growth rate (CAGR) of 29.3%. This forthcoming upswing is fundamentally linked to several key factors, such as the wider acceptance of tailored medical treatments, enhanced interoperability of health information, the shift towards value-based care frameworks, heightened attention to psychological health and wellness, improvements in healthcare availability and fairness, escalating concerns regarding data security and protection, and a rising need for comprehensive population health oversight. Within this same timeline, several significant currents are shaping the landscape, notably the proliferation of Internet of Things (IoT) devices and monitoring sensors, the integration of artificial intelligence within medical settings, the increasing use of wearable health monitoring tools, general technological progression, and continuous development in product offerings.

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What Are the Key Growth Drivers Fueling the Connected Healthcare Market Expansion?
The increasing incorporation of information technology within the medical field is serving as a major catalyst for the expansion of the connected healthcare sector. This connected healthcare model leverages the internet and various wireless communication methods to collect patient information and facilitate remote interaction between individuals receiving care and their providers, thereby enabling remote health supervision through automated frameworks. For effective operation and the systematic management of extensive medical records, connected healthcare necessitates the deployment of specialized healthcare IT integration software, linking it with medical devices and related applications, which ultimately improves capabilities for managing healthcare from a distance. Illustratively, a poll conducted by the Healthcare Information and Management Systems Society (HIMSS) in November 2022 revealed that 61 percent of healthcare leadership figures indicated they had implemented automation solutions, representing a noticeable upturn compared to earlier reporting periods; this escalation stems from a widespread initiative aimed at boosting operational effectiveness while simultaneously lowering expenditures within medical facilities, suggesting that the ongoing fusion of IT into healthcare will undoubtedly drive the connected healthcare market forward throughout the projected timeline.

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What Are the Key Trends Driving Connected Healthcare Market Growth?
Key players within the connected healthcare sector are concentrating efforts on engineering sophisticated technological offerings, exemplified by the ZAIDYN Connected Health solution, aimed at bolstering remote surveillance of individuals and ultimately elevating the quality of medical results. This ZAIDYN Connected Health platform empowers pharmaceutical organizations, care delivery entities, and insurance providers to foster innovation, enabling them to more effectively identify underserved requirements, heighten patient involvement, and yield superior health metrics. Illustratively, in the month of October in 2023, ZS Associates Group, Inc., an American firm specializing in technology and management consulting, introduced the Artificial Intelligence-driven ZAIDYN Connected Health component as an integral segment of their broader ZAIDYN by ZS framework, which encompasses three distinct product collections designed to close existing deficiencies in medical treatment and cultivate a future centered around the patient: covering areas such as health intelligence, patient interaction, and integrated studies.

How Is the Connected Healthcare Market Segmented?
The connected healthcaremarket 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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Which Companies Are Leading the Charge in Connected Healthcare Market Innovation?
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

Which Regions Are Leading the Global Connected Healthcare Market in Revenue?
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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