Connected Health Market is expected to reach US$ 421.60 Billion by 2031

Surging Demand in the e-Commerce Sector Fuels Connected Health Market   

According to our latest study, “Connected Health Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Product Type, Application, End User, and Geography," the market was valued at US$ 79.11 billion in 2024 and is expected to reach US$ 421.60 billion by 2031; it is estimated to record a CAGR of 27.2% during 2025–2031. The report includes growth prospects owing to current connected health market trends and their foreseeable impact during the forecast period.  

Advancements in medical technology drive the connected healthcare market growth. As healthcare shifts toward a more patient-centric approach, innovative medical devices and digital solutions enable seamless health data integration, remote monitoring, and real-time communication between patients and healthcare providers.

Connected Health Market Analysis - by Geography

Source: The Insight Partners Analysis

Advancements in telemedicine platforms, powered by high-definition video and secure data transmission protocols, facilitate remote consultations and reduce the need for in-person visits. Technologies such as cloud computing and Internet of Things (IoT) devices create an interconnected network of medical instruments and health records, ensuring comprehensive and continuous care. Leading hospitals, including the Mayo Clinic, are adopting these innovations to enhance patient engagement and care coordination, showing a tangible shift toward connected healthcare. In 2024, the introduction of eSanjeevani 2.0 by Government of India incorporated telediagnosis capabilities by integrating point-of-care diagnostic devices. This advancement allows for real-time diagnostic support during teleconsultations, enhancing the quality of remote healthcare services. Continuous innovation in medical technology fosters the development of new connected healthcare solutions and enhances the overall delivery and quality of care. These advancements are key drivers, transforming healthcare systems worldwide into more integrated, efficient, and patient-friendly networks.

Koninklijke Philips, Apple Inc., OMRON Corp., International Business Machines Corp., Abbott Laboratories, Medtronic Plc, GE HealthCare Technologies Inc, Fitbit LLC, Boston Scientific Corp, and Samsung Electronics Co Ltd are among the key players profiled in the connected health market report. Other players were also studied and analyzed during the market study to get a holistic view of the market and its ecosystem. 

The report includes the connected health market forecast by type, application, and end user. Based on type, the global connected health market is segmented into m-health services and m-health devices. M-Health (Mobile Health) services leverage mobile technology to deliver healthcare solutions, improve patient engagement, and streamline clinical processes. These services include remote patient monitoring, telemedicine consultations, health information dissemination, mobile diagnostics, and medication reminders. Integrating electronic health records (EHR) and AI-powered health assistants expands functionality. Governments and healthcare providers adopt M-Health services to improve population health outcomes while controlling costs. Additionally, the growing prevalence of internet connectivity and smartphone adoption drives the popularity of these services globally. With ongoing innovation, M-Health services are central in building more accessible, efficient, and patient-centered healthcare systems. This segment held the largest connected health market share in 2024.

The scope of the connected health market report focuses on North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). Asia Pacific dominated the market in 2024, followed by North America and Europe.

The connected health market in Asia Pacific is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. In terms of revenue, India held the largest connected health market share in APAC. India’s connected health market is rapidly evolving, driven by increasing digital adoption, a growing middle class, and expanding smartphone and internet penetration. The demand for accessible, affordable, and personalized healthcare solutions is pushing innovation in telemedicine, remote monitoring, digital health records, and mobile health apps. Government initiatives such as Ayushman Bharat and the National Digital Health Mission foster a supportive ecosystem for digital health integration. Additionally, the rise in chronic diseases, urbanization, and a shortage of healthcare professionals in rural areas encourage the adoption of connected health solutions. The private sector actively invests in digital platforms, wearable technologies, and AI-driven tools that improve patient engagement and care coordination. With rising health awareness and a tech-savvy population, India is poised to become a major player in the global connected health landscape. However, challenges in infrastructure and data privacy remain. In September 2024, the Ayushman Bharat Digital Mission (ABDM) crossed its three-year mark, having created over 67 crore digital health IDs (ABHA), linked over 42 crore health records, and onboarded a broad network of facilities and professionals.

The connected health market in Europe is experiencing steady growth, driven by technological innovation, policy support, and evolving healthcare needs. The region’s well-established healthcare infrastructure and rising demand for more personalized and efficient care have accelerated the adoption of connected health solutions such as remote patient monitoring, mobile health apps, and telemedicine platforms. In December 2023, the European Commission and WHO/Europe signed a €12 million (US$ 13.08 million) agreement to strengthen health information systems, health data governance, and interoperability across the WHO European Region (53 countries). This four‑year initiative aims to improve how health data is used by providers, policymakers, and innovators, building capacity and promoting high‑quality, interoperable digital systems. Europe’s connected health market is on a clear upward trajectory, shaped by a strong push toward digital health integration and a commitment to delivering more efficient, accessible, and patient-centered care.

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