Connected Health Market Size, Growth & Forecast to 2031

The Connected Health Market size is expected to reach US$ 421.5 billion by 2031 from US$ 79.1 billion in 2024. The market is anticipated to register a CAGR of 27.2% during 2025–2031.

Connected Health Market Analysis

The connected health market is propelled by several key drivers, including the increasing prevalence of chronic diseases, rising emphasis on preventive healthcare, and advancements in medical technology. Expanding & virtual care, expansion of connected health through remote patient monitoring, and cross-industry collaborations creating significant growth opportunities. Additionally, wearable tech, and AI integration, forecasting exponential growth and transforming global healthcare delivery systems.

Connected Health Market Overview

Connected health refers to a comprehensive model of healthcare delivery that uses digital technologies to provide accessible, efficient, and personalized medical care. It encompasses a wide range of tools and platforms such as telemedicine, (RPM), mobile health apps, wearable devices, and electronic health records (EHRs). These technologies enable continuous interaction between patients and healthcare providers, improving patient outcomes and streamlining healthcare operations. Key benefits include enhanced patient engagement, reduced hospital readmissions, improved chronic disease management, and cost savings. Connected health finds applications in chronic disease monitoring, elderly care, fitness and wellness, mental health, and post-acute care. The major types include telehealth services, mHealth applications, RPM systems, and digital health platforms, each contributing to a seamless and proactive approach to healthcare.

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Connected Health Market: Strategic Insights

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Connected Health Market Drivers and Opportunities

Market Drivers:

• Increasing Prevalence of Chronic Diseases:

  The increasing prevalence of chronic diseases stands as a pivotal driver for the growth of the connected health market. Chronic conditions such as diabetes, cardiovascular diseases, and respiratory disorders require continuous monitoring and management to prevent complications and hospitalizations. Connected Health solutions, which integrate digital tools, remote monitoring devices, and telehealth services, offer a seamless approach to managing these long-term illnesses by enabling real-time tracking and personalized care outside traditional clinical settings. . In 2023, the Ministry of Health and Family Welfare launched an ambitious initiative aiming to place 75 million individuals with hypertension or diabetes on standard care by 2025. This initiative underscores the government's commitment to integrating digital health solutions into the management of chronic diseases, facilitating continuous monitoring and timely interventions. As chronic diseases become more widespread globally, the demand for connected health solutions will continue to surge.

• Rising Emphasis on Preventive Healthcare:

  A key force propelling the growth of the connected health market is the rising global emphasis on preventive healthcare. As healthcare systems worldwide shift from reactive to proactive models, the integration of connected technologies has become central in identifying risk factors early, managing chronic conditions, and promoting healthier lifestyles. Wearable devices, remote monitoring tools, mobile health apps, and AI-powered platforms are empowering individuals to track their health in real-time, fostering a culture of prevention over treatment. In May 2025, the Centers for Medicare & Medicaid Services (CMS) Innovation Center revealed its 2025 strategic direction, centered on evidence-based prevention, putting preventive care at the heart of future models. This includes tools to unlock data access, empower individuals via mobile apps, and integrate preventive services into care delivery. As the global population ages and chronic diseases become more prevalent, connected health technologies that support early intervention and lifestyle management will remain crucial.

Market Opportunities:

• Expanding Telemedicine & Virtual Care:

  The connected health market is undergoing a significant transformation, driven by the integration of telemedicine and virtual care into mainstream healthcare delivery. These digital innovations offer more than just convenience; they are reshaping how care is accessed, delivered, and managed. As healthcare systems worldwide grapple with rising demand, limited resources, and a growing emphasis on personalized care, telemedicine and virtual platforms provide a strategic pathway to scale healthcare services efficiently while maintaining quality outcomes. . Under the National Health Scheme’s Sanjeevani portal, Telangana’s government expanded telemedicine services dramatically. From 2022–23 to 2023–24, user numbers surged from 5.3 million to 7.8 million consultations; by March 2025, projections reached 8.7 million. Services span general and specialized care, especially benefitting remote and tribal populations via sub‑centres, PHCs, and urban PHCs. As healthcare ecosystems evolve, telemedicine and virtual care are not just tools—they are enablers of a connected, responsive, and inclusive health infrastructure, setting the foundation for sustainable growth in the connected health market.

Connected Health Market Report Segmentation Analysis

The connected health market is categorized into distinct segments to provide a comprehensive understanding of its structure, growth prospects, and emerging trends. Below is the standard segmentation approach used in most industry reports:

By Product Type:

• M-Health Services:

  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. This segment held the largest connected health market share in 2024.

• M-Health Devices:

  M-Health devices are portable, wearable, or mobile-enabled tools designed to collect, monitor, and transmit health data using wireless technology. These include fitness trackers, smartwatches with health sensors, portable ECG monitors, glucose meters, pulse oximeters, and Bluetooth-enabled medical devices. Integrated with mobile apps or cloud platforms, these devices enable real-time health tracking and seamless data sharing with healthcare professionals.

By Application:

• Monitoring Applications:

  Monitoring applications play a pivotal role in the connected health market, offering real-time insights into patients' health conditions. These applications include remote patient monitoring (RPM), chronic disease management tools, and wearable technologies that track vital signs such as heart rate, blood pressure, glucose levels, and more. By leveraging IoT devices, AI algorithms, and cloud-based platforms, healthcare providers can continuously monitor patients outside traditional clinical settings. This segment held the largest connected health market share in 2024.

• Education and Awareness:

  The education and awareness segment within the connected health market focuses on empowering individuals with knowledge to make informed health decisions. These applications offer users access to accurate, personalized health information through mobile apps, web portals, and interactive platforms.

• Wellness and Prevention:

  The wellness and prevention segment is a rapidly expanding area in the connected health market, aiming to encourage healthier lifestyles and reduce the onset of chronic diseases. This segment includes fitness trackers, dietary apps, mental wellness platforms, sleep monitors, and preventive screening tools.

• Healthcare Management:

  Healthcare management applications are essential tools in the connected health ecosystem, facilitating seamless coordination of care, clinical workflow optimization, and administrative efficiency. These applications support electronic health records (EHRs), patient scheduling, billing, prescription management, and telemedicine consultations.

• Others:

  The others segment in the connected health market comprises a diverse array of emerging and niche applications that do not fall directly under the primary categories. These may include areas such as digital therapeutics, clinical research platforms, medical training simulations, and pharmaceutical compliance tools.

By End User:

• Hospitals and Clinics
• Home Monitoring
• Others

By Geography:

• North America
• Europe
• Asia Pacific
• South & Central America
• Middle East & Africa

The connected health market in Asia Pacific is expected to witness the fastest growth. Rising healthcare demand, mobile adoption, government initiatives, chronic disease burden, and tech innovation drive rapid connected health growth in Asia-Pacific.

Connected Health Market Regional Insights

The regional trends and factors influencing the Connected Health Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Connected Health Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Connected Health Market Report Scope

Connected Health Market Players Density: Understanding Its Impact on Business Dynamics

The Connected Health Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Asia Pacific is expected to grow the fastest in the next few years. Emerging markets in South & Central America, the Middle East & Africa also have many untapped opportunities for connected health providers to expand.

The connected health market grows differently in each region owing to to digital adoption, aging populations, chronic diseases, telehealth demand, and supportive healthcare policies. Below is a summary of market share and trends by region:

1. North America

• Market Share:

  Holds a significant portion of the global market

• Key Drivers:

  • Advanced healthcare infrastructure
  • High adoption of telehealth and wearable tech
  • Strong government and insurance support for digital health.

• Trends:

  Shift toward value-based care and integrated remote monitoring systems.

2. Europe

• Market Share:

  Substantial share owing to early, stringent EU regulations

• Key Drivers:

  • Government-funded digital health initiatives
  • Aging population and chronic disease prevalence
  • Emphasis on data interoperability and patient privacy.

• Trends:

  Expansion of cross-border telemedicine services and digital health collaborations.

3. Asia Pacific

• Market Share:

  Fastest-growing region with dominant market share

• Key Drivers:

  • Rising mobile and internet penetration
  • Growing healthcare demand in populous nations (China, India)
  • Government investments in digital healthcare infrastructure.

• Trends:

  Surge in health tech startups and AI-driven healthcare platforms.

4. Middle East and Africa

• Market Share:

  Although small, it is growing quickly

• Key Drivers:

  • Rising investment in smart healthcare infrastructure
  • Urbanization and increasing digital literacy
  • Healthcare access initiatives in underserved areas.

• Trends:

  Adoption of mobile health solutions to reach remote populations.

5. South & Central America

• Market Share:

  Growing Market with steady progress

• Key Drivers:

  • Expanding telehealth services post-COVID
  • Government support for rural healthcare access
  • Increasing smartphone and wearable usage.

• Trends:

  Growth in mobile-first health platforms for chronic care and wellness management.

Connected Health Market Players Density: Understanding Its Impact on Business Dynamics

High Market Density and Competition

Competition is intense due to the presence of major global players such as Koninklijke Philips, Apple Inc., OMRON Corp., International Business Machines Corp., and Abbott Laboratories. Additionally, regional and specialized providers such as Medtronic Plc (Europe), GE HealthCare Technologies Inc (US), Fitbit LLC (US), Boston Scientific Corp (US), Samsung Electronics Co Ltd (South Korea) further diversify the competitive landscape.

This high level of competition urges companies to stand out by offering:

• Personalized health solutions using AI and big data
• Interoperable platforms that seamlessly integrate with existing healthcare systems
• Enhanced data security and privacy compliance (e.g., HIPAA, GDPR)
• Innovative user experiences through intuitive mobile apps and wearables
• End-to-end care ecosystems, from remote monitoring to virtual consultations.

Opportunities and Strategic Moves

• AI & Data Analytics Integration: Leveraging AI for predictive health insights and personalized care plans.
• Chronic Disease Management: Rising prevalence of diabetes, heart disease, and respiratory conditions requiring continuous monitoring.

Major Companies operating in the Connected Health Market are:

1. Koninklijke Philips (Europe)
2. Apple Inc. (US)
3. OMRON Corp. (Japan)
4. International Business Machines Corp.(US)
5. Abbott Laboratories (US)
6. Medtronic Plc    (Europe)
7. GE HealthCare Technologies Inc (US)
8. Fitbit LLC (US)
9. Boston Scientific Corp (US)
10. Samsung Electronics Co Ltd (South Korea)

Disclaimer: The companies listed above are not ranked in any particular order.

Other companies analysed during the course of research:

1. Babylon Health
2. Amwell
3. Cerner Corporation
4. Allscripts
5. Proteus Digital Health
6. Withings
7. ResMed
8. Garmin Healthcare
9. Livongo Health (now part of Teladoc)
10. Qualcomm Life
11. iRhythm Technologies
12. BioTelemetry (now part of Philips)
13. Health Catalyst
14. Qualcomm Technologies
15. Honeywell Life Care Solutions
16. Cerbo Health
17. DocPlanner
18. Huma (formerly Medopad)
19. Kaiser Permanente
20. ResMed
21. Garmin Healthcare
22. Livongo

Connected Health Market News and Recent Developments

• Philips has announced an expanded partnership with Medtronic, July 2025: 

  Philips has announced an expanded partnership with Medtronic to advance patient monitoring technologies. This multi-year agreement, building on a collaboration started in 1992, will see Philips' patient monitoring systems incorporate Medtronic's Nellcor pulse oximetry, BIS brain monitoring, and Microstream capnography. The goal is to provide a comprehensive, validated, and cybersecure monitoring solution that simplifies procurement and ensures high quality for clinicians, enabling them to focus more on patient care.

• OMRON Healthcare partnered with Tricog Health, April2025:

  OMRON Healthcare, a market leader in home health monitoring solutions, has announced the next phase of its strategic partnership with Tricog Health, a prominent Medtech company specializing in cardiovascular care. Building on their 2023 collaboration to enter the remote heart monitoring and management segment, the two companies are now launching “KeeboHealth” an AI-driven, connected cardiac care platform. This solution is designed to enhance heart failure management by enabling continuous remote monitoring and delivering personalized, data-driven care. The initiative reflects both organizations’ commitment to advancing digital healthcare and improving patient outcomes through innovative, technology-enabled solutions.

Connected Health Market Report Coverage and Deliverables

The "Connected Health Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

• Connected health market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Connected health market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Connected health market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the connected health market
• Detailed company profiles