Connected Healthcare Market Size & Outlook, 2025-2033

Connected Healthcare Market Overview

The global connected healthcare market size was valued at USD 45.45 billion in 2024 and is anticipated to grow from USD 61.76 billion in 2025 to reach USD 1239.96 billion in 2033, growing at a CAGR of 27.6% during the forecast period (2025–2033). The surge in personalized healthcare solutions, rapid adoption of wearables, and increasing reliance on digital health platforms are fueling market growth.

Key Market Indicators

• North America dominated the connected healthcare industry and accounted for a 40.1% share in 2024, driven by technology, insurance, smartphones, wearables, internet access, strong healthcare, and reliable M-health.
• Based on type, the M-health services held the largest share of approximately 46.25% of the market in 2024, driven by rising health issues.
• Based on application, the market includes diagnosis, monitoring, management, wellness, education, and others. Monitoring leads, driven by wearables, innovation, aging population, and remote care.

Market Size & Forecast

• 2024 Market Size: USD 45.45 billion
• 2033 Projected Market Size: USD 1239.96 billion
• CAGR (2025–2033): 27.6%
• Largest market in 2024 : North America
• Fastest-growing region : Europe

Connected healthcare refers to a social and technological approach to healthcare delivery and management. The gadget uses cellular networks and technology to deliver healthcare. It helps doctors keep tabs on their patient's health and track treatment progress. Cancer, heart disease, diabetes, and neurological disorders are all on the rise worldwide, driving up the need for real-time connected healthcare models that can keep tabs on these conditions. Several companies have responded by pouring significant resources into the research and development of cutting-edge health and wellness monitoring devices. Governments and major players are also making strenuous efforts to inform patients about diseases, their symptoms, and their impacts on daily life.

To get more insights about this report Download Free Sample Report

Market Growth Factor

Personalized Healthcare Solutions

With the advancement of technologies based on recent discoveries in genomics, behavioral sciences, diagnostics, and clinical medicine, personalized healthcare can offer answers to persistent health issues and a wide range of lifestyle diseases. Roche demonstrated a remote patient monitoring system to help doctors keep tabs on diabetic patients even when they aren't physically in the hospital. Further, businesses worldwide have come to appreciate the potential of individualized healthcare solutions to boost personnel competence and financial returns. McKinsey claims that unusual things have been happening in the market, such as a rise in the amount of venture capital invested. As a result, the connected healthcare market is expanding faster than it would be without such individualized healthcare solutions and company funding.

Market Restraint

High-Capital Expenditure and Technological Barriers

Despite the vast opportunity presented by connected healthcare products and services, the market is being held back by technical and infrastructure hurdles. Among the most significant factors holding back the market is the high price of implementing the infrastructure required for continuous monitoring of healthcare metrics in real-time. More importantly, many developing countries need to catch up in adopting these technologies & products despite the rising popularity of products like M-Health apps due to issues regarding the availability of high-speed internet with high bandwidth, storage integration, and data transmission.

Market Opportunity

Enabling Technologies Driving Connected Healthcare

The connected healthcare market is being transformed by the convergence of AI, IoT, 5G, and advanced analytics, which together enable more seamless, data-driven, and patient-centric care. AI supports clinical decision-making, predictive diagnostics, and virtual assistants to enhance patient engagement, while IoT wearables and sensors continuously capture real-time health data and expand home-based care.

• For instance, in September 2025 Withings ScanWatch 2 was launched. This smartwatch employs predictive AI and monitors over 35 health metrics enhancing activity, sleep, respiratory tracking, and long battery life. Its new Vitality Indicator offers fatigue and energy insights by aggregating heart-rate variability, temperature, oxygen levels, and more

The rollout of 5G ensures low-latency, high-speed connectivity for remote monitoring, telemedicine, and large-scale IoT integration, and advanced analytics turns vast health datasets into insights for population health management, personalized medicine, and operational efficiency. Collectively, these technologies are shifting healthcare delivery away from episodic, hospital-centered care toward continuous, preventive, and home-based models, creating vast opportunities for companies to innovate in devices, platforms, and services.

Regional Analysis

In 2024, North America led the connected healthcare market with a 40.1% share and is projected to remain the largest contributor, growing steadily during the forecast period. Several factors, including rapid technological advancements, rising costs, widespread use of smartphones, wearables, and medical devices, robust government backing, and the proliferation of private companies offering health and medical insurance, are responsible for this trend. The region's established healthcare system, complete with cutting-edge diagnostic tools, is expected to fuel expansion in the region's healthcare technology market. Smartphones, wearables, and medical devices are all seeing increased sales thanks to the widespread availability of high-speed internet. When a medical emergency arises, the area's M-health service providers are reliable and quick to respond.

• For instance, North American M-health service providers have handled the coronavirus outbreak well.

Europe Market Trends

Europe is expected to grow during the forecast period. The presence of high-earning countries like the United Kingdom, Germany, France, Italy, Russia, and Ireland lends credibility to the region. The National Health Service (NHS) in the United Kingdom has created a solid foundation for the growing market, which is forecast to be the continent's most lucrative sector. In addition, Europe is supported by a robust manufacturing sector that is hard at work in creating cutting-edge medical and wearable technology. The leading pharmaceutical companies' presence in the area gives the region a leg up in establishing an effective distribution network for connected healthcare products. Additionally, there is an increasing number of people in this region who are 65 and up.

Asia Pacific Market Trends

The digital health service market is projected to expand rapidly in Asia Pacific. It is expected that the governments of India, Japan, and China will provide the lion's share of funding for expanding the connected healthcare market. Growth in the Asia-Pacific region is expected to be stimulated by several factors, including an increase in the number of people using wearable devices, an increase in the number of people using smartphones, and an increase in government spending on healthcare. Additionally, the region's low cost of M-health devices and M-health services is driving increased demand.

Latin America Market Trends

The market for digital health services in Latin America is increasing. Market leaders and new entrants in the connected healthcare industry are taking notice of the rapid healthcare revolution in Brazil, Argentina, and Peru. A similar trend can be seen in Central American countries like Panama and Peru, with a thriving medical tourism industry expected to fuel market expansion. There has been a surge in urbanization, disposable income, and awareness of telemedicine in the area. The aging population and the high rate of chronic disease in the region are both factors in the rising value of the connected healthcare market in the region.

Type Insights

In 2024, M-health services accounted for the largest market share at 46.25%. The market is bifurcated into M-health services, M-health devices, and E-prescription. The M-health services segment is the highest contributor to the market and is expected to grow during the forecast period. This is because mental and physical health issues, such as anxiety, depression, and cardiovascular disease, are rising due to modern life's pressures. Each network and services/mobile operator, mobile health apps and content solutions, and healthcare providers and pharmaceuticals constitute a subset of the M-health services market.

The mobile health apps and content solution market currently leads the M-health market. A sizable percentage of M-health services are forecasted to come from the network and services/mobile operators market. Finally, we divide the mobile health app and content solution markets into the big data and software sub-segments.

Application Insights

The market is bifurcated into diagnosis and treatment, monitoring applications, healthcare & management, wellness & prevention, education & awareness, and others. The monitoring applications segment is the highest contributor to the market and is expected to grow during the forecast period. As the market for wearable and medical devices grows, the monitoring applications sub-segment is projected to take the lead.

Further fueling the expansion of this market segment is that makers of wearable and medical devices are constantly innovating new and better products to attract a more extensive customer base. Numerous clinics, hospitals, and healthcare professionals are adopting remote patient monitoring and other monitoring systems, which bodes well for the growth of the monitoring sector in the coming years. The global increase in the elderly population and the widespread use of wearable remote monitoring devices are key factors propelling the monitoring industry.

List of key players in Connected Healthcare Market

1. Airstrip Technologies
2. Agamatrix INC.
3. Apple Inc.
4. Alivecor Inc.
5. Boston Scientific Corporation
6. Allscripts
7. Honeywell Lifecare Solutions
8. GE Healthcare
9. Cerner
10. Persistent Systems
11. Athenahealth
12. Microsoft
13. Medtronic
14. Sanofi
15. Qualcomm
16. Koninklijke Philips NV
17. Vivify Health INC.
18. Sanofi

To get more findings about this report Download Market Share

Recent Developments

• In September 2025 : Reveal HealthTech, an AI healthcare company based in Bengaluru, has secured $7.2 million in a Series A funding round to expand its AI-driven healthcare solutions. This investment aims to enhance healthtech capabilities through artificial intelligence.
• In September 2025 : the National Health Service (NHS) is developing a cloud-based screening platform, AIR-SP, to accelerate the diagnosis of chronic conditions like cancer and diabetes. This platform integrates AI tools across NHS trusts, enabling centralized access to diagnostic technologies and facilitating large-scale studies, such as a trial involving 700,000 women to test AI's accuracy in reading mammograms.
• In August 2025 : the European Union has implemented the EHDS regulation to provide EU citizens better control over their personal health data and ensure that various actors can apply for access to health data for secondary purposes.
• In June 2025 : U.S. Health Secretary Robert F. Kennedy Jr. announced plans for the Department of Health and Human Services (HHS) to launch an advertising campaign promoting the use of wearable health monitoring devices which track heart rate and blood glucose levels. The initiative aims to encourage widespread adoption of wearables as part of the "Making America Healthy Again" (MAHA) agenda.
• In March 2025 : Aster DM Healthcare in Dubai is implemented the "Chronic Care@home" program, which involves remote monitoring of patients' health metrics using connected devices. This initiative allows healthcare providers to analyze patient data in real-time and intervene proactively when necessary.