Connected healthcare market driven by increasing usage of internet in developed and developing countries and growing government expenditure on the healthcare sector.Connected Healthcare Market was valued at US$ 125.4 billion in 2024 and is projected to grow at a CAGR of 38.8% to reach US$ 3339.0 billion by 2034.

The report “Connected Healthcare Market, By Function (Telemedicine, Home Monitoring, Assisted Living, and Clinical Monitoring), By Type (e-Prescription, mHealth Services, and mHealth Devices), By Application (Diagnosis & Treatment, Monitoring Applications, Education & Awareness, Wellness & Prevention, Healthcare Management, and Others), and Region - Global Forecast to 2034" 

Key Highlights:

• In January 2018, GE Healthcare has partnered with UE Lifesciences, a start-up, to come up with a handheld device that detects breast cancer.
• In November 2018, Medtronic, plc., along with Nutrino, announced that the companies have entered into a definitive agreement, under which Medtronic will acquire Nutrino. The companies recognized this as an opportunity to enhance clinical outcomes for people with diabetes by integrating Nutrino's extensive food analysis infrastructure, nutrition science expertise, and artificial intelligence (AI)-driven personalized insights with Medtronic's technology and future innovations.

Key Market Insights from the report:          

Connected Healthcare Market was valued at US$ 125.4 billion in 2024 and is projected to grow at a CAGR of 38.8% to reach US$ 3339.0 billion by 2034. The market report has been segmented on the basis of function, type, application and region.

• By function, the global connected healthcare market is segmented into telemedicine, home monitoring, assisted living, and clinical monitoring.
• By type, mHealth services segment holds the maximum share in global connected healthcare market due to its wide applications.
• By application, the global connected healthcare market is segmented into diagnosis & treatment, monitoring applications, education & awareness, wellness & prevention, healthcare management, and others.
• By region, the market in North America account significant share in global connected healthcare market in terms of revenue over the forecast period. This is owing to well-developed healthcare sector, well developed internet infrastructure and presence of major players operating in the countries in this region.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Connected Healthcare Market, By Function (Telemedicine, Home Monitoring, Assisted Living, and Clinical Monitoring), By Type (e-Prescription, mHealth Services, and mHealth Devices), By Application (Diagnosis & Treatment, Monitoring Applications, Education & Awareness, Wellness & Prevention, Healthcare Management, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - forecast till 2034"

The prominent players operating in the global connected healthcare market include Accenture Plc, IBM Corporation, SAP SE, GE Healthcare Inc., Oracle Corporation, Microsoft Corporation, AirStrip Technologies Inc., Medtronic, Inc., Allscripts Healthcare Solutions, Inc., and Boston Scientific Corporation.

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