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)- Trends, Analysis and Forecast till 2034

Connected Healthcare Market was valued at USD 125.4 Billion in 2024 and is projected to grow at a CAGR of 38.8% to reach USD 3339.0 Billion by 2034.

Connected health deals with socio-technical model for healthcare management system. Connected health aims to maximize the healthcare resources and provides increased and flexible opportunities for the consumers in order to engage with clinicians. It is also known as technology enabled care (TEC). Connected healthcare uses readily available consumer technologies to deliver patient care outside of the hospital or doctor's office. It includes programs in telehealth, remote care (such as home care), and disease and lifestyle management.

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Increasing government expenditure on the healthcare sector

Increasing government expenditure on the healthcare sector in order to facilitate various healthcare services is the major factor driving growth of the global connected healthcare market. For instance, according to data published by WHO (World Health Care Organization) on February 2019 -middle-income countries health spending is growing on average of around 6% annually and by 4% in high-income countries. In addition, rising patient centric approach and increasing adoption of various healthcare connected devices among patients are other factors expected to fuel growth of the global market over the forecast period. However, risk associated to data loss and lack of security standards is some major factors anticipated to restrain growth of the target market.

The connected healthcare market report segments the market on the basis of function, type, application, and region.

On the basis of Function, the Global Connected Healthcare Market is segmented into Telemedicine, Home Monitoring, Assisted Living, and Clinical Monitoring. On the basis of Type, the target market is segmented into e-Prescription, mHealth Services, and mHealth Devices. Based on Application the market is segmented into Diagnosis & Treatment, Monitoring Applications, Education & Awareness, Wellness & Prevention, Healthcare Management, and Others.

Connected Healthcare Market Regional Insights

On region the Connected Healthcare Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America will dominate with a significant profit from the connected health market due to growing older population and the big number of important industry players. Rapid technical advancements have resulted in a well-developed healthcare and internet infrastructure in the region. The presence of major pharmaceutical companies has bolstered the efficiency of connected health solution distribution channels. Other factors supporting regional growth include an increasing appetite for healthcare items and an increase in the number of mobile applications focusing on wellness and wellbeing.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Connected Healthcare Market report based on Function, Type, Application and Region:

Connected Healthcare Market, By Region:

• North America
  • U.S.
    • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

Key players in the connected healthcare market includes, 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.

• Accenture Plc
• IBM Corporation
• SAP SE
• GE Healthcare Inc.
• Oracle Corporation
• Microsoft Corporation
• AirStrip Technologies Inc.
• Medtronic, Inc.
• Allscripts Healthcare Solutions, Inc.
• Boston Scientific Corporation