Global Connected Healthcare Market By Overview
Introduction:
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.
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.
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Global Connected Healthcare Market By Dynamics
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.
Global Connected Healthcare Market By Segmentation
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.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
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:
|
Attribute |
Details |
|
Market Size 2024 |
US$ 125.4 billion |
|
Projected Market Size 2034 |
US$ 3339.0 billion |
|
CAGR Growth Rate |
38.8% |
|
Base year for estimation |
2023 |
|
Forecast period |
2024 – 2034 |
|
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
|
Market Segmentation |
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 |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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
-
- U.S.
Global Connected Healthcare Market By Key Players
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.
Global Connected Healthcare Market By Company Profile
- Accenture Plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- IBM Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SAP SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- GE Healthcare Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Oracle Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Microsoft Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- AirStrip Technologies Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Medtronic, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Allscripts Healthcare Solutions, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Boston Scientific Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Connected Healthcare Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Connected Healthcare Strategies
- Key Questions this Study will Answer
- Market Snippet, By Function
- Market Snippet, By Type
- Market Snippet, By Application
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Connected Healthcare Market, By Function, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Telemedicine
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Home Monitoring
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Assisted Living
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Clinical Monitoring
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Connected Healthcare Market, By Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- e-prescription
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- m-health Services
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- M-health Devices
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Connected Healthcare Market, By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Diagnosis & Treatment
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Monitoring Applications
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Education & Awareness
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Wellness & Prevention
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Healthcare Management
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Connected Healthcare Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Function, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Function, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Function, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Function, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Function, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Accenture Plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- IBM Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SAP SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- GE Healthcare Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Oracle Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Microsoft Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- AirStrip Technologies Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Medtronic, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Allscripts Healthcare Solutions, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Boston Scientific Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
-
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Connected Healthcare Market is segmented based on Function, Type, and Application & Region.
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.
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.
Key players in the global 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.