Global Connected Health Device Market Size By Product, By End Use, By Geographic Scope And Forecast

Connected Health Device Market Size And Forecast

Connected Health Device Market size was valued at USD 23.95 Billion in 2024 and is projected to reach USD 94.75 Billion by 2032, growing at a CAGR of 20.69% from 2026 to 2032.

The Global Connected Health Device Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Connected Health Device Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

What are Connected Health Devices?

Connected health device refers to a technology used to take care of the patient as efficiently and proactively as possible. The approach has the potential to empower patients, clinicians, and healthcare planners. These devices are helping to change the lives of thousands of patients, some most popular examples of health-connected devices are Self-monitored ECG, Adheretech's smart wireless pill bottle, intelligent asthma management, and health patch MD, among others.

Global Connected Health Device Market Outlook

In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The market is at the initial stage. The global healthcare industry is facing drastic changes and challenges, these can be effectively managed by an effective application of connected health devices. With the assistance of these devices, patients with chronic diseases can be significantly benefitted, improved treatment, diagnostics, and drug management is possible, and decreased cost. Connected health and digital health tools have the power to enhance patient engagement, patient access to care, and patient empowerment. The benefits of connected health are beyond logistical factors. The analysis shows positive growth in the coming forecast, patients are asking for connected health more and more as tools increase their access to care.

A growing aging population with chronic disease coupled with the digital revolution is driving the market growth. The driving element is the acquisition of health-related data from the patient in the appropriate context. There has been an exponential increase in research in this field in recent years. There are a bunch of challenges for the market. Difficulty in utilizing technological innovations is a major challenge for the market. This is owing to a lack of understanding as to how technology can be applied to provide relevant information that will drive efficient healthcare. To ensure this clinical and research communities are working closely to unlock the potential that exists. With connected health, patient care is entering a new phase of centricity. Patients are becoming more and more engaged in their health which creates opportunities.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interest the client. The "Global Connected Health Device Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global Connected Health Device Market: Segmentation Analysis

The Global Connected Health Device Market is segmented based on Product, End Use, and Geography.

Connected Health Device Market, By Product

• Connected Health Personal Medical Devices
• Connected Health Wellness Devices
• Based on Product, the market is bifurcated into Connected Health Personal Medical Devices, Connected Health Wellness Devices

Connected Health Device Market, By End Use

• Hospitals/Clinic
• Home Monitoring
• Based on End Use, the market is bifurcated into Hospitals/Clinic, Home Monitoring
• Connected Health Device Market Geography
• North America
• Europe
• Asia Pacific
• Rest of the World

Based on Geography, the Connected Health Device Market is classified into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players

The "Global Connected Health Device Market" study report will provide valuable insight with an emphasis on the global market including some of the major players such as Apple Inc., Medtronics, Fitbit, Omron, Philips Healthcare Company, Omron Healthcare, Inc., GE Healthcare, Inc., McKesson Corporation, Masimo Corporation, and St. Jude Medical, Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.