Connected Health Market Report: Size, Share and Outlook by 2031

The connected health market size was valued at US$ 79.11 billion in 2024 and is expected to reach US$ 421.60 billion by 2031; it is estimated to record a CAGR of 27.2% from 2025 to 2031.

The connected health market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific dominated the market in 2024, followed by North America and Europe, respectively.

The region's diverse healthcare landscape, with urban centers and remote rural areas, creates a unique environment where connected health solutions can bridge gaps in care delivery. Digital health technologies such as telemedicine, remote patient monitoring, and mobile health applications enable healthcare providers to extend services beyond traditional clinical settings. In late 2023, Argentina's federal government officially endorsed a comprehensive digital health strategy establishing interoperable systems, electronic health records, e-prescriptions, remote consultations, and online appointment scheduling.

The rising prevalence of chronic diseases, such as diabetes and cardiovascular conditions, is pushing healthcare systems to adopt more efficient, patient-centered approaches. Connected health tools allow continuous monitoring and early intervention, crucial for managing long-term health conditions. The growing smartphone and internet penetration rate across the region facilitates the adoption of mobile health platforms and remote consultations. Improved telecommunications infrastructure, particularly in Brazil, Mexico, and Chile, supports the scalability of digital health solutions.

connected health market future trend: The connected healthcare market is undergoing a transformative evolution, largely driven by the rise of smart hospitals and the integration of edge computing technologies. Smart hospitals represent the next frontier in healthcare delivery, utilizing interconnected devices, IoT sensors, and advanced data analytics to enhance patient care, operational efficiency, and clinical outcomes. By embedding digital technologies into hospital infrastructure, smart hospitals enable real-time monitoring of patient vitals, predictive maintenance of medical equipment, and seamless communication between healthcare providers and patients. This shift not only improves the quality of care but also reduces hospital readmissions and operational costs.

Edge computing plays a pivotal role in powering these smart hospitals by processing data closer to the source - within the hospital premises or nearby network nodes - rather than relying solely on centralized cloud servers. This localized data processing minimizes latency, enhances data security, and ensures faster decision-making, critical in medical emergencies. For example, real-time analysis of medical imaging or continuous monitoring data can be processed at the edge, allowing clinicians to respond instantly without delays caused by network congestion or cloud processing times. Several real-world instances underscore this trend. The Cleveland Clinic has integrated edge computing within its smart hospital framework to enhance patient monitoring and streamline workflows. Similarly, Mayo Clinic's deployment of edge-enabled IoT devices facilitates continuous patient data analysis, which supports proactive care delivery and early detection of complications. These examples highlight how smart hospitals, supported by edge computing, are redefining healthcare by creating a more connected, responsive, and efficient ecosystem.

Koninklijke Philips, Apple Inc., OMRON Corp., International Business Machines Corp., Abbott Laboratories, Medtronic Plc, GE HealthCare Technologies Inc., Fitbit LLC, Boston Scientific Corp, and Samsung Electronics Co., Ltd are among the key players profiled during this market study. Several other essential market players were also studied and analyzed to get a holistic view of the global connected health market and its ecosystem.

The overall connected health market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the connected health market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the connected health market.