According to our latest study on "Connected Health Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Product Type, Application, End User," 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 Asia Pacific connected health market is segmented into Australia, India, China, South Korea, Japan, and the Rest of Asia Pacific. Increasing urbanization combined with a growing middle class has heightened demand for accessible and efficient healthcare services, encouraging the adoption of digital health solutions. The region's diverse healthcare infrastructure, ranging from advanced systems in Japan and South Korea to developing networks in Southeast Asia, is integrating connected health technologies to improve care delivery and patient outcomes. In March 2023, Japan's Ministry of Health, Labour and Welfare released updated guidelines that qualify software as a medical device (SaMD), helping pave the way for innovative healthcare software deployment.

The widespread adoption of smartphones and internet connectivity, even in remote and rural areas, has laid the foundation for mobile health applications, remote monitoring devices, and telehealth services to flourish. Additionally, government initiatives promote digital healthcare transformation and health IT infrastructure development. Governments are investing in national e-health policies and frameworks that encourage using connected devices and platforms to address healthcare accessibility challenges and reduce system inefficiencies. India launched a comprehensive Medical Device Policy 2023 and introduced the new Drug, Medical Device, and Cosmetic Bill in 2023. These efforts aim to streamline regulatory processes, promote transparency via digitalization, and encourage innovation in medtech in the country.

Germany is witnessing increased adoption of telemedicine, remote monitoring, and digital health applications, supported by a growing demand for efficient, patient-centric care. Key factors influencing market growth include an aging population, a rise in chronic diseases, and a strong push for healthcare digitization through national e-health strategies. The introduction of electronic health records and the Digital Healthcare Act (DVG) has accelerated innovation. Germany's robust medical technology sector and emphasis on data security and interoperability have fostered trust in connected health solutions. Collaboration between tech companies, insurers, and healthcare providers is enhancing the integration of digital tools into care delivery. In December 2023, the German Bundestag passed two pivotal laws: the Digital Act (DigiG) and the Health Data Use Act (GDNG), both enacted on March 26, 2024, to promote digital healthcare solutions (such as electronic patient records and prescriptions) and improved health data usage for research.

Italy's aging population and rising chronic disease prevalence are fueling the adoption of connected health tools. The healthcare system integrates digital platforms to enhance accessibility and efficiency, supported by government initiatives promoting innovation in healthcare delivery. Additionally, advancements in telecommunications infrastructure and widespread smartphone use facilitate the expansion of connected health services across urban and rural areas. Collaboration between healthcare providers, technology companies, and policymakers accelerates market growth, as Italy embraces smart healthcare solutions to reduce costs and improve patient outcomes. Italy's connected health market reflects a strong shift toward digitization, focusing on personalized, patient-centered care. On April 17, 2025, the Ministry of Health announced that 500 million (US$ 581 million) more had been allocated (via PNRR rebalancing) to boost telemedicine and home care actions, raising the target to assist over 300,000 people via telemedicine by 2025.

Key Findings of Connected Health Market Study:

The connected health market is segmented into type, application, and end user. Based on type, the global connected health market is segmented into m-health services and m-health devices. The m-health devices segment held the largest share of the connected health market in 2024. By application, is segmented into monitoring applications, diagnosis and treatment, wellness and prevention, healthcare management, and others. The diagnosis and treatment segment held the largest share of the connected health market in 2024. By geography, the connected health market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America.

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 in the connected health market report. Several other major players were studied and analyzed during the connected health market analysis to get a holistic view of the market and its ecosystem. The connected health market also provides detailed market insights, which help the key players strategize their growth. The report includes growth prospects owing to the current connected health market trends and their foreseeable impact during the forecast period.

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