Healthcare Connected Devices Market to Grow with a CAGR of 15.10% through 2030F

Increasing use of personalized healthcare solutions, and a growing emphasis on active patient engagement and improving patient outcomes is expected to drive the Global Healthcare Connected Devices Market growth in the forecast period, 2026-2030.

According to TechSci Research report, “Healthcare Connected Devices Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Healthcare Connected Devices Market stood at USD 45.20 billion in 2024 and is anticipated to grow with a CAGR of 15.10% in the forecast period. Healthcare Connected Devices offer numerous opportunities for healthcare providers to remotely monitor patients and individuals to self-monitor. Consequently, the wide array of Healthcare Connected Devices presents both benefits and challenges for healthcare providers and patients. Remote patient monitoring represents the primary application of Healthcare Connected Devices. These devices can gather vital patient health information, including pulse rate, blood pressure, temperature, and more, without the need for physical presence in a healthcare facility. This eliminates the necessity for patients to travel to clinicians or collect data themselves. A diverse range of small and wearable Healthcare Connected Devices for heart rate monitoring are now readily available, empowering patients and healthcare professionals to effectively monitor their health.

The Healthcare Connected Devices Market is experiencing robust growth primarily due to the increasing integration of the internet in healthcare functions. The internet is utilized in smartphones, tablets, and wearable devices to facilitate wireless transfer, storage, and display of clinical data. The market is being driven by the rising demand for affordable internet solutions in healthcare operations, as well as the improvement of diagnostics, patient experience, and disease management with reduced errors. The adoption of wearable technology for precise capturing, monitoring, and analysis of physiological data to enhance health and healthcare outcomes is contributing to market growth. There is a growing shift towards predictive healthcare, which has led to increased demand for IoT-enabled wearable devices for monitoring patient health in home care settings.

Telehealth has offered several benefits during the pandemic, including increased access to healthcare, reduced risk of infection through limited exposure to medical professionals, and preservation of scarce supplies of personal protective equipment. The expanding technological landscape in the healthcare sector is promoting the utilization of AI, Machine Learning, and Deep Learning in the medical field to accurately address the needs of healthcare professionals.

The population and economies of emerging nations like India and China are expected to present strong opportunities for the health connected device industry. The development of innovative products with a focus on enhancing patient comfort is anticipated to offer significant potential for the connected health devices industry. The increasing popularity of wireless technologies, including cloud-based technologies and Bluetooth, represent some of the latest advancements in the global connected health devices industry. Businesses are placing greater emphasis on efficient Research and Development (R&D) of new products. However, the global connected health device market growth is significantly hindered by several unfavorable factors. Uncertainty surrounding the availability of traditional techniques and reluctance of individuals to adopt contemporary health devices are two major challenges limiting the global connected health devices industry. 

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The Global Healthcare Connected Devices Market is segmented into product, application, end user, regional distribution, and company.

Based on application, Remote monitoring is emerging as the fastest growing segment in the Healthcare Connected Devices market. This growth is primarily driven by the increasing demand for remote patient monitoring solutions amid a rising aging population and the growing prevalence of chronic diseases. Wearable devices and home monitoring systems that enable real-time health tracking are rapidly gaining traction for their ability to improve patient outcomes while simultaneously reducing healthcare costs. The widespread adoption of wireless communication technologies like Bluetooth and Wi-Fi has further accelerated the integration of medical devices with digital networks. This seamless connectivity has paved the way for innovative remote monitoring solutions that offer continuous, real-time analysis of patient data. As healthcare systems worldwide shift towards more proactive and patient-centric care models, the remote monitoring segment is set to witness substantial expansion in the coming years.

Based on region, Asia-Pacific is experiencing rapid growth in the connected healthcare market due to several key factors. The region’s large and aging population, combined with the rising prevalence of chronic diseases such as diabetes, cardiovascular conditions, and respiratory illnesses, is driving demand for advanced healthcare solutions. Governments across countries like China, India, Japan, and South Korea are increasingly investing in healthcare digitization, telemedicine infrastructure, and mobile health technologies to expand access, especially in remote and underserved areas. The widespread adoption of smartphones, improved internet connectivity, and the growing use of wearable devices support the expansion of connected healthcare services. The region also benefits from a burgeoning middle class, increased healthcare awareness, and rising disposable incomes, which boost consumer willingness to adopt digital health tools. Local technology companies and startups are further fueling innovation, offering cost-effective, scalable solutions. These combined factors position Asia-Pacific as a rapidly expanding and increasingly dominant player in the global connected healthcare market.

Major companies operating in Global Healthcare Connected Devices Market are:

• McKesson Corporation
• Medtronic Plc
• GE Healthcare, Inc.
• Omron Healthcare, Inc.
• Draeger Medical Systems, Inc.
• Fitbit, Inc.
• Apple, Inc.
• Microlife Corporation
• Aerotel Medical Systems Ltd.
• Jude Medical, Inc.

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“The global Healthcare Connected Devices market has experienced significant growth due to increasing government initiatives to promote automation in healthcare, a growing need for cost-cutting in the healthcare system, and a heightened focus on active patient engagement and improving patient outcomes. With the rising number of individuals with chronic illnesses, the demand for disease management and continuous patient monitoring tools has also increased, leading to a surge in the demand for Healthcare Connected Devices. These devices, which are integrated with electronic patient records, provide critical health information access during treatment”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Healthcare Connected Devices Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Heart Rate Monitor, Smart Pill Dispenser, Portable GPS PERS, Insulin Pump, Pulse Oximeter, ECG Monitoring Devices, Glucose Monitor, BP Monitor, Others), By Application (Remote Monitoring, Treatment Services, Fitness, Consultation and Diagnosis Services, Wellness Services), By End-User (Hospitals, Specialty Clinics, Home Care Settings/Monitoring, Ambulatory Surgical Centers, Others), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global Healthcare Connected Devices Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Healthcare Connected Devices Market..

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