Connected Healthcare Devices Market - By Technology, By Application, By Component, By End Use - Global Forecast, 2025-2034

Connected Healthcare Devices Market Size

The global connected healthcare devices market was valued at USD 66.6 billion in 2024. The market is expected to grow from USD 77.8 billion in 2025 to USD 336.8 billion in 2034, at a CAGR of 17.7% during the forecast period, according to the latest report published by Global Market Insights Inc. This growth is attributed to the increasing global burden of chronic diseases such as diabetes, hypertension, and cardiovascular conditions is a major driver of connected healthcare devices.

These conditions require continuous monitoring, which connected devices like glucose meters, ECG patches, and blood pressure monitors can provide remotely. In addition, rapid innovation in sensor technology, artificial intelligence (AI), and Internet of Things (IoT) have transformed connected healthcare devices, that further contributes to market growth. According to the U.S. Department of Health and Human Services, IoT-enabled healthcare devices increased by 45% between 2021-2023, with AI-integrated medical devices receiving 510(k) FDA clearance rising from 115 in 2021 to 168 in 2023. The National Institutes of Health reported a 38% increase in sensor-based medical device patents filed between 2021-2024.
 

The expansion of telehealth services has significantly boosted the use of connected healthcare devices. Remote patient monitoring devices allow clinicians to track vital signs and health metrics outside traditional clinical settings. This improves access to care, especially in rural areas, and reduces healthcare costs by minimizing hospital and emergency visits.
 

Connected healthcare devices are medical devices that can transmit and receive data over the internet or other secure networks, unlike traditional devices that operate in isolation. Major players in the industry are Medtronic, Abbott Laboratories, GE Healthcare, and Koninklijke Philips. These players dominated the market by adopting various strategies such as product expansion and establishing global distribution networks.
 

Connected healthcare devices market has witnessed steady growth, growing from USD 38.9 billion in 2021 to USD 55.6 billion in 2023. The integration of artificial intelligence (AI) and machine learning (ML) into connected healthcare devices is revolutionizing diagnostics and patient monitoring. These technologies enable real-time analysis of vast health datasets, allowing for early detection of anomalies, predictive maintenance of devices, and personalized treatment recommendations. For instance, AI-powered glucose monitors and ECG wearables can alert users and clinicians to potential health risks before symptoms appear, significantly improving outcomes and reducing emergency interventions.
 

Additionally, there is a growing emphasis on preventive healthcare and self-monitoring, driven by consumer demand and healthcare system efficiency. Connected devices like smartwatches, fitness bands, and home diagnostic kits allow users to track vital signs and detect early warning signs of illness. This shift reduces the burden on hospitals and supports aging-in-place strategies, particularly important in regions with aging populations.
 

Connected Healthcare Devices Market Trends

• The market experiencing dynamic transformation driven by the increasing elderly demographic that raises the demand for remote monitoring and chronic disease management tools, especially in developed economies.
   
• Moreover, the rising cases of diabetes, cardiovascular diseases, and respiratory conditions are pushing healthcare systems toward continuous monitoring and early intervention. According to the World Health Organization (WHO), in 2021, approximately 537 million adults (20-79 years) were living with diabetes, and this number is projected to rise to 643 million by end of 2025. The WHO also reported that cardiovascular diseases caused 18.6 million deaths globally in 2021, while chronic respiratory diseases affected 544.9 million people worldwide in the same year.
   
• Governments are investing in digital infrastructure, and public-private partnerships are emerging to support connected care ecosystems. These macroeconomic and demographic shifts are creating a strong foundation for the growth of connected healthcare devices globally.
   
• Further, on a granular level, consumer health awareness is rising, with individuals actively tracking their wellness through wearables and mobile apps. Healthcare providers are adopting hybrid care models, blending in-person and virtual services. There's also a growing focus on interoperability, as providers seek seamless integration of device data with electronic health records (EHRs).
   
• Additionally, data-driven preventive care is gaining traction, with connected devices enabling early detection and lifestyle interventions, especially in urban and tech-savvy populations.
   
• The integration of artificial intelligence and machine learning in connected healthcare devices enables predictive analytics, anomaly detection, and personalized care recommendations. According to the National Institutes of Health (NIH) data from 2023, AI-enabled healthcare devices demonstrated a 42% improvement in early disease detection rates. The adoption of 5G networks and edge computing facilitates real-time data transmission, which supports remote diagnostics and emergency care services.
   
• The U.S. Department of Health and Human Services reported that in 2022, healthcare facilities using 5G-enabled devices reduced emergency response times by 35% compared to traditional systems.
   
• Lastly, the adoption of connected healthcare devices has shown significant growth according to government data. The connected healthcare devices have evolved from basic monitoring tools to integrated systems that track multiple vital signs, including heart rate, SpO?, glucose, and temperature.
   
• The incorporation of artificial intelligence enables automated alerts and clinical decision support, while integration with mobile applications and cloud platforms enhances data sharing capabilities.
   

Connected Healthcare Devices Market Analysis

Based on technology, the connected healthcare devices market is divided into Wi-Fi, Bluetooth low energy (BLE), near-field communication (NFC), Zigbee and cellular. The Zigbee segment accounted for 31% of the market in 2024. The segment is expected to exceed USD 100.9 billion by 2034, growing at a CAGR of 17.3% during the forecast period.
 

• Zigbee’s ultra-low power requirements make it ideal for battery-operated healthcare devices such as wearables, sensors, and remote monitoring tools. This allows for extended device usage without frequent recharging, which is crucial for continuous patient monitoring. Its energy efficiency supports long-term deployment in both clinical and home settings, reducing maintenance and improving patient compliance.
   
• Zigbee offers built-in security features like AES-128 encryption, ensuring safe transmission of sensitive health data. It also supports interoperability with other healthcare platforms and standards, allowing seamless integration with electronic health records (EHRs), telemedicine systems, and cloud-based analytics. This enhances data accessibility and supports coordinated care across multiple stakeholders.
   
• Further, Bluetooth Low Energy (BLE) segment is expected to grow with the fastest CAGR of 18.2% during the analysis period. Compared to traditional Bluetooth and other wireless protocols, BLE offers a more affordable solution for healthcare IoT applications.
   
• Its low hardware and operational costs make it suitable for large-scale deployments in hospitals, clinics, and homecare environments. This affordability is especially beneficial in emerging markets and budget-sensitive healthcare systems.
   

Based on the application, the connected healthcare devices market is segmented into remote patient monitoring, clinical diagnostics, therapeutics and other applications. The remote patient monitoring segment dominated the market in 2024 with a revenue of USD 35 billion.
 

• Innovations in wearable devices, biosensors, and IoT connectivity have made RPM systems more accurate, user-friendly, and accessible. Devices now offer real-time monitoring of multiple vitals, integration with mobile apps, and cloud-based analytics. These advancements enhance patient engagement and allow healthcare providers to make data-driven decisions remotely, contributing to the sustained growth of the remote patient monitoring segment.
   
• In addition, government agencies and insurance companies recognize remote patient monitoring (RPM) as an effective tool for improving patient care outcomes and reducing healthcare costs. Medicare in the United States expanded its reimbursement coverage for RPM services through Current Procedural Terminology (CPT) codes, with Medicare spending on RPM increasing from USD 18.9 million in 2021 to USD 37.5 million in 2022, according to the Centers for Medicare & Medicaid Services (CMS).
   
• These regulatory changes and reimbursement policies encourage healthcare providers to implement RPM technologies that further contribute to market growth.
   
• The therapeutics segment of the connected healthcare devices market is projected to grow rapidly due to growing integration of AI that enables hyper-personalized therapeutic interventions through connected devices. By analyzing patient data in real time, AI algorithms can adjust treatment plans, predict adverse events, and optimize medication schedules. This level of personalization improves patient engagement and clinical efficacy, making AI-powered therapeutics a key growth area in connected healthcare.
   

Based on components, the connected healthcare devices market is classified into hardware, software and services. The hardware segment dominated the market in 2024 and is growing with a CAGR of 17.5% during the forecast period.
 

• Hardware components such as sensors, wearable devices, and implantable monitors are critical for capturing accurate physiological data. These devices serve as the foundation of connected healthcare systems, enabling real-time monitoring of vitals like heart rate, glucose levels, and oxygen saturation.
   
• Therefore, with the growing demand for remote and continuous care, the need for reliable, high-performance hardware is increasing, making it a cornerstone of the connected healthcare ecosystem.
   
• The increasing need for real-time health monitoring and diagnostics is pushing the development of advanced hardware components. Devices equipped with high-speed processors and responsive sensors allow clinicians and patients to track health metrics instantly.  
   
• The software segment grew with a CAGR of 18.3% during the analysis period. The growth of the software segment is driven by its ability to enable remote configuration, diagnostics, and firmware updates for connected healthcare devices. This capability reduces the need for physical servicing, lowers operational costs, and ensures devices remain updated with the latest features and security patches.
   

Based on end use, connected healthcare devices market is classified into healthcare providers, payers, patients and other end users. The healthcare providers segment dominated the market in 2024 and is expected to reach USD 175.7 billion by 2034.   
 

• Healthcare providers are increasingly adopting connected devices to monitor patients in real time, both in hospitals and remotely. These tools help track vital signs, detect early warning signals, and intervene promptly, improving patient outcomes.
   
• Healthcare providers are expanding their services through telehealth and remote patient monitoring. Connected devices play a central role in these models by enabling virtual consultations, continuous monitoring, and remote diagnostics.
   
• Connected devices help providers meet regulatory and clinical compliance by ensuring accurate, time-stamped data collection. They also support data-driven decision-making through analytics dashboards and AI-powered insights. This improves diagnostic accuracy, treatment planning, and patient safety, making connected technologies essential tools in modern clinical practice, that further contributes to market growth.
   

North America connected healthcare devices market

The North America market dominated the market with a market share of 51.4% in 2024.
 

• North America leads in the adoption of digital health solutions, including telemedicine, remote patient monitoring, and mobile health apps. Healthcare providers and consumers are increasingly using connected devices for real-time diagnostics and chronic disease management.
   
• The region’s advanced digital infrastructure and tech-savvy population support widespread integration of connected devices into everyday healthcare workflows. North American hospitals and clinics are investing heavily in interoperability and data-driven decision-making, making connected devices essential tools in modern care delivery.
   

The U.S. connected healthcare devices market was valued at USD 18.6 billion and USD 22.2 billion in 2021 and 2022, respectively. The market size reached USD 31.7 billion in 2024, growing from USD 26.5 billion in 2023.
 

• The U.S. faces a high prevalence of chronic conditions such as diabetes, hypertension, and heart disease, particularly among its aging population. Connected healthcare devices offer continuous monitoring and early intervention, helping reduce hospital readmissions and improve outcomes.
   
• U.S. healthcare providers are increasingly leveraging AI-powered connected devices for predictive analytics, personalized treatment, and clinical decision support. These technologies enhance diagnostic accuracy and enable proactive care.
   

Europe connected healthcare devices market

Europe market accounted for USD 15 billion in 2024 and is anticipated to show lucrative growth over the forecast period.
 

• The European healthcare sector is experiencing significant demographic shifts, with Eurostat projecting that 30.3% of the EU population will be aged 65 years or older by 2050, compared to 20.8% in 2021. Additionally, chronic disease prevalence continues to rise, with the European Health Interview Survey (EHIS) reporting that 32.8% of the EU population aged 16 and over had a chronic condition in 2021. Connected healthcare devices support patient care through remote monitoring capabilities and timely medical interventions, allowing patients to manage their health conditions from their homes.
   
• The European governments support digital health advancement through dedicated funding, comprehensive policy frameworks, and healthcare infrastructure development. In 2022, the European Health Data Space initiative received EUR 810 million for implementation across member states through 2025.
   
• The European Union's emphasis on healthcare digital transformation creates favorable conditions for connected device implementation across public and private healthcare systems.
   

Germany dominates the European connected healthcare devices market, showcasing strong growth potential.
 

• With nearly 40% of the population affected by chronic conditions such as diabetes and cardiovascular diseases, Germany faces increasing demand for continuous monitoring and personalized care. Connected healthcare devices enable real-time tracking and remote management, helping reduce hospital visits and improve long-term outcomes, especially for aging patients.
   
• Germany has seen rapid growth in wearable health tech, with smartwatches, fitness trackers, and biosensors becoming mainstream. Companies like Philips and Bosch are investing in AI-powered devices that offer real-time health insights. These innovations enhance patient engagement and support preventive care, driving widespread adoption of connected healthcare solutions.
   

Asia Pacific connected healthcare devices market

The Asia Pacific market is anticipated to grow at the highest CAGR of 18% during the analysis timeframe.
 

• Asia Pacific is experiencing fast-paced urbanization, leading to increased investment in healthcare infrastructure. Governments and private sectors are building hospitals, clinics, and digital health networks to meet growing demand. This expansion supports the deployment of connected healthcare devices for diagnostics, monitoring, and treatment, especially in urban centers where tech adoption is high.
   
• The region has over 1.5 billion mobile internet users, expected to reach 1.8 billion by 2030. Widespread smartphones use and expanding 5G coverage enable seamless integration of connected devices with mobile health apps and cloud platforms. This digital readiness supports remote monitoring, telehealth, and patient engagement, and driving device adoption across diverse populations. 
   

China connected healthcare devices market is estimated to grow with a significant CAGR, in the Asia Pacific market.
 

• China’s government is actively promoting digital health infrastructure through national policies and funding. Programs supporting telemedicine, e-prescriptions, and mobile health platforms are expanding access to care, especially in rural regions. These initiatives encourage healthcare providers to adopt connected devices for remote monitoring, diagnostics, and treatment, accelerating market growth.
   
• China’s rapidly aging population and rising incidence of chronic diseases like diabetes and cardiovascular conditions are increasing the need for continuous health monitoring. Connected healthcare devices offer scalable solutions for managing long-term conditions, reducing hospital visits, and supporting elderly care, which is becoming a major economic sector.
   

Latin American connected healthcare devices market

Brazil leads the Latin American market, exhibiting remarkable growth during the analysis period.

• Brazil’s tech sector is rapidly evolving, fueling innovation in healthcare. The development of mobile health apps, wearable sensors, and remote monitoring platforms is transforming patient care.
   
• These technologies support real-time diagnostics, personalized treatment, and data-driven decision-making. The growing acceptance of digital health tools among providers and patients is accelerating the adoption of connected healthcare devices.
   
• Brazil’s aging population and rising incidence of chronic diseases such as diabetes and cardiovascular conditions are driving demand for continuous health monitoring. Connected devices offer scalable solutions for managing long-term conditions, enabling early intervention and reducing hospital visits. This demographic shift is creating sustained demand for remote monitoring and therapeutic technologies.
   

Middle East and Africa connected healthcare devices market

Saudi Arabia market to experience substantial growth in the Middle East and Africa market in 2024.
 

• Saudi Arabia faces a growing burden of chronic conditions, particularly diabetes and cardiovascular diseases. Managing these requires continuous monitoring and timely intervention, which connected healthcare devices enable. Wearables and remote monitoring tools help track vitals, reduce hospital visits, and support early diagnosis, making them essential for chronic disease management and preventive care.
   
• Saudi Arabia’s Vision 2030 and Healthcare Sector Transformation Program prioritize digital health as a core strategy. These initiatives promote telemedicine, e-health platforms, and remote monitoring technologies to improve healthcare access and quality.
   
• The government’s active investment in digital infrastructure and partnerships with private players is accelerating the adoption of connected healthcare devices across hospitals, clinics, and homecare settings.   
   

Connected Healthcare Devices Market Share

The market is characterized by a dynamic and moderately consolidated competitive landscape, shaped by a mix of established medical device manufacturers, digital health leaders, and emerging health tech startups. Leading players such as Medtronic, Philips Healthcare, GE HealthCare, Siemens Healthineers, and Abbott Laboratories collectively account for a ~65% share of the market, driven by strategic investments in IoT integration, remote monitoring technologies, and AI-powered diagnostics.
 

To strengthen their market position, these companies are pursuing multi-pronged strategies including mergers and acquisitions, strategic partnerships with hospitals and tech firms, and expansion into cloud-based health platforms. Their focus is on enhancing device interoperability, improving patient outcomes, and supporting value-based care models across global healthcare systems.
 

Emerging players are contributing to market growth through innovations in wearable biosensors, mobile health apps, and edge computing-enabled devices. Their impact is particularly notable in Asia-Pacific, Latin America, and the Middle East, where rising healthcare digitization, mobile penetration, and demand for affordable remote care solutions are accelerating adoption.
 

The market continues to evolve with increasing competition, regulatory alignment, and a shift toward patient-centric, data-driven care. Companies are adapting their product portfolios to meet the growing demand for real-time monitoring, home-based care, and preventive health solutions, ensuring sustained innovation and global market expansion.
 

Connected Healthcare Devices Market Companies

Prominent players operating in the connected healthcare devices industry are as mentioned below:

• Abbott Laboratories
• AliveCor
• Allscripts
• CareCloud
• Dexcom
• Fitbit (Google)
• Garmin
• GE Healthcare
• Honeywell International
• Koninklijke Philips
• Medtronic
• NXP Semiconductors
• Omron Corporation
• Siemens Healthineers
• Stanley Healthcare
• Vivify Health
   
• Medtronic

Medtronic leads the connected healthcare devices market with a share of ~21.6% in 2024. Pioneers in remote patient monitoring and implantable devices, Medtronic offers integrated platforms that combine hardware, software, and cloud analytics to support chronic disease management, especially in cardiovascular and diabetes care.
 

• Koninklijke Philips

Philips excels in connected imaging systems and patient monitoring solutions, offering AI-powered platforms that integrate seamlessly with hospital IT systems, enabling real-time diagnostics, remote ICU monitoring, and personalized care pathways.
 

• GE Healthcare

GE HealthCare focuses on scalable, interoperable connected solutions across diagnostics and monitoring. Its strength lies in enterprise-wide platforms that unify data from imaging, wearables, and bedside devices to enhance clinical decision-making.
 

Connected Healthcare Devices Market Industry News

• In July 2025, OMRON Healthcare has expanded its collaboration with Tricog Health, an AI-driven cardiac care company, to launch KeeboHealth- an advanced connected health platform designed to transform remote cardiac care and accelerate progress toward OMRON’s ‘Going for Zero’ vision, a world with zero cardiovascular events. KeeboHealth is a digital health ecosystem that leverages AI technology, real-time data analytics, and home-based monitoring to empower healthcare providers and patients in managing heart conditions more effectively.
   
• In June 2025, Infineon Technologies announced a strategic partnership with The Healthcare Impact Alliance (HIA) to develop advanced connectivity solutions for the rapidly growing senior care market. This collaboration will leverage Infineon's cutting-edge semiconductor technology to create a comprehensive ecosystem of connected healthcare devices.
   
• In October 2023, ZS, a global management consulting and technology firm, announced the launch of the AI-powered ZAIDYN Connected Health solution, part of the ZAIDYN by ZS platform. ZAIDYN Connected Health helps pharmaceutical companies, healthcare providers and payers innovate so they can understand unmet needs, better engage with patients and improve health outcomes. In an evolving healthcare ecosystem, it’s vital for these entities to have intelligence they can trust.
   

The connected healthcare devices market research report includes in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Billion from 2021 - 2034 for the following segments:

Click here to Buy Section of this Report

Market, By Technology

• Wi-Fi
• Bluetooth Low Energy (BLE)
• Near-field Communication (NFC)
• Zigbee
• Cellular           

Market, By Application

• Remote patient monitoring
• Clinical diagnostics
• Therapeutics
• Other applications

Market, By Component

• Hardware
  • Wearable health device
  • Implantable connected devices
  • Remote patient monitoring devices
  • Other connected healthcare devices
• Software
• Services

Market, By End Use

• Healthcare providers
  • Hospitals
  • Clinics
  • Telehealth platforms
• Payers
  • Insurance companies
  • Government health programs
• Patients
• Other end use

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE