The connected health market size was valued at US$ 62.61 billion in 2022 and is expected to reach US$ 453.56 billion by 2030. The market is estimated to register a CAGR of 28.1% from 2022 to 2030.

A technique of managing healthcare that uses technology to deliver services or treat medical issues is usually referred to as "connected health." Mobile personal emergency response systems, telemedicine, decentralized clinical trials (DCTs), and remote patient monitoring (RPM) are a few prominent instances of linked health. Consumer-grade wearables and wireless implanted medical devices are examples of connected health devices. Insulin pumps, blood pressure monitors, glucose monitors, pulse oximeters, personal ECG monitors, and other devices are frequently connected medical devices.

Connected devices create greater agility and mobility, which increase productivity and efficiency. A survey by the Pew Research Center conducted in 2020 states that 21% of Americans (~70 million people) are using wearable tech. Further, IoT is being integrated with healthcare, where it is known as the Internet of Medical Things (IoMT). The IoMT will enable advanced monitoring of patients suffering from long-term health conditions. Also, mHealth apps and IoMT devices such as wearables are being widely used by the global population. For instance, Apple launched a new feature, "Time to Walk," in January 2021, an inspiring new audio walking experience on the Apple Watch for Fitness+ subscribers-created to encourage users to increase walking activities and benefit from it. Approximately all IoMT devices are required to be connected to a mobile health app; these devices provide the app with useful data that ensures better health management. Thus, the adoption of the internet of medical things is likely to bring new connected health market trends in the coming years.

By Application, Connected Health Market-Based Insights

Based on the application, the connected health market, is segmented into monitoring applications, diagnosis and treatment, healthcare management, wellness and prevention, and others. The connected health market analysis estimated that the monitoring applications segment held the largest share of the market in 2022; however, the diagnosis and treatment segment is likely to register the highest CAGR in the connected health market during 2022-2030. The digital age, including the Internet of Things (IoT), digital sensors, and big data tools, has opened new growth opportunities for healthcare services, with monitoring systems playing an important role and improving access to patients. The incorporation of these systems increased significantly during the COVID-19 pandemic.

By End User, Connected Health Market -Based Insights

Based on the end user, the connected health market is segmented into hospitals and clinics, home monitoring, and others. The hospitals and clinics segment held the largest market share in 2022; however, the home monitoring segment is likely to record the highest CAGR in the connected health market during 2022-2030. According to OAE Publishing Inc., in 2021, approximately 50% of all American hospitals have implemented some form of connected health for remote patient monitoring, and ~80% of European countries have included telemedicine services in their healthcare services.

Center for Disease Control and Prevention, and National Center for Health Statistics are a few of the major primary and secondary sources referred to while preparing the report on the connected health market.