Connected Healthcare Market Size and Share
Connected Healthcare Market Analysis by Mordor Intelligence
The connected healthcare market size stands at USD 87.5 billion in 2025 and is projected to expand to USD 229.2 billion by 2030, reflecting a 21.20% CAGR over the forecast period. This rapid climb illustrates how digital care models have moved from niche pilots to system-wide standards, led by telehealth reimbursement and increasing use of artificial intelligence in clinical devices. Health systems now aim for continuous rather than episodic engagement, spurring demand for real-time monitoring platforms, predictive analytics, and interoperable data hubs. Regulatory support for remote patient monitoring, combined with edge-AI hardware innovations, is lowering adoption barriers, while consumer electronics brands keep shifting wellness tracking into clinical decision workflows. At the same time, cybersecurity readiness, clinician workflow redesign, and broadband availability remain gating factors that influence deployment timelines across geographies.
Key Report Takeaways
- By type, mHealth Services led the connected healthcare market with a 45.59% share in 2024, while e-prescription is projected to grow at the fastest rate, with a 23.79% CAGR through 2030.
- By function, Remote Patient Monitoring dominated with a 35.43% share and also recorded the highest growth rate of 22.31% CAGR.
- By application, Monitoring Applications accounted for the largest share at 38.74%, whereas Wellness & Prevention is set to expand most rapidly at 22.81% CAGR.
- By end user, hospitals and clinics remained the top users with a 47.22% market share, while home monitoring is on the fastest trajectory with a 22.30% CAGR.
- By geography, North America contributed the highest revenue share of 42.01%, while Asia-Pacific is forecast to grow at the fastest pace of 23.55% CAGR during 2025–2030.
Global Connected Healthcare Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Rapid Telehealth Adoption | +4.20% | Global, with North America leading | Short term (≤ 2 years) |
| Rising Chronic Disease Burden | +5.80% | Global, APAC highest growth | Long term (≥ 4 years) |
| Government Reimbursement Push For RPM | +3.10% | North America & EU primary | Medium term (2-4 years) |
| Edge-AI Chips Enable On-Device Analytics | +2.90% | Global, with Asia-Pacific manufacturing | Medium term (2-4 years) |
| Hospital Private 5G Networks Accelerate Imaging | +2.40% | North America & EU early adopters | Long term (≥ 4 years) |
| Consumer Tech APIs Spur Interoperability | +1.80% | Global, led by North America | Short term (≤ 2 years) |
| Source: Mordor Intelligence | |||
Rapid Telehealth Adoption
Pandemic-era virtual visit volumes soared by 766%, creating permanent patient expectations for on-demand consultations. Medicare has formalized audio-only and home-based telehealth coverage through March 2025, cementing virtual care as a standard benefit.[1]U.S. Department of Health and Human Services, “Telehealth Flexibilities for 2025,” hhs.gov Consequently, 70% of health systems in the AVIA Network now deploy remote patient monitoring solutions, mainly for chronic disease cohorts. Vendor ecosystems are expanding beyond video consults; Epic added ambient AI documentation to streamline visit notes and improve clinician productivity. The connected healthcare market benefits as providers integrate scalable, secure telehealth stacks to support longitudinal patient management.
Rising Chronic Disease Burden
Half of the U.S. population lives with at least one chronic condition, consuming 86% of national healthcare spending. Remote monitoring programs can save USD 5.2 million annually for every 500 high-risk Medicare beneficiaries through fewer readmissions. Kaiser Permanente’s program, which covers 45,000 members, illustrates the clinical and economic gains that can be achieved through continuous monitoring.[2]Kaiser Permanente, “Remote Patient Monitoring Outcomes,” kaiserpermanente.org In Utah, home telemetry trimmed average HbA1c from 9.73% to 7.81% and lowered systolic blood pressure from 130.7 mmHg to 122.9 mmHg, confirming outcome improvements.[3]Diabetes Technology & Therapeutics, “Utah Remote Monitoring Project,” diabetesjournals.org Asia-Pacific’s ageing demographics and rising diabetes prevalence expand the patient pool, aligning with USD 20 trillion cumulative elderly-care spend projections to 2030.
Government Reimbursement Push for RPM
The Centers for Medicare & Medicaid Services added dedicated CPT codes that reimburse at least 16 days of physiologic data capture in a 30-day cycle, giving providers predictable revenue for remote monitoring. Rural Health Clinics and Federally Qualified Health Centers now receive separate RPM payments, which helps narrow access gaps in underserved regions. Europe is following with broader coverage for digital therapeutics, creating a synchronized global policy environment that accelerates vendor scaling across continents.
Edge-AI Chips Enable On-Device Analytics
Organic electrochemical transistors developed at the University of Hong Kong showcase medical-grade edge processors that analyze biosignals locally, improving latency and privacy. FDA clearance of LifeSignals’ wearable biosensor and Masimo’s medical watch highlights regulatory comfort with edge-AI devices. GE HealthCare’s foundation models optimized on NVIDIA platforms enable faster image assessment inside scanners, reducing cloud load and network reliance.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Cyber-Security & Data-Privacy Concerns | -2.80% | Global, with EU GDPR compliance | Short term (≤ 2 years) |
| High Integration & Capital Costs | -2.10% | Global, acute in emerging markets | Medium term (2-4 years) |
| Clinician Alarm Fatigue | -1.40% | North America & EU primary | Medium term (2-4 years) |
| Rural Bandwidth Inequality | -1.90% | Global, severe in rural areas | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Cyber-Security & Data-Privacy Concerns
Average breach costs climbed to USD 10.1 million in 2024 as 67% of providers reported at least one security event. India ranks among the top five most attacked healthcare systems, illustrating global exposure. The Biden administration plans substantial HHS cybersecurity budget increases, and the FDA now mandates security documentation during device clearance.
Rural Bandwidth Inequality
Only 46% of rural southeastern U.S. households hold broadband subscriptions versus 71% region-wide, hampering virtual care uptake. Many rural hospitals operate below 10% of the internet speed recommended for electronic health records, restricting remote imaging uploads. The USD 42 billion Broadband Equity Access and Deployment program aims to close the gap, yet rollout is uneven. The United Kingdom’s NHS-Starlink pilot shows satellite connectivity can bypass terrestrial network shortfalls when subsidized.
Segment Analysis
By Type: mHealth Services Drive Market Leadership
mHealth Services captured 45.59% connected healthcare market share in 2024, reflecting how enterprise telehealth suites and patient portals matured from pandemic triage tools into core clinical infrastructure. Integrated platforms like Epic MyChart now deliver secure messaging, photo triage, automated refill requests, and AI-driven care navigation inside a single workflow. Growth continues as health systems expand remote case management, device integration, and personalized engagement features to support at-home chronic care plans, solidifying the segment’s lead in the connected healthcare market.
The e-Prescription and mHealth Development category, while smaller, is set for a 23.79% CAGR through 2030. Regulatory support for electronic prescribing, including controlled substances, and rising demand for API-based medication reconciliation underpin the momentum. Cloud development kits allow hospitals to add institution-specific apps that read or write EHR data, enhancing revenue diversification. Innovations such as real-time benefits checks and price transparency tools make digital prescribing central to medication adherence strategies.
Note: Segment shares of all individual segments available upon report purchase
By Function: Remote Patient Monitoring Accelerates Growth
Telemedicine maintained a 28.29% functional share in 2024 thanks to sustained virtual consult volumes, yet Remote Patient Monitoring is outpacing with a 22.31% CAGR. Cardiology and endocrinology programs illustrate the impact: devices transmit daily vitals and glucose metrics, while AI triage surfaces exceptions for nurse review, allowing clinicians to oversee larger populations without proportional staffing growth. FDA authorization of the Cordella Pulmonary Artery Sensor System for heart-failure home use expands the scope of physiological markers captured outside hospitals.
Clinical Monitoring and ancillary functions grow steadily as vendors bundle multi-parameter sensors with decision-support software. Philips and Mass General Brigham are building real-time data fabrics that pull ECG, capnography, and hemodynamic waveforms into a unified analytics layer, shortening alert-to-intervention windows. These integrations reinforce the connected healthcare market trend toward comprehensive, continuous oversight.
By Application: Wellness & Prevention Emerges as Growth Leader
Monitoring Applications controlled 38.74% of revenue in 2024, owing to long-established disease-specific platforms for diabetes and cardiac care. However, Wellness and prevention are forecast to expand at a 22.81% CAGR as consumers adopt wearables that record sleep, activity, and metabolic signals, which clinicians increasingly accept as adjunct data. Google’s Personal Health Insights Agent analyzes multi-modal wearable inputs to deliver personalized coaching, while Samsung’s non-invasive glucose technology positions consumer devices as early risk-screening tools.
Diagnosis & Treatment applications also benefit from AI advances. GE HealthCare’s partnership with NVIDIA yields autonomous imaging pipelines that automatically segment, label, and prioritize radiographs, shortening time-to-diagnosis in resource-constrained settings. Healthcare Management applications evolve as EHR vendors add staffing optimization, inventory analytics, and revenue-cycle AI modules, creating a continuum from operational to clinical intelligence within the connected healthcare market.
Note: Segment shares of all individual segments available upon report purchase
By End User: Home Monitoring Drives Transformation
Hospitals & Clinics contributed 47.22% revenue in 2024 as they remain the primary purchasers of regulated devices and enterprise software. Yet Home Monitoring shows the fastest path at 22.30% CAGR as payers adopt hospital-at-home reimbursement and the FDA promotes its Health Care at Home pathway. Continuous vital sign sensors, Bluetooth-enabled scales, and AI chatbots extend care teams into patient living rooms, shifting acute interventions toward earlier community-based management.
Ambulatory and specialty Clinics embrace digital-first visits, with Vizient projecting 15.4% outpatient volume growth through 2034 as the site of care shifts from inpatient wards to procedure-focused centers. Laboratories integrate remote sample collection, tracking, and device-generated physiologic data to offer diagnostic insights contextualized within longitudinal vital sign trends.
Geography Analysis
North America held a 39.4% share of the connected healthcare market in 2024, owing to Medicare’s broad telehealth coverage, FDA device clearance efficiency, and strong venture funding pipelines. The region benefits from widespread insurer alignment on remote monitoring reimbursement, high broadband penetration, and robust cybersecurity frameworks that encourage enterprise-level deployments. U.S. hospitals continue to expand hybrid care strategies combining virtual triage, home diagnostics, and AI-assisted imaging, which sustains regional revenue leadership.
Asia-Pacific is the fastest-expanding region, forecast to grow at 15.2% CAGR between 2025 and 2030. China anchors regional momentum with venture investment reaching USD 6.3 billion in 2018 and continued public–private support for digital health pilots, such as 5G-enabled surgical mentoring. India’s insurance-funded telehealth integration and digital health law rollouts support scalable care pathways reaching rural populations. Thailand’s Siriraj Hospital cut pathology turnaround from 15 minutes to 25 seconds via 5G-linked AI microscopes, illustrating leapfrog benefits where advanced networks combine with clinician shortages.
Europe shows moderate progression as reimbursement varies by country, yet the European Health Data Space proposal promises unified governance that would boost cross-border telehealth and AI device adoption. Nordic nations already reimburse home spirometry in chronic obstructive pulmonary disease, while Germany’s DiGA program lists more than 50 prescribed digital therapeutics. The Middle East and Latin America expand slowly from pilot projects as bandwidth, security frameworks, and payer models mature.
Competitive Landscape
The connected healthcare market remains moderately fragmented. Traditional device leaders like Philips, GE HealthCare, and Medtronic couple sensor know-how with software-as-a-service business models to defend installed bases. Technology giants such as Apple, Google, and Samsung leverage consumer ecosystems to generate continuous data streams that feed into clinical APIs, eroding boundaries between wellness and medical applications. Their ruggedized consumer wearables increasingly hold FDA clearance, boosting credibility within hospital procurement cycles.
Strategic partnerships dominate. Medtronic joined Philips in integrating Nellcor oximetry and Microstream capnography into Philips bedside monitors, creating bundled value for multi-parameter surveillance. Samsung purchased Xealth to pipe third-party digital therapeutics into clinician workflows across more than 500 hospitals, illustrating platform-centric competitive tactics. GE HealthCare’s seven-year imaging alliance with Sutter Health targets statewide AI deployment, while its NVIDIA collaboration accelerates autonomous X-ray triage.
AI-native contenders raise significant capital, leading to USD 23 billion in healthcare AI funding during 2024, with nearly one-third earmarked for diagnostic imaging and clinical decision support. Incumbent EHR vendor Epic expands into enterprise resource planning and clinical AI modules to protect its share as cloud-first disruptors gain traction.
Connected Healthcare Industry Leaders
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Koninklijke Philips NV
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GE Healthcare
-
Medtronic Plc
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Cisco Systems
-
IBM
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- July 2025: Samsung Electronics completed its acquisition of Xealth, integrating 70 digital health solutions across 500 hospitals to unify wellness data with clinical records.
- March 2025: GE HealthCare introduced the Genesis cloud imaging portfolio and pledged to triple cloud products by 2028.
- March 2025: GE HealthCare and NVIDIA partnered to develop autonomous imaging solutions addressing radiologist shortages.
- January 2025: GE HealthCare signed a seven-year agreement with Sutter Health to deploy AI-powered imaging across 300 facilities.
Global Connected Healthcare Market Report Scope
| mHealth Services |
| mHealth Devices |
| e-Prescription |
| Remote Patient Monitoring |
| Clinical Monitoring |
| Telemedicine |
| Others |
| Diagnosis & Treatment |
| Monitoring Applications |
| Wellness & Prevention |
| Healthcare Management |
| Others |
| Hospitals & Clinics |
| Home Monitoring |
| Ambulatory & Specialty Clinics |
| Research & Diagnostic Laboratories |
| North America | United States |
| Canada | |
| Mexico | |
| Europe | Germany |
| United Kingdom | |
| France | |
| Italy | |
| Spain | |
| Rest of Europe | |
| Asia Pacific | China |
| Japan | |
| India | |
| South Korea | |
| Australia | |
| Rest of Asia Pacific | |
| Middle East & Africa | GCC |
| South Africa | |
| Rest of Middle East & Africa | |
| South America | Brazil |
| Argentina | |
| Rest of South America |
| By Type | mHealth Services | |
| mHealth Devices | ||
| e-Prescription | ||
| By Function | Remote Patient Monitoring | |
| Clinical Monitoring | ||
| Telemedicine | ||
| Others | ||
| By Application | Diagnosis & Treatment | |
| Monitoring Applications | ||
| Wellness & Prevention | ||
| Healthcare Management | ||
| Others | ||
| By End User | Hospitals & Clinics | |
| Home Monitoring | ||
| Ambulatory & Specialty Clinics | ||
| Research & Diagnostic Laboratories | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Europe | Germany | |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Asia Pacific | China | |
| Japan | ||
| India | ||
| South Korea | ||
| Australia | ||
| Rest of Asia Pacific | ||
| Middle East & Africa | GCC | |
| South Africa | ||
| Rest of Middle East & Africa | ||
| South America | Brazil | |
| Argentina | ||
| Rest of South America | ||
Key Questions Answered in the Report
What is the current value of the connected healthcare market?
The connected healthcare market size is USD 87.5 billion in 2025.
How fast is the connected healthcare market expected to grow?
It is forecast to register a 21.20% CAGR, reaching USD 486.1 billion by 2030.
Which segment holds the largest connected healthcare market share?
MHealth Services accounted for 47.2% revenue share in 2024.
Which region is expanding the quickest in connected healthcare?
Asia-Pacific is projected to post a 15.2% CAGR between 2025 and 2030, the highest among all regions.
Why is remote patient monitoring gaining momentum?
RPM lowers readmissions and supports chronic care efficiencies, saving around USD 5.2 million per 500 high-risk Medicare patients annually.
What are the main challenges to wider connected healthcare adoption?
Cybersecurity risks and rural bandwidth limitations represent the most significant headwinds.
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