Home » Healthcare » Connected Health and Wellness Solutions Market
Connected Health and Wellness Solutions Market By Product (Software & Services, Personal Medical Devices, Wellness Products); By Function (Telehealth, Clinical Monitoring); By Application (Wellness and Prevention, Diagnosis & Treatment, Monitoring); By End-use (Healthcare Facilities, Homecare Settings); By Geography – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032
The Connected Health and Wellness Solutions Market was valued at USD 12.29 billion in 2024 and is projected to reach USD 38.12 billion by 2032, registering a CAGR of 15.2% during the forecast period.
REPORT ATTRIBUTE
DETAILS
Historical Period
2020-2023
Base Year
2024
Forecast Period
2025-2032
Connected Health and Wellness Solutions Market Size 2024
USD 12.29 Billion
Connected Health and Wellness Solutions Market, CAGR
15.2%
Connected Health and Wellness Solutions Market Size 2032
USD 38.12 Billion
The Connected Health and Wellness Solutions Market is led by major players including Garmin Ltd., GE Healthcare, AliveCor, Inc., Doctor on Demand, Abbott, Fitbit, DexCom, Inc., Babylon Healthcare Services Ltd, Dragerwerk AG & Co. KGaA, and Apple. These companies dominate through strong product portfolios in digital health monitoring, wearable devices, and telehealth services. North America led the market in 2024 with a 37% share, driven by advanced healthcare infrastructure and high adoption of remote monitoring technologies. Asia-Pacific followed with a 30% share, supported by growing telemedicine adoption and digital health investments. Europe held 28%, fueled by eHealth initiatives and increasing use of connected wellness platforms.
Access crucial information at unmatched prices!
Request your sample report today & start making informed decisions powered by Credence Research Inc.!
The Connected Health and Wellness Solutions Market was valued at USD 12.29 billion in 2024 and is projected to reach USD 38.12 billion by 2032, growing at a CAGR of 15.2%.
Growing demand for remote healthcare, chronic disease management, and personalized wellness solutions is driving strong adoption of connected devices and telehealth platforms.
Market trends highlight the rise of AI-powered diagnostics, wearable integration, and cloud-based monitoring systems that enhance preventive care and real-time health tracking.
Key players such as Apple, Abbott, GE Healthcare, and Fitbit are investing in digital ecosystems, interoperability, and user-centric design to gain competitive advantage.
North America led with a 37% market share in 2024, followed by Asia-Pacific at 30% and Europe at 28%; by product type, the software and services segment dominated with 45% share, supported by the growing use of digital health platforms for monitoring and data analytics.
Market Segmentation Analysis:
By Product
The software and services segment dominated the Connected Health and Wellness Solutions Market in 2024, accounting for a 47% market share. Its leadership is driven by the growing adoption of telemedicine platforms, electronic health records (EHR), and cloud-based analytics systems that enable remote patient management. Healthcare providers are increasingly integrating AI-driven applications and mobile health platforms to enhance patient engagement and data accuracy. Rising demand for digital consultation and personalized wellness applications is further accelerating growth, supported by healthcare digitization initiatives across developed and emerging economies.
For instance, GE HealthCare launched its Edison Digital Health Platform, which uses artificial intelligence and analytics to integrate and process data from disparate sources, including hospital EHR systems. The platform, and applications built with it, are designed to enhance clinical, financial, and operational decision-making for clinicians.
By Function
The telehealth segment held the largest share of 52% in the Connected Health and Wellness Solutions Market in 2024. This dominance is attributed to the rising demand for remote consultation, virtual care, and digital communication tools that bridge the gap between patients and healthcare professionals. Advancements in video conferencing, remote diagnostics, and IoT-based medical devices have made telehealth a mainstream healthcare service. Government support for telemedicine reimbursement and growing acceptance of virtual healthcare models continue to strengthen this segment’s global market presence.
For instance, Included Health (formerly Doctor On Demand) offers integrated virtual care and navigation, providing 24/7 access for primary, behavioral, and urgent health concerns. The platform uses advanced technology, including AI, to enhance efficiency and care coordination for millions of members, covering both virtual and in-person needs
By Application
The monitoring segment led the Connected Health and Wellness Solutions Market in 2024, capturing a 43% share. The segment’s strength lies in increasing use of wearable devices, smart sensors, and mobile applications for continuous health tracking. Patients with chronic conditions such as diabetes, cardiovascular diseases, and hypertension are adopting connected monitoring systems for real-time data collection and analysis. Integration with cloud platforms and healthcare databases allows physicians to make timely interventions. The trend toward personalized health management and preventive care continues to drive the demand for connected monitoring solutions.
Key Growth Drivers
Rising Prevalence of Chronic Diseases
The growing incidence of chronic conditions such as diabetes, hypertension, and cardiovascular disorders is driving the Connected Health and Wellness Solutions Market. Patients require continuous monitoring and real-time management, which connected devices and digital platforms efficiently provide. Healthcare systems are integrating smart diagnostics, wearable sensors, and telehealth applications to enhance patient outcomes. The need for early detection, remote supervision, and preventive health management continues to accelerate adoption across hospitals, clinics, and home healthcare environments.
For instance, Abbott’s FreeStyle Libre 3 continuous glucose monitoring system features a sensor that is worn on the back of the upper arm for up to 14 days and automatically sends real-time glucose readings every 60 seconds to a compatible smartphone via Bluetooth connectivity.
Increasing Adoption of Telehealth and Remote Monitoring
The rapid expansion of telehealth and remote monitoring services is a key market growth driver. Virtual consultations, mobile health apps, and connected medical devices are improving patient accessibility and healthcare efficiency. Rising internet penetration and smartphone usage support seamless connectivity between patients and physicians. Governments and insurers are promoting telemedicine reimbursement, making digital healthcare more accessible. This shift toward remote, technology-enabled care delivery is reshaping global healthcare systems and boosting the adoption of connected health solutions.
For instance, Dexcom Inc. developed the Dexcom G7 continuous glucose monitor, which automatically sends real-time glucose readings every five minutes to a compatible smart device or receiver.
Technological Advancements in IoT and AI Integration
The integration of Internet of Things (IoT) and Artificial Intelligence (AI) is revolutionizing connected health systems. IoT-enabled wearables and AI-driven analytics platforms collect, process, and interpret real-time health data with high precision. These technologies support predictive diagnostics, early disease detection, and personalized treatment planning. Healthcare providers use AI algorithms for clinical decision support, while patients benefit from smart alerts and digital engagement tools. The convergence of advanced technologies is enhancing care quality and driving the market’s technological evolution.
Key Trends & Opportunities
Growing Popularity of Wearable and Mobile Health Devices
Wearable technology, such as fitness trackers, smartwatches, and biosensors, is becoming a core element of connected wellness ecosystems. These devices provide continuous health insights, empowering users to monitor physical activity, heart rate, and sleep patterns. Integration with mobile apps enhances user engagement and data sharing with healthcare professionals. The rising preference for proactive health management and personalized wellness programs creates significant opportunities for manufacturers and service providers in the connected health landscape.
For instance, Apple Inc. introduced the Apple Watch Series 11 with the S10 chip, which features a 64-bit dual-core processor and a 4-core Neural Engine. The watch can track health data, including ECG and oxygen saturation, provide notifications for high or low heart rate, and offer insights through the Vitals app.
Integration of Cloud-Based and Interoperable Healthcare Platforms
Cloud computing and interoperable systems are reshaping healthcare connectivity. Cloud-based platforms enable secure storage, analysis, and exchange of health data across hospitals, insurers, and patients. This integration improves care coordination and data accessibility. The increasing use of interoperability standards such as HL7 and FHIR is strengthening cross-platform communication. Healthcare organizations are adopting cloud infrastructure to scale operations, reduce IT costs, and enhance remote collaboration, presenting major growth opportunities in digital healthcare networks.
For instance, eMed Healthcare UK now operates the former U.K. digital health platform, acquired after Babylon Health’s bankruptcy in 2023. This acquisition includes the former “GP at Hand” service, now rebranded as eMed GP at Hand. The company’s U.S. business was liquidated after filing for Chapter 7 bankruptcy in August 2023, following mounting financial difficulties.
Key Challenges
Data Security and Privacy Concerns
The widespread use of connected devices increases the risk of cyberattacks and data breaches in healthcare networks. Sensitive patient information must be securely stored and transmitted across digital platforms. Compliance with data protection regulations such as HIPAA and GDPR adds operational complexity. Healthcare providers and technology companies must invest heavily in encryption, authentication, and cybersecurity measures to safeguard patient trust and maintain regulatory compliance in the digital ecosystem.
High Implementation Costs and Infrastructure Limitations
Implementing connected health systems involves significant investment in hardware, software, and network infrastructure. Many small and medium healthcare providers struggle with the high costs of integration and maintenance. In developing regions, inadequate internet connectivity and limited digital literacy further hinder adoption. These financial and logistical barriers slow market expansion, particularly in rural and resource-constrained settings, where connected healthcare solutions could offer the greatest benefits.
Regional Analysis
North America
North America held a 37% market share in the Connected Health and Wellness Solutions Market in 2024. The region’s leadership stems from advanced healthcare infrastructure, high adoption of digital health technologies, and strong regulatory support for telemedicine. The United States dominates due to widespread use of wearable health devices, AI-driven diagnostics, and cloud-based monitoring systems. Favorable reimbursement policies and increasing focus on chronic disease management drive demand for connected health solutions. Strategic partnerships between healthcare providers and technology companies continue to enhance integration and accessibility of remote healthcare services across the region.
Europe
Europe accounted for a 28% share of the Connected Health and Wellness Solutions Market in 2024. Market growth is driven by government-backed digital health initiatives, rising elderly populations, and strong adoption of electronic health records. Countries such as Germany, the United Kingdom, and France are leading users of telehealth and connected care platforms. The European Union’s emphasis on data interoperability and healthcare digitization under its eHealth strategy further supports expansion. Increasing investment in preventive healthcare and wellness technologies continues to strengthen Europe’s position as a key market for connected health innovation.
Asia-Pacific
Asia-Pacific dominated the Connected Health and Wellness Solutions Market in 2024 with a 30% market share. Rapid digitalization, growing healthcare expenditure, and expanding telemedicine networks are fueling demand across China, India, and Japan. The region’s large population base and high smartphone penetration are accelerating adoption of mobile health apps and wearable devices. Government initiatives promoting remote patient monitoring and digital health access are further boosting growth. Local startups and multinational companies are collaborating to expand cloud-based healthcare platforms, establishing Asia-Pacific as the fastest-growing region for connected health technologies.
Latin America
Latin America captured a 3% market share in the Connected Health and Wellness Solutions Market in 2024. The region’s growth is supported by increasing investments in healthcare modernization and digital transformation. Countries such as Brazil, Mexico, and Chile are expanding telemedicine services and adopting connected monitoring platforms to improve patient care accessibility. Rising health awareness and smartphone usage are driving adoption of fitness trackers and mobile wellness apps. Partnerships between governments, insurers, and technology providers are helping to enhance healthcare delivery efficiency and bridge gaps in medical service availability.
Middle East & Africa
The Middle East & Africa region held a 2% share of the Connected Health and Wellness Solutions Market in 2024. Market expansion is driven by growing demand for remote healthcare solutions and digital wellness platforms. The Gulf Cooperation Council (GCC) countries, led by Saudi Arabia and the United Arab Emirates, are investing in national eHealth strategies and telemedicine infrastructure. In Africa, increasing internet penetration and donor-supported healthcare programs are improving access to digital diagnostics. Rising focus on preventive care and the development of smart healthcare cities are further driving market adoption across the region.
Market Segmentations:
By Product
Software & services
Personal medical devices
Wellness products
By Function
Telehealth
Clinical monitoring
By Application
Wellness and prevention
Diagnosis & treatment
Monitoring
By End-use
Healthcare facilities
Homecare settings
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
South-east Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of the Middle East and Africa
Competitive Landscape
The competitive landscape of the Connected Health and Wellness Solutions Market includes key players such as Garmin Ltd., GE Healthcare, AliveCor, Inc., Doctor on Demand, Abbott, Fitbit, DexCom, Inc., Babylon Healthcare Services Ltd, Dragerwerk AG & Co. KGaA, and Apple. These companies dominate through continuous innovation in wearable technology, telehealth platforms, and remote monitoring systems. Market leaders are investing in AI-driven health analytics, cloud integration, and personalized wellness solutions to enhance patient engagement and outcomes. Strategic partnerships between healthcare providers, insurers, and technology firms are expanding digital care accessibility. Companies are also focusing on interoperability, cybersecurity, and data-driven diagnostics to strengthen reliability and compliance with healthcare standards. The rising demand for connected devices and remote care ecosystems continues to intensify competition, prompting major players to develop scalable, secure, and user-friendly health platforms that align with preventive and personalized healthcare models globally.
Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!
In October 2025, Garmin Ltd. launched its Health Status feature on Garmin Connect, combining five key overnight metrics-heart rate, HRV, respiration rate, SpO₂, and skin temperature-to deliver advanced wellness insights. Garmin also integrated its devices with Google’s Health Connect, improving interoperability and real-time health data sharing across platforms.
In March 2025, GE HealthCare partnered with NVIDIA to co-develop autonomous imaging systems using Physical AI for real-time clinical diagnostics across X-ray and ultrasound modalities.
In 2025, Apple Inc. launched the Apple Watch Series 11 equipped with hypertension monitoring and a new sleep quality scoring feature. The company also enhanced Apple Intelligence at WWDC 2025, enabling privacy-focused AI-powered health insights across Apple devices.
Report Coverage
The research report offers an in-depth analysis based on Product, Function, Application, End-use and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.
Future Outlook
The market will expand rapidly with rising demand for remote healthcare and telemedicine.
Integration of AI and IoT will enhance personalized patient monitoring and predictive health management.
Wearable devices will become more advanced with continuous tracking and real-time analytics.
Cloud-based healthcare data systems will support seamless connectivity across digital platforms.
Preventive care and wellness programs will drive higher adoption of connected health solutions.
Partnerships between tech firms and healthcare providers will strengthen digital care ecosystems.
Asia-Pacific will emerge as a key growth region due to rising digital healthcare investments.
Data privacy and cybersecurity advancements will play a major role in platform reliability.
Regulatory frameworks will evolve to support telehealth reimbursement and interoperability.
The convergence of fitness, diagnostics, and digital therapeutics will redefine global healthcare delivery.
1. Introduction
1.1. Report Description
1.2. Purpose of the Report
1.3. USP & Key Offerings
1.4. Key Benefits for Stakeholders
1.5. Target Audience
1.6. Report Scope
1.7. Regional Scope
2. Scope and Methodology
2.1. Objectives of the Study
2.2. Stakeholders
2.3. Data Sources
2.3.1. Primary Sources
2.3.2. Secondary Sources
2.4. Market Estimation
2.4.1. Bottom-Up Approach
2.4.2. Top-Down Approach
2.5. Forecasting Methodology
3. Executive Summary
4. Introduction
4.1. Overview
4.2. Key Industry Trends
5. Global Connected Health and Wellness Solutions Market
5.1. Market Overview
5.2. Market Performance
5.3. Impact of COVID-19
5.4. Market Forecast
10. Market Breakup by Region
10.1. North America
10.1.1. United States
10.1.1.1. Market Trends
10.1.1.2. Market Forecast
10.1.2. Canada
10.1.2.1. Market Trends
10.1.2.2. Market Forecast
10.2. Asia-Pacific
10.2.1. China
10.2.2. Japan
10.2.3. India
10.2.4. South Korea
10.2.5. Australia
10.2.6. Indonesia
10.2.7. Others
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. United Kingdom
10.3.4. Italy
10.3.5. Spain
10.3.6. Russia
10.3.7. Others
10.4. Latin America
10.4.1. Brazil
10.4.2. Mexico
10.4.3. Others
10.5. Middle East and Africa
10.5.1. Market Trends
10.5.2. Market Breakup by Country
10.5.3. Market Forecast
13. Porters Five Forces Analysis
13.1. Overview
13.2. Bargaining Power of Buyers
13.3. Bargaining Power of Suppliers
13.4. Degree of Competition
13.5. Threat of New Entrants
13.6. Threat of Substitutes
14. Price Analysis
15. Competitive Landscape
15.1. Market Structure
15.2. Key Players
15.3. Profiles of Key Players
15.3.1. Garmin Ltd.
15.3.1.1. Company Overview
15.3.1.2. Product Portfolio
15.3.1.3. Financials
15.3.1.4. SWOT Analysis
15.3.2. GE Healthcare
15.3.2.1. Company Overview
15.3.2.2. Product Portfolio
15.3.2.3. Financials
15.3.2.4. SWOT Analysis
15.3.3. AliveCor, Inc.
15.3.3.1. Company Overview
15.3.3.2. Product Portfolio
15.3.3.3. Financials
15.3.3.4. SWOT Analysis
15.3.4. Doctor on Demand
15.3.4.1. Company Overview
15.3.4.2. Product Portfolio
15.3.4.3. Financials
15.3.4.4. SWOT Analysis
15.3.5. Abbott
15.3.5.1. Company Overview
15.3.5.2. Product Portfolio
15.3.5.3. Financials
15.3.5.4. SWOT Analysis
15.3.6. Fitbit
15.3.6.1. Company Overview
15.3.6.2. Product Portfolio
15.3.6.3. Financials
15.3.6.4. SWOT Analysis
15.3.7. DexCom, Inc.
15.3.7.1. Company Overview
15.3.7.2. Product Portfolio
15.3.7.3. Financials
15.3.7.4. SWOT Analysis
15.3.8. Babylon Healthcare Services Ltd
15.3.8.1. Company Overview
15.3.8.2. Product Portfolio
15.3.8.3. Financials
15.3.8.4. SWOT Analysis
15.3.9. Dragerwerk AG & Co. KGaA
15.3.9.1. Company Overview
15.3.9.2. Product Portfolio
15.3.9.3. Financials
15.3.9.4. SWOT Analysis
15.3.10. Apple
15.3.10.1. Company Overview
15.3.10.2. Product Portfolio
15.3.10.3. Financials
15.3.10.4. SWOT Analysis
16. Research Methodology
Request A Free Sample
We prioritize the confidentiality and security of your data. Our promise: your information remains private.
Ready to Transform Data into Decisions?
Request Your Sample Report and Start Your Journey of Informed Choices
Providing the strategic compass for industry titans.
Frequently Asked Questions
What is the current market size for Connected Health and Wellness Solutions Market, and what is its projected size in 2032?
The Connected Health and Wellness Solutions Market was valued at USD 12.29 billion in 2024 and is projected to reach USD 38.12 billion by 2032.
At what Compound Annual Growth Rate is the Connected Health and Wellness Solutions Market projected to grow between 2025 and 2032?
The Connected Health and Wellness Solutions Market is projected to grow at a CAGR of 15.2% during the forecast period.
Which Connected Health and Wellness Solutions Market segment held the largest share in 2024?
The software and services segment held the largest share of 47% in 2024, driven by high adoption of digital health platforms.
What are the primary factors fueling the growth of the Connected Health and Wellness Solutions Market?
Rising chronic disease prevalence, growing telehealth adoption, and integration of IoT and AI technologies are fueling market growth.
Who are the leading companies in the Connected Health and Wellness Solutions Market?
Major players include Garmin Ltd., GE Healthcare, AliveCor, Inc., Doctor on Demand, Abbott, Fitbit, DexCom, and Apple.
Which region commanded the largest share of the Connected Health and Wellness Solutions Market in 2024?
North America commanded the largest share of 37% in 2024, driven by advanced healthcare infrastructure and high telehealth adoption.
About Author
Shweta Bisht
Healthcare & Biotech Analyst
Shweta is a healthcare and biotech researcher with strong analytical skills in chemical and agri domains.
Cough Remedies Market size was valued at USD 9.73 Billion in 2024 and is anticipated to reach USD 15.41 Billion by 2032, at a CAGR of 5.91% during the forecast period.
The Connected Healthcare Market is projected to grow from USD 59,425 million in 2024 to USD 167,856.68 million by 2032, exhibiting a compound annual growth rate (CAGR) of 13.86%.
The UK Wound Debridement Market size was valued at USD 155.33 million in 2018 to USD 184.95 million in 2024 and is anticipated to reach USD 296.69 million by 2032, at a CAGR of 6.09% during the forecast period.
The U.S. Wound Debridement Market size was valued at USD 1,407.37 million in 2018 to USD 1,724.59 million in 2024 and is anticipated to reach USD 2,833.46 million by 2032, at a CAGR of 6.40% during the forecast period.
The North America Wound Debridement Market size was valued at USD 1,653.78 million in 2018 to USD 1,970.06 million in 2024 and is anticipated to reach USD 3,195.87 million by 2032, at a CAGR of 6.23% during the forecast period.
The Japan Wound Debridement Market size was valued at USD 178.33 million in 2018 to USD 221.80 million in 2024 and is anticipated to reach USD 364.60 million by 2032, at a CAGR of 6.41% during the forecast period.
The Global Wound Debridement Market size was valued at USD 4,300.00 million in 2018, increased to USD 5,181.73 million in 2024, and is anticipated to reach USD 8,416.80 million by 2032, at a CAGR of 6.35% during the forecast period.
The Australia Wound Debridement Market size was valued at USD 60.32 million in 2018, increased to USD 75.48 million in 2024, and is anticipated to reach USD 130.62 million by 2032, at a CAGR of 7.09% during the forecast period.
The Fabry Disease Therapeutic Market has witnessed steady growth in recent years and is expected to grow at a CAGR of 8.80% between 2024 and 2032. The market was valued at USD 1725.8 million in 2023 and is expected to reach USD 3686.8 million in 2032.
The Fecal Occult Testing market size was valued at USD 4,104.5 million in 2024 and is anticipated to reach USD 7,036.49 million by 2032, at a CAGR of 6.97% during the forecast period.
The Foot Ulcer Sensors Market size was valued at USD 204.28 million in 2024 and is anticipated to reach USD 269 million by 2032, at a CAGR of 3.5% during the forecast period (2024-2032).
The Italy Wound Debridement Market size was valued at USD 69.81 million in 2018, reached USD 81.55 million in 2024, and is anticipated to reach USD 116.35 million by 2032, at a CAGR of 4.54% during the forecast period.
Licence Option
The report comes as a view-only PDF document, optimized for individual clients. This version is recommended for personal digital use and does not allow printing. Use restricted to one purchaser only.
$4999
To meet the needs of modern corporate teams, our report comes in two formats: a printable PDF and a data-rich Excel sheet. This package is optimized for internal analysis. Unlimited users allowed within one corporate location (e.g., regional office).
$6999
The report will be delivered in printable PDF format along with the report’s data Excel sheet. This license offers 100 Free Analyst hours where the client can utilize Credence Research Inc. research team. Permitted for unlimited global use by all users within the purchasing corporation, such as all employees of a single company.
Thank you for the data! The numbers are exactly what we asked for and what we need to build our business case.
Materials Scientist (privacy requested)
The report was an excellent overview of the Industrial Burners market. This report does a great job of breaking everything down into manageable chunks.
