Global Connected Health And Wellness Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Healthcare IT, Health Information Exchange, and Healthcare AnalyticsBy Product;
Personal Medical Devices - [Insulin Pump , BP Monitor, Portable GPS PERS, Glucose Monitor, Personal Plus Oximeter , Smart Pill Dispenser and Personal ECG], Wellness Products - [Digital Pedometer , Body Analyzer, GPS Sports Watch, Heart Rate Monitor and Sleep Quality Monitor], Software & Services - [Online Subscription, Fitness & Wellness App, and Others]By End Users;
Hospitals, Individual Customers, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031)Introduction
Global Connected Health And Wellness Devices Market (USD Million), 2021 - 2031
Connected Health And Wellness Devices Market was valued at USD 128,510.38 million in the year 2024. The size of this market is expected to increase to USD 351,740.49 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 15.5%.
Global Connected Health And Wellness Devices Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 15.5 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 15.5 % |
Market Size (2024) | USD 128,510.38 Million |
Market Size (2031) | USD 351,740.49 Million |
Market Concentration | Low |
Report Pages | 390 |
Major Players
- Omron Healthcare, Inc.
- McKesson Corporation
- Philips Healthcare Company
- GE Healthcare, Inc.
- Draeger Medical Systems, Inc.
- Fitbit, Inc.
- St. Jude Medical, Inc.
- Medtronic Plc
- Aerotel Medical System Ltd.
- Boston Scientific Corporation
- Body Media, Inc.
- Garmin International, Inc.
- Microlife Corporation
- Masimo Corporation
- AgaMatrix, Inc.
- Apple, Inc.
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Connected Health And Wellness Devices Market
Fragmented - Highly competitive market without dominant players
The Connected Health and Wellness Devices Market is experiencing significant expansion, driven by the rising demand for personalized healthcare and remote patient monitoring. Nearly 70% of healthcare providers now utilize connected health devices to enhance patient care, reduce hospital readmissions, and improve treatment outcomes. This growth is primarily fueled by the widespread adoption of wearable technologies, which account for over 55% of the connected health market, providing continuous real-time data to both patients and healthcare professionals.
Focus on Preventive Health and Early Intervention
As the focus on preventive healthcare intensifies, connected health devices have become essential for early diagnosis and proactive health management. Approximately 60% of individuals globally now rely on smart health devices for fitness tracking, heart rate monitoring, and chronic disease management. This shift reflects a broader trend toward proactive health monitoring, supported by advanced technologies that enable real-time data collection and personalized health insights.
AI and IoT Revolutionizing Health Device Capabilities
Artificial Intelligence (AI) and the Internet of Things (IoT) are revolutionizing the functionality of connected health devices, enhancing their ability to deliver personalized care. Currently, around 50% of these devices incorporate AI-driven analytics and IoT connectivity, enabling predictive diagnostics, automated alerts, and personalized treatment plans. This integration is a major driver of market growth, as consumers and healthcare providers increasingly seek smarter, data-driven health solutions.
Growing Consumer Awareness and Digital Health Adoption
Consumer awareness of digital health and wellness technologies has surged, with approximately 65% of users prioritizing connected devices for real-time health monitoring and lifestyle management. This trend is further supported by the rapid adoption of telehealth and mobile health applications, which provide convenient, on-demand access to healthcare, significantly boosting device utilization rates.
Global Connected Health And Wellness Devices Market Recent Developments
-
In April 2024, Tembo Health, a telemedicine provider for seniors, partnered with Springwell Senior Living, a 250-resident community in northwest Baltimore. This collaboration will integrate Tembo Health's telemedicine services, enhancing residents' access to convenient healthcare solutions across independent living, assisted living, and memory care.
-
In February 2024, HealthSnap and Chronic Care Management solutions for healthcare providers successfully raised $25 million in Series B funding. The round was led by Sands Capital, with participation from new investors Comcast Ventures and the Florida Opportunity Fund.
Segment Analysis
In this report, the Global Connected Health And Wellness Devices Market has been segmented by Type, Product, End Users and Geography.
Global Connected Health And Wellness Devices Market, Segmentation by Type
The Global Connected Health And Wellness Devices Market has been segmented by Type into Healthcare IT, Health information exchange, and Healthcare analytics
Healthcare IT
Healthcare IT leads the connected health and wellness devices market with approximately 45% market share. This category includes electronic health records (EHRs), telemedicine platforms, and mobile health technologies that enable remote monitoring and digital care delivery. The growing emphasis on digital transformation and patient-centric care is driving rapid adoption.
Health Information Exchange (HIE)
Health Information Exchange (HIE) contributes nearly 30% to the market. HIE systems facilitate secure data exchange between hospitals, clinics, and labs, enabling interoperability and continuity of care. Rising government initiatives aimed at streamlining healthcare communication are supporting the growth of this segment.
Healthcare Analytics
Healthcare analytics makes up about 25% of the market. It plays a pivotal role in turning raw health data into actionable insights using tools like predictive modeling, AI, and machine learning. As providers shift toward outcome-based healthcare, demand for robust analytics platforms continues to surge.
Global Connected Health And Wellness Devices Market, Segmentation by Product
Personal Medical Devices
Personal medical devices dominate the connected health and wellness market, holding roughly 50% share. This category includes critical tools like insulin pumps, glucose monitors, BP monitors, portable GPS PERS, pulse oximeters, personal ECGs, and smart pill dispensers. Rising demand for real-time chronic disease management and remote patient monitoring is propelling growth.
Wellness Products
Wellness products make up around 30% of the market and cater to the growing consumer focus on fitness and preventive care. Devices such as digital pedometers, heart rate monitors, GPS sports watches, body analyzers, and sleep quality monitors empower users to track and optimize their health on a daily basis.
Software & Services
Software and services contribute approximately 20% to the market. This segment includes online health subscriptions, fitness and wellness apps, and other digital tools that enhance user engagement, data tracking, and personalized health recommendations. The rise of AI-integrated platforms is further strengthening this segment.
Global Connected Health And Wellness Devices Market, Segmentation by End Users
The Global Connected Health And Wellness Devices Market has been segmented by End Users into Hospitals, Individual customers, and Others.
Hospitals
Hospitals lead in adopting connected health and wellness devices, contributing about 45% of global usage. These institutions leverage connected technologies for remote patient monitoring, chronic disease management, and telehealth integration, improving both clinical outcomes and operational efficiency. The need to reduce readmission rates and deliver value-based care continues to drive hospital adoption.
Individual Customers
Individual consumers make up nearly 40% of the market. Widespread adoption of wearable health devices, such as smartwatches, pedometers, and home-use medical monitors, reflects a growing focus on self-care and preventive health management. Increased smartphone penetration and user-friendly health apps are fueling this segment’s expansion.
Others
The others segment, comprising corporate wellness programs, fitness chains, and insurance firms, accounts for approximately 15%. These entities deploy connected wellness devices to incentivize healthy behavior, monitor health risk factors, and lower employee healthcare costs, contributing to the broader ecosystem of connected care.
Global Connected Health And Wellness Devices Market, Segmentation by Geography
In this report, the Global Connected Health And Wellness Devices Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Regions and Countries Analyzed in this Report
Global Connected Health And Wellness Devices Market Share (%), by Geographical Region, 2024
North America
North America leads the global connected health and wellness devices market, capturing nearly 38% share. This dominance is driven by the region's advanced digital health infrastructure, widespread use of wearables and remote monitoring technologies, and strong regulatory support for digital healthcare innovation.
Europe
Europe holds around 27% of the global market. With increasing focus on preventive care, mobile health integration, and health data exchange platforms, countries like Germany, France, and the UK are rapidly adopting connected health solutions supported by regional digital health strategies.
Asia Pacific
Asia Pacific accounts for approximately 22% and shows the highest growth potential. The region's expanding tech-savvy population, rise in chronic diseases, and improving healthcare access are fueling demand for smart health monitoring across India, China, and Japan.
Middle East & Africa
Middle East & Africa make up nearly 7% of the global market. Healthcare innovation in the Gulf Cooperation Council (GCC) countries and growing investment in digital wellness platforms are steadily advancing adoption of connected health technologies.
Latin America
Latin America contributes around 6% to the market. Efforts in healthcare digitization, public health campaigns, and increased availability of affordable wellness devices are helping boost market penetration in countries such as Brazil, Mexico, and Chile.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Connected Health And Wellness Devices Market. These factors include; Market Drivers, Restraints and Opportunities Analysis,
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
---|---|---|---|---|---|
Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing consumer focus on personal health
- Rapid adoption of wearable health devices
- Integration of IoT in healthcare systems
-
Rise in chronic lifestyle-related conditions - The increasing prevalence of chronic lifestyle-related diseases such as diabetes, cardiovascular conditions, and hypertension is accelerating the demand for connected health and wellness devices. These conditions require consistent health monitoring, and consumers are turning to digital tools like fitness bands and remote tracking devices that provide real-time data and support proactive care.
With the integration of mobile applications and cloud-based platforms, users now have access to continuous health tracking, medication alerts, and instant sharing of data with their healthcare providers. This not only supports better disease management but also improves treatment outcomes and reduces the frequency of hospital visits.
Populations across both emerging and developed markets are increasingly adopting these technologies due to rising health awareness and the benefits of early detection. The elderly demographic, in particular, is contributing significantly to the demand for these devices, leading to more tailored innovations in the segment.
As healthcare systems shift towards preventive and personalized care, connected devices are becoming critical in monitoring chronic conditions. Their ability to detect abnormalities and deliver data-driven insights ensures timely interventions, improving patient care and fueling market growth.
Restraints
- High device cost limits accessibility
- Concerns over data privacy and security
- Lack of standardization across platforms
-
Limited internet connectivity in rural areas - A major obstacle for this market is the lack of reliable internet connectivity in rural and remote regions. These devices depend on uninterrupted access to cloud systems and mobile applications for real-time monitoring, which becomes difficult in areas with poor digital infrastructure.
In many developing nations, the digital divide restricts access to advanced health monitoring tools. Without consistent internet or mobile coverage, patients cannot effectively use features like live tracking or remote consultations, which limits the devices’ usability and benefit.
Healthcare professionals in underserved areas also face difficulties in receiving timely patient data. This restricts their ability to offer personalized treatment plans or monitor ongoing health progress, creating a gap in care quality between urban and rural areas.
To bridge this disparity, it is essential to invest in upgrading broadband infrastructure. Without these foundational improvements, the adoption and impact of connected wellness devices will remain confined to digitally mature regions, leaving others behind.
Opportunities
- Growing demand for remote health monitoring
- Expansion of telemedicine and virtual care
- AI-powered analytics for personalized wellness
-
Surge in digital health startups and funding - The surge of digital health startups and increased venture capital interest is opening significant opportunities in the connected health and wellness devices market. These startups are developing innovative solutions, including wearable sensors, AI-powered trackers, and remote monitoring platforms, to meet evolving healthcare needs.
Backed by government support and private investment, startups are offering scalable, user-friendly, and cost-effective technologies that address specific consumer and clinical demands. Their agile approach allows faster development and deployment, especially in areas underserved by traditional medical technologies.
In addition to hardware, many of these companies focus on improving data integration, analytics, and user experience. Enhanced software capabilities, including secure health data sharing and real-time feedback, make the entire ecosystem more effective and patient-centric.
The continuous innovation by startups ensures a dynamic and responsive market. By collaborating with established companies or entering new markets, they help expand the range and reach of connected health solutions, significantly driving global market growth.
Competitive Landscape Analysis
Key players in Global Connected Health And Wellness Devices Market include;
- Omron Healthcare, Inc.
- McKesson Corporation
- Philips Healthcare Company
- GE Healthcare, Inc.
- Draeger Medical Systems, Inc.
- Fitbit, Inc.
- St. Jude Medical, Inc.
- Medtronic Plc
- Aerotel Medical System Ltd.
- Boston Scientific Corporation
- Body Media, Inc.
- Garmin International, Inc.
- Microlife Corporation
- Masimo Corporation
- AgaMatrix, Inc.
- Apple, Inc.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Product
- Market Snapshot, By End Users
- Market Snapshot, By Region
- Global Connected Health And Wellness Devices Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
-
Increasing consumer focus on personal health
Rapid adoption of wearable health devices
Integration of IoT in healthcare systems
Rise in chronic lifestyle-related conditions
- Restraints
- High device cost limits accessibility
- Concerns over data privacy and security
- Lack of standardization across platforms
- Limited internet connectivity in rural areas
- Opportunities
- Growing demand for remote health monitoring
- Expansion of telemedicine and virtual care
- AI-powered analytics for personalized wellness
- Surge in digital health startups and funding
-
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Connected Health And Wellness Devices Market, By Type, 2021 - 2031 (USD Million)
- Healthcare IT
- Health Information Exchange
- Healthcare Analytics
- Global Connected Health And Wellness Devices Market, By Product, 2021 - 2031 (USD Million)
- Personal Medical Devices
- Insulin Pump
- BP Monitor
- Portable GPS PERS
- Glucose Monitor
- Personal Plus Oximeter
- Smart Pill Dispenser
- Personal ECG
- Wellness products
- Digital Pedometer
- Body Analyzer
- GPS Sports Watch
- Heart Rate Monitor
- Sleep Quality Monitor
- Software & services
- Online Subscription
- Fitness & Wellness App
- Others
- Personal Medical Devices
- Global Connected Health And Wellness Devices Market, By End Users, 2021 - 2031 (USD Million)
- Hospitals
- Individual Customers
- Others
- Global Connected Health And Wellness Devices Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Connected Health And Wellness Devices Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Omron Healthcare, Inc.
- McKesson Corporation
- Philips Healthcare Company
- GE Healthcare, Inc.
- Draeger Medical Systems, Inc.
- Fitbit, Inc.
- St. Jude Medical, Inc.
- Medtronic Plc
- Aerotel Medical System Ltd.
- Boston Scientific Corporation
- Body Media, Inc.
- Garmin International, Inc.
- Microlife Corporation
- Masimo Corporation
- AgaMatrix, Inc.
- Apple, Inc.
- Company Profiles
- Analyst Views
- Future Outlook of the Market