Global Connected Health And Wellness Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Healthcare IT, Health Information Exchange, and Healthcare Analytics

By 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 Others

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn501543628 Published Date: May, 2025 Updated Date: June, 2025

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 Period2025 - 2031
Base Year2024
CAGR (%)15.5 %
Market Size (2024)USD 128,510.38 Million
Market Size (2031)USD 351,740.49 Million
Market ConcentrationLow
Report Pages390
128,510.38
2024
351,740.49
2031

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Product
    3. Market Snapshot, By End Users
    4. Market Snapshot, By Region
  4. Global Connected Health And Wellness Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing consumer focus on personal health

          Rapid adoption of wearable health devices

          Integration of IoT in healthcare systems

          Rise in chronic lifestyle-related conditions

        2. Restraints
          1. High device cost limits accessibility
          2. Concerns over data privacy and security
          3. Lack of standardization across platforms
          4. Limited internet connectivity in rural areas
        3. Opportunities
          1. Growing demand for remote health monitoring
          2. Expansion of telemedicine and virtual care
          3. AI-powered analytics for personalized wellness
          4. Surge in digital health startups and funding
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Connected Health And Wellness Devices Market, By Type, 2021 - 2031 (USD Million)
      1. Healthcare IT
      2. Health Information Exchange
      3. Healthcare Analytics
    2. Global Connected Health And Wellness Devices Market, By Product, 2021 - 2031 (USD Million)
      1. Personal Medical Devices
        1. Insulin Pump
        2. BP Monitor
        3. Portable GPS PERS
        4. Glucose Monitor
        5. Personal Plus Oximeter
        6. Smart Pill Dispenser
        7. Personal ECG
      2. Wellness products
        1. Digital Pedometer
        2. Body Analyzer
        3. GPS Sports Watch
        4. Heart Rate Monitor
        5. Sleep Quality Monitor
      3. Software & services
        1. Online Subscription
        2. Fitness & Wellness App
        3. Others
    3. Global Connected Health And Wellness Devices Market, By End Users, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Individual Customers
      3. Others
    4. Global Connected Health And Wellness Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Omron Healthcare, Inc.
      2. McKesson Corporation
      3. Philips Healthcare Company
      4. GE Healthcare, Inc.
      5. Draeger Medical Systems, Inc.
      6. Fitbit, Inc.
      7. St. Jude Medical, Inc.
      8. Medtronic Plc
      9. Aerotel Medical System Ltd.
      10. Boston Scientific Corporation
      11. Body Media, Inc.
      12. Garmin International, Inc.
      13. Microlife Corporation
      14. Masimo Corporation
      15. AgaMatrix, Inc.
      16. Apple, Inc.
  7. Analyst Views
  8. Future Outlook of the Market