Global Connected Health M2M Services Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Service Type;

Professional Services and Managed Services.

By Connections;

Consumers, and Healthcare Service Providers.

By Application;

Remote Patient Monitoring, Clinical Monitoring, Fitness and Wellness, Assisted Living, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn145166504 Published Date: February, 2025 Updated Date: March, 2025

Introduction

Global Connected Health M2M Services Market (USD Million), 2021 - 2031

In the year 2024, the Global Connected Health M2M Services Market was valued at USD 15405.22 million. The size of this market is expected to increase to USD 34056.03 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.0%.

The Global Connected Health M2M Services Market represents a dynamic landscape at the intersection of healthcare and technology, offering immense potential for transformative impact. Machine-to-Machine (M2M) services in connected health enable seamless communication between medical devices, sensors, and healthcare systems, facilitating remote monitoring, data collection, and analysis. This interconnected ecosystem empowers healthcare providers with real-time insights, enhances patient care, and fosters proactive intervention strategies.

One of the primary drivers of the growth in the connected health M2M services market is the increasing adoption of wearable devices and remote monitoring solutions. These technologies enable individuals to track vital health metrics, such as heart rate, blood pressure, and physical activity, in real-time, promoting proactive management of chronic conditions and preventive healthcare practices. Moreover, the proliferation of smartphones and advanced connectivity infrastructure has expanded the reach of connected health solutions, enabling patients in remote areas to access quality care and services.

The growing emphasis on value-based care and the need for cost containment in healthcare systems are driving the demand for connected health M2M services. These solutions offer opportunities for healthcare organizations to improve operational efficiency, reduce hospital readmissions, and optimize resource utilization through remote patient monitoring and personalized interventions. Additionally, government initiatives and regulations promoting the adoption of digital health technologies further fuel market growth by incentivizing investment in connected health infrastructure and services.

Despite the promising prospects, the connected health M2M services market faces challenges related to data privacy, security, and interoperability. Safeguarding sensitive health information and ensuring compliance with regulatory requirements remain paramount concerns for healthcare stakeholders. Moreover, achieving seamless integration and interoperability among disparate systems and devices poses technical challenges that need to be addressed to unlock the full potential of connected health solutions. Nevertheless, with ongoing advancements in technology and concerted efforts from industry stakeholders, the global connected health M2M services market is poised for sustained growth and innovation, driving improvements in healthcare delivery and patient outcomes.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Service Type

    2. Market Snapshot, By Connections
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Connected Health M2M Services Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological advancements
        2. Rising healthcare costs
        3. Growing demand for remote monitoring
        4. Increasing prevalence of chronic diseases
      2. Restraints
        1. Security and privacy concerns
        2. Lack of interoperability standards
        3. Limited healthcare infrastructure in rural areas
        4. Regulatory hurdles and compliance issues
      3. Opportunities
        1. Expansion of telemedicine services
        2. Integration with wearable devices
        3. Emerging markets adoption
        4. Collaborations with technology firms
    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 M2M Services Market, By Service Type, 2021 - 2031 (USD Million)
      1. Professional Services
      2. Managed Services
    2. Global Connected Health M2M Services Market, By Connections, 2021 - 2031 (USD Million)
      1. Consumers
      2. Healthcare Service Providers
    3. Global Connected Health M2M Services Market, By Application, 2021 - 2031 (USD Million)
      1. Remote Patient Monitoring
      2. Clinical Monitoring
      3. Fitness and Wellness
      4. Assisted Living
      5. Others
    4. Global Connected Health M2M Services 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. Apple
      2. athenahealth
      3. GE Healthcare
      4. Stanley Healthcare Solutions
      5. Honeywell HomeMed
      6. HP Enterprise Services
      7. Qualcomm
      8. Voxiva
      9. Zebra Technologies
      10. Cisco Systems
  7. Analyst Views
  8. Future Outlook of the Market