Connected Health and Wellness Solutions Market Report 2025

The connected health and wellness solutions market size has grown exponentially in recent years. It will grow from $68.1 billion in 2024 to $82.61 billion in 2025 at a compound annual growth rate (CAGR) of 21.3%. The growth in the historic period can be attributed to aging population and chronic diseases, digital health adoption, healthcare costs and efficiency, remote patient monitoring, and pandemic-induced demand.

The connected health and wellness solutions market size is expected to see exponential growth in the next few years. It will grow to $195.75 billion in 2029 at a compound annual growth rate (CAGR) of 24.1%. The growth in the forecast period can be attributed to increasing adoption of personalized medicine, health data interoperability, value-based care models, increasing mental health and well-being focus, healthcare access and equity, growing cybersecurity and data protection, growing demand for population health management. Major trends in the forecast period include expansion of iot devices and sensors, artificial intelligence in healthcare, wearable health technology, technological advancements, and product innovations.

The rising adoption of mHealth devices is fueling the growth of the connected health and wellness solutions market. Applications such as telemedicine and mobile monitoring on mHealth devices help track health records and provide healthcare practitioners with valuable information. mHealth devices encompass fitness trackers, smartphones, smartwatches, and more. According to International Data Group, a US-based research firm focusing on technology, worldwide shipments of wearable devices are projected to rebound in 2023, totaling 504.1 million units. This represents a 2.4% year-over-year growth, driven by continued demand for popular products like earwear and smartwatches, while other products remain stable. Consequently, the increased spending on wearable devices will enhance the demand for mHealth devices, thereby driving the connected health and wellness solutions market.

The rising prevalence of chronic diseases is anticipated to drive the growth of the connected health and wellness solutions market. Chronic diseases, lasting a year or longer and requiring ongoing medical care, significantly impact individuals' daily activities. Connected health and wellness solutions play a crucial role in managing chronic diseases, offering remote monitoring, medication adherence support, and personalized treatment to enhance patient care and treatment adherence. According to the National Center for Biotechnology Information (NCBI), it is projected that by 2050, the number of individuals aged 50 years and older with at least one chronic illness will surge by 99.5%, from 71.522 million in 2020 to 142.66 million. This increasing prevalence of chronic diseases is expected to drive the growth of the connected health and wellness solutions market.

The growing acceptance of digital health technologies is a significant trend gaining traction in the connected health and wellness solutions market. These technologies utilize software, computing platforms, sensors, and other tools to provide patients with accurate health information. Demand for digital health technologies has surged in recent years. According to Rock Health’s 2022 Digital Health Consumer Adoption Survey, 80% of participants indicated they had accessed care through telemedicine at some stage in their lives, up from 72% in 2021.

Major companies in the connected health and wellness solutions market are strategically focusing on the development of technologically advanced products to enhance remote patient monitoring and improve healthcare outcomes. One such innovative product is the ZAIDYN connected health solution. ZAIDYN, developed by ZS Associates Group, Inc., a prominent US-based management consulting and technology firm, is an AI-powered connected health solution integrated into the ZAIDYN by ZS platform. This solution aims to assist pharmaceutical firms, healthcare providers, and payers in innovating to better recognize unmet needs, engage patients, and enhance health outcomes. Launched in October 2023, the ZAIDYN Connected Health solution offers three product suites addressing healthcare gaps, including future health insights, patient engagement, and connected research.

In 2023, CVS Health, a healthcare company based in the United States, acquired Signify Health for $8 billion. This acquisition is intended to bolster CVS's value-based care strategy by providing more integrated care solutions for Medicare Advantage customers. CVS aims to develop a more connected and proactive approach to healthcare by improving home healthcare services. Signify Health is a US-based company specializing in technology and services for home-based care.

Major companies operating in the connected health and wellness solutions market include Omron Healthcare Inc., Koninklijke Philips N.V., GE Healthcare Technologies Inc., Drägerwerk AG & Co. KGaA, Fitbit LLC, Abbott Laboratories, Apple Inc., Garmin Ltd., Boston Scientific Corporation, Medtronic PLC, Masimo Corporation, ResMed Inc., NXGN Management LLC, Allscripts Healthcare LLC, Cerner Corporation, IBM Corporation, AgaMatrix Inc., Microlife AG, Aerotel Medical Systems Ltd., Mckesson Corporation, BioTelemetry Inc., Honeywell International Inc., Qualcomm Life Inc., iHealth Labs Inc.

Connected health and wellness solutions are centered around optimizing healthcare resources through the utilization of technology and devices that provide precise health information. These solutions encompass a range of devices, including BP monitors, glucose monitors, body analyzers, heart rate monitors, and fitness devices.

The primary product types within connected health and wellness solutions include personal medical devices, wellness products, and software & services. Personal medical devices are specifically designed for home consumers to measure objective data such as oxygen saturation and blood glucose levels. These devices find applications in clinical monitoring, telehealth, and various healthcare contexts, contributing to functions like diagnosis & treatment, wellness & prevention, monitoring, and more.

The connected health and wellness solutions market research report is one of a series of new reports that provides connected health and wellness solutions market statistics, including connected health and wellness solutions industry global market size, regional shares, competitors with a connected health and wellness solutions market share, detailed connected health and wellness solutions market segments, market trends and opportunities, and any further data you may need to thrive in the connected health and wellness solutions industry. This connected health and wellness solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

North America was the largest region in the connected health and wellness solutions market in 2024. The Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in connected health and wellness solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the connected health and wellness solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The connected health and wellness solutions market includes revenues earned by entities by remote health monitoring, virtual visits, and remote care programs. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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