Global Connected Healthcare Device Market

Global Connected Healthcare Device Market 2023-2033 by Product (Medical Devices, Wellness Devices, Software & Services), Device Type (Wearable, Implantable, Stationary), Application (Remote Monitoring, Consultation and Diagnosis, Treatment, Fitness and Wellness), End User (Hospitals, Clinics, ASCs, Home Care), and Region: Trend Forecast and Growth Opportunity

Global Connected Healthcare Device Market

Global Connected Healthcare Device Market 2023-2033 by Product (Medical Devices, Wellness Devices, Software & Services), Device Type (Wearable, Implantable, Stationary), Application (Remote Monitoring, Consultation and Diagnosis, Treatment, Fitness and Wellness), End User (Hospitals, Clinics, ASCs, Home Care), and Region: Trend Forecast and Growth Opportunity


Connected Healthcare Device Market by End User (Office Building Construction, Retail Construction, Hospitality Construction, Institutional Construction, Other End Users), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast - is a comprehensive report that provides insights into the market dynamics, including the key drivers, challenges, and opportunities shaping the industry landscape. It also delves into the competitive landscape, highlighting the major players and their strategies.


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Global connected healthcare device market will reach $338.6 billion by 2033, growing by 19.5% annually over 2023-2033. The growth is driven by the emergence of telehealth and telemedicine services, benefits such as reliability and effective patient monitoring, the penetration of mobile and internet technology, government initiatives, growing spending on R&D activities, and an increasing adoption of IT and IoT in healthcare.

Highlighted with 85 tables and 94 figures, this 189-page report “Global Connected Healthcare Device Market 2023-2033 by Product (Medical Devices, Wellness Devices, Software & Services), Device Type (Wearable, Implantable, Stationary), Application (Remote Monitoring, Consultation and Diagnosis, Treatment, Fitness and Wellness), End User (Hospitals, Clinics, ASCs, Home Care), and Region: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire global connected healthcare device market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2021-2023 and provides a forecast from 2024 till 2033 with 2023 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure

• Growth Drivers

• Restraints and Challenges

• Emerging Product Trends & Market Opportunities

• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global connected healthcare device market in every aspect of the classification from perspectives of Product, Device Type, Application, End User, and Region.

Based on Product, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.

• Medical Devices

o Blood Pressure Monitor

o Glucose Monitor

o Insulin Pump

o ECG Monitoring Device

o Pulse Oximeter

o Portable GPS PERS

o Smart Pill Dispenser

o Other Medical Devices

• Wellness Devices

o Body Analyzer

o Digital Pedometer

o GPS Sports Watch

o Heart Rate Monitor

o Sleep Quality Monitor

o Other Wellness Devices

• Software & Services

o Fitness & Wellness App

o Online Subscription

o Other Software & Services

Based on Device Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.

• Wearable Devices

• Implantable Devices

• Stationary Devices

By Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.

• Remote Monitoring

• Consultation and Diagnosis Services

• Treatment Services

• Fitness and Wellness Services

By End User, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.

• Hospitals

• Specialty Clinics

• Ambulatory Surgical Centers (ASCs)

• Home Care Settings

• Other End Users

Geographically, the following regions together with the listed national/local markets are fully investigated:

• North America (U.S., Canada, and Mexico)

• Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)

• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)

• South America (Brazil, Chile, Argentina, Rest of South America)

• MEA (UAE, Saudi Arabia, South Africa, and Rest of MEA)

For each region and country, detailed analysis and annual revenue ($ mn) are available for 2023-2033. The breakdown of all regional markets by country and the breakdown of each national market by Product, Device Type, and End User and Application over the forecast years are also included.

The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

Abbott Laboratories

Aerotel Medical System Ltd.

AgaMatrix, Inc.

Apple Inc.

BioTelemetry Inc.

Biotronik SE & Co. KG

Boston Scientific Corporation

DexCom Inc.

Draeger Medical Systems, Inc.

F. Hoffmann-La Roche AG

Fitbit, Inc.

Garmin Ltd.

GE Healthcare

Honeywell International Inc.

IHealth Labs (Subsidiary of Andon Health)

Johnson & Johnson

Koninklijke Philips NV

McKesson Corporation

Medtronic PLC

NXP Semiconductors NV

Omron Healthcare Inc.

Phillips Healthcare Company

Siemens Healthcare Private Limited

Stanley Healthcare

(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

1 Introduction 10

1.1 Industry Definition and Research Scope 10

1.1.1 Industry Definition 10

1.1.2 Research Scope 11

1.2 Research Methodology 14

1.2.1 Overview of Market Research Methodology 14

1.2.2 Market Assumption 15

1.2.3 Secondary Data 15

1.2.4 Primary Data 15

1.2.5 Data Filtration and Model Design 16

1.2.6 Market Size/Share Estimation 17

1.2.7 Research Limitations 18

1.3 Executive Summary 19

2 Market Overview and Dynamics 22

2.1 Market Size and Forecast 22

2.1.1 Impact of COVID-19 on World Economy 23

2.1.2 Impact of COVID-19 on the Market 28

2.1.3 Impact of Russia-Ukraine Conflict 30

2.1.4 Impact of Israel-Palestine War 32

2.2 Major Growth Drivers 33

2.3 Market Restraints and Challenges 37

2.4 Emerging Opportunities and Market Trends 40

2.5 Porter’s Fiver Forces Analysis 44

3 Segmentation of Global Market by Product 48

3.1 Market Overview by Product 48

3.2 Medical Devices 50

3.2.1 Blood Pressure Monitor 52

3.2.2 Glucose Monitor 53

3.2.3 Insulin Pump 54

3.2.4 ECG Monitoring Device 55

3.2.5 Pulse Oximeter 56

3.2.6 Portable GPS PERS 57

3.2.7 Smart Pill Dispenser 58

3.2.8 Other Medical Devices 59

3.3 Wellness Devices 60

3.3.1 Body Analyzer 62

3.3.2 Digital Pedometer 63

3.3.3 GPS Sports Watch 64

3.3.4 Heart Rate Monitor 65

3.3.5 Sleep Quality Monitor 66

3.3.6 Other Wellness Devices 67

3.4 Software & Services 68

3.4.1 Fitness & Wellness App 69

3.4.2 Online Subscription 70

3.4.3 Other Software & Services 71

4 Segmentation of Global Market by Device Type 72

4.1 Market Overview by Device Type 72

4.2 Wearable Devices 74

4.3 Implantable Devices 75

4.4 Stationary Devices 76

5 Segmentation of Global Market by Application 77

5.1 Market Overview by Application 77

5.2 Remote Monitoring 79

5.3 Consultation and Diagnosis Services 80

5.4 Treatment Services 81

5.5 Fitness and Wellness Services 82

6 Segmentation of Global Market by End User 83

6.1 Market Overview by End User 83

6.2 Hospitals 85

6.3 Specialty Clinics 86

6.4 Ambulatory Surgical Centers (ASCs) 87

6.5 Home Care Settings 88

6.6 Other End Users 89

7 Segmentation of Global Market by Region 90

7.1 Geographic Market Overview 2023-2033 90

7.2 North America Market 2023-2033 by Country 94

7.2.1 Overview of North America Market 94

7.2.2 U.S. 98

7.2.3 Canada 101

7.2.4 Mexico 103

7.3 European Market 2023-2033 by Country 105

7.3.1 Overview of European Market 105

7.3.2 Germany 109

7.3.3 U.K. 111

7.3.4 France 113

7.3.5 Spain 115

7.3.6 Italy 117

7.3.7 Netherlands 119

7.3.8 Rest of European Market 121

7.4 Asia-Pacific Market 2023-2033 by Country 123

7.4.1 Overview of Asia-Pacific Market 123

7.4.2 Japan 127

7.4.3 China 130

7.4.4 Australia 132

7.4.5 India 134

7.4.6 South Korea 136

7.4.7 Rest of APAC Region 138

7.5 South America Market 2023-2033 by Country 140

7.5.1 Argentina 143

7.5.2 Brazil 145

7.5.3 Chile 147

7.5.4 Rest of South America Market 149

7.6 MEA Market 2023-2033 by Country 150

7.6.1 UAE 153

7.6.2 Saudi Arabia 155

7.6.3 South Africa 157

7.6.4 Other National Markets 159

8 Competitive Landscape 160

8.1 Overview of Key Vendors 160

8.2 New Product Launch, Partnership, Investment, and M&A 163

8.3 Company Profiles 164

Abbott Laboratories 164

Aerotel Medical System Ltd. 166

AgaMatrix, Inc. 167

Apple Inc. 168

BioTelemetry Inc. 169

Biotronik SE & Co. KG 170

Boston Scientific Corporation 171

DexCom Inc. 172

Draeger Medical Systems, Inc. 173

F. Hoffmann-La Roche AG 174

Fitbit, Inc. 175

Garmin Ltd. 176

GE Healthcare 177

Honeywell International Inc. 178

IHealth Labs (Subsidiary of Andon Health) 179

Johnson & Johnson 180

Koninklijke Philips NV 181

McKesson Corporation 182

Medtronic PLC 183

NXP Semiconductors NV 184

Omron Healthcare Inc. 185

Phillips Healthcare Company 186

Siemens Healthcare Private Limited 187

Stanley Healthcare 188

RELATED REPORTS 189

Tables & Figures:
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Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Connected Healthcare Device Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Is the Connected Healthcare Device Market shifting its focus from growth to value?
Recognize the areas along the Connected Healthcare Device Market's value chain where players are generating value. To get a complete picture, kindly read the entire report.
What years are taken into account in the Connected Healthcare Device Market study?
The Connected Healthcare Device Market study evaluates the year spans as follows: Historical year: 2019 to 2024; Base year: 2024; Forecast period**: 2025 to 2030 [** unless otherwise stated]
What is Connected Healthcare Device Market Concentration Rate?
In addition to the Connected Healthcare Device Market share analysis by competitors, the report also includes chapters on the HHI Index, CR4, and CR8 to characterize the concentration rate and competitive character of the Connected Healthcare Device Market.
Who should consider the Connected Healthcare Device Market study?
The Connected Healthcare Device Industry stakeholders, executives, and experts, as well as individuals who need to develop consumer-friendly strategies and use technology to stay ahead of the competition.