Connected Health and Wellness Solutions Market Growth, Size, Trends, Revenue and Future Challenges
Connected Health and Wellness Solutions Market Growth, Size, Trends Analysis - By Product, By Function, By Application, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Mar-2025 | Report ID: HLCA2589 | Pages: 1 - 233 | Formats*: |
| Category : Healthcare | |||
Connected Health and Wellness Solutions Market Introduction and Overview
According to SPER Market Research, the Global Connected Health and Wellness Solutions Market is estimated to reach USD 422.34 billion by 2034 with a CAGR of 20.53%.
The report includes an in-depth analysis of the Global Connected Health and Wellness Solutions Market, including market size and trends, product mix, Applications, and supplier analysis. The global connected health and wellness solutions market is expected to reach USD 65.27 billion in 2024, with a CAGR of 20.53% from 2025 to 2034. The market is growing due to a variety of causes. These include the increasing prevalence of chronic diseases, rising healthcare expenses, and the growing use of wearable gadgets and smartphone apps for health monitoring.
By Product Insights: The software and services category in wellness and health has the largest market share, driven by the demand for value-based healthcare and the increasing use of online health subscriptions. In October 2023, Ricoh USA, Inc. launched RICOH Remote Patient Monitoring (RPM) Enablement, a managed services solution for health systems aimed at improving RPM workflows and efficiency. The demand for personalized and convenient medical services is also boosting growth in this segment within the connected health and wellness industry.
By Function Insights: The telehealth segment led the market in 2024 and is predicted to grow the fastest due to the rising use of telehealth services. This growth is supported by improvements in healthcare infrastructure and increased spending in emerging economies. Additionally, a greater emphasis on monitoring elderly patients and the introduction of wearable remote devices will boost market expansion.
By Application Insights: The wellness and prevention segment had the largest market share in 2024 and is expected to grow the fastest in the future. Increased awareness of health and wellbeing is likely to drive this growth. In January 2022, OMRON Healthcare, Inc. launched remote patient monitoring services with a mobile app and connected blood pressure monitors worldwide, enhancing digital health services for heart health. Additionally, technology advancements like wearable devices and health trackers are helping people easily monitor their health, further boosting the wellness and prevention segment.
By End-User Insights: The hospitals and clinics segment had the largest revenue share in 2024. This growth is due to the rising use of digital health technologies in healthcare to enhance patient care. Hospitals and clinics are investing in connected health solutions like remote monitoring, telemedicine, and digital platforms to improve service delivery and quality of care.
Regional Insights: North America led the global health and wellness solutions market in 2024, capturing a significant revenue share. This growth is driven by increased use of digital health technologies by both providers and consumers. The region's strong healthcare infrastructure enables remote monitoring, telemedicine, and health data systems. Supportive regulations and reimbursement policies also boost the market. Additionally, rising awareness of health issues and technological advancements in wearables are increasing demand for personalized healthcare solutions.
Market Competitive Landscape:
The connected health and wellness solutions market is extremely competitive, with major companies including OMRON Healthcare, Inc, Koninklijke Philips N.V, GE Healthcare, Drägerwerk AG & Co. KGaA, Fitbit LLC, Medtronic, and Abbott. Major corporations are implementing a variety of measures to meet their consumers' unmet requirements, including new product creation, collaborations, acquisitions, mergers, and regional expansion.
Recent Developments:
- In April 2024, Tembo Health, a telemedicine provider for seniors, partnered with Springwell Senior Living, a senior community in northwest Baltimore with 250 residents. This partnership will provide residents with easier access to healthcare services.
- In March 2024, Garmin Malaysia launched the HRM-Fit, a heart rate monitor designed for women. Its clip-on design attaches to medium- and high-support sports bras for comfort and accurate heart rate tracking.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Product, By Function, By Application, By End-User. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | OMRON Healthcare, Inc, Koninklijke Philips N.V, GE Healthcare, Dragerwerk AG & Co. KGaA, Fitbit LLC, Medtronic, Abbott, Boston Scientific Corporation, Garmin International, Inc, Apple, Inc, Masimo Corporation, ResMed. and others. |
Key Topics Covered in the Report:
- Global Connected Health and Wellness Solutions Market Size (FY’2021-FY’2034)
- Overview of Global Connected Health and Wellness Solutions Market
- Segmentation of Global Connected Health and Wellness Solutions Market By Product (Personal Medical Devices, Wellness Products, Software & Services)
- Segmentation of Global Connected Health and Wellness Solutions Market By Function (Clinical Monitoring, Telehealth)
- Segmentation of Global Connected Health and Wellness Solutions Market By Application (Diagnosis & Treatment, Wellness & Prevention, Monitoring, Others)
- Segmentation of Global Connected Health and Wellness Solutions Market By End-User (Hospitals & Clinics, Home Monitoring)
- Statistical Snap of Global Connected Health and Wellness Solutions Market
- Expansion Analysis of Global Connected Health and Wellness Solutions Market
- Problems and Obstacles in Global Connected Health and Wellness Solutions Market
- Competitive Landscape in the Global Connected Health and Wellness Solutions Market
- Details on Current Investment in Global Connected Health and Wellness Solutions Market
- Competitive Analysis of Global Connected Health and Wellness Solutions Market
- Prominent Players in the Global Connected Health and Wellness Solutions Market
- SWOT Analysis of Global Connected Health and Wellness Solutions Market
- Global Connected Health and Wellness Solutions Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Connected Health and Wellness Solutions Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Connected Health and Wellness Solutions Market
7. Global Connected Health and Wellness Solutions Market, By Product (USD Million) 2021-2034
7.1. Personal Medical Devices
7.1.1. Insulin Pump7.1.2. BP Monitor7.1.3. Glucose Monitor7.1.4. Personal Pulse Oximeter7.1.5. Others
7.2. Wellness Products
7.2.1. Digital Pedometer7.2.2. Body Analyzer7.2.3. Heart Rate Monitor7.2.4. Sleep Quality Monitor7.2.5. Others
7.3. Software & Services
7.3.1. Online Subscription7.3.2. Fitness & Wellness App7.3.3. Others
8. Global Connected Health and Wellness Solutions Market, By Function (USD Million) 2021-2034
8.1. Clinical Monitoring8.2. Telehealth
9. Global Connected Health and Wellness Solutions Market, By Application (USD Million) 2021-2034
9.1. Diagnosis & Treatment9.2. Wellness & Prevention9.3. Monitoring9.4. Others
10. Global Connected Health and Wellness Solutions Market, By End-User (USD Million) 2021-2034
10.1. Hospitals & Clinics10.2. Home Monitoring
11. Global Connected Health and Wellness Solutions Market, (USD Million) 2021-2034
11.1. Global Connected Health and Wellness Solutions Market Size and Market Share
12. Global Connected Health and Wellness Solutions Market, By Region, (USD Million) 2021-2034
12.1. Asia-Pacific
12.1.1. Australia12.1.2. China12.1.3. India12.1.4. Japan12.1.5. South Korea12.1.6. Rest of Asia-Pacific
12.2. Europe
12.2.1. France12.2.2. Germany12.2.3. Italy12.2.4. Spain12.2.5. United Kingdom12.2.6. Rest of Europe
12.3. Middle East and Africa
12.3.1. Kingdom of Saudi Arabia12.3.2. United Arab Emirates12.3.3. Qatar12.3.4. South Africa12.3.5. Egypt12.3.6. Morocco12.3.7. Nigeria12.3.8. Rest of Middle-East and Africa
12.4. North America
12.4.1. Canada12.4.2. Mexico12.4.3. United States
12.5. Latin America
12.5.1. Argentina12.5.2. Brazil12.5.3. Rest of Latin America
13. Company Profile
13.1. OMRON Healthcare, Inc
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Koninklijke Philips N.V
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. GE Healthcare
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Dragerwerk AG & Co. KGaA
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Fitbit LLC
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Medtronic
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Abbott
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Boston Scientific Corporation
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Garmin International, Inc
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. Apple, Inc
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. Masimo Corporation
13.11.1. Company details13.11.2. Financial outlook13.11.3. Product summary13.11.4. Recent developments
13.12. ResMed
13.12.1. Company details13.12.2. Financial outlook13.12.3. Product summary13.12.4. Recent developments
13.13. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
These include the increasing prevalence of chronic diseases, rising healthcare expenses, and the growing use of wearable gadgets and smartphone apps for health monitoring.
Connected Health and Wellness Solutions Market is projected to reach USD 422.34 billion by 2034, growing at a CAGR of 20.53% during the forecast period.
Connected Health and Wellness Solutions Market grew in Market size from 2025. The Market is expected to reach USD 422.34 billion by 2034, at a CAGR of 20.53% during the forecast period.
Connected Health and Wellness Solutions Market CAGR of 20.53% during the forecast period.
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Connected Health and Wellness Solutions Market size is USD 422.34 billion from 2025 to 2034.
Connected Health and Wellness Solutions Market is covered By Product, By Function, By Application, By End-User.
The North America is anticipated to have the highest Market share in the Connected Health and Wellness Solutions Market.
The key players in the Market include Companies Covered OMRON Healthcare, Inc, Koninklijke Philips N.V, GE Healthcare, Dragerwerk AG & Co. KGaA, Fitbit LLC, Medtronic, Abbott, Boston Scientific Corporation, Garmin International, Inc, Apple, Inc, Masimo Corporation, ResMed. and others.
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