As per MRFR analysis, the US Connected Healthcare Market Size was estimated at 14.73 (USD Million) in 2023. The US Connected Healthcare Market is expected to grow from 19.2 (USD Million) in 2024 to 86.4 (USD Million) by 2035. The US Connected Healthcare Market CAGR (growth rate) is expected to be around 14.652% during the forecast period (2025 - 2035).
A number of important market factors are causing a major shift in the US connected healthcare sector. By enabling telehealth services and remote patient monitoring, wearable technology and rising smartphone adoption have completely changed the way healthcare is delivered.
Healthcare providers are adopting connected healthcare solutions that improve patient engagement and results in response to the increase in chronic diseases. The market's growth was also accelerated by the COVID-19 pandemic, which sparked a move towards digital health solutions and led to governmental changes and regulatory support for telemedicine and virtual healthcare.
The market is full with opportunities, especially given the aging population and the rising need for individualized care. Health systems are looking into ways to improve decision-making by integrating advanced analytics and streamlining patient data management.
In order to develop cutting-edge platforms and applications that meet the various demands of patients, new alliances between digital firms and healthcare providers are starting to form. Recently, US firms have been concentrating on diversifying their product lines by integrating machine learning and artificial intelligence into linked healthcare products.
Improved diagnostic skills, predictive analytics, and individualized treatment regimens that improve patient experiences are the results of this trend. Wearables that provide proactive health insights in addition to tracking health data are becoming more and more popular.
Interoperability across healthcare systems and devices is still crucial as the healthcare landscape changes, setting up the US market for future development and better healthcare delivery.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Increase in Chronic Disease Prevalence
The rise in chronic diseases such as diabetes, cardiovascular diseases, and obesity in the US is a major driver for the US Connected Healthcare Market.
According to the Centers for Disease Control and Prevention, approximately 6 in 10 adults in the US have at least one chronic disease, leading to a significant demand for connected healthcare solutions that enable remote monitoring and management of these conditions.
This is particularly important as the total healthcare spending in the US reached about 3.8 trillion USD in 2020, with a substantial portion allocated to managing chronic diseases.
The need for efficient healthcare solutions drives the market for innovative connected health technologies aimed at improving patient outcomes and reducing healthcare costs. Major companies like Philips and Medtronic are investing in connected health solutions that provide real-time data access, leading to enhanced disease management and improved patient engagement.
Technological Advancements in Healthcare
Recent advancements in technology, particularly in telehealth and mobile health applications, are significantly propelling the US Connected Healthcare Market. The widespread adoption of smartphones and wearable devices has facilitated improved communication between patients and providers.
A report by the Office of the National Coordinator for Health Information Technology indicates that around 90% of US adults own a smartphone, and 50% own a wearable fitness tracker. These technologies not only help in monitoring health metrics in real-time but also support telemedicine services that became essential during the COVID-19 pandemic.
Companies like Teladoc Health and Apple are at the forefront of this trend, creating platforms and devices that bridge the gap between patients and healthcare providers, thus enhancing remote patient monitoring and overall healthcare delivery.
Government Initiatives and Funding
US government initiatives aimed at enhancing healthcare access and adopting digital health technologies are driving the growth of the US Connected Healthcare Market. The Department of Health and Human Services has launched several initiatives, including the Health Information Technology for Economic and Clinical Health Act, which encourages electronic health record adoption.
The federal government has allocated billions in funding for health IT transformation projects, which aim to streamline healthcare and improve patient engagement. The support from federal bodies and agencies fosters a conducive environment for innovation, facilitating partnerships between technology companies and healthcare providers.
Organizations like the American Medical Association have also played a significant role in promoting and advocating for connected health technologies, making it easier for providers to integrate these solutions into their practices
The US Connected Healthcare Market has been experiencing notable growth, with a strong focus on different segments classified under the Type category, which includes M-Health Services, M-Health Devices, and E-Prescription.
M-Health Services facilitate a new avenue for healthcare delivery, allowing for remote monitoring and consultations that significantly improve patient engagement and healthcare access, especially in the wake of a rapidly aging population and increasing chronic diseases in the United States.
This segment has emerged as a preferable choice for both patients and healthcare providers, leading to better management of health outcomes. Meanwhile, M-Health Devices have gained traction as an integral part of the healthcare ecosystem, incorporating wearables and mobile applications that track vital signs and overall wellness, effectively harnessing technology to promote healthier lifestyles for users.
These devices serve as valuable tools in preventive care, empowering consumers to take charge of their health, thus driving their popularity. E-Prescription is another critical segment transforming the way medications are administered, allowing for seamless communication between healthcare providers and pharmacies.
This segment reduces prescription errors, enhances medication adherence, and streamlines pharmacy processes, thus contributing to safer patient experiences and overall healthcare efficiency.
The combination of these segments within the US Connected Healthcare Market creates a robust framework that supports the ongoing digital transformation of healthcare, catering to evolving patient needs, enhancing convenience, and promoting better health outcomes.
The growth of the Internet of Things (IoT) and advancements in telecommunications are additional factors fueling the market's rapid expansion, as they enable unprecedented connectivity and data exchange.
Despite the promising growth trajectory, challenges such as data privacy and cybersecurity concerns persist, requiring deliberate strategies to ensure consumer trust in these technologies. As such, the US Connected Healthcare Market is poised for continuous growth as innovations emerge, while embracing these challenges will ultimately enhance the efficacy and reliability of healthcare delivery systems.
The increasing focus on healthcare analytics, patient-centric care, and integration of artificial intelligence further adds to the evolving landscape, indicating a bright future for Connected Healthcare in the US.
Overall, the Type segmentation in the US Connected Healthcare Market is essential, as it reflects a convergence of technology and healthcare aimed at improving health outcomes for a diverse patient population.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The US Connected Healthcare Market, particularly in the Application segment, is experiencing substantial growth and transformation, shaping the way healthcare services are delivered. With an increasing focus on patient-centered care, Monitoring and Diagnosis applications are crucial for early detection and management of health conditions, significantly improving patient outcomes.
The Treatment segment is evolving with advanced technology integration, enhancing therapeutic effectiveness and patient compliance. Education and Awareness applications play a vital role in empowering patients, providing them with essential information regarding health management.
Additionally, Healthcare Management solutions streamline operations and improve service delivery within healthcare facilities, contributing to operational efficiency. The Wellness and Prevention categories emphasize proactive health measures, reflecting a significant shift towards preventive care in the US.
This growing interest in maintaining health rather than just treating illness denotes a paradigm change in outlook towards healthcare. The combination of these applications showcases the versatility and extensive reach of the US Connected Healthcare Market, indicating a robust infrastructure poised to leverage data for health improvement and management across diverse demographics.
US Connected Healthcare Market Key Players and Competitive Insights:
The US Connected Healthcare Market is experiencing significant growth driven by advancements in digital health technologies and rising demand for integrated healthcare solutions. This market encompasses a wide range of applications, leveraging the Internet of Things (IoT), cloud computing, mobile health apps, and telehealth services.
The competitive landscape is characterized by the presence of major players and emerging startups, all striving to enhance patient outcomes, streamline healthcare delivery, and improve access to medical services.
Companies are increasingly focusing on partnerships, collaborations, and technological innovations to maintain their competitive edge. As healthcare providers, payers, and consumers become more interconnected through technology, the competitive dynamics in the market continue to evolve, presenting both challenges and opportunities for sustained growth.
Anthem is a prominent player in the US Connected Healthcare Market, recognized for its strong presence in health insurance and technology-driven solutions. The company leverages its extensive network of health plans and partnerships to provide integrated healthcare services to millions of members across the nation.
Anthem's strengths lie in its robust data analytics capabilities, enabling it to offer personalized care management solutions and improved patient engagement. By investing in telehealth and other digital health platforms, Anthem aims to enhance the accessibility of healthcare services while fostering healthier communities.
The company's strategic focus on population health management and value-based care distinguishes it as a critical player in transforming the healthcare landscape in the US.
Philips Healthcare operates as a key innovator in the US Connected Healthcare Market, focusing on delivering advanced health technology solutions. The company offers a wide array of products and services, including imaging systems, patient monitoring, and health informatics, all aimed at improving patient care and operational efficiency.
Philips Healthcare’s strengths stem from its investment in research and development, ensuring the launch of cutting-edge solutions that meet the evolving demands of healthcare providers. The company has a strong market presence, bolstered by strategic mergers and acquisitions that enhance its portfolio and capabilities in connected health.
By integrating data analytics and artificial intelligence into its products, Philips Healthcare is well-positioned to empower healthcare professionals and elevate patient outcomes in the US market. The company continues to focus on collaboration with healthcare stakeholders to drive innovations in connected care, further solidifying its role within this competitive landscape.
Key Companies in the US Connected Healthcare Market Include:
US Connected Healthcare Market Developments
Recent developments in the US Connected Healthcare Market have seen a significant emphasis on telehealth services, particularly following the COVID-19 pandemic. Companies like Teladoc Health have surged in usage as patients turned to virtual consultations, while Anthem and Cigna have expanded their offerings to enhance remote patient monitoring.
In September 2023, Medtronic announced a strategic partnership with IBM Watson Health aimed at improving diabetes management solutions. Meanwhile, in October 2023, Epic Systems reported a major update to their electronic health record system, focusing on interoperability features to streamline data sharing across platforms.
The growth of the market has also led to notable mergers; Siemens Healthineers acquired a digital health startup in July 2023 to enhance its software capabilities. As of 2023, the US Connected Healthcare Market is projected to exceed USD 100 billion in valuation, enabling companies such as GE Healthcare and Roche Diagnostics to invest further in innovative healthcare solutions.
This boom is driven by the increasing demand for efficient health services and the integration of innovative technologies, ensuring a streamlined healthcare infrastructure across the nation.
| Report Attribute/Metric | Details |
| Market Size 2023 | 14.73(USD Million) |
| Market Size 2024 | 19.2(USD Million) |
| Market Size 2035 | 86.4(USD Million) |
| Compound Annual Growth Rate (CAGR) | 14.652% (2025 - 2035) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2024 |
| Market Forecast Period | 2025 - 2035 |
| Historical Data | 2019 - 2024 |
| Market Forecast Units | USD Million |
| Key Companies Profiled | Anthem, Philips Healthcare, Medtronic, Cerner, Teladoc Health, Cigna, Siemens Healthineers, Epic Systems, Aetna, Allscripts, McKesson, UnitedHealth Group, IBM Watson Health, Roche Diagnostics, GE Healthcare |
| Segments Covered | Type, Application |
| Key Market Opportunities | Telehealth expansion, Remote patient monitoring, AI-driven diagnostics, Wearable health technology, Integration of IoT devices |
| Key Market Dynamics | increased demand for telehealth services, advancements in wearable technology, government support and funding, growing focus on patient engagement, integration of AI in healthcare |
| Countries Covered | US |
Frequently Asked Questions (FAQ) :
The US Connected Healthcare Market was valued at 19.2 million USD in 2024.
By 2035, the market is anticipated to reach a value of 86.4 million USD.
The expected CAGR for the US Connected Healthcare Market from 2025 to 2035 is 14.652%.
Major players in the market include Anthem, Philips Healthcare, Medtronic, Cerner, and Teladoc Health.
In 2024, the value for M-Health Services within the market was 8.0 million USD.
The M-Health Devices segment is projected to reach a value of 28.8 million USD by 2035.
The E-Prescription segment was valued at 4.8 million USD in 2024.
Growth opportunities in the market include the increasing adoption of telehealth and advancements in mobile health technologies.
With prominent competitors, innovation in service delivery will significantly shape the competitive landscape of the market.
Challenges in the market include regulatory complexities and concerns over data privacy and security.
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Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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