Connected Healthcare Market Poised for Nearly 30% Annual Growth Through 2034
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Connected healthcare leverages digital technologies like IoT, AI, and mobile apps to improve healthcare delivery, patient outcomes, and operations.
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Market size was $124.5B in 2024 and expected to reach $959.1B by 2034, growing at a 28.60% CAGR.
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Key drivers include demand for remote monitoring and telemedicine, need to reduce costs and improve efficiency, and patient desire for greater convenience.
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Emerging trends include remote patient monitoring, wearable health tech, telemedicine, AI-powered analytics, and blockchain for enhanced data security.
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Asia Pacific projected as fastest growing regional market due to increasing adoption of remote patient monitoring and other connected healthcare solutions.