According to a new report, published by KBV research, The Global HealthTech Market size is expected to reach $2556.39 billion by 2032, rising at a market growth of 12.6% CAGR during the forecast period.
Several key trends are shaping the direction and expansion of the HealthTech market. One major trend is the increasing consumerization of healthcare. As patients grow more tech-savvy, they expect healthcare to match the convenience and personalization found in other industries, such as banking or e-commerce. This has led to a surge in demand for patient portals, virtual care apps, and AI-powered chatbots that offer immediate support and tailored health advice.
The Healthcare IT Institutions segment captured the maximum revenue in the Global HealthTech Market by End User in 2024, thereby, achieving a market value of $1,629.30 billion by 2032. This was largely due to the widespread adoption of digital health technologies across hospitals, clinics, diagnostic centers, and other medical facilities. These institutions increasingly invested in advanced HealthTech solutions such as electronic health records (EHRs), telemedicine platforms, AI-powered diagnostic tools, and remote patient monitoring systems to enhance service delivery, improve operational efficiency, and ensure better patient outcomes.
The Hardware segment is experiencing a CAGR of 11.9 % during the forecast period. The increasing adoption of advanced medical devices and diagnostic equipment, such as wearable health monitors, imaging systems, and remote patient monitoring tools, largely drove this growth. The rising demand for connected health devices in hospitals, clinics, and home care settings contributed significantly to the segment’s expansion.
The Cloud segment led the maximum revenue in the Global HealthTech Market by Deployment in 2024, thereby, achieving a market value of $1,599.00 billion by 2032. Cloud deployment allows healthcare providers to access applications and data remotely, facilitating real-time collaboration and telehealth services. The increased use of electronic health records (EHRs) and the need for seamless data sharing across different healthcare entities further supported the adoption of cloud-based platforms.
The Telemedicine segment is exhibiting a CAGR of 11 % during the forecast period. The segment benefited from the rising demand for virtual consultations, especially after ongoing efforts to reduce physical visits to healthcare facilities. Telemedicine platforms facilitated timely access to medical professionals, reduced healthcare delivery costs, and supported chronic disease management.
Full Report: https://www.kbvresearch.com/healthtech-market/
The North America region dominated the Global HealthTech Market by Region in 2024, thereby, achieving a market value of $958.00 billion by 2032. The Europe region is anticipated to grow a CAGR of 12.2% during (2025 - 2032). Additionally, The Asia Pacific region would witness a CAGR of 13.2% during (2025 - 2032).
By End User
By Component
By Deployment
By Technology
By Geography
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