Advanced Healthcare Technology Market

Advanced Healthcare Technology Market Overview

The global Advanced Healthcare Technology Market size was valued at USD XX billion in 2024 and is predicted to reach USD XX.XX billion by 2030 with a CAGR of YY% from 2025-2030.

The factors such as rise in the number of ageing population, increasing investment in healthcare infrastructure along with rising adoption of fast network infrastructure and connectivity drives the market growth. However, high initial cost and infrastructure requirements hinder the growth of the market.

In contrast, rising utilization of robotics in surgery provides future opportunities to the market growth. In addition, top players in the market such as Abbott and GE Healthcare are adopting various strategies such as product launch and acquisition to keep their leading position in the market. As the market grows the demand for medical technology is foreseen to instigate further growth.

Rise in the Number of Ageing Population Drives the Advanced Healthcare Technology Market Growth

The rise in the number of elderly population fuels the demand for advanced healthcare technology, as with rising aging population arises an increasing requirement for solutions that improve care, treat chronic ailments and enhance quality of life. Technologies such as telemedicine, wearable health devices, and AI based diagnostics are becoming imperative to deliver effective, accessible and patient centric care. These technologies enable the aged population to stay in their own homes and receive proper medical treatment at the right time.

According to 2024 World Health Organization report, globally 1 out of every 6 people is projected to reach age 60 and above by the year 2030. This rise in the population of old age fuel the demand of the industry to enhance quality of life for seniors, thereby augmenting market growth.

Increasing Investment in Healthcare Infrastructure Drives the Market Growth

Increasing investment in healthcare sector drives the market growth for advanced healthcare technology. With private and government bodies investing higher amounts of money in hospital modernization and capacity expansion, there is a greater need for advanced technologies to accompany these facilities.

Enhanced healthcare infrastructure requires advanced solutions such as telemedicine systems, wearable health device and AI driven diagnostics that helps to improve the efficiency and quality of care.

As per latest report released by the World Economic Forum in 2024, health spending took up to 10% of the global economy in 2021. Such increasing investment in healthcare infrastructure is anticipated to fuel the growth of the market.

Rising Adoption of Fast Network Infrastructure and Connectivity Drives the Market Growth

The growing demand for high-speed network infrastructure and connectivity is heavily influencing the growth of the market. As a result of the healthcare systems taking up high-speed networks, telemedicine and remote patient monitoring increasingly became accessible, allowing patients to receive care at home minimizing the need for in person visit. This connectivity allows healthcare providers to consult with patients in real time irrespective of location increasing healthcare access.

In accordance with a new report by 5G Americas in 2024, in the first quarter of 2024, the global adoption of 5G connections kept rising steadily, hitting close to 2 billion with an addition of 185 million new connections. Such increase in the number of 5G connections is expected to propel the demand of sophisticated healthcare technologies driving the market growth.

High Initial Cost and Infrastructure Requirements Hinders the Advanced Healthcare Technology Market Expansion

The high expense of implementing advanced healthcare technologies such as AI software and EHR solutions provides a serious hindering factor for adoption of advance healthcare technologies.

The expense including initial purchase costs, infrastructure installation and training personnel creates a cost burden that makes it difficult for small healthcare providers, especially in low-income areas, to afford advanced technology, thereby hindering the market growth.

Incorporation of Robotics in Surgery Creates Future Opportunities

The integration of robotics in surgery is expected to create ample growth opportunity for the market in the future. The increasing use of robotics in surgery leads to an impressive improvement of patient outcomes, as it provides surgeons with greater precision and control that leads to less human error, hence promoting fewer complications in procedures.

For example, in November 2024, the Sassoon General Hospital procured its first robotic surgery machine to help with general surgeries and operation of soft tissues. Such adoption increases precision making minimally invasive procedures possible, that in turn shortens recovery times and hospitalization.

Market Segmentation and Scope of The Study

Advanced healthcare technology market report is divided on the basis of technology type, application, end-user, and region. On the basis of technology type, the market is bifurcated into artificial intelligence and machine learning, telemedicine and telehealth, robotic surgery, wearable health technology, 3D printing, and others. On the basis of application, the market is divided into diagnostics, surgery, chronic disease management, personalized medicine, drug discovery and management, and healthcare administration. On the basis of end-user, the market is bifurcated into hospitals and clinics, diagnostic laboratories, pharmaceutical companies, home healthcare providers, and research and academic institutes. Regional breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America dominates the advanced healthcare technology market share primarily due to increased health care spendings in the countries such as US and Canada. As these nations allocate more resources toward improving healthcare infrastructure and services, there is a direct effect on the demand for innovative technologies and AI driven solutions.

According to the report from the Centers for Medicare & Medicaid Services, the US healthcare spending reached USD 4.90 trillion in 2023, reflecting a growth of 7.5% throughout the year.

Such huge number in health spending drives the demand for advanced medical services fuelling the growth of advanced healthcare industry in the region.

Moreover, increasing incidence of chronic conditions such as cardiovascular and neurovascular diseases in Canada fuels the need for sophisticated medical care in the country. As such conditions require constant care and advanced treatment, demand for advanced diagnostic equipment, individualized care and efficient health care technologies such as telemedicine and AI solutions continues to rise for improved patient outcomes and optimized delivery of care.

According to a report by the American Heart Association, Cardiovascular disease is the second leading cause of death accounting for 30% of annual deaths in Canada. Such increase in the number of chronic diseases fuels the demand of advanced healthcare technology driving the market growth.

On the other hand, Asia-Pacific is the fastest growing regions for the advanced healthcare technology market demand, primarily due to increase in geriatric populations in countries including Japan. With increase in geriatric populations, advanced healthcare needs constitute an important part to monitor their health continuously thereby fuelling the market growth in the region.

According to a Carnegie Endowment for International Peace report, Japan’s aged over 65-year-old population is expected to register 35% of its total population by 2040. The increasing geriatric population boosts the demand for advance healthcare technologies, fuelling further market developments.

In addition, rising number of non-communicable diseases drives the demand of advanced healthcare technologies. With the rising number of non-communicable diseases, the demand for better diagnostic equipment, treatments and management systems is on rise.

This creates a need for the use of advanced healthcare technologies such as telemedicine, AI diagnostics and personalized medicine to enhance the quality of care for patients and manage the escalating NCD burden in the nation.

According to the recent report released by National Library of Medicine in December 2023, the incidence of non-communicable diseases is increasing at a remarkable rate in China with about 88.5% of overall deaths due to non-communicable diseases. This reflects the growing need of sophisticated healthcare technology solutions to effectively manage and assist clinical decision-making operations.

Competitive Landscape

Various players in the advanced healthcare technology industry includes Koninklijke Phillips N.V., Medtronic, Siemens Healthineers AG, Teladoc Health, Inc, GE HealthCare, Abbott, Intuitive Surgical, Oracle Health, F. Hoffmann-La Roche Ltd, Johnson & Johnson Services, Inc., Stryker Corporation, IBM Corporation, Verily, Teladoc Health, Inc., Samsung Medison Co., Ltd., Boston Scientific Corporation, and others. These market players are opting strategies including product launch and acquisition to maintain their dominance in the market.

For instance, in January 2025, Abbott, the global healthcare company launched Navitor Vision in India for the treatment of patients with symptomatic severe aortic stenosis that are at high or extreme surgical risk. Such product launch helps to expand their product offerings and business portfolio.

Additionally in April 2024, GE HealthCare acquired MIM Software, bolstering its portfolio and advancing its precision care strategy. With the addition of MIM Software, GE HealthCare aims to provide clinicians and healthcare systems with increasingly integrated and automated solutions meeting the evolving needs of providers and reinforcing a shared legacy of advanced patient care solutions.

Key Benefits

• The report provides quantitative analysis and estimations of the advanced healthcare technology market from 2025 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of the current and future advanced healthcare technology market trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the advanced healthcare technology industry is provided in the report.

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Advanced Healthcare Technology Market Key Segments

By Technology

• Artificial Intelligence and Machine Learning

• Telemedicine and Telehealth

• Robotic Surgery

• Wearable Health Technology

• 3D Printing

• Others

By Application

• Diagnostics

• Surgery

• Chronic Disease Management

• Personalized Medicine

• Drug Discovery and Management

• Healthcare Administration

By End-User

• Hospitals and Clinics

• Diagnostic Laboratories

• Pharmaceutical Companies

• Home Healthcare Providers

• Research and Academic Institutes

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Netherlands

  • Finland

  • Sweden

  • Norway

  • Russia

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

Key Players

• Koninklijke Philips N.V.

• Medtronic

• Siemens Healthineers AG

• GE HealthCare

• Abbott

• Intuitive Surgical

• Oracle Corporation

• F. Hoffmann-La Roche Ltd

• Johnson & Johnson Services, Inc.

• Stryker Corporation

• IBM Watson Health

• Verily 

• Teladoc Health, Inc.

• Samsung Medison Co., Ltd.

• Boston Scientific Corporation

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2024	USD XX Billion
Revenue Forecast in 2030	USD XX Billion
Growth Rate	CAGR of YY% from 2025 to 2030
Analysis Period	2024–2030
Base Year Considered	2024
Forecast Period	2025–2030
Market Size Estimation	Billion (USD)
Growth Factors	The rise in the number of ageing population drives the market growth. Increasing investments in healthcare infrastructure boosts the market growth. Rising adoption of fast network infrastructure and connectivity drives the market growth.
Countries Covered	28
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent to up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.