Global Digital Health Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Technology;

Tele health (Tele medicine and Tele care), mHealth (Wearables and Apps), Digital Health Information Systems, Therapeutic Devices (Digital Medicine, Respiratory Therapy Devices, Insulin Pumps, and Others), and Others.

By Component;

Hardware, Software, and Services.

By End Users;

Business to Consumers and Business to Business.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn293021365 Published Date: October, 2024 Updated Date: December, 2024

Introduction

Global Digital Health Market (USD Million), 2020 - 2030

In the year 2023, the Global Digital Health Market was valued at USD 330.24 million. The size of this market is expected to increase to USD 2,482.65 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 33.4%.

The Global Digital Health Market encompasses a broad array of technologies and solutions designed to improve healthcare delivery, enhance patient outcomes, and optimize the efficiency of healthcare systems. This dynamic market includes telehealth, mobile health (mHealth), wearable devices, health information technology (health IT), and artificial intelligence (AI) applications in healthcare, among others. These advancements are reshaping the healthcare landscape by providing innovative ways to monitor, diagnose, and treat patients, as well as streamlining administrative processes for healthcare providers.

A variety of factors are fueling the growth of the global digital health market. The increasing adoption of smartphones and other connected devices enables patients to access health information and services anytime, anywhere. The rising prevalence of chronic diseases, an aging population, and a greater focus on preventive care are driving demand for digital health solutions. Governments and healthcare organizations around the world are investing in digital health infrastructure and supportive policies, which further accelerates market growth.

Telehealth services, including virtual consultations and remote monitoring, have gained significant traction, especially in the wake of the COVID-19 pandemic, which highlighted the need for alternative care delivery methods. Mobile health apps and wearable devices offer patients tools to track their health metrics, adhere to medication schedules, and manage chronic conditions. In parallel, health IT systems, such as electronic health records (EHRs), improve the efficiency and coordination of care across different healthcare settings.

Artificial intelligence and machine learning play a crucial role in the digital health market by enabling advanced data analytics, predictive modeling, and personalized medicine. AI-powered solutions are transforming medical diagnostics, drug discovery, and treatment planning, leading to more accurate and efficient healthcare delivery.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Component
    3. Market Snapshot, By End Users
    4. Market Snapshot, By Region
  4. Global Digital Health Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Adoption of Telehealth and mHealth Solutions:
        2. Increasing Prevalence of Chronic Diseases
        3. Government Initiatives and Support
        4. Improved Healthcare Access
        5. Rising Awareness and Acceptance of Digital Health
      2. Restraints
        1. Interoperability Issues
        2. Data Privacy and Security Concerns
        3. Dependency on Technology Infrastructure
        4. Limited Digital Literacy
      3. Opportunities
        1. Integration of AI and Machine Learning
        2. Expansion of Wearable Devices
        3. Telehealth and mHealth for Mental Health Services
        4. Customization and Personalization of Digital Health Solutions
        5. Growth in Remote Patient Monitoring
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Digital Health Market, By Technology , 2020 - 2030 (USD Million)
      1. Tele health
        1. Tele medicine
        2. Tele care
      2. mHealth
        1. Apps
        2. Wearables
      3. Digital Health Information Systems
      4. Therapeutic Devices
        1. Digital Medicine
        2. Respiratory Therapy Devices
        3. Insulin Pumps
        4. Others
      5. Others
    2. Global Digital Health Market, By Component, 2020 - 2030 (USD Million)
      1. Hardware
      2. Software
      3. Services
    3. Global Digital Health Market, By End Users, 2020 - 2030 (USD Million)
      1. Business to Consumers
      2. Business to Business
    4. Global Digital Health Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Cerner Corporation
      2. Mckesson Corporation
      3. Apple Inc.
      4. Alphabet Inc. (Google)
      5. Microsoft Corporation
      6. International Business Machines Corporation (IBM)
      7. Athenahealth Inc.
      8. Philips Healthcare
      9. GE Healthcare
      10. Siemens Healthcare
      11. Qualcomm Life Inc.
      12. Teladoc Health Inc.
      13. Epic Systems Corporation
      14. Johnson & Johnson
      15. Fitbit Inc.
      16. Agfa-Gevaert Group
      17. Infosys Limited
      18. Wipro Limited
      19. Tata Consultancy Services Limited
  7. Analyst Views
  8. Future Outlook of the Market