Digital Health Market size was valued at US$ 246.01 Bn. in 2021 and the total revenue is expected to grow at 14 % through 2021 to 2029, reaching nearly US$ 701.78 Bn.Digital Health Market Overview:
Integration of information technology and electronic communications with various healthcare processes is digital health. It also enables healthcare providers to prepare a diagnosis history, access health records, reduce duplicate tests, etc. Digital Health facilitates the identification of new illnesses or worsening of existing ailments while total cost reduction.To know about the Research Methodology :- Request Free Sample Report
Digital Health Market Dynamics:
An increase in demand for remote monitoring services, rise in prevalence of chronic diseases, and increase in technology are the main factors driving the market growth of digital health. Improving IT infrastructure, rising demand for remote patient monitoring services, and growing favorable government initiatives are factors expected to drive the market growth through the forecast period. Digital health requires electronic health records, e-prescriptions and apps require access to smartphones. The risk of data breaches such as cyber-attacks and unauthorized access to information technology systems is expected to hamper the market growth. Increasing funding and venture capital from healthcare providers to new startups are also expected to drive market growth through the forecast period. An increase in the smartphone has led to the massive growth of applications for healthcare needs is a major factor contributing to the market growth for the digital health market. Market trends and challenges are analyzed and compiled in the report. The data of 2020 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2017 to 2021 with market forecast until 2029.Digital Health Market Segment Analysis:
By Component, the Software segment dominated the market with 40 % in 2020. The acceptance rate of the latest mobile applications in healthcare has increased the software segment. The software segment is expected to grow at a CAGR of 4.9 % through the forecast period. Electronic health records, mHealth, healthcare analytic, etc., and rising awareness among consumers about digital health to maintain track of daily activities are divisions that are expected to drive the market growth through the forecast period. The hardware segment is expected to grow at a CAGR of 3 % through the forecast period. An increase in the number of investments in digital infrastructure and a decrease in demand for software upgrades and installation are factors expected to drive the market growth through the forecast period.By Categories, mHealth dominated the market with a 22 % share in 2021. The growing prevalence of cardiovascular diseases and related mobile devices for diseases is driving the market growth. mHealth is expected to grow at a CAGR of 4.2% through the forecast period. An increase in demand for remote monitoring devices, a surge in the number of smartphone users, and the prevalence of hypertension are factors expected to drive the market growth for the segment through the forecast period. Telemedicine is expected to grow at a CAGR of 5.2 % through the forecast period. Relaxing regulatory standards reduced cost than traditional care and pandemic has led people more comfortable with digital interactions. These factors are expected to drive the market growth through the forecast period. By End Users, Health care providers dominated the market with a 30 % share in 2021. The increasing prevalence of chronic diseases, hypertension, demand for mHealth apps, and innovations in technologies in health care sectors are factors driving the market growth. The Healthcare consumers segment is expected to grow at a CAGR of 2.7 % through the forecast period. Rising awareness towards fitness and remote monitoring services are the factors expected to drive the market growth.
Digital Health Market Regional Insights:
The North American region dominated the market with a 28 % share in 2021. Increasing usage in m Health apps. An increasing number of chronic diseases, smartphone users, and the presence of major key players are major factors driving the market growth of this region. It is expected to grow at a CAGR of 6 % through the forecast period. Rising implementation of HER in ambulatory care hospital-owned, developed health IT infrastructure and government initiatives for digital health technologies implementation in the healthcare sector are factors expected to drive the market growth through the forecast period. The Asia Pacific region is expected to grow at a CAGR of 17 % through the forecast period. The rise in the geriatric population, surge in demand for remote monitoring devices and increased smartphone and internet users are factors expected to drive the market growth through the forecast period. The objective of the report is to present a comprehensive analysis of the Digital Health market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Digital Health market dynamics, structure by analyzing the market segments and project the Digital Health market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Digital Health market make the report investor’s guide.Digital Health Market Scope: Inquire before buying
Global Digital Health Market Report Coverage Details Base Year: 2021 Forecast Period: 2021-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 246.01 Bn. Forecast Period 2021 to 2029 CAGR: 14% Market Size in 2029: US $ 701.78 Bn. Segments Covered: by Component • Hardware • Software • Services by Categories • Telemedicine • Data Analytics • mHealth apps • Clinical decision support • Wearable Sensors • Others by End User • Healthcare Providers • Payers • Healthcare Consumers • Others Digital Health Market, by Region
• North America • Europe • Asia Pacific • The Middle East and Africa • South AmericaDigital Health Market Key Players
• Allscripts Healthcare Solution, Inc. • Cerner Corporation • Cisco systems • eCLINICALWORKS • General Electric Company • Koninklijke Philips N.V • Honeywell International Inc. • Mckesson Corporation • Siemans Healthcare AG • Qualcomm technologies, Inc. • Samsung Electronics Co., Ltd. • HiMS • Orange • Qualcomm Technologies, Inc. • Softserve • MQure • Computer Programs and Systems, Inc. • Vocera Communications • IBM CorporationFAQ:
1] What segments are covered in Digital Health Market report? Ans. The segments covered in the Digital Health Market report are based on Component, Product and End User. 2] Which region is expected to hold the highest share in the Digital Health Market? Ans. Asia Pacific Region is expected to hold the highest share in the Digital Health Market. 3] What is the market size of Digital Health Market by 2029? Ans. The market size of Digital Health Market by 2029 is US $ 701.78 Bn. 4] Who are the top key players in the Digital Health Market? Ans. Allscripts Healthcare Solution, Inc., Cerner Corporation, Cisco systems, eCLINICALWORKS, General Electric Company, Koninklijke Philips N.V, Honeywell International Inc., Mckesson Corporation, Siemans Healthcare AG, Qualcomm technologies, Inc., Samsung Electronics Co., Ltd., HiMS, Orange, Qualcomm Technologies, Inc., Softserve, MQure, Computer Programs and Systems, Inc., Vocera Communications, IBM Corporation. 5] What was the market size of Digital Health Market in 2020? Ans. The market size of Digital Health Market in 2021 was US $ 246.01 Bn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Digital Health Market Size, by Market Value (Mn. US$) 3.1. Market Segmentation 3.2. Market Segmentation Share Analysis, 2020 3.2.1. 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Digital Health Market 3.4. Geographical Snapshot of the Digital Health Market, By Manufacturer share 4. Digital Health Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Components 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Digital Health Market 5. Supply Side and Demand Side Indicators 6. Digital Health Market Analysis and Forecast, 2020-2027 6.1. Digital Health Market Size & Y-o-Y Growth Analysis. 7. Digital Health Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 7.1.1. Hardware 7.1.2. Software 7.1.3. Services 7.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 7.2.1. Telemedicine 7.2.2. Data Analytics 7.2.3. mHealth apps 7.2.4. Clinical decision support 7.2.5. Wearable Sensors 7.2.6. Others 7.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 7.3.1. Healthcare Providers 7.3.2. Payers 7.3.3. Healthcare Consumers 7.3.4. Others 8. Digital Health Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Digital Health Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 9.1.1. Hardware 9.1.2. Software 9.1.3. Services 9.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 9.2.1. Telemedicine 9.2.2. Data Analytics 9.2.3. mHealth apps 9.2.4. Clinical decision support 9.2.5. Wearable Sensors 9.2.6. Others 9.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 9.3.1. Healthcare Providers 9.3.2. Payers 9.3.3. Healthcare Consumers 9.3.4. Others 10. North America Digital Health Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Digital Health Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 11.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 11.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 12. Canada Digital Health Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 12.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 12.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 13. Mexico Digital Health Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 13.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 13.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 14. Europe Digital Health Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 14.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 14.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 15. Europe Digital Health Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Digital Health Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 16.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 16.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 17. France Digital Health Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 17.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 17.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 18. Germany Digital Health Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 18.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 18.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 19. Italy Digital Health Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 19.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 19.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 20. Spain Digital Health Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 20.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 20.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 21. Sweden Digital Health Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 21.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 21.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 22. CIS Countries Digital Health Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 22.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 22.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 23. Rest of Europe Digital Health Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 23.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 23.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 24. Asia Pacific Digital Health Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 24.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 24.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 25. Asia Pacific Digital Health Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Digital Health Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 26.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 26.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 27. India Digital Health Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 27.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 27.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 28. Japan Digital Health Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 28.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 28.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 29. South Korea Digital Health Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 29.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 29.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 30. Australia Digital Health Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 30.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 30.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 31. ASEAN Digital Health Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 31.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 31.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 32. Rest of Asia Pacific Digital Health Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 32.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 32.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 33. Middle East Africa Digital Health Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 33.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 33.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 34. Middle East Africa Digital Health Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Digital Health Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 35.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 35.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 36. GCC Countries Digital Health Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 36.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 36.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 37. Egypt Digital Health Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 37.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 37.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 38. Nigeria Digital Health Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 38.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 38.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 39. Rest of ME&A Digital Health Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 39.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 39.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 40. South America Digital Health Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 40.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 40.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 41. South America Digital Health Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Digital Health Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 42.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 42.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 42.4. Mark 43. Argentina Digital Health Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 43.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 43.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 44. Rest of South America Digital Health Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Component, 2020-2027 44.2. Market Size (Value) Estimates & Forecast By Categories, 2020-2027 44.3. Market Size (Value) Estimates & Forecast By End User, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Digital Health Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By End User, Presence, Market Share, End Users and R&D Investment 45.2.2. New Component Launches and Component Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Allscripts Healthcare Solution, Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Component Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Cerner Corporation 45.3.3. Cisco systems 45.3.4. eCLINICALWORKS 45.3.5. General Electric Company 45.3.6. Koninklijke Philips N.V 45.3.7. Honeywell International Inc. 45.3.8. Mckesson Corporation 45.3.9. Siemans Healthcare AG 45.3.10. Qualcomm technologies, Inc. 45.3.11. Samsung Electronics Co., Ltd. 45.3.12. HiMS 45.3.13. Orange 45.3.14. Qualcomm Technologies, Inc. 45.3.15. Softserve 45.3.16. MQure 45.3.17. Computer Programs and Systems, Inc. 45.3.18. Vocera Communications 45.3.19. IBM Corporation 46. Primary Key Insights