Digital Health Market Size will reach 551.09 billion USD by 2030

According to Precedence Research, during the forecast period of 2022 to 2030, the global digital health market is estimated to develop at a compound annual growth rate (CAGR) of 16.5%. The global digital health market was valued at USD 220.16 billion in 2021, and it is predicted to exceed USD 551.09 billion by 2030. The study investigates several elements and their consequences on the growth of the digital health market.

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Growth Factor

A significant increase in the number of healthcare apps is one of the major factors that contribute to propel the market growth. For instance, as per the data published by myhealthapps blog in 2017, there were nearly 325,000 health, medical, and fitness related mobile apps in the market. Where, health apps promote more effective and efficient communication between healthcare service providers and patients those are living in remote areas.

Scope of the Digital Health Market Report

Moreover, the implementation of mobile devices is more common among the physicians. For example, according to HIMSS Mobile Technology Survey, conducted in the year 2015, 90% of the respondents were using mobile apps for patient engagement. In addition to this, nearly 40% of physicians believed that mHealth can significantly reduce the frequency of patient visits to the offices. Hence, increasing importance of mHealth and mobile devices in order to improve health outcomes along with patient care expected to positively influence the market growth.

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This report focuses on digital health market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall digital health market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Middle East & Africa, Latin America, etc.

The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Report Highlights

• In 2020, the North America region accounted the market with a revenue share of around 39% due to increasing number of geriatric population and rising prevalence of chronic diseases across the region
• The Asia Pacific exhibits the fastest growth over the forecast timeframe owing to increasing spending on healthcare infrastructure and software to promote awareness among the public
• Based on component, services captured the major market revenue accounting for nearly half of the market share in 2020 due to the significant rise in the software upgradation
• Software accounted for nearly 36% of the total market value and expected to show robust growth over the forthcoming years because of increasing demand for healthcare software, fitness apps, and various healthcare analytics platform
• In 2020, mHealth held the leading market position and accounted for a revenue share of more than 47% due to the rising penetration of internet and smartphones across the globe
• Health analytics expected to be the fastest growing segment over the forecast timeframe because of increasing advancements in the analytics platforms

In-Depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of digital health, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of digital health has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the digital health market.

Some of the prominent players in the digital health market include:

• BioTelemetry Inc
• eClinicalWorks
• Allscripts Healthcare Solutions Inc
• iHealth Lab Inc
• AT & T
• Honeywell International Inc
• Athenahealth Inc.
• Cisco Systems
• McKesson Corporation
• Koninklijke Philips N.V.
• AdvancedMD Inc.
• Cerner Corporation

Segments Covered in the Report

By Component

• Software
• Hardware
• Services

By Technology

• Telehealthcare
  • Telehealth
    • Video Consultation
    • LTC Monitoring
  • Telecare
    • Remote Medication Management
    • Activity Monitoring
• mHealth
  • Apps
    • Fitness Apps
    • Medical Apps
  • Wearables
    • Glucose Meter
    • BP Monitor
    • Pulse Oximeter
    • Neurological Monitors
    • Sleep Apnea Monitor
    • Others
• Digital Health Systems
  • E-prescribing Systems
  • Electronic Health Records
• Health Analytics

Regional Segmentation

• Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
• Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
• North America [United States, Canada, Mexico]
• South America [Brazil, Argentina, Columbia, Chile, Peru]
• Middle East & Africa [GCC, North Africa, South Africa]

Some of the important ones are:

• What can be the best investment choices for venturing into new product and service lines?
• What value propositions should businesses aim at while making new research and development funding?
• Which regulations will be most helpful for stakeholders to boost their supply chain network?
• Which regions might see the demand maturing in certain segments in near future?
• What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
• Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
• Which government regulations might challenge the status of key regional markets?
• How will the emerging political and economic scenario affect opportunities in key growth areas?
• What are some of the value-grab opportunities in various segments?
• What will be the barrier to entry for new players in the market?

Table of Contents

Chapter 1    Introduction

1.1    Research objective
1.2    Scope of the study

Chapter 2    Research Methodology

2.1    Research Approach
2.2    Market Research Process
2.2.1    Data procurement and data mining
2.2.2    Data analysis and standardization
2.2.3    Data processing and market formulation
2.2.4    Data validation
2.3    Market Research Approach1
2.4    Data Sources
2.4.1    Secondary Research
2.4.2    Primary Research
2.5    Assumptions & Limitations

Chapter 3    Executive Summary

3.1    Market snapshot

Chapter 4    Digital Health Market Variables and Scope

4.1    Introduction
4.1.1    Big data
4.1.2    Cloud computing
4.1.3    Connected health
4.1.4    eHealth
4.1.5    ePatients
4.1.6    Gamification
4.2    Market classification and scope

Chapter 5    COVID-19 Impact on Digital Health Market

5.1    COVID-19: Digital health industry impact
5.1.1    Immediate outbreak response
5.1.2    Impact mitigation
5.1.3    Growth opportunities

Chapter 6    Digital Health Market Dynamics Analysis and Trends

6.1    Market dynamics
6.1.1    Market drivers
6.1.1.1    Rising demand for mobile health apps
6.1.1.2    Rising penetration of Artificial Intelligence (AI), Internet of Things (IoT), and Big Data
6.1.1.2.1    Internet of Things (IoT)
6.1.1.2.2    Big Data
6.1.1.3    Artificial Intelligence (AI)
6.1.1.4    Converging AI, IoT, and Big Data in healthcare
6.1.2    Market restraint
6.1.2.1    Healthcare cybersecurity is a major restraint to the global digital health market
6.1.3    Market opportunities
6.1.3.1    Increasing penetration of digital health in emerging economies
6.2    Digital health supply chain analysis

Chapter 7    Global Digital Health Market, By Technology

7.1    Digital health market, by technology, 2016-2027
7.1.1    Market estimation and forecast, by technology, 2016-2027
7.2    Tele healthcare
7.2.1    Tele healthcare market estimation and forecast, by type, 2016-2027
7.3    mHealth
7.3.1    mHealth market estimation and forecast, by type, 2016-2027
7.4    Healthcare analytics
7.5    Digital health systems
7.5.1    Digital health systems market estimation and forecast, by type, 2016-2027

Chapter 8    Global Digital Health Market, By Component

8.1    Digital health market, by component, 2016-2027
8.1.1    Market estimation and forecast, by component, 2016-2027
8.2    Software
8.3    Hardware
8.4    Services

Chapter 9    Global Digital Health Market, By Region

9.1    Digital health market, by region, 2016-2027
9.1.1    Market estimation and forecast, by region, 2016-2027
9.2    North America
9.2.1    North America market estimation and forecast, by component, 2016-2027 (USD Billion)
9.2.2    North America market estimation and forecast, by technology, 2016-2027
9.2.3    US    58
9.2.3.1    US market estimation and forecast, by component, 2016-2027
9.2.3.2    US market estimation and forecast, by technology, 2016-2027
9.2.4    Rest of North America    60
9.2.4.1    Rest of North America market estimation and forecast, by component, 2016-2027
9.2.4.2    Rest of North America market estimation and forecast, by technology, 2016-2027
9.3    Europe
9.3.1    Europe market estimation and forecast, by component, 2016-2027
9.3.2    Europe market estimation and forecast, by technology, 2016-2027
9.3.3    Germany
9.3.3.1    Germany market estimation and forecast, by component, 2016-2027
9.3.3.2    Germany market estimation and forecast, by technology, 2016-2027
9.3.4    UK
9.3.4.1    UK market estimation and forecast, by component, 2016-2027 (USD Million)
9.3.4.2    UK market estimation and forecast, by technology, 2016-2027 (USD Million)
9.3.5    France
9.3.5.1    France market estimation and forecast, by component, 2016-2027
9.3.5.2    France market estimation and forecast, by technology, 2016-2027
9.3.6    Rest of Europe
9.3.6.1    Rest of Europe market estimation and forecast, by component, 2016-2027
9.3.6.2    Rest of Europe market estimation and forecast, by technology, 2016-2027
9.4    Asia Pacific
9.4.1    Asia Pacific market estimation and forecast, by component, 2016-2027
9.4.2    Asia Pacific market estimation and forecast, by technology, 2016-2027
9.4.3    China
9.4.3.1    China market estimation and forecast, by component, 2016-2027
9.4.3.2    China market estimation and forecast, by technology, 2016-2027
9.4.4    Japan
9.4.4.1    Japan market estimation and forecast, by component, 2016-2027
9.4.4.2    Japan market estimation and forecast, by technology, 2016-2027
9.4.5    India
9.4.5.1    India market estimation and forecast, by component, 2016-2027
9.4.5.2    India market estimation and forecast, by technology, 2016-2027
9.4.6    Southeast Asia
9.4.6.1    Southeast Asia market estimation and forecast, by component, 2016-2027
9.4.6.2    Southeast Asia market estimation and forecast, by technology, 2016-2027
9.4.7    Rest of Asia Pacific
9.4.7.1    Rest of Asia Pacific market estimation and forecast, by component, 2016-2027
9.4.7.2    Rest of Asia Pacific market estimation and forecast, by technology, 2016-2027
9.5    Latin America
9.5.1    Latin America market estimation and forecast, by component, 2016-2027
9.5.2    Latin America market estimation and forecast, by technology, 2016-2027 (USD Billion)
9.5.3    Brazil
9.5.3.1    Brazil market estimation and forecast, by component, 2016-2027 (USD Million)
9.5.3.2    Brazil market estimation and forecast, by technology, 2016-2027
9.5.4    Rest of Latin America
9.5.4.1    Rest of Latin America market estimation and forecast, by component, 2016-2027 (USD Million)
9.5.4.2    Rest of Latin America market estimation and forecast, by technology, 2016-2027
9.6    Middle East & Africa
9.6.1    Middle East & Africa market estimation and forecast, by component, 2016-2027
9.6.2    Middle East & Africa market estimation and forecast, by technology, 2016-2027
9.6.3    GCC
9.6.3.1    GCC market estimation and forecast, by component, 2016-2027
9.6.3.2    GCC market estimation and forecast, by technology, 2016-2027 (USD Million)
9.6.4    South Africa
9.6.4.1    South Africa market estimation and forecast, by component, 2016-2027
9.6.4.2    South Africa market estimation and forecast, by technology, 2016-2027
9.6.5    North Africa
9.6.5.1    North Africa market estimation and forecast, by component, 2016-2027 (USD Million)
9.6.5.2    North Africa market estimation and forecast, by technology, 2016-2027
9.6.6    Rest of MEA
9.6.6.1    Rest of MEA market estimation and forecast, by component, 2016-2027 (USD Million)
9.6.6.2    Rest of MEA market estimation and forecast, by technology, 2016-2027

Chapter 10    Competitive Landscape

10.1    Company market share/positioning analysis, 2020
10.2    Market players landscape
10.2.1    List of suppliers
10.2.2    List of end-users

Chapter 11    Company Profile

11.1    BioTelemetry Inc.
11.1.1    Company overview
11.1.2    Business outline
11.1.3    Product line
11.1.4    Recent developments
11.2    eClinicalWorks
11.2.1    Company overview
11.2.2    Business outline
11.2.3    Product line
11.2.4    Recent developments
11.3    Allscripts Healthcare Solutions Inc.
11.3.1    Company overview
11.3.2    Business outline
11.3.3    Financial performance
11.3.4    Product line
11.3.5    Recent developments
11.4    iHealth Lab Inc.
11.4.1    Company overview
11.4.2    Business outline
11.4.3    Product line
11.5    Honeywell International Inc.
11.5.1    Company overview
11.5.2    Business outline
11.5.3    Financial performance
11.5.4    Product line
11.5.5    Recent developments
11.6    athenahealth Inc.
11.6.1    Company overview
11.6.2    Business outline
11.6.3    Financial performance
11.6.4    Product line
11.6.5    Recent developments
11.7    Cisco Systems
11.7.1    Company overview
11.7.2    Business outline
11.7.3    Financial performance
11.7.4    Product line
11.7.5    Recent developments
11.8    McKesson Corporation
11.8.1    Company overview
11.8.2    Business outline
11.8.3    Financial performance
11.8.4    Product line
11.8.5    Recent developments
11.9    Koninklijke Philips N.V.
11.9.1    Company overview
11.9.2    Business outline
11.9.3    Financial performance
11.9.4    Product line
11.9.5    Recent developments
11.10    Cerner Corporation
11.10.1    Company overview
11.10.2    Business outline
11.10.3    Financial performance
11.10.4    Product line
11.10.5    Recent developments

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