Global Digital Health Market By Overview
Introduction:
Digital Health Market size was valued at about USD 283.0 Billion in 2024 and expected to grow at CAGR of 17.40% to extend a value of USD 1406.1 Billion by 2034
Digital health is the convergence of the genomics and digital revolutions with health, healthcare, living and the society. As digital health helps to track, manage and improve the healthcare facilities. Further, the digital health market also reduces the costs of treatment due to personalized and precise medicine. The digital health includes categories such as mobile health, wearable devices, telehealth, information technology, personalized medicine and telemedicine. The different combination of digital health makes the digital health market lucrative, with the increasing aging population and increasing application. According to the Population Prospects Report of United Nations published in 2017, in 2017, there are an estimated 962 million people aged 60 or over in the world (13 per cent of the global population).
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Global Digital Health Market By Dynamics
Increased prevalence of chronic diseases
Further, the increased prevalence of the chronic disease also need for continuous monitoring that is also expected to favor the digital health market. According to the World Health Organization data in 2017, around 40 million people die each year due to chronic disease, which accounts for 70% of all deaths globally. Cardiovascular diseases is responsible for 17.7 million death annually, followed by cancers (8.8 million deaths), respiratory diseases (3.9million deaths), and diabetes (1.6 million deaths).
Increased base of smartphones and tablets
Additionally, the increased base of smartphones and tablets across globe especially in the developing countries would lead to higher adoption of digital health platform. According to statistics provided by the Pew Research Centre in 2016, 72% population of the U.S. has smartphone access, around 59% of Chinese population and around 45% of Indian population possesses smartphone.
Global Digital Health Market By Segmentation
The Digital Health market has been segmented on the basis of Technology Platform, Components, End User, and Region.
The technology platform segment includes Tele health, mHealth, Digital Health Information Systems, Diagnostic and Monitoring Devices, Therapeutic Devices, and Others.
- On the basis of components, the global digital health market has been segmented into hardware, software and services.
- On the basis of end user, the global digital health market has been segmented into business to consumers, business to business.
- On the basis of region, the target market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account major market share as compared to that of other regions.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
For detailed understanding of market dynamics, the Global Digital Health Market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global market. In 2018, North America market is expected to dominate the global electronic health records market with higher market share as compared to other regional markets. This can be attributed to well-developed healthcare sector, early adoption of electronic health records by hospitals, clinics, etc., and presence of prominent market players operating in countries in this region. Further, the Global Digital Health Market shows significant growth in Europe and Asia Pacific region as they contain a rising population and increased need for healthcare monitoring.
Report scope:
|
Attribute |
Details |
|
Market Size 2024 |
US$ 283.0 Billion |
|
Projected Market Size 2034 |
US$ 1406.1 Billion |
|
CAGR Growth Rate |
17.40% |
|
Base year for estimation |
2023 |
|
Forecast period |
2024 – 2034 |
|
Market representation |
Revenue in USD Million & CAGR from 2024 to 2034 |
|
Market Segmentation |
By Technology Platform: Tele health (Tele Medicine, and Tele Care) mHealth, Digital Health Information Systems (EMR/HER, Clinical Decision Support System (CDCC), Computerized Physician Order Entry (CPOE), and Others, Diagnostic and Monitoring Devices, and Therapeutic Devices (Digital Medicine, Respiratory Therapy Devices, Insulin Pumps, and Others) and Others) By Components: Hardware, Software and Services By End User: Business to Consumers, and Business to Business |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global Digital Health Market report based on product, mode of delivery and region.
Digital Health Market, By Region:
- North America
- Asia Pacific
- Asia Pacific Digital Health, By Technology Platform
- Asia Pacific Digital Health, By Components
- Asia Pacific Digital Health, By End User
- Asia Pacific Digital Health, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Europe Digital Health, By Technology Platform
- Europe Digital Health, By Components
- Europe Digital Health, By End User
- Europe Digital Health, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- North America Digital Health, By Technology Platform
- North America Digital Health, By Components
- North America Digital Health, By End User
- North America Digital Health, By Country
- U.S.
- Canada
- Latin America
- Middle East & Africa
- Middle East & Africa Digital Health, By Technology Platform
- Middle East & Africa Digital Health, By Components
- Middle East & Africa Digital Health, By End User
- Middle East & Africa Digital Health, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America Digital Health, By Technology Platform
- Latin America Digital Health, By Components
- Latin America Digital Health, By End User
- Latin America Digital Health, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Asia Pacific
Global Digital Health Market By Key Players
The key players operating in the market of Digital Health include Allscripts Health Solutions, Inc. McKesson Corporation, Cerner Corporation, Siemens Healthineers, GE Healthcare, Koninklijke Philips N.V., Qualcomm Inc., Proteus Digital Health, Inc., Athenahealth, Inc., and Cisco Systems.
Global Digital Health Market By Company Profile
- Athenahealth, Inc.
- Proteus Digital Health, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- Cisco Systems
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- Athenahealth, Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- Qualcomm Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- Koninklijke Philips N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- Allscripts Health Solutions, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- GE Healthcare
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- Siemens Healthineers
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- Cerner Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- McKesson Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Proteus Digital Health, Inc.
Global Digital Health Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings— Outlook for Digital Health Strategies
- Key Questions this Study will Answer
- Market Snippet, By Technology Platform
- Market Snippet, By Components
- Market Snippet, By End-User
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Technology Platform, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Telehealth
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- mHealth
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Digital Health Information System
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Diagnostic and Monitoring Devices
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Therapeutic Devices
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By Components, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Software
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Hardware
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By End-User, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Business to Consumer
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Business to Business
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Global Market, By Region, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Technology Platform, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Components, 2024 – 2034
- Market Size and Forecast (US$ Bn), By End-User, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Technology Platform, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Components, 2024 – 2034
- Market Size and Forecast (US$ Bn), By End-User, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
-
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Technology Platform, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Components, 2024 – 2034
- Market Size and Forecast (US$ Bn), By End-User, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
-
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Technology Platform, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Components, 2024 – 2034
- Market Size and Forecast (US$ Bn), By End-User, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Technology Platform, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Components, 2024 – 2034
- Market Size and Forecast (US$ Bn), By End-User, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
-
- Athenahealth, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- McKesson Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- Cerner Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- Siemens Healthineers
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- GE Healthcare
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- Allscripts Health Solutions, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- Koninklijke Philips N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- Qualcomm Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- Athenahealth, Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- Cisco Systems
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- Proteus Digital Health, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy Overview
- Athenahealth, Inc.
-
The Last Word
- Future Impact
- About Us
- Contact
FAQs
Digital Health has been segmented on the basis of technology platform, end-user and region.
Increased prevalence of the chronic disease also need for continuous monitoring that is also expected to favor the digital health market.
North America dominated the market of fertilizer additives during the forecast year.
The key players operating in the global market of Digital Health include Allscripts Health Solutions, Inc. McKesson Corporation, Cerner Corporation, Siemens Healthineers, GE Healthcare, Koninklijke Philips N.V., Qualcomm Inc., Proteus Digital Health, Inc., Athenahealth, Inc., and Cisco Systems.