North America Digital Health Market Size, Share, 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) and By Country (U.S and Canada) - Trends, Analysis and Forecast till 2034

Report Code: PMI528824 | Publish Date: June 2024 | No. of Pages: 147

North America Digital Health Market Overview

North America Digital Health Market Size was valued at USD 116.60 Billion in 2024 and is projected to grow at a CAGR of 17.4% to reach USD 579.31 Billion by 2034.

The digital health market in North America is experiencing rapid growth, driven by technological advancements and a growing emphasis on improving healthcare outcomes through digital solutions. Digital health encompasses a wide range of applications, including telemedicine, mobile health apps, wearable devices, and electronic health records (EHRs). This analysis explores the key trends, driving factors, and challenges shaping the digital health market in North America.

North America Digital Health Market Dynamics

Key Drivers of Target Market:

Technological Advancements and Innovation

The North American digital health market is heavily influenced by continuous technological advancements and innovation. The integration of artificial intelligence (AI), machine learning, and big data analytics into healthcare solutions has revolutionized patient care, diagnosis, and treatment processes. Innovations such as telemedicine platforms, remote monitoring devices, and mobile health applications enable healthcare providers to offer more personalized and efficient care. These technologies facilitate real-time monitoring, predictive analytics, and data-driven decision-making, improving patient outcomes and reducing healthcare costs. The region’s strong technology infrastructure and investment in research and development are critical drivers of this market growth.

Increasing Adoption of Telemedicine and Remote Care

The COVID-19 pandemic has significantly accelerated the adoption of telemedicine and remote care solutions across North America. With social distancing measures and the need to reduce the burden on healthcare facilities, telemedicine emerged as a vital tool for providing continuous care to patients. Even as the pandemic subsides, the convenience, accessibility, and cost-effectiveness of telemedicine ensure its continued use. Patients can consult with healthcare professionals from the comfort of their homes, reducing the need for in-person visits and enhancing access to healthcare services, especially in rural and underserved areas. The growing acceptance of telehealth by both patients and providers is a major driver for the digital health market in North America.

Restrains:

Data Privacy and Security Concerns

One of the primary challenges facing the digital health market in North America is data privacy and security. The increasing use of digital health solutions involves the collection, storage, and transmission of vast amounts of sensitive patient information. Ensuring the security of this data against cyber threats and breaches is a significant concern. Healthcare organizations must comply with stringent regulations such as the Health Insurance Portability and Accountability Act (HIPAA) to protect patient information. Despite these regulations, incidents of data breaches and cyber-attacks can erode trust in digital health solutions. Addressing these concerns requires robust cyber security measures, continuous monitoring

North America Digital Health Market Segmentation

The market is segmented based on Technology Platform, Components, End User and Country.

North America Digital Health Market Report Scope:

Attribute

Details

Market Size 2024

USD 116.60 Billion

Projected Market Size 2034

USD 579.31 Billion

CAGR Growth Rate

17.4%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & 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 Component - Hardware, Software and Services

By End User - Business to Consumers, and Business to Business

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2023 to 2034. For the purpose of this study, has segmented the North America Digital Health Market report based on Technology Platform, Component, End User and Country:

Segmentation:

By Technology Platform:

  • Tele health
  • Tele Medicine
  • Tele Care
  • mHealth
  • Digital Health Information Systems
  • EMR/HER
  • Clinical Decision Support System (CDCC)
  • Computerized Physician Order Entry (CPOE)
  • Diagnostic and Monitoring Devices
  • Therapeutic Devices
  • Digital Medicine
  • Respiratory Therapy Devices
  • Insulin Pumps
  • Others
  • Others    

By Component:

  • Hardware
  • Software
  • Services

By End User:

  • Business to Consumers
  • Business to Business

By Country:

  • U.S.
  • Canada

North America Digital Health Market Key Players

The key players operating the North America Digital Health Market includes, Proteus Digital Health, Inc., CISCO SYSTEMS, INC., ATHENAHEALTH, INC, Qualcomm Inc., Koninklijke Philips N.V., Allscripts Health Solutions, Inc., GE HEALTHCARE, Siemens Healthineers

North America Digital Health Market Company Profile

  • Proteus Digital Health, Inc.. *
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • CISCO SYSTEMS, INC.
  • ATHENAHEALTH, INC
  • Qualcomm Inc.
  • Koninklijke Philips N.V., Ltd.
  • Allscripts Health Solutions, Inc.
  • GE HEALTHCARE, INC.
  • Siemens Healthineers

“*” marked represents similar segmentation in other categories in the respective section.

North America Digital Health Market Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Preview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Technology Platform
      • Market Snippet, By Component
      • Market Snippet, By End User
      • Market Snippet, By Country
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Product Launch
    • Merger and Acquisitions
    • Impact Analysis
    • PEST Analysis
    • Porter’s Analysis
  4. Market Segmentation, By Technology Platform, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Segment Trends
    • Tele health
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • mHealth
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Digital Health Information Systems
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Computerized Physician Order Entry (CPOE)
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Diagnostic and Monitoring Devices
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Therapeutic Devices
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, Components, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Hardware
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Software
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Services
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, End User, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Business to Consumers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Business to Business
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Country, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Country Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Drug Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Indication, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada

Competitive Landscape

  • Heat Map Analysis
  • Company Profiles
    • Proteus Digital Health, Inc.
    • CISCO SYSTEMS, INC.
    • ATHENAHEALTH, INC
    • Qualcomm Inc.
    • Koninklijke Philips N.V., Ltd.
    • Allscripts Health Solutions, Inc.
    • GE HEALTHCARE, Inc.
    • Siemens Healthineers

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The North America Digital Health Market is segmented into Technology Platform, Components, End User and Country.

Technological advancements and innovation and increasing adoption of telemedicine and remote care.

By Country, the North America Digital Health Market is segmented into U.S. and Canada, U.S is expected to dominate the Market due to increase in Investment in Research.

The key players operating the North America Digital Health Market includes, Proteus Digital Health, Inc., CISCO SYSTEMS, INC., ATHENAHEALTH, INC, Qualcomm Inc., Koninklijke Philips N.V., Ltd., Allscripts Health Solutions, Inc., GE HEALTHCARE, INC., Siemens Healthineers