U.S 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) - Trends, Analysis, and Forecast till 2034

Report Code: PMI528924 | Publish Date: June 2024 | No. of Pages: 158

Us Digital Health Market Overview

U.S Digital Health Market Size was valued at USD 108.67 Billion in 2024 and is projected to grow at a CAGR of 17.2% to reach USD 539.92 Billion by 2034.

The digital health market in the USA is experiencing substantial growth, driven by technological innovation and an increasing emphasis on improving healthcare efficiency and patient outcomes. Digital health solutions, including telemedicine, electronic health records (EHRs), mobile health apps, and wearable devices, are transforming the healthcare landscape by enhancing accessibility, personalization, and real-time monitoring. This analysis explores the key trends, driving factors, and challenges shaping the digital health market in the USA.

Us Digital Health Market Dynamics

Key Drivers of Target Market:

Technological Innovation and Integration

The USA is a global leader in technological innovation, and this extends to the healthcare sector. The integration of advanced technologies such as artificial intelligence (AI), machine learning, big data analytics, and block chain into healthcare solutions is revolutionizing the digital health landscape. These technologies enable more accurate diagnoses, personalized treatment plans, predictive analytics, and secure data management. The widespread adoption of telemedicine platforms, remote monitoring devices, and mobile health applications is further enhancing the efficiency and effectiveness of healthcare delivery. The strong presence of tech giants and innovative startups in the USA continues to drive advancements in digital health technologies, contributing to market growth.

High Healthcare Costs and Need for Efficiency

The high cost of healthcare in the USA is a significant driver for the adoption of digital health solutions. With rising medical expenses, both healthcare providers and patients are seeking cost-effective alternatives that do not compromise on quality. Digital health technologies offer solutions to streamline healthcare processes, reduce administrative burdens, and improve patient management, leading to cost savings and better resource utilization. Telemedicine, for instance, reduces the need for in-person visits, cutting down travel and associated costs. Additionally, remote monitoring and mobile health apps facilitate early detection and management of chronic diseases, potentially reducing hospital admissions and lowering overall healthcare costs.

Restrains:

Regulatory and Reimbursement Challenges

One of the primary challenges facing the digital health market in the USA is navigating the complex regulatory environment and securing reimbursement for digital health services. The regulatory landscape for digital health technologies is continually evolving, with agencies such as the Food and Drug Administration (FDA) and the Centers for Medicare & Medicaid Services (CMS) playing key roles in setting standards and guidelines. Ensuring compliance with these regulations can be time-consuming and costly. Additionally, reimbursement policies for digital health services vary widely, and obtaining consistent and adequate reimbursement from insurance providers remains a challenge. These regulatory and reimbursement issues can hinder the adoption and scalability of digital health solutions, necessitating ongoing efforts.

Us Digital Health Market Segmentation

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

U.S Digital Health Market Report Scope:

Attribute

Details

Market Size 2024

USD 108.67 Billion

Projected Market Size 2034

USD 539.92 Billion

CAGR Growth Rate

17.2%

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 segmented the U.S 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

Us Digital Health Market Key Players

The key players operating the U.S 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.

Us 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.

Us 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
    • 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

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

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 U.S Digital Health Market is segmented into Technology Platforms, Component, End Users, and U.S Region.

Technological Innovation and Integration and High Healthcare Costs and Need for Efficiency.

The key players operating the U.S 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