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Report
Digital Health Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-06-14 I 142 Pages I IMARC Group
The global digital health market size reached US$ 353 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,039 Billion by 2028, exhibiting a growth rate (CAGR) of 19.4% during 2023-2028.
Digital health relies on the latest technologies and electronic communication methods to remotely monitor the health update of patients. It includes computing platforms, medical wearables, digital healthcare systems, medical apps, healthcare analytics, and sensors. It helps improve patient care, disease management, and the healthcare experience of individuals. It also assists healthcare professionals in preparing a diagnosis history, minimizing the need for duplicate tests, accessing health records, and making efficient decisions. Besides this, it aids in lowering overall healthcare costs and provides easy management of payment procedures, clinical data, and claims. As a result, the digital health solution is gaining immense traction across the globe.
Digital Health Market Trends:
The growing global geriatric population, along with the rising prevalence of various chronic medical issues, such as diabetes, hypertension, cardiovascular, and neurological disorders, represents one of the key factors positively influencing the market. The increasing occurrence of Alzheimer's disease, cancer, and numerous long-term care (LTC) conditions is driving the need for digital health solutions for remote patient monitoring despite geographical constraints. In addition, significant developments in the healthcare IT infrastructure and the adoption of cloud-based storage systems are contributing to the market growth. In line with this, the rising internet penetration and shifting consumer reliance on smartphones, tablets, laptops, and personal computers (PCs) are creating a positive outlook for the market. Additionally, the widespread adoption of mHealth apps in the field of radiology, cardiology, and online video consultation for numerous medical problems that require continual medical supervision, is strengthening the market growth. Furthermore, governments of various countries are implementing favorable policies to encourage the adoption of digital health solutions, which is offering a favorable market outlook. For instance, the incorporation of electronic intensive care units (e-ICUs) installed with two-way cameras, high-speed internet, and electronic devices is propelling market growth. Apart from this, ongoing research and development (R&D) activities in the field of telecommunication technologies and medical sciences are anticipated to drive the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global digital health market report, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on type and component.
Breakup by Type:
Telehealth
Medical Wearables
EMR/EHR Systems
Medical Apps
Healthcare Analytics
Others
The telehealth segment currently dominates the market due to the shifting consumer preferences toward tech-driven medical approaches and remote patient monitoring facilities. In addition, telehealth provides real-time health updates and minimizes hospital visits.
Breakup by Component:
Software
Hardware
Service
The services segment accounts for the majority of the market share due to the rising awareness among individuals about the benefits of digital health-related services.
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
North America enjoys the leading position in the market due to various initiatives undertaken by governing agencies operating in the region.
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being iHealth Lab Inc., AllScripts Healthcare Solutions Inc., AirStrip Technologies, Qualcomm Technologies, Cerner Corporation, McKesson Corporation, Kininklijke Philips N.V., LifeWatch AG, Biotelemetry Inc., eClinicalWorks, Omron Healthcare, Athenahealth Inc., AT&T, etc.
Key Questions Answered in This Report
1. What was the size of the global digital health market in 2022?
2. What is the expected growth rate of the global digital health market during 2023-2028?
3. What are the key factors driving the global digital health market?
4. What has been the impact of COVID-19 on the global digital health market?
5. What is the breakup of the global digital health market based on the type?
6. What is the breakup of the global digital health market based on the component?
7. What are the key regions in the global digital health market?
8. Who are the key players/companies in the global digital health market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Digital Health Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Breakup by Component
5.6 Market Breakup by Region
5.7 Market Forecast
6 SWOT Analysis
6.1 Overview
6.2 Strengths
6.3 Weaknesses
6.4 Opportunities
6.5 Threats
7 Value Chain Analysis
8 Porter's Five Forces Analysis
8.1 Overview
8.2 Bargaining Power of Buyers
8.3 Bargaining Power of Suppliers
8.4 Degree of Competition
8.5 Threat of New Entrants
8.6 Threat of Substitutes
9 Market Breakup by Type
9.1 Telehealth
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Medical Wearables
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 EMR/EHR Systems
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Medical Apps
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Healthcare Analytics
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Component
10.1 Software
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Hardware
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Service
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Profiles of Key Players
12.3.1 iHealth Lab Inc.
12.3.2 AllScripts Healthcare Solutions Inc.
12.3.3 AirStrip Technologies
12.3.4 Qualcomm Technologies
12.3.5 Cerner Corporation
12.3.6 McKesson Corporation
12.3.7 Kininklijke Philips N.V.
12.3.8 LifeWatch AG
12.3.9 Biotelemetry Inc.
12.3.10 eClinicalWorks
12.3.11 Omron Healthcare
12.3.12 Athenahealth Inc.
12.3.13 AT&T
Figure 1: Global: Digital Health Market: Major Drivers and Challenges
Figure 2: Global: Digital Health Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Digital Health Market: Breakup by Type (in %), 2022
Figure 4: Global: Digital Health Market: Breakup by Component (in %), 2022
Figure 5: Global: Digital Health Market: Breakup by Region (in %), 2022
Figure 6: Global: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Digital Health Industry: SWOT Analysis
Figure 8: Global: Digital Health Industry: Value Chain Analysis
Figure 9: Global: Digital Health Industry: Porter's Five Forces Analysis
Figure 10: Global: Digital Health (Telehealth) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 11: Global: Digital Health (Telehealth) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 12: Global: Digital Health (Medical Wearables) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 13: Global: Digital Health (Medical Wearables) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 14: Global: Digital Health (EMR/EHR Systems) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 15: Global: Digital Health (EMR/EHR Systems) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 16: Global: Digital Health (Medical Apps) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 17: Global: Digital Health (Medical Apps) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 18: Global: Digital Health (Healthcare Analytics) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 19: Global: Digital Health (Healthcare Analytics) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 20: Global: Digital Health (Other Types) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 21: Global: Digital Health (Other Types) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 22: Global: Digital Health (Software) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 23: Global: Digital Health (Software) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 24: Global: Digital Health (Hardware) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 25: Global: Digital Health (Hardware) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 26: Global: Digital Health (Service) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 27: Global: Digital Health (Service) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 28: North America: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 29: North America: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 30: United States: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 31: United States: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 32: Canada: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 33: Canada: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 34: Asia Pacific: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 35: Asia Pacific: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 36: China: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 37: China: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 38: Japan: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 39: Japan: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 40: India: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 41: India: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 42: South Korea: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 43: South Korea: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 44: Australia: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 45: Australia: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 46: Indonesia: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 47: Indonesia: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 48: Others: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 49: Others: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 50: Europe: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 51: Europe: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 52: Germany: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 53: Germany: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 54: France: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 55: France: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 56: United Kingdom: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 57: United Kingdom: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 58: Italy: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 59: Italy: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 60: Spain: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 61: Spain: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 62: Russia: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 63: Russia: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 64: Others: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 65: Others: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 66: Latin America: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 67: Latin America: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 68: Brazil: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 69: Brazil: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 70: Mexico: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 71: Mexico: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 72: Others: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 73: Others: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 74: Middle East and Africa: Digital Health Market: Sales Value (in Billion US$), 2017 & 2022
Figure 75: Middle East and Africa: Digital Health Market Forecast: Sales Value (in Billion US$), 2023-2028
Table 1: Global: Digital Health Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Digital Health Market Forecast: Breakup by Type (in Billion US$), 2023-2028
Table 3: Global: Digital Health Market Forecast: Breakup by Component (in Billion US$), 2023-2028
Table 4: Global: Digital Health Market Forecast: Breakup by Region (in Billion US$), 2023-2028
Table 5: Global: Digital Health Market Structure
Table 6: Global: Digital Health Market: Key Players
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