Global Digital Health Market Report and Forecast 2023-2031
Global Digital Health Market Outlook:
The global digital health market value in 2022 was USD 227.5 billion driven by the rising demand of growing demand for remote healthcare services across the globe. The market size is anticipated to grow at a CAGR of 16.1% during the forecast period of 2023-2031 to achieve a value of USD 872.2 billion by 2031.
Digital Health Introduction
Digital health is a rapidly growing field at the intersection of healthcare and technology, aiming to enhance patient care, improve health outcomes, and reduce healthcare costs. With advancements in technologies such as artificial intelligence, big data, telemedicine, and wearable devices, digital health is transforming the way healthcare is delivered and managed. The global digital health market encompasses a broad range of applications, including electronic health records (EHRs), telehealth, mobile health (mHealth), health analytics, and personalized medicine.
Digital Health Market Scenario
North America is currently the largest market for digital health, followed by Europe, due to factors such as a well-developed healthcare infrastructure, widespread adoption of digital health technologies, and favorable government policies. However, the Asia-Pacific region is expected to witness the highest growth rate, driven by factors such as increasing internet penetration, growing demand for quality healthcare, and rising government support for digital health initiatives.
Despite the growth and potential of the digital health market, there are challenges such as data privacy concerns, cybersecurity threats, and regulatory hurdles. Additionally, the integration of digital health technologies into existing healthcare systems and the need for user-friendly solutions pose further challenges. However, these challenges also present opportunities for innovation and improvement in digital health technologies and their adoption across the healthcare sector.
Digital Health Market Segmentations
Market Breakup by Product and Services
- mHealth
- By Type
- mHealth Apps
- Healthcare Apps
- Medication Management Apps
- mHealth Devices
- Blood Glucose Monitors
- Cardiac Monitors
- Hemodynamic Monitors
- Neurological Monitors
- Respiratory Monitors
- Body and Temperature Monitors
- Remote Patient Monitoring Devices
- Other Devices
- mHealth Services
- Treatment Services
- Independent Aging Solutions
- Chronic Disease Management
- Diagnostic Services
- Monitoring Services
- Remote Patient Monitoring Devices
- Medical Call Centers Manned by Healthcare Professionals
- Teleconsultation
- Post Acute Care Services
- Wellness and Fitness Solutions
- Other Services
- eHealth
- By Type
- Electric Health Records
- Laboratory Information System
- Telehealth
- Prescribing Solutions
- Medical Apps
- Clinical Decision Systems (CDSS)
- Pharmacy Information Systems
- Others
- Software
- Hardware
- Services
- Cardiology
- Diabetes
- Neurology
- Sleep Apnea
- Oncology
- Others
- Healthcare Providers
- Healthcare Consumers
- Payers
- Others
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
- Latin America
- Brazil
- Argentina
- Mexico
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
The growth of the digital health market is driven by factors such as:
- Increasing adoption of smartphones, wearable devices, and IoT in healthcare.
- Growing demand for remote healthcare services, particularly during the COVID-19 pandemic.
- The shift towards value-based and patient-centered care models.
- Investments and funding from both public and private sectors to support digital health initiatives.
- An aging global population and the rising prevalence of chronic diseases, requiring more efficient healthcare management.
Digital Health Market: Competitor Landscapes
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Koninklijke Philips N.V.
- Abbott
- Medtronic
- Apple, Inc.
- AirStrip Technologies Inc.
- AliveCor India
- Omron Corporation
- BioTelemetry, a Philips Company
- Athenahealth, Inc.
- AgaMatrix
- Withings
- iHealth Labs, Inc.
- Cerner Corporation
- ZTE Corporation
- Cisco Systems, Inc.
- AT&T Intellectual Property
- Qualcomm Technologies, Inc.
- 1 Preface
- 1.1 Objectives of the Study
- 1.2 Key Assumptions
- 1.3 Report Coverage – Key Segmentation and Scope
- 1.4 Research Methodology
- 2 Executive Summary
- 3 Global Digital Health Market Overview
- 3.1 Global Digital Health Market Historical Value (2016-2022)
- 3.2 Global Digital Health Market Forecast Value (2023-2031)
- 4 Global Digital Health Market Landscape
- 4.1 Global Digital Health Developers Landscape
- 4.1.1 Analysis by Year of Establishment
- 4.1.2 Analysis by Company Size
- 4.1.3 Analysis by Region
- 4.2 Global Digital Health Product Landscape
- 4.2.1 Analysis by Product and Services
- 4.2.2 Analysis by Applications
- 4.2.3 Analysis by End User
- 5 Global Digital Health Market Dynamics
- 5.1 Market Drivers and Constraints
- 5.2 SWOT Analysis
- 5.3 Porter’s Five Forces Model
- 5.4 Key Demand Indicators
- 5.5 Key Price Indicators
- 5.6 Industry Events, Initiatives, and Trends
- 5.7 Value Chain Analysis
- 6 Global Digital Health Market Segmentation
- 6.1 Global Digital Health Market by Product and Services
- 6.1.1 Market Overview
- 6.1.2 mHealth
- 6.1.2.1 mHealth Apps
- 6.1.2.1.1 Healthcare Apps
- 6.1.2.1.2 Medication Management Apps
- 6.1.2.2 mHealth Devices
- 6.1.2.2.1 Blood Glucose Monitors
- 6.1.2.2.2 Cardiac Monitors
- 6.1.2.2.3 Hemodynamic Monitors
- 6.1.2.2.4 Neurological Monitors
- 6.1.2.2.5 Respiratory Monitors
- 6.1.2.2.6 Body and Temperature Monitors
- 6.1.2.2.7 Remote Patient Monitoring Devices
- 6.1.2.2.8 Other Devices
- 6.1.2.3 mHealth Services
- 6.1.2.3.1 Treatment Services
- 6.1.2.3.1.1 Independent Aging Solutions
- 6.1.2.3.1.2 Chronic Disease Management
- 6.1.2.3.2 Monitoring Services
- 6.1.2.3.2.1 Remote Patient Monitoring
- 6.1.2.3.2.2 Medical Call Centers
- 6.1.2.3.2.3 Teleconsultation
- 6.1.2.3.2.4 Post Acute Care Services
- 6.1.2.3.3 Diagnostic Services
- 6.1.2.3.4 Wellness and Fitness Solutions
- 6.1.2.3.5 Other Services
- 6.1.3 eHealth
- 6.1.3.1 Electric Health Records
- 6.1.3.2 Laboratory Information System
- 6.1.3.3 Telehealth
- 6.1.3.4 Prescribing Solutions
- 6.1.3.5 Medical Apps
- 6.1.3.6 Clinical Decision Systems (CDSS)
- 6.1.3.7 Pharmacy Information Systems
- 6.1.3.8 Others
- 6.2 Global Digital Health Market by Components
- 6.2.1 Market Overview
- 6.2.2 Software
- 6.2.3 Hardware
- 6.2.4 Services
- 6.3 Global Digital Health Market by Applications
- 6.3.1 Market Overview
- 6.3.2 Cardiology
- 6.3.3 Diabetes
- 6.3.4 Neurology
- 6.3.5 Sleep Apnea
- 6.3.6 Oncology
- 6.3.7 Others
- 6.4 Global Digital Health Market by End User
- 6.4.1 Market Overview
- 6.4.2 Healthcare Providers
- 6.4.3 Healthcare Consumers
- 6.4.4 Payers
- 6.4.5 Others
- 6.5 Global Digital Health Market by Region
- 6.5.1 Market Overview
- 6.5.2 North America
- 6.5.3 Europe
- 6.5.4 Asia Pacific
- 6.5.5 Latin America
- 6.5.6 Middle East and Africa
- 7 North Digital Health Market
- 7.1 Market Share by Country
- 7.2 United States of America
- 7.3 Canada
- 8 Europe Digital Health Market
- 8.1 Market Share by Country
- 8.2 United Kingdom
- 8.3 Germany
- 8.4 France
- 8.5 Italy
- 8.6 Others
- 9 Asia Pacific Digital Health Market
- 9.1 Market Share by Country
- 9.2 China
- 9.3 Japan
- 9.4 India
- 9.5 ASEAN
- 9.6 Australia
- 9.7 Others
- 10 Latin America Digital Health Market
- 10.1 Market Share by Country
- 10.2 Brazil
- 10.3 Argentina
- 10.4 Mexico
- 10.5 Others
- 11 Middle East and Africa Digital Health Market
- 11.1 Market Share by Country
- 11.2 Saudi Arabia
- 11.3 United Arab Emirates
- 11.4 Nigeria
- 11.5 South Africa
- 11.6 Others
- 12 Patent Analysis
- 12.1 Analysis by Type of Patent
- 12.2 Analysis by Publication year
- 12.3 Analysis by Issuing Authority
- 12.4 Analysis by Patent Age
- 12.5 Analysis by CPC Analysis
- 12.6 Analysis by Patent Valuation
- 12.7 Analysis by Key Players
- 13 Grants Analysis
- 13.1 Analysis by year
- 13.2 Analysis by Amount Awarded
- 13.3 Analysis by Issuing Authority
- 13.4 Analysis by Grant Application
- 13.5 Analysis by Funding Institute
- 13.6 Analysis by NIH Departments
- 13.7 Analysis by Recipient Organization
- 14 Funding Analysis
- 14.1 Analysis by Funding Instances
- 14.2 Analysis by Type of Funding
- 14.3 Analysis by Funding Amount
- 14.4 Analysis by Leading Players
- 14.5 Analysis by Leading Investors
- 14.6 Analysis by Geography
- 15 Partnership and Collaborations Analysis
- 15.1 Analysis by Partnership Instances
- 15.2 Analysis by Type of Partnership
- 15.3 Analysis by Leading Players
- 15.4 Analysis by Geography
- 16 Regulatory Framework
- 16.1 Regulatory Overview
- 16.1.1 US FDA
- 16.1.2 EU EMA
- 16.1.3 INDIA CDSCO
- 16.1.4 JAPAN PMDA
- 16.1.5 Others
- 17 Supplier Landscape
- 17.1 Koninklijke Philips N.V.
- 17.1.1 Financial Analysis
- 17.1.2 Product Portfolio
- 17.1.3 Demographic Reach and Achievements
- 17.1.4 Mergers and Acquisitions
- 17.1.5 Certifications
- 17.2 Abbott
- 17.2.1 Financial Analysis
- 17.2.2 Product Portfolio
- 17.2.3 Demographic Reach and Achievements
- 17.2.4 Mergers and Acquisitions
- 17.2.5 Certifications
- 17.3 Medtronic
- 17.3.1 Financial Analysis
- 17.3.2 Product Portfolio
- 17.3.3 Demographic Reach and Achievements
- 17.3.4 Mergers and Acquisitions
- 17.3.5 Certifications
- 17.4 Apple, Inc.
- 17.4.1 Financial Analysis
- 17.4.2 Product Portfolio
- 17.4.3 Demographic Reach and Achievements
- 17.4.4 Mergers and Acquisitions
- 17.4.5 Certifications
- 17.5 AirStrip Technologies Inc.
- 17.5.1 Financial Analysis
- 17.5.2 Product Portfolio
- 17.5.3 Demographic Reach and Achievements
- 17.5.4 Mergers and Acquisitions
- 17.5.5 Certifications
- 17.6 AliveCor India
- 17.6.1 Financial Analysis
- 17.6.2 Product Portfolio
- 17.6.3 Demographic Reach and Achievements
- 17.6.4 Mergers and Acquisitions
- 17.6.5 Certifications
- 17.7 Omron Corporation
- 17.7.1 Financial Analysis
- 17.7.2 Product Portfolio
- 17.7.3 Demographic Reach and Achievements
- 17.7.4 Mergers and Acquisitions
- 17.7.5 Certifications
- 17.8 BioTelemetry, a Philips Company
- 17.8.1 Financial Analysis
- 17.8.2 Product Portfolio
- 17.8.3 Demographic Reach and Achievements
- 17.8.4 Mergers and Acquisitions
- 17.8.5 Certifications
- 17.9 Athenahealth, Inc.
- 17.9.1 Financial Analysis
- 17.9.2 Product Portfolio
- 17.9.3 Demographic Reach and Achievements
- 17.9.4 Mergers and Acquisitions
- 17.9.5 Certifications
- 17.10 AgaMatrix
- 17.10.1 Financial Analysis
- 17.10.2 Product Portfolio
- 17.10.3 Demographic Reach and Achievements
- 17.10.4 Mergers and Acquisitions
- 17.10.5 Certifications
- 17.11 Withings
- 17.11.1 Financial Analysis
- 17.11.2 Product Portfolio
- 17.11.3 Demographic Reach and Achievements
- 17.11.4 Mergers and Acquisitions
- 17.11.5 Certifications
- 17.12 iHealth Labs, Inc.
- 17.12.1 Financial Analysis
- 17.12.2 Product Portfolio
- 17.12.3 Demographic Reach and Achievements
- 17.12.4 Mergers and Acquisitions
- 17.12.5 Certifications
- 17.13 Cerner Corporation
- 17.13.1 Financial Analysis
- 17.13.2 Product Portfolio
- 17.13.3 Demographic Reach and Achievements
- 17.13.4 Mergers and Acquisitions
- 17.13.5 Certifications
- 17.14 ZTE Corporation
- 17.14.1 Financial Analysis
- 17.14.2 Product Portfolio
- 17.14.3 Demographic Reach and Achievements
- 17.14.4 Mergers and Acquisitions
- 17.14.5 Certifications
- 17.15 Cisco Systems, Inc.
- 17.15.1 Financial Analysis
- 17.15.2 Product Portfolio
- 17.15.3 Demographic Reach and Achievements
- 17.15.4 Mergers and Acquisitions
- 17.15.5 Certifications
- 17.16 AT&T Intellectual Property
- 17.16.1 Financial Analysis
- 17.16.2 Product Portfolio
- 17.16.3 Demographic Reach and Achievements
- 17.16.4 Mergers and Acquisitions
- 17.16.5 Certifications
- 17.17 Qualcomm Technologies, Inc.
- 17.17.1 Financial Analysis
- 17.17.2 Product Portfolio
- 17.17.3 Demographic Reach and Achievements
- 17.17.4 Mergers and Acquisitions
- 17.17.5 Certifications
- 18 Global Digital Health Market- Distribution Model (Additional Insight)
- 18.1 Overview
- 18.2 Potential Distributors
- 18.3 Key Parameters for Distribution Partner Assessment
- 19 Key Opinion Leaders (KOL) Insights (Additional Insight)
- 20 Company Competitiveness Analysis (Additional Insight)
- 20.1 Very Small Companies
- 20.2 Small Companies
- 20.3 Mid-Sized Companies
- 20.4 Large Companies
- 20.5 Very Large Companies
- 21 Payment Methods (Additional Insight)
- 21.1 Government Funded
- 21.2 Private Insurance
- 21.3 Out-of-Pocket
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