US Digital Health Market (by Technology & Component): Insights & Forecast with Potential Impact of COVID-19 (2024-2028)
The U.S. digital health market is predicted to reach US$396.75 billion in 2028, progressing at a CAGR of 28.40%, over the period 2024-2028. The factors such as increasing geriatric population, growing usage of mobile devices, surging prevalence of arthritis, hike in healthcare expenditure, expanding urbanization and mounting penetration of internet users would drive the growth of the market. However, the market growth would be challenged by high capital cost and installations, lack of interoperability and data breach and security concerns. A few notable trends include upsurge in the number of healthcare apps, surging occurrence of chronic diseases, escalating penetration of electronic health record (EHR) systems and increasing importance of wearable devices.
The U.S. digital health market has been segmented on the basis of technology and component. In terms of technology, the U.S. digital health market can be bifurcated into mHealth, digital health systems, health analytics and tele healthcare. Whereas, the market can be split into services, hardware and software, on the basis of component.
The mHealth segment is the fastest growing market, owing to rapid digitalization, mounting occurrence of chronic diseases such as cardiovascular diseases and diabetes in the region, various technological advancements in the healthcare industry coupled with recent advancements in wearable technologies and high internet usage. In addition, the growing number of COVID-19 cases across the region in 2020, escalated the adoption of digital health solutions to maintain social distancing and to improve the communication between patients and healthcare professionals during the pandemic.
Scope of the Report:
- The report provides a comprehensive analysis of the U.S. digital health market segmented on the basis of technology and component.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players (Apple Inc., McKesson Corporation, Alphabet Inc., Cisco Systems, Inc., Cerner Corporation and Allscripts Healthcare Solutions, Inc.) are also presented in detail.
- Digital Health Service Providers
- Digital Health Software & Hardware Manufacturers
- Healthcare Institutions & Health-related Companies
- Research and Consulting Firms as well as Venture Capitalists
- Government Bodies & Regulating Authorities
- 1. Market Overview
- 1.1 Introduction
- 1.2 Global Evolution of Digital Health
- Table 1: Global Evolution of Digital Health
- 1.3 Classification of Digital Health
- Table 2: Classification of Digital Health
- 1.4 Essential Components of Digital Health
- Table 3: Essential Components of Digital Health
- 1.5 Benefits of Digital Health Technologies
- Table 4: Benefits of Digital Health Technologies
- 1.6 Technologies Involved in Digital Healthcare
- Table 5: Technologies Involved in Digital Healthcare
- 1.7 Digital Health Tools
- Table 6: Digital Health Tools
- 2. Impact of COVID-19
- 2.1 Demand Surge for Digital Health Solutions
- Table 7: Number of new cases of COVID-19 in the U.S. (March 2020-January 2021)
- 2.2 Surging Adoption of Telemedicine
- Table 8: Adoption Rate of Telemedicine in the U.S. (December 2019-May 2020)
- 2.3 Rising Depression Rate
- Table 9: Rate of the U.S. Population Suffering from Depression (2019-2020)
- 3. The U.S. Market Analysis
- 3.1 The U.S. Digital Health Market by Value
- Table 10: The U.S. Digital Health Market by Value (2019-2023)
- 3.2 The U.S. Digital Health Market Forecast by Value
- Table 11: The U.S. Digital Health Market Forecast by Value (2024-2028)
- 3.3 The U.S. Digital Health Market by Technology
- Table 12: The U.S. Digital Health Market by Technology (2023)
- 3.3.1 The U.S. mHealth Digital Health Market by Value
- Table 13: The U.S. mHealth Digital Health Market by Value (2019-2023)
- 3.3.2 The U.S. mHealth Digital Health Market Forecast by Value
- Table 14: The U.S. mHealth Digital Health Market Forecast by Value (2024-2028)
- 3.3.3 The U.S. mHealth Digital Health Market by Services
- Table 15: The U.S. mHealth Digital Health Market by Services (2023)
- 3.3.4 The U.S. mHealth Digital Health Services Market by Value
- Table 16: The U.S. mHealth Digital Health Services Market by Value (2019-2023)
- 3.3.5 The U.S. mHealth Digital Health Services Market Forecast by Value
- Table 17: The U.S. mHealth Digital Health Services Market Forecast by Value (2024-2028)
- 3.3.6 The U.S. Digital Health Systems Market by Value
- Table 18: The U.S. Digital Health Systems Market by Value (2019-2023)
- 3.3.7 The U.S. Digital Health Systems Market Forecast by Value
- Table 19: The U.S. Digital Health Systems Market Forecast by Value (2024-2028)
- 3.3.8 The U.S. Health Analytics Market by Value
- Table 20: The U.S. Health Analytics Market by Value (2019-2023)
- 3.3.9 The U.S. Health Analytics Market Forecast by Value
- Table 21: The U.S. Health Analytics Market Forecast by Value (2024-2028)
- 3.3.10 The U.S. Tele Healthcare Market by Value
- Table 22: The U.S. Tele Healthcare Market by Value (2019-2023)
- 3.3.11 The U.S. Tele Healthcare Market Forecast by Value
- Table 23: The U.S. Tele Healthcare Market Forecast by Value (2024-2028)
- 3.4 The U.S. Digital Health Market by Component
- Table 24: The U.S. Digital Health Market by Component (2023)
- 3.4.1 The U.S. Digital Health Services Market by Value
- Table 25: The U.S. Digital Health Services Market by Value (2019-2023)
- 3.4.2 The U.S. Digital Health Services Market Forecast by Value
- Table 26: The U.S. Digital Health Services Market Forecast by Value (2024-2028)
- 3.4.3 The U.S. Digital Health Hardware Market by Value
- Table 27: The U.S. Digital Health Hardware Market by Value (2019-2023)
- 3.4.4 The U.S. Digital Health Hardware Market Forecast by Value
- Table 28: The U.S. Digital Health Hardware Market Forecast by Value (2024-2028)
- 3.4.5 The U.S. Digital Health Software Market by Value
- Table 29: The U.S. Digital Health Software Market by Value (2019-2023)
- 3.4.6 The U.S. Digital Health Software Market Forecast by Value
- Table 30: The U.S. Digital Health Software Market Forecast by Value (2024-2028)
- 4. Market Dynamics
- 4.1 Growth Drivers
- 4.1.1 Increasing Geriatric Population
- Table 31: The U.S. Population 65 Years and Older (2017-2023)
- 4.1.2 Growing Usage of Mobile Devices
- Table 32: Smartphone & Tablet Users in the U.S. (2017-2023)
- 4.1.3 Surging Prevalence of Arthritis
- Table 33: Diagnosed and Future Projections of Arthritis in the U.S. (2010-2040)
- 4.1.4 Hike in Healthcare Expenditure
- Table 34: The U.S. National Healthcare Expenditure (2016-2024)
- 4.1.5 Expanding Urbanization
- Table 35: Urban Population of the U.S. (2019-2023)
- 4.1.6 Surging Occurrence of Chronic Diseases
- Table 36: Number of People with Chronic Conditions in the U.S. (2010-2030)
- 4.1.7 Mounting Penetration of Internet Users
- Table 37: Number of Internet Users in the U.S. (2020-2025)
- 4.2 Key Trends & Developments
- 4.2.1 Upsurge in the Number of Healthcare Apps
- Table 38: Mobile Health Apps Market Forecast in the U.S. (2018-2025)
- 4.2.2 Escalating Penetration of Electronic Health Record (EHR) Systems
- Table 39: Penetration Forecast of Electronic Health Record (EHR) Systems in the U.S. (2018-2024)
- 4.2.3 Increasing Importance of Wearable Devices
- Table 40: Number of Wearable Device Users in the U.S. (2017-2023)
- 4.2.4 Rising Integration with Artificial Intelligence
- 4.2.5 Surging Adoption of SaaS Applications
- 4.2.6 Supportive Government Initiatives
- 4.3 Challenges
- 4.3.1 High Capital Cost and Installations
- 4.3.2 Lack of Interoperability
- 4.3.3 Data Breach and Security Concerns
- 5. Company Profiles
- 5.1 Apple Inc.
- 5.1.1 Business Overview
- 5.2 McKesson Corporation
- 5.2.1 Business Overview
- 5.3 Alphabet Inc.
- 5.3.1 Business Overview
- 5.4 Cisco Systems, Inc.
- 5.4.1 Business Overview
- 5.5 Cerner Corporation
- 5.5.1 Business Overview
- 5.6 Allscripts Healthcare Solutions, Inc.
- 5.6.1 Business Overview
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