Digital Healthcare Market Size - By Technology, By Component, By End User, By Application - Regional Outlook, Competitive Strategies and Segment Forecasts to 2032
Digital Healthcare Market Overview:
According to SPER Market Research, the Global Digital Healthcare Market is estimated to reach USD 996.82 billion by 2032 with a CAGR of 18.83%.
The proliferation of smartphones, improved internet connectivity with the advent of 4G/5G, advances in healthcare IT infrastructure, increased need to reduce healthcare costs, rising prevalence of chronic diseases, increasing access to virtual care, are some of the most important factors. To facilitate market growth. Additionally, major players are focusing on launching advanced applications to improve user experience. For example, Teladoc Health has worked with Microsoft over the past few years to integrate its Solo platform with its Microsoft Teams environment to improve access for doctors and patients in virtual medicine. Aging populations and prevalence of chronic diseases are increasing the need for medical professionals in various regions. Telemedicine/telemedicine services help doctors reach more patients. This will improve access to healthcare, improve the use of patient and physician time, and help reduce healthcare costs. People living in remote areas have to travel hours to get treatment, but now the masses can meet their medical needs through telemedicine, supporting the growth of the market.
Impact of COVID-19 on the Global Digital Healthcare Market
The Covid-19 outbreak is expected to drive adoption trends for digital health services. The Covid-19 pandemic has put the global healthcare system under stress, driving the demand for digital health alongside the development of remote monitoring services and healthcare IT. The Covid-19 pandemic has sparked a surge in the use of digital technology for resource management, tracking, and population screening applications. In healthcare, several companies have launched collaborative portals to share unidentified patient data from electronic medical records for use in research. Additionally, government agencies such as the WHO are partnering with technology companies to use digital health systems to manage the pandemic more efficiently. Hence, the rapid shift towards digitization during the pandemic is having a positive impact on the outlook for the industry.
Scope of the Report:
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Technology, By Component, By End User, By Application
Regions covered North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Companies Covered AdvancedMD Inc., Allscripts Healthcare Solutions Inc, AT & T, Athenahealth, Inc., BioTelemetry Inc. Cerner Corporation, Cisco Systems, eClinicalWorks, Honeywell International Inc., iHealth Lab, Inc., McKesson Corporation, Koninklijke Philips N.V
Digital Healthcare Market Segmentation:
By Technology: Based on the Technology, Global Digital Healthcare Market is segmented as; Telehealthcare {Telecare (Activity Monitoring, Remote Medication Management), Telehealth (LTC Monitoring, Video Consultation)}, mHealth {Wearables (BP Monitor, Glucose Meter, Pulse Oximeter, Sleep Apnea Monitors)}, Apps (Medical Apps, Fitness Apps), Health Analytics, Digital Health Systems (Electronic Health Records, E-Prescribing Systems).
By Component: Based on the Component, Global Digital Healthcare Market is segmented as; Hardware, Software, Services.
By End User: Based on the End User, Global Digital Healthcare Market is segmented as; Healthcare Provider, Payers, Healthcare Consumers.
By Application: Based on the Application, Global Digital Healthcare Market is segmented as; Healthcare Amenities, Home Care Services, Remote Monitoring, Consultancy Application.
By Region: The Asia-Pacific market is expected to grow at the highest CAGR. This growth is driven by increasing medical tourism, investments and reforms to modernize China's medical infrastructure, and implementation of IT programs in Australia and New Zealand.
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER’s internal Database
- 2.1.4. Premium Insight from KOL’s
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
- 4.2. COVID-19 Impacts of the Global Digital Healthcare Market
- 5. Market variables and outlook
- 5.1. SWOT analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL analysis
- 5.2.1. Political landscape
- 5.2.2. Economic landscape
- 5.2.3. Social landscape
- 5.2.4. Technological landscape
- 5.2.5. Environmental landscape
- 5.2.6. Legal landscape
- 5.3. PORTER’S five forces analysis
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of Buyers
- 5.3.3Globa. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat map analysis
- 6. Global Digital Healthcare Market, By Technology, 2019-2032 (USD million)
- 6.1 Telehealthcare
- 6.1.1 Telecare
- 6.1.1.1 Activity Monitoring
- 6.1.1.2 Remote Medication Management
- 6.1.2 Telehealth
- 6.1.2.1 LTC Monitoring
- 6.1.2.2 Video Consultation
- 6.2 mHealth
- 6.2.1 Wearables
- 6.2.1.1 BP Monitor
- 6.2.1.2 Glucose Meter
- 6.2.1.3 Pulse Oximeter
- 6.2.1.4 Sleep Apnea Monitors
- 6.3 Apps
- 6.3.1 Medical Apps
- 6.3.2 Fitness Apps
- 6.4 Health Analytics
- 6.5 Digital Health Systems
- 6.5.1 Electronic Health Records
- 6.5.2 E-Prescribing Systems
- 7. Global Digital health Market, By Component, 2019-2032 (USD million)
- 7.1 Hardware
- 7.2 Software
- 7.3 Services
- 8. Global Digital Healthcare Market, By End User, 2019-2032 (USD million)
- 8.1 Healthcare Provider
- 8.2 Payers
- 8.3 Healthcare Consumers
- 9. Global Digital Healthcare Market, By Application, 2019-2032 (USD million)
- 9.1 Healthcare Amenities
- 9.2 Home Care Services
- 9.3 Remote Monitoring
- 9.4 Consultancy Application
- 10. Global Digital Healthcare Market, By Region, 2019-2032 (USD million)
- 10.1 North America
- 10.1.1 United States
- 10.1.2 Canada
- 10.1.3 Mexico
- 10.2 Europe
- 10.2.1 Germany
- 10.2.2 United Kingdom
- 10.2.3 France
- 10.2.4 Italy
- 10.2.5 Spain
- 10.2.6 Rest of Europe
- 10.3 Asia-Pacific
- 10.3.1 China
- 10.3.2 Japan
- 10.3.3 India
- 10.3.4 Australia
- 10.3.5 South Korea
- 10.3.6 Rest of Asia-Pacific
- 10.4 South America
- 10.4.1 Brazil
- 10.4.2 Argentina
- 10.4.3 Rest of South America
- 10.5 Middle East & Africa
- 10.5.1 Kingdom of Saudi Arabia
- 10.5.2 United Arab Emirates
- 10.5.3 Rest of Middle East & Africa
- 11. Company Profiles
- 11.1 AdvancedMD Inc.
- 11.1.1 Company details
- 11.1.2 Financial outlook
- 11.1.3 Product summary
- 11.1.4 Recent developments
- 11.2 Allscripts Healthcare Solutions Inc
- 11.2.1 Company details
- 11.2.2 Financial outlook
- 11.2.3 Product summary
- 11.2.4 Recent developments
- 11.3 AT & T
- 11.3.1 Company details
- 11.3.2 Financial outlook
- 11.3.3 Product summary
- 11.3.4 Recent developments
- 11.4 Athenahealth, Inc.
- 11.4.1 Company details
- 11.4.2 Financial outlook
- 11.4.3 Product summary
- 11.4.4 Recent developments
- 11.5 BioTelemetry Inc. Cerner Corporation
- 11.5.1 Company details
- 11.5.2 Financial outlook
- 11.5.3 Product summary
- 11.5.4 Recent developments
- 11.6 Cisco Systems
- 11.6.1 Company details
- 11.6.2 Financial outlook
- 11.6.3 Product summary
- 11.6.4 Recent developments
- 11.7 eClinicalWorks
- 11.7.1 Company details
- 11.7.2 Financial outlook
- 11.7.3 Product summary
- 11.7.4 Recent developments
- 11.8 Honeywell International Inc.
- 11.8.1 Company details
- 11.8.2 Financial outlook
- 11.8.3 Product summary
- 11.8.4 Recent developments
- 11.9 iHealth Lab, Inc.
- 11.9.1 Company details
- 11.9.2 Financial outlook
- 11.9.3 Product summary
- 11.9.4 Recent developments
- 11.10 McKesson Corporation
- 11.10.1 Company details
- 11.10.2 Financial outlook
- 11.10.3 Product summary
- 11.10.4 Recent developments
- 11.11 Koninklijke Philips N.V.
- 11.11.1 Company details
- 11.11.2 Financial outlook
- 11.11.3 Product summary
- 11.11.4 Recent developments
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