HealthTech Market Size - By Technology, By Component, By End-User,By Applications,By Delivery Mode - Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

HealthTech Market Size - By Technology, By Component, By End-User,By Applications,By Delivery Mode - Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Global HealthTech Market Overview:

According to SPER Market Research, the Global HealthTech Market is estimated to reach USD 1087.18 billion by 2032 with a CAGR of 18.22%.

The market for Health Techs is expanding as a result of increased customer demand for speedier payment settlements and rising use of cutting-edge technology like IoT and cloud-based solutions. One of the main drivers of the digital health market's expansion is the rise in the use of smartphones, tablets, and other mobile platforms. Other significant drivers include the rapidly improving healthcare IT infrastructure in industrialised countries, the expansion of supportive government initiatives in the U.S. and European region, the rise in demand for remote patient monitoring services, and the growth of venture capital investments. Further expanding the market for digital health throughout the aforementioned projected period will be an increase in technical development, modernization of the digitization, research and development activities, and demand from emerging economies.

Impact of COVID-19 on the Global HealthTech Market

Nearly every business has been impacted by the unmatched worldwide public health emergency known as COVID-19, and the long-term impacts are expected to have an influence on industry growth throughout the course of the projection period.The COVID-19 pandemic outbreak is projected to have a significant impact on the market for Health Techs. The market is anticipated to grow faster during the forecast period due to the surge in demand for virtual consultation services using mHealth applications, teleconsultation, electronic medical records, and virtual fitness platforms, as well as the quick-moving technological advancements.Additionally, the post-pandemic market growth is expected to be fuelled by manufacturer’s growing development of next-generation low-cost platforms, such as telemedicine, mHealth, telehealth, and telecare services.The rapid acceleration of market growth was influenced by a number of healthcare-related factors, including mHealth, telecare, patient management, advanced diagnostics, digital integration of health systems, and raising cybersecurity requirements. Telemedicine and other digital health technologies provide healthcare providers excellent opportunities to treat patients while observing lockdown protocols.

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 Applications, By Delivery Mode

Regions covered North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Companies Covered AirStrip Technologies, Allscripts, Apple Inc., AT&T, Cerner Corporation (Oracle), CISCO Systems Inc, Epic Systems Corporation, Google Inc., HiMS, IBM Corporation, Mqure, McKesson Corporation, Mdlive, Medi Buddy, Medical device as a service (MDAAS), MedPass, Mobicure, Myndtec, NeurNation, Nutrino, Okadoc, Omnia Salud, Pharm Easy, Philip Healthcare, Polycom Inc, Safermom, System Healthcare Solutions, Takalam, TeleMD, UAE’s Mulk, Ubenwa, Welli, Wuru, Xtreme VRI, Yerbo

Global Health Tech Market Segmentation:

By Technology: Based on the Technology, Global Health Tech Market is segmented as; Digital Health Systems (E-prescribing Systems and Electronic Health Records), Health Analytics, Health Information Technology, mHealth {Apps (Medical Apps, Fitness Apps, Services), Wearables (Activity Trackers/Actigraphs, BP Monitors, Glucose Meter, Neurological Monitors, Pulse Oximeter,Sleep Apnea Monitors)}, Telehealthcare {Telehealth (LTC Monitoring, Video Consultation), Telecare (Activity Monitoring,Remote Medication Management), Telemedicine}.

By Component: Based on the Component, Global Health Tech Market is segmented as; Hardware, Software and Services.

By End-User: Based on the End-User, Global Health Tech Market is segmented as; Healthcare Providers, Healthcare Payers, Healthcare Consumers, Pharmaceutical Companies and Others.

By Applications: Based on the Applications, Global Health Tech Market is segmented as; Cardiology, Diabetes, Neurology, Sleep Apnea, Oncology and Others.

Global Health Tech Market, By Delivery Modes: Based on the Delivery Modes, Global Health Tech Market is segmented as;Cloud and On-premises.

By Region: The region with the fastest growth rate is predicted to be Asia Pacific. The region's expanding eHealth platform adoption and rising healthcare spending are anticipated to fuel the expansion of these services. Government investment on healthcare is predicted to enhance demand for remote patient monitoring and other telehealth services, which will fuel industry growth in the Asia Pacific region.