The Global Digital Health Market Size accounted for USD 217 Billion in 2022 and is estimated to achieve a market size of USD 1,592 Billion by 2032 growing at a CAGR of 25.3% from 2023 to 2032.
Digital Health Market Highlights
- Global digital health market revenue is poised to garner USD 1,592 billion by 2032 with a CAGR of 25.3% from 2023 to 2032
- North America digital health market value occupied around USD 93.4 billion in 2022
- Asia-Pacific digital health market growth will record a CAGR of more than 26% from 2023 to 2032
- Among component, the services sub-segment generated over US$ 143 billion revenue in 2022
- Based on technology, the telehealth sub-segment generated maximum share in 2022
- Rise in AI, IoT, and big data is a popular market trend that fuels the industry demand
![Digital Health Market Size Digital Health Market Dynamics](reportimages/Main-Infographics_Global-Digital-Health-Market_-2018-2030.jpg)
Healthcare technology has undergone significant transformation over the last few decades, with the introduction of new technologies that have digitalized the healthcare sector. Digital health encompasses various platforms, including mobile health (mHealth), telehealth, and other wireless solutions, to deliver real-time healthcare services to patients. The increasing demand for home diagnosis and the positive impact of digital technology represent game-changing advancements in the healthcare sector, enabling real-time disease diagnosis. The growing adoption of smartphones, wearables, and other data-reading platforms is driving the expansion of the digital health market. However, high capital investments and privacy concerns are among the factors that pose challenges to the market's growth. Additionally, the rising adoption of technologies such as AI, big data, and IoT is expected to generate significant revenue in the digital health market during the forecast period from 2023 to 2032.
![Digital Health Market Share Digital Health Market Drivers](reportimages/Bar_Global-Digital-Health-Market.jpg)
Global Digital Health Market Dynamics
Market Drivers
- Rapidly increasing healthcare IT infrastructure
- Surging adoption of smartphones, tablets, and other platforms
- Growing healthcare expenditure
Market Restraints
- Cybersecurity and privacy concerns
- High capital investments and maintenance required
- Concerns related to ensuring regulatory compliance
Market Opportunities
- Rise in AI, IoT, and big data
- Growing adoption of mobile health applications
- Increase in adoption of digital health devices and technologies
Digital Health Market Report Coverage
Market |
Digital Health Market
|
Digital Health Market Size 2022 |
USD 217 Billion |
Digital Health Market Forecast 2032 |
USD 1,592 Billion |
Digital Health Market CAGR During 2023 - 2032 |
25.3% |
Digital Health Market Analysis Period |
2020 - 2032 |
Digital Health Market Base Year
|
2022 |
Digital Health Market Forecast Data |
2023 - 2032 |
Segments Covered |
By Component, By Technology, By End-User, And By Geography
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled |
AT&T Inc., Allscripts Healthcare Solutions Inc., Aruba Networks, Inc., Apple Inc., Alcatel-Lucent Corporation, Agfa-Gevaert N.V., AirStrip Technologies LP, Cerner Corporation, Symantec Corporation, Cisco Systems, Inc., Siemens Healthcare Epic Systems Corp., Qualcomm, Inc., and Philips Healthcare.
|
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Digital Health Market Insights
In recent years, healthcare technology has undergone a significant transformation. The increasing prevalence of various diseases, including diabetes and chronic cardiovascular conditions, has been a driving force behind the growth of the digital health market. This global market is primarily propelled by advancements in healthcare technology, the digitalization of various devices, and the increasing purchasing power of individuals. Several factors have contributed to the market's expansion, including the growing geriatric population, the rising incidence of diabetes and other chronic diseases, and increased government support. According to the World Health Organization (WHO), more than 422 million people worldwide suffer from diabetes. Additionally, ongoing transformations in the healthcare sector and increased public awareness have bolstered market growth. One notable trend in the digital health market is the rise of telehealth and telemedicine, which are expected to drive industry demand in the coming years. However, the high cost of advanced digital equipment and the associated maintenance expenses may potentially hinder market growth. The increasing prevalence of chronic diseases, such as diabetes, cardiovascular conditions, and respiratory illnesses, has created a growing demand for digital health solutions. These technologies play a crucial role in remote monitoring, disease management, and the enhancement of patient outcomes.![Digital Health Market - Acumen Research and Consulting Digital Health Market Growth 2023 - 2032](reportimages/Discounted-Price-Template-1.jpg)
Digital Health Market Segmentation
The worldwide market for digital health is split based on component, technology, end-user, and geography.
Digital Health Components
- Hardware
- Software
- Services
According to our analysis of the digital health industry, the services sub-segment is expected to hold the largest market share. This is primarily due to the increasing demand for a wide array of services, including installation, training, maintenance, and others. Furthermore, key players in the digital health market are placing a growing emphasis on providing various types of services, further driving market share. For instance, well-established companies offer an extensive range of pre- and post-installation services, encompassing project planning, staffing, training, implementation, and resource allocation and optimization. Conversely, the software sub-segment is anticipated to experience the fastest growth between 2023 and 2032. This rapid growth can be attributed to the escalating demand for software systems in the healthcare industry, which serves healthcare facilities, patients, healthcare providers, and insurance payers.
Digital Health Technologies
- Telehealth
- Activity Monitoring
- LTC Monitoring
- Video Consultation
- Remote Medication Management
- Others
- Health Analytics
- MHealth
- BP Monitor
- Pulse Oximeter
- Glucose Meter
- Sleep Apnea Monitors
- Neurological Monitors
- Digital Health Systems
- Others
The telehealth sub-segment has consistently held the majority share in recent years, and this trend is expected to continue in the coming years. Within the telehealth sub-segment, there are several categories, including activity monitoring, long-term care (LTC) monitoring, video consultation, remote medication management, and others. Telehealth involves the use of communication technologies and digital information to access and manage healthcare services remotely. The increasing adoption of computers, laptops, tablets, and smartphones for telehealth purposes is a significant driver of the digital health market's growth.
Digital Health End-Users
- Healthcare Providers
- Payers
- Healthcare Consumers
- Others
According to the digital health market forecast, the healthcare providers segment has consistently dominated the market share and is poised to maintain its dominance throughout the forecasted period from 2023 to 2032. The increase in the prevalence of chronic diseases has resulted in a surge in demand for mHealth apps and the adoption of innovative technologies in the healthcare sector. This demand from the healthcare providers sector has been a major driving force behind the growth of the digital health market.
In terms of growth rate, the payers segment is expected to experience the fastest revenue growth, characterized by a high compound annual growth rate (CAGR) during the forecast period.
Digital Health Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Digital Health Market Regional Analysis
North America dominates the global digital health market due to its well-developed economy, increasing demand for advanced products, high spending power, and the presence of many leading players. The U.S. holds the largest share of the North American digital health market.
Europe represents the second-largest market for digital health. The primary factors driving the growth of the European market include the availability of substantial funds for research and development, strong government support, and high per capita income levels.
The Asia Pacific region is expected to experience the fastest growth in this market, primarily attributed to the presence of rapidly developing economies and increasing digitalization of technology.
In contrast, the LAMEA (Latin America, Middle East, and Africa) region currently holds the smallest market share. However, there are significant untapped opportunities in the LAMEA market, which are expected to contribute to a healthy future for the market during the forecasted period from 2023 to 2032.
Digital Health Market Players
Some of the top digital health companies offered in our report includes AT&T Inc., Allscripts Healthcare Solutions Inc., Aruba Networks, Inc., Apple Inc., Alcatel-Lucent Corporation, Agfa-Gevaert N.V., AirStrip Technologies LP, Cerner Corporation, Symantec Corporation, Cisco Systems, Inc., Siemens Healthcare Epic Systems Corp., Qualcomm, Inc., and Philips Healthcare.
CHAPTER 1. Industry Overview of Digital Health Market
1.1. Definition and Scope
1.1.1. Definition of Digital Health
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Digital Health Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Digital Health Market By Component
1.2.3. Digital Health Market By Technology
1.2.4. Digital Health Market By End-User
1.2.5. Digital Health Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Digital Health Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Digital Health Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2022
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2022
4.2. R&D Status of Major Manufacturers in 2022
CHAPTER 5. Digital Health Market By Component
5.1. Introduction
5.2. Digital Health Revenue By Component
5.2.1. Digital Health Revenue (USD Billion) and Forecast, By Component, 2020-2032
5.2.2. Hardware
5.2.2.1. Hardware Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.3. Software
5.2.3.1. Software Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.4. Services
5.2.4.1. Services Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 6. Digital Health Market By Technology
6.1. Introduction
6.2. Digital Health Revenue By Technology
6.2.1. Digital Health Revenue (USD Billion) and Forecast, By Technology, 2020-2032
6.2.2. Telehealth
6.2.2.1. Telehealth Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.2.2. Activity Monitoring
6.2.2.2.1. Activity Monitoring Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.2.3. LTC Monitoring
6.2.2.3.1. LTC Monitoring Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.2.4. Video Consultation
6.2.2.4.1. Video Consultation Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.2.5. Remote Medication Management
6.2.2.5.1. Remote Medication Management Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.2.6. Others
6.2.2.6.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.3. Health Analytics
6.2.3.1. Health Analytics Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.4. MHealth
6.2.4.1. MHealth Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.5. BP Monitor
6.2.5.1. BP Monitor Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.6. Pulse Oximeter
6.2.6.1. Pulse Oximeter Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.7. Glucose Meter
6.2.7.1. Glucose Meter Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.8. Sleep Apnea Monitors
6.2.8.1. Sleep Apnea Monitors Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.9. Neurological Monitors
6.2.9.1. Neurological Monitors Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.10. Digital Health Systems
6.2.10.1. Digital Health Systems Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.11. Others
6.2.11.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 7. Digital Health Market By End-User
7.1. Introduction
7.2. Digital Health Revenue By End-User
7.2.1. Digital Health Revenue (USD Billion) and Forecast, By End-User, 2020-2032
7.2.2. Healthcare Providers
7.2.2.1. Healthcare Providers Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.3. Payers
7.2.3.1. Payers Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.4. Healthcare Consumers
7.2.4.1. Healthcare Consumers Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.5. Others
7.2.5.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 8. North America Digital Health Market By Country
8.1. North America Digital Health Market Overview
8.2. U.S.
8.2.1. U.S. Digital Health Revenue (USD Billion) and Forecast By Component, 2020-2032
8.2.2. U.S. Digital Health Revenue (USD Billion) and Forecast By Technology, 2020-2032
8.2.3. U.S. Digital Health Revenue (USD Billion) and Forecast By End-User, 2020-2032
8.3. Canada
8.3.1. Canada Digital Health Revenue (USD Billion) and Forecast By Component, 2020-2032
8.3.2. Canada Digital Health Revenue (USD Billion) and Forecast By Technology, 2020-2032
8.3.3. Canada Digital Health Revenue (USD Billion) and Forecast By End-User, 2020-2032
8.4. North America PEST Analysis
CHAPTER 9. Europe Digital Health Market By Country
9.1. Europe Digital Health Market Overview
9.2. U.K.
9.2.1. U.K. Digital Health Revenue (USD Billion) and Forecast By Component, 2020-2032
9.2.2. U.K. Digital Health Revenue (USD Billion) and Forecast By Technology, 2020-2032
9.2.3. U.K. Digital Health Revenue (USD Billion) and Forecast By End-User, 2020-2032
9.3. Germany
9.3.1. Germany Digital Health Revenue (USD Billion) and Forecast By Component, 2020-2032
9.3.2. Germany Digital Health Revenue (USD Billion) and Forecast By Technology, 2020-2032
9.3.3. Germany Digital Health Revenue (USD Billion) and Forecast By End-User, 2020-2032
9.4. France
9.4.1. France Digital Health Revenue (USD Billion) and Forecast By Component, 2020-2032
9.4.2. France Digital Health Revenue (USD Billion) and Forecast By Technology, 2020-2032
9.4.3. France Digital Health Revenue (USD Billion) and Forecast By End-User, 2020-2032
9.5. Spain
9.5.1. Spain Digital Health Revenue (USD Billion) and Forecast By Component, 2020-2032
9.5.2. Spain Digital Health Revenue (USD Billion) and Forecast By Technology, 2020-2032
9.5.3. Spain Digital Health Revenue (USD Billion) and Forecast By End-User, 2020-2032
9.6. Rest of Europe
9.6.1. Rest of Europe Digital Health Revenue (USD Billion) and Forecast By Component, 2020-2032
9.6.2. Rest of Europe Digital Health Revenue (USD Billion) and Forecast By Technology, 2020-2032
9.6.3. Rest of Europe Digital Health Revenue (USD Billion) and Forecast By End-User, 2020-2032
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Digital Health Market By Country
10.1. Asia Pacific Digital Health Market Overview
10.2. China
10.2.1. China Digital Health Revenue (USD Billion) and Forecast By Component, 2020-2032
10.2.2. China Digital Health Revenue (USD Billion) and Forecast By Technology, 2020-2032
10.2.3. China Digital Health Revenue (USD Billion) and Forecast By End-User, 2020-2032
10.3. Japan
10.3.1. Japan Digital Health Revenue (USD Billion) and Forecast By Component, 2020-2032
10.3.2. Japan Digital Health Revenue (USD Billion) and Forecast By Technology, 2020-2032
10.3.3. Japan Digital Health Revenue (USD Billion) and Forecast By End-User, 2020-2032
10.4. India
10.4.1. India Digital Health Revenue (USD Billion) and Forecast By Component, 2020-2032
10.4.2. India Digital Health Revenue (USD Billion) and Forecast By Technology, 2020-2032
10.4.3. India Digital Health Revenue (USD Billion) and Forecast By End-User, 2020-2032
10.5. Australia
10.5.1. Australia Digital Health Revenue (USD Billion) and Forecast By Component, 2020-2032
10.5.2. Australia Digital Health Revenue (USD Billion) and Forecast By Technology, 2020-2032
10.5.3. Australia Digital Health Revenue (USD Billion) and Forecast By End-User, 2020-2032
10.6. South Korea
10.6.1. South Korea Digital Health Revenue (USD Billion) and Forecast By Component, 2020-2032
10.6.2. South Korea Digital Health Revenue (USD Billion) and Forecast By Technology, 2020-2032
10.6.3. South Korea Digital Health Revenue (USD Billion) and Forecast By End-User, 2020-2032
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Digital Health Revenue (USD Billion) and Forecast By Component, 2020-2032
10.7.2. Rest of Asia-Pacific Digital Health Revenue (USD Billion) and Forecast By Technology, 2020-2032
10.7.3. Rest of Asia-Pacific Digital Health Revenue (USD Billion) and Forecast By End-User, 2020-2032
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Digital Health Market By Country
11.1. Latin America Digital Health Market Overview
11.2. Brazil
11.2.1. Brazil Digital Health Revenue (USD Billion) and Forecast By Component, 2020-2032
11.2.2. Brazil Digital Health Revenue (USD Billion) and Forecast By Technology, 2020-2032
11.2.3. Brazil Digital Health Revenue (USD Billion) and Forecast By End-User, 2020-2032
11.3. Mexico
11.3.1. Mexico Digital Health Revenue (USD Billion) and Forecast By Component, 2020-2032
11.3.2. Mexico Digital Health Revenue (USD Billion) and Forecast By Technology, 2020-2032
11.3.3. Mexico Digital Health Revenue (USD Billion) and Forecast By End-User, 2020-2032
11.4. Rest of Latin America
11.4.1. Rest of Latin America Digital Health Revenue (USD Billion) and Forecast By Component, 2020-2032
11.4.2. Rest of Latin America Digital Health Revenue (USD Billion) and Forecast By Technology, 2020-2032
11.4.3. Rest of Latin America Digital Health Revenue (USD Billion) and Forecast By End-User, 2020-2032
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Digital Health Market By Country
12.1. Middle East & Africa Digital Health Market Overview
12.2. GCC
12.2.1. GCC Digital Health Revenue (USD Billion) and Forecast By Component, 2020-2032
12.2.2. GCC Digital Health Revenue (USD Billion) and Forecast By Technology, 2020-2032
12.2.3. GCC Digital Health Revenue (USD Billion) and Forecast By End-User, 2020-2032
12.3. South Africa
12.3.1. South Africa Digital Health Revenue (USD Billion) and Forecast By Component, 2020-2032
12.3.2. South Africa Digital Health Revenue (USD Billion) and Forecast By Technology, 2020-2032
12.3.3. South Africa Digital Health Revenue (USD Billion) and Forecast By End-User, 2020-2032
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Digital Health Revenue (USD Billion) and Forecast By Component, 2020-2032
12.4.2. Rest of Middle East & Africa Digital Health Revenue (USD Billion) and Forecast By Technology, 2020-2032
12.4.3. Rest of Middle East & Africa Digital Health Revenue (USD Billion) and Forecast By End-User, 2020-2032
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Digital Health Market
13.1. Digital Health Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Digital Health Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. AT&T Inc.
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (USD Billion), 2022
14.1.3.2. AT&T Inc. 2022 Digital Health Business Regional Distribution
14.1.4. Product /Service and Specification
14.1.5. Recent Developments & Business Strategy
14.2. Allscripts Healthcare Solutions Inc.
14.3. Aruba Networks, Inc.
14.4. Apple Inc.
14.5. Alcatel-Lucent Corporation
14.6. Agfa-Gevaert N.V.
14.7. AirStrip Technologies LP
14.8. Cerner Corporation
14.9. Symantec Corporation
14.10. Cisco Systems, Inc.
14.11. Siemens Healthcare Epic Systems Corp.
14.12. Qualcomm, Inc.
14.13. Philips Healthcare