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Digital Health Market Size, Share & Trends Analysis Report by Technology (Healthcare Analytics, mHealth), by Component (Software, Services), by Region, and Segment Forecasts, 2022-2030

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    Report

  • 150 Pages
  • April 2022
  • Region: Global
  • Grand View Research
  • ID: 5265093
The global digital health market size is expected to reach USD 1.5 trillion by 2030 and is expected to expand at a CAGR of 27.7% over the forecast period. Advancements in the internet connectivity, growing smartphone penetration, rising healthcare IT expenses, developing IT infrastructure, technology readiness, a growing shortage of healthcare providers, overburdened healthcare facilities, and rising medical expenses are driving the market growth.



Additionally, increasing demand for remote patient monitoring services, the growing prevalence of chronic diseases, and the increasing accessibility of virtual care services is propelling the market to move forward at a significant rate. The growing trend of digitalization in healthcare is being supported by growth in public-private partnerships, the emergence of startups, and favorable government initiatives.

The tele-healthcare segment dominated by technology in 2021 with a market revenue share of 37.6%, due to the rising adoption of telehealth platforms by physicians and providers. In addition, the growing inclination toward digital communication and information technologies for virtual home health services also supporting to the segment growth. The services segment dominated the market by component in 2021 owing to the growing demand for pre-installation and post-installation services covering staffing, training, implementation, resource allocation, and maintenance.

By region, North America dominated in 2021 with a market revenue share of 45.9%, owing to the presence of key market players, advancements in health IT infrastructure, growing technological literacy, lucrative funding options, favorable government support, and the emergence of startups. The growing demand for digital health solutions is boosting key players to devise innovative product development strategies to serve the demand and expand product portfolios.

The Covid-19 pandemic overburdened the existing healthcare systems and exposed the shortfalls of the same. Simultaneously it is boosting the adoption of digital health technologies to streamline organizational workflows, provide virtual care solutions to patients, reduce the dependency on in-person consultation, track population health & fitness levels through mHealth platforms & wearables.

The Covid-19 pandemic significantly drove the demand for digital health solutions in the healthcare industry and revealed multiple opportunities in the technology space. The surge in demand boosted key participants to constantly focus on innovative product development strategies to expand their business footprint. Due to the pandemic, the scope of digital health applications witnessed a surge in virtual care, mHealth platforms, healthcare IT systems, telehealth, and wearables.

Digital Health Market Report Highlights

  • The market size is anticipated to be valued at USD 1.5 trillion by 2030, owing to the improving internet coverage, growing chronic disease prevalence, increasing smartphone penetration, growing demand for virtual care, and increasing access to healthcare.
  • Tele-healthcare segment dominated the global market in 2021 with a market revenue share of 37.6%, due to increasing preference for remote patient monitoring services and a shortage of healthcare professionals.
  • by component, the services segment dominated the global market with 45.6% of market revenue share in 2021, owing to the growing demand for pre-installation and post-installation services.
  • North America dominated the market by region in 2021 with a revenue share of 45.9%, owing to the rapidly developing healthcare IT infrastructure, the emergence of startups, growing funding options, and improving technological literacy.


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Frequently Asked Questions about the Global Digital Health Market

What is the estimated value of the Global Digital Health Market?

The Global Digital Health Market was estimated to be valued at $216.7 Billion in 2022.

What is the growth rate of the Global Digital Health Market?

The growth rate of the Global Digital Health Market is 27.7%, with an estimated value of $1500 Billion by 2030.

What is the forecasted size of the Global Digital Health Market?

The Global Digital Health Market is estimated to be worth $1500 Billion by 2030.

Who are the key companies in the Global Digital Health Market?

Key companies in the Global Digital Health Market include Apple Inc., At&T, Airstrip Technologies, Allscripts, Google Inc., Orange, Qualcomm Technologies, Inc., Softserve and Samsung Electronics Co. Ltd..

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation and Scope
1.2 Market Definition
1.2.1 Telecare
1.2.2 Telehealth
1.2.3 mHealth wearables
1.2.4 mHealth apps
1.2.5 mHealth services
1.2.6 Healthcare analytics
1.2.7 Digital health systems
1.3 Research Methodology
1.3.1 Information Procurement
1.3.1.1 Purchased database:
1.3.1.2 internal database
1.3.2 Primary Research:
1.4 Research Scope and Assumptions
1.5 List to Data Sources
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Technology Outlook
2.3 Component Outlook
2.4 Regional Outlook
2.5 Competitive Outlook
2.6 Digital Health Market Snapshot
Chapter 3 Digital Health Market Variables, Trends & Scope
3.1 Penetration and Growth Prospect Mapping
3.2 Market Dynamics
3.2.1 Market Driver Analysis
3.2.1.1 Increasing adoption of digital healthcare
3.2.1.2 Rise in artificial intelligence, IoT, and big data
3.2.1.3 Growing adoption of mobile health applications
3.2.1.4 Supportive initiatives and increasing strategic alliances
3.2.1.5 High penetration of smartphones
3.2.2 Market Restraint Analysis
3.2.2.1 Cybersecurity and privacy concerns
3.2.3 Market Challenges
3.2.3.1 Digital health technology unable to deliver the promised results
3.3 Digital Health Market Analysis Tools
3.3.1 Industry Analysis-Porter’s
3.3.1.1 Bargaining power of the suppliers-Moderate
3.3.1.2 Bargaining power of the buyers-Moderately High
3.3.1.3 Threats of substitution-Low
3.3.1.4 Threats from new entrants-Moderate
3.3.1.5 Competitive rivalry-High
3.3.2 PEST Analysis
3.3.2.1 Political Landscape
3.3.2.2 Economic Landscape
3.3.2.3 Social Landscape
3.3.2.4 Technology Landscape
3.4 Regulatory Landscape
3.4.1 U.S.
3.4.2 Europe
3.5 Technology Landscape
3.5.1 Pipeline analysis (Upcoming technologies)
3.6 Impact of COVID-19 on Digital Health Market
Chapter 4 Digital Health Market : Competitive Landscape Analysis
4.1 Recent Developments & Impact Analysis, by Key Market Participants
4.1.1 ALLSCRIPTS ACQUIRED HealthGrid
4.1.2 ALLSCRIPTS ACQUIRED practice fusion
4.1.3 Allscripts divesture
4.1.4 Roche acquired flatiron health
4.1.5 Medtronic acquired Nutrino
4.1.6 Mckesson ventures invest into Propeller Health
4.1.7 CureMD achieved healthcare network accreditation
4.1.8 Google acquired Senosis
4.1.9 IBM Watson health investments in research
4.1.10 NextGen Healthcare acquired Eagledream health, Inc.
4.1.11 Dexcom acquired TypeZero Technologies
4.1.12 Apple, inc. acquired Glimpse
4.1.13 NEXtGen healthcare investments in software development
4.1.14 NExtgen healthcare-acquired Healthfusion holdings, Inc.
4.1.15 Digital health IPO’s
4.1.16 Fitbit, Inc. acquisition of twine health
4.1.17 Headspace acquired Alpine. Ai
4.1.18 muse acquired meditation studio
4.1.19 Mckesson acquired Vantage Oncology, LLC
4.1.20 Teladoc acquired Advance Medical
4.1.21 Medidata acquired shyft Analytics
4.1.22 American Well acquired Avizia
4.1.23 Intouch Health acquired Reach Health
4.1.24 Livongo acquired Retrofit
4.1.25 Babyscripts acquired iBirth
4.2 Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
4.3 Vendor Landscape
4.3.1 A partial list of key distributors and channel partners
4.3.2 Key customers
4.3.3 Key company market share analysis, 2021
4.3.4 Public Companies
4.3.4.1 Company Market Position Analysis (Geographic Presence, Product Portfolio, Key Alliance, Industry Experience)
4.3.4.2 Company market share analysis
4.3.4.3 Market differentiators
4.3.5 Private companies
4.3.5.1 List of key emerging companies
4.3.5.2 Regional network map
4.3.5.3 Company market position analysis (Geographic Presence, Product Portfolio, Key Alliance, Industry Experience)
Chapter 5 Digital Health Market : Technology Estimates & Trend Analysis
5.1 Digital Health Market : Technology Movement Analysis (USD Million), 2021 & 2030
5.2 Tele-healthcare
5.2.1 Tele-healthcare market estimates and forecasts, 2016-2030 (USD Million)
5.2.2 Telecare
5.2.2.1 Telecare market estimates and forecasts, 2016-2030 (USD Million)
5.2.2.2 Activity monitoring
5.2.2.2.1 activity monitoring market estimates and forecasts, 2016-2030 (USD Million)
5.2.2.3 Remote medication management
5.2.2.3.1 Remote medication management market estimates and forecasts, 2016-2030 (USD Million)
5.2.3 Telehealth
5.2.3.1 Telehealth market estimates and forecasts, 2016-2030 (USD Million)
5.2.3.2 Long-term Care (LTC) Monitoring
5.2.3.2.1 long term care monitoring market estimates and forecasts, 2016 - 2030 (USD Million)
5.2.3.3 Video Consultation
5.2.3.3.1 Video consultation market estimates and forecasts, 2016-2030 (USD Million)
5.3 mHealth
5.3.1 mhealth market estimates and forecasts, 2016-2030 (USD Million)
5.3.2 Wearables
5.3.2.1 Wearables market estimates and forecasts, 2016-2030 (USD Million)
5.3.2.2 BP Monitors
5.3.2.2.1 BP monitors market estimates and forecasts, 2016-2030 (USD Million)
5.3.2.3 Glucose Meter
5.3.2.3.1 Glucose meter market estimates and forecasts, 2016-2030 (USD Million)
5.3.2.4 Pulse Oximeter
5.3.2.4.1 Pulse Oximeter market estimates and forecasts, 2016-2030 (USD Million)
5.3.2.5 Sleep Apnea Monitors
5.3.2.5.1 Sleep Apnea Monitors market estimates and forecasts, 2016-2030 (USD Million)
5.3.2.6 Neurological Monitors
5.3.2.6.1 Neurological Monitors market estimates and forecasts, 2016-2030 (USD Million)
5.3.2.7 Activity Trackers/Actigraphs
5.3.2.7.1 Activity Trackers/ Actigraphs market estimates and forecasts, 2016-2030 (USD Million)
5.3.3 mHealth apps
5.3.3.1 mHealth apps market estimates and forecasts, 2016-2030 (USD Million)
5.3.3.2 Medical Apps
5.3.3.2.1 Medical apps market estimates and forecasts, 2016-2030 (USD Million)
5.3.3.3 Fitness Apps
5.3.3.3.1 Fitness apps market estimates and forecasts, 2016-2030 (USD Million)
5.3.4 mHealth services, by Type
5.3.4.1 mHealth services market estimates and forecasts, 2016-2030 (USD Million)
5.3.4.2 Monitoring Services
5.3.4.2.1 Revenue estimates and forecasts for mhealth monitoring services, 2016-2030 (USD Million)
5.3.4.2.2 Independent Aging Solutions
5.3.4.2.2.1 Revenue estimates and forecasts for independent aging solutions, 2016-2030 (USD Million)
5.3.4.2.3 Chronic Disease Management & Post-acute Care Services
5.3.4.2.3.1 Revenue estimates and forecasts for chronic disease management & post-acute care services, 2016-2030 (USD Million))
5.3.4.3 Diagnosis Services
5.3.4.3.1 Revenue estimates and forecasts for mHealth diagnosis services, 2016-2030 (USD Million)
5.3.4.4 Healthcare Systems Strengthening Services
5.3.4.4.1 Healthcare systems strengthening services market revenue estimates and forecasts, 2016-2030 (USD Million)
5.3.4.5 Other Services
5.3.4.5.1 Revenue estimates and forecasts for other mhealth services, 2016-2030 (USD Million)
5.3.5 mHealth Services, by Participants
5.3.5.1 Mobile Operators
5.3.5.1.1 Revenue estimates and forecasts for mhealth mobile operators, 2016-2030 (USD Million)
5.3.5.2 Device Vendors
5.3.5.2.1 Revenue estimates and forecasts for mhealth device vendors, 2016-2030 (USD Million)
5.3.5.3 Content Players
5.3.5.3.1 Revenue estimates and forecasts for mhealth content players, 2016-2030 (USD Million)
5.3.5.4 Healthcare Providers
5.3.5.4.1 Revenue estimates and forecasts for healthcare providers, 2016-2030 (USD Million)
5.4 Healthcare Analytics
5.4.1 Healthcare Analytics market estimates and forecasts, 2016-2030 (USD Million)
5.5 Digital Health System
5.5.1 Digital health system market estimates and forecasts, 2016-2030 (USD Million)
5.5.2 Electronic Health Records (EHR)
5.5.2.1 Electronic Health Records (EHR) market estimates and forecasts, 2016-2030 (USD Million)
5.5.3 E-prescribing System
5.5.3.1 E-prescribing system market estimates and forecasts, 2016-2030 (USD Million)
Chapter 6 Digital Health Market : Component Estimates & Trend Analysis
6.1 Digital Health Market : Component Movement Analysis (USD Million), 2021 & 2030
6.2 Digital Health Software
6.2.1 Digital Health software market estimates and forecasts, 2016-2030 (USD Million))
6.3 Digital Health Hardware
6.3.1 Digital Health hardware market estimates and forecasts, 2016-2030 (USD Million)
6.4 Digital Health Services
6.4.1 Digital Health service market estimates and forecasts, 2016-2030 (USD Million)
Chapter 7 Digital Health Market : Regional Estimates & Trend Analysis, by Technology and Component
7.1 Regional Market Snapshot
7.2 Digital Health Market Share, by Region, 2021 & 2030 (USD Million)
7.3 Market Share Analysis, by Country, 2021
7.4 SWOT Analysis, by Factor (Political, Legal, Economic and Technological)
7.4.1 North America
7.4.2 Europe
7.4.3 Asia Pacific
7.4.4 Latin America
7.4.5 MEA
7.5 North America
7.5.1 North America digital health market estimates and forecasts, 2016-2030 (USD Million)
7.5.2 U.S.
7.5.2.1 The U.S. digital health market estimates and forecasts, 2016-2030 (USD Million)
7.5.3 Canada
7.5.3.1 Canada digital health market estimates and forecasts, 2016-2030 (USD Million)
7.6 Europe
7.6.1 Europe digital health market estimates and forecasts, 2016-2030 (USD Million)
7.6.2 U.K.
7.6.2.1 U.K. digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.6.3 Germany
7.6.3.1 Germany digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.6.4 Spain
7.6.4.1 Spain digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.6.5 France
7.6.5.1 France digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.6.6 Italy
7.6.6.1 Italy digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.6.7 Russia
7.6.7.1 Russia digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.7 Asia Pacific
7.7.1 Asia Pacific digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.7.2 Japan
7.7.2.1 Japan digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.7.3 China
7.7.3.1 China digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.7.4 India
7.7.4.1 India digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.7.5 South Korea
7.7.5.1 South Korea digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.7.6 Singapore
7.7.6.1 Singapore digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.7.7 Australia
7.7.7.1 Australia digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.8 Latin America
7.8.1 Latin America digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.8.2 Brazil
7.8.2.1 Brazil digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.8.3 Mexico
7.8.3.1 Mexico digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.8.4 Argentina
7.8.4.1 Argentina digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.9 MEA
7.9.1 MEA digital Health market estimates and forecast, 2016-2030 (USD Million)
7.9.2 Saudi Arabia
7.9.2.1 Saudi Arabia digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.9.3 UAE
7.9.3.1 UAE digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.9.4 South Africa
7.9.4.1 South Africa digital Health market estimates and forecasts, 2016-2030 (USD Million)
7.9.5 Saudi Arabia
7.9.5.1 Saudi Arabia digital Health market estimates and forecasts, 2016-2030 (USD Million)
Chapter 8 Company Profiles
8.1 Apple Inc.
8.1.1 Company overview
8.1.2 Financial performance
8.1.3 Product benchmarking
8.1.4 Strategic initiatives
8.2 AT&T
8.2.1 Company overview
8.2.2 Financial performance
8.2.3 Product benchmarking
8.2.4 Strategic initiatives
8.3 AirStrip Technologies
8.3.1 Company overview
8.3.2 Financial performance
8.3.3 Product benchmarking
8.3.4 Strategic initiatives
8.4 Allscripts
8.4.1 Company overview
8.4.2 Financial performance
8.4.3 Product benchmarking
8.4.4 Strategic initiatives
8.5 Google Inc.
8.5.1 Company overview
8.5.2 Financial performance
8.5.3 Product benchmarking
8.5.4 Strategic initiatives
8.6 Orange
8.6.1 Company overview
8.6.2 Financial performance
8.6.3 Product benchmarking
8.6.4 Strategic initiatives
8.7 Qualcomm Technologies, Inc.
8.7.1 Company overview
8.7.2 Financial performance
8.7.3 Product benchmarking
8.7.4 Strategic initiatives
8.8 Softserve
8.8.1 Company overview
8.8.2 Financial performance
8.8.3 Product benchmarking
8.9 MQure
8.9.1 Company overview
8.9.2 Financial performance
8.9.3 Product benchmarking
8.10 Samsung Electronics Co., Ltd.
8.10.1 Company overview
8.10.2 Financial performance
8.10.3 Product benchmarking
8.10.4 Strategic initiatives
8.11 Telefónica S.A.
8.11.1 Company overview
8.11.2 Financial performance
8.11.3 Product benchmarking
8.11.4 Strategic initiatives
8.12 Vodafone Group
8.12.1 Company overview
8.12.2 Financial performance
8.12.3 Product benchmarking
8.12.4 Strategic initiatives
8.13 Cerner Corporation
8.13.1 Company overview
8.13.2 Financial performance
8.13.3 Product benchmarking
8.13.4 Strategic initiatives
8.14 McKesson Corporation
8.14.1 Company overview
8.14.2 Financial performance
8.14.3 Product benchmarking
8.14.4 Strategic initiatives
8.15 Epic Systems Corporation
8.15.1 Company overview
8.15.2 Financial performance
8.15.3 Product benchmarking
8.15.4 Strategic initiatives
8.16 NextGen Healthcare, Inc. (QSI Management, LLC)
8.16.1 Company overview
8.16.2 Financial performance
8.16.3 Product benchmarking
8.16.4 Strategic initiatives
8.17 Greenway health, LLC
8.17.1 Company overview
8.17.2 Product benchmarking
8.17.3 Strategic initiatives
8.18 CureMD Healthcare
8.18.1 Company overview
8.18.2 Product benchmarking
8.18.3 Strategic initiatives
8.19 HiMS
8.19.1 Company overview
8.19.2 Product benchmarking
8.20 Computer Programs and Systems, Inc.
8.20.1 Company overview
8.20.2 Financial performance
8.20.3 Product benchmarking
8.20.4 Strategic initiatives
8.21 Vocera Communications
8.21.1 Company overview
8.21.2 Financial performance
8.21.3 Product benchmarking
8.22 IBM Corporation (IBM Watson Health)
8.22.1 Company overview
8.22.2 Financial performance
8.22.3 Product benchmarking
8.22.4 Strategic initiatives
8.23 Siemens Healthcare GmbH
8.23.1 Company overview
8.23.2 Financial performance
8.23.3 Product benchmarking
8.23.4 Strategic initiatives
8.24 CISCO Systems, Inc.
8.24.1 Company overview
8.24.2 Financial performance
8.24.3 Product benchmarking

Companies Mentioned

  • Apple Inc.
  • At&T
  • Airstrip Technologies
  • Allscripts
  • Google Inc.
  • Orange
  • Qualcomm Technologies, Inc.
  • Softserve
  • Mqure
  • Samsung Electronics Co. Ltd.
  • Telefónica S.A.
  • Vodafone Group
  • Cerner Corporation
  • Mckesson Corporation
  • Epic Systems Corporation
  • Nextgen Healthcare, Inc. (Qsi Management, LLC)
  • Greenway Health, LLC
  • Curemd Healthcare
  • Hims
  • Computer Programs and Systems, Inc.
  • Vocera Communications
  • IBM Corporation (Ibm Watson Health)
  • Siemens Healthcare GmbH
  • Cisco Systems, Inc.

Methodology

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