Global Digital Health Market 2023-2027

Quick Summary:

In an era where data is becoming increasingly integral to strategic decision-making, harnessing the power of emerging digital health trends can revolutionize the way healthcare providers and businesses operate. This comprehensive market research report on the digital health industry is an invaluable resource for executives who are eager to stay ahead of the curve, providing a deep-dive analysis into market size, trends, growth drivers, and challenges, as well as a detailed vendor analysis.

The document delves into key industry segments including wireless health, mobile health, EHR, and telehealth across diverse geographical regions. It casts light on critical market catalyzers such as the adoption of AI in digital health and an increase in the use of cloud analytics. It also proffers a roadmap to future demand trends, spotlighting the impact of Business Intelligence applications in the healthcare sector. In a bid to aid corporations in obtaining a competitive foothold, the report presents detailed analyses of leading market vendors and outlines upcoming industry trends and growth opportunities.

Utilizing a blend of primary and secondary research data from preeminent industry stakeholders, this report offers a thorough, reliable picture of the market landscape and projected growth. It is an indispensable tool for any industry executive aiming to leverage anticipated market opportunities and stay abreast of evolving digital health trends.

The digital health market is poised to grow by $563.59 billion during 2023-2027, accelerating at a CAGR of 25.8% during the forecast period. The market is driven by an increase in the number of M&A activities in the market, increasing support for digital health from the governments, and the growing adoption of data analytics in the healthcare sector.

This report on the digital health market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.

The digital health market is segmented as below:

By Application

Wireless health
Mobile health
EHR
Telehealth

By Component

Software
Services
Hardware

By Geography

North America
Europe
Asia
Rest of World (ROW)

This study identifies the use of AI in digital health as one of the prime reasons driving the digital health market growth during the next few years. Also, the growth of cloud analytics in the healthcare industry and the rising applications of BI in the healthcare industry will lead to sizable demand in the market.

This report on the digital health market covers the following areas:

Digital health market sizing
Digital health market forecast
Digital health market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading digital health market vendors that include 3M Co., Agfa Gevaert NV, AirStrip Technologies Inc., Allscripts Healthcare Solutions Inc., Alphabet Inc., Apple Inc., Cisco Systems Inc., Computer Programs and Systems Inc., Epic Systems Corp., Honeywell International Inc., International Business Machines Corp., Koninklijke Philips NV, McKesson Corp., Oracle Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., Siemens AG, Telefonica SA, UnitedHealth Group Inc., and General Electric Co. Also, the digital health market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Component
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global digital health market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global digital health market 2017 - 2021 ($ billion)
4.2 Application Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Application Segment 2017 - 2021 ($ billion)
4.3 Component Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Component Segment 2017 - 2021 ($ billion)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ billion)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Wireless health - Market size and forecast 2022-2027
Exhibit 34: Chart on Wireless health - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Wireless health - Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Wireless health - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Wireless health - Year-over-year growth 2022-2027 (%)
6.4 Mobile health - Market size and forecast 2022-2027
Exhibit 38: Chart on Mobile health - Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Mobile health - Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Mobile health - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Mobile health - Year-over-year growth 2022-2027 (%)
6.5 EHR - Market size and forecast 2022-2027
Exhibit 42: Chart on EHR - Market size and forecast 2022-2027 ($ billion)
Exhibit 43: Data Table on EHR - Market size and forecast 2022-2027 ($ billion)
Exhibit 44: Chart on EHR - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on EHR - Year-over-year growth 2022-2027 (%)
6.6 Telehealth - Market size and forecast 2022-2027
Exhibit 46: Chart on Telehealth - Market size and forecast 2022-2027 ($ billion)
Exhibit 47: Data Table on Telehealth - Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Chart on Telehealth - Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Telehealth - Year-over-year growth 2022-2027 (%)
6.7 Market opportunity by Application
Exhibit 50: Market opportunity by Application ($ billion)

7 Market Segmentation by Component

7.1 Market segments
Exhibit 51: Chart on Component - Market share 2022-2027 (%)
Exhibit 52: Data Table on Component - Market share 2022-2027 (%)
7.2 Comparison by Component
Exhibit 53: Chart on Comparison by Component
Exhibit 54: Data Table on Comparison by Component
7.3 Software - Market size and forecast 2022-2027
Exhibit 55: Chart on Software - Market size and forecast 2022-2027 ($ billion)
Exhibit 56: Data Table on Software - Market size and forecast 2022-2027 ($ billion)
Exhibit 57: Chart on Software - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Software - Year-over-year growth 2022-2027 (%)
7.4 Services - Market size and forecast 2022-2027
Exhibit 59: Chart on Services - Market size and forecast 2022-2027 ($ billion)
Exhibit 60: Data Table on Services - Market size and forecast 2022-2027 ($ billion)
Exhibit 61: Chart on Services - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Services - Year-over-year growth 2022-2027 (%)
7.5 Hardware - Market size and forecast 2022-2027
Exhibit 63: Chart on Hardware - Market size and forecast 2022-2027 ($ billion)
Exhibit 64: Data Table on Hardware - Market size and forecast 2022-2027 ($ billion)
Exhibit 65: Chart on Hardware - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Hardware - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Component
Exhibit 67: Market opportunity by Component ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 69: Chart on Market share by geography 2022-2027 (%)
Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 71: Chart on Geographic comparison
Exhibit 72: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 Asia - Market size and forecast 2022-2027
Exhibit 81: Chart on Asia - Market size and forecast 2022-2027 ($ billion)
Exhibit 82: Data Table on Asia - Market size and forecast 2022-2027 ($ billion)
Exhibit 83: Chart on Asia - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Asia - Year-over-year growth 2022-2027 (%)
9.6 Rest of World (ROW) - Market size and forecast 2022-2027
Exhibit 85: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
Exhibit 86: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
Exhibit 87: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
9.7 US - Market size and forecast 2022-2027
Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
9.8 UK - Market size and forecast 2022-2027
Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.9 China - Market size and forecast 2022-2027
Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
9.10 Germany - Market size and forecast 2022-2027
Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.11 France - Market size and forecast 2022-2027
Exhibit 105: Chart on France - Market size and forecast 2022-2027 ($ billion)
Exhibit 106: Data Table on France - Market size and forecast 2022-2027 ($ billion)
Exhibit 107: Chart on France - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on France - Year-over-year growth 2022-2027 (%)
9.12 Market opportunity by geography
Exhibit 109: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 110: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 112: Overview on factors of disruption
11.4 Industry risks
Exhibit 113: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 114: Vendors covered
12.2 Market positioning of vendors
Exhibit 115: Matrix on vendor position and classification
12.3 Agfa Gevaert NV
Exhibit 116: Agfa Gevaert NV - Overview
Exhibit 117: Agfa Gevaert NV - Business segments
Exhibit 118: Agfa Gevaert NV - Key offerings
Exhibit 119: Agfa Gevaert NV - Segment focus
12.4 AirStrip Technologies Inc.
Exhibit 120: AirStrip Technologies Inc. - Overview
Exhibit 121: AirStrip Technologies Inc. - Product / Service
Exhibit 122: AirStrip Technologies Inc. - Key offerings
12.5 Allscripts Healthcare Solutions Inc.
Exhibit 123: Allscripts Healthcare Solutions Inc. - Overview
Exhibit 124: Allscripts Healthcare Solutions Inc. - Business segments
Exhibit 125: Allscripts Healthcare Solutions Inc. - Key news
Exhibit 126: Allscripts Healthcare Solutions Inc. - Key offerings
Exhibit 127: Allscripts Healthcare Solutions Inc. - Segment focus
12.6 Alphabet Inc.
Exhibit 128: Alphabet Inc. - Overview
Exhibit 129: Alphabet Inc. - Business segments
Exhibit 130: Alphabet Inc. - Key news
Exhibit 131: Alphabet Inc. - Key offerings
Exhibit 132: Alphabet Inc. - Segment focus
12.7 Apple Inc.
Exhibit 133: Apple Inc. - Overview
Exhibit 134: Apple Inc. - Business segments
Exhibit 135: Apple Inc. - Key news
Exhibit 136: Apple Inc. - Key offerings
Exhibit 137: Apple Inc. - Segment focus
12.8 Cisco Systems Inc.
Exhibit 138: Cisco Systems Inc. - Overview
Exhibit 139: Cisco Systems Inc. - Business segments
Exhibit 140: Cisco Systems Inc. - Key news
Exhibit 141: Cisco Systems Inc. - Key offerings
Exhibit 142: Cisco Systems Inc. - Segment focus
12.9 Computer Programs and Systems Inc.
Exhibit 143: Computer Programs and Systems Inc. - Overview
Exhibit 144: Computer Programs and Systems Inc. - Business segments
Exhibit 145: Computer Programs and Systems Inc. - Key offerings
Exhibit 146: Computer Programs and Systems Inc. - Segment focus
12.10 General Electric Co.
Exhibit 147: General Electric Co. - Overview
Exhibit 148: General Electric Co. - Business segments
Exhibit 149: General Electric Co. - Key news
Exhibit 150: General Electric Co. - Key offerings
Exhibit 151: General Electric Co. - Segment focus
12.11 International Business Machines Corp.
Exhibit 152: International Business Machines Corp. - Overview
Exhibit 153: International Business Machines Corp. - Business segments
Exhibit 154: International Business Machines Corp. - Key offerings
Exhibit 155: International Business Machines Corp. - Segment focus
12.12 Koninklijke Philips NV
Exhibit 156: Koninklijke Philips NV - Overview
Exhibit 157: Koninklijke Philips NV - Business segments
Exhibit 158: Koninklijke Philips NV - Key news
Exhibit 159: Koninklijke Philips NV - Key offerings
Exhibit 160: Koninklijke Philips NV - Segment focus
12.13 McKesson Corp.
Exhibit 161: McKesson Corp. - Overview
Exhibit 162: McKesson Corp. - Business segments
Exhibit 163: McKesson Corp. - Key offerings
Exhibit 164: McKesson Corp. - Segment focus
12.14 Oracle Corp.
Exhibit 165: Oracle Corp. - Overview
Exhibit 166: Oracle Corp. - Business segments
Exhibit 167: Oracle Corp. - Key news
Exhibit 168: Oracle Corp. - Key offerings
Exhibit 169: Oracle Corp. - Segment focus
12.15 Qualcomm Inc.
Exhibit 170: Qualcomm Inc. - Overview
Exhibit 171: Qualcomm Inc. - Business segments
Exhibit 172: Qualcomm Inc. - Key news
Exhibit 173: Qualcomm Inc. - Key offerings
Exhibit 174: Qualcomm Inc. - Segment focus
12.16 Samsung Electronics Co. Ltd.
Exhibit 175: Samsung Electronics Co. Ltd. - Overview
Exhibit 176: Samsung Electronics Co. Ltd. - Business segments
Exhibit 177: Samsung Electronics Co. Ltd. - Key news
Exhibit 178: Samsung Electronics Co. Ltd. - Key offerings
Exhibit 179: Samsung Electronics Co. Ltd. - Segment focus
12.17 Siemens AG
Exhibit 180: Siemens AG - Overview
Exhibit 181: Siemens AG - Business segments
Exhibit 182: Siemens AG - Key news
Exhibit 183: Siemens AG - Key offerings
Exhibit 184: Siemens AG - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 185: Inclusions checklist
Exhibit 186: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 187: Currency conversion rates for US$
13.4 Research methodology
Exhibit 188: Research methodology
Exhibit 189: Validation techniques employed for market sizing
Exhibit 190: Information sources
13.5 List of abbreviations
Exhibit 191: List of abbreviations

Executive Summary

The analyst recognizes the following companies as the key players in the global digital health market: 3M Co., Agfa Gevaert NV, AirStrip Technologies Inc., Allscripts Healthcare Solutions Inc., Alphabet Inc., Apple Inc., Cisco Systems Inc., Computer Programs and Systems Inc., Epic Systems Corp., Honeywell International Inc., International Business Machines Corp., Koninklijke Philips NV, McKesson Corp., Oracle Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., Siemens AG, Telefonica SA, UnitedHealth Group Inc., and General Electric Co.

Commenting on the report, one of the report's analysts said: 'The latest trend gaining momentum in the market is the use of AI in digital health.'

According to the report, one of the major drivers for this market is the increase in the number of M&A activities in the market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.