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Global Digital Health Market Report and Forecast 2023-2031

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    Report

  • 147 Pages
  • May 2023
  • Region: Global
  • Expert Market Research
  • ID: 5797909
The global digital health market value in 2022 was USD 227.5 billion driven by the rising demand of growing demand for remote healthcare services across the globe. The market size is anticipated to grow at a CAGR of 16.1% during the forecast period of 2023-2031 to achieve a value of USD 872.2 billion by 2031.

Digital Health Introduction

Digital health is a rapidly growing field at the intersection of healthcare and technology, aiming to enhance patient care, improve health outcomes, and reduce healthcare costs. With advancements in technologies such as artificial intelligence, big data, telemedicine, and wearable devices, digital health is transforming the way healthcare is delivered and managed. The global digital health market encompasses a broad range of applications, including electronic health records (EHRs), telehealth, mobile health (mHealth), health analytics, and personalized medicine.

Digital Health Market Scenario

North America is currently the largest market for digital health, followed by Europe, due to factors such as a well-developed healthcare infrastructure, widespread adoption of digital health technologies, and favorable government policies. However, the Asia-Pacific region is expected to witness the highest growth rate, driven by factors such as increasing internet penetration, growing demand for quality healthcare, and rising government support for digital health initiatives.

Despite the growth and potential of the digital health market, there are challenges such as data privacy concerns, cybersecurity threats, and regulatory hurdles. Additionally, the integration of digital health technologies into existing healthcare systems and the need for user-friendly solutions pose further challenges. However, these challenges also present opportunities for innovation and improvement in digital health technologies and their adoption across the healthcare sector.

Digital Health Market Segmentations

Market Breakup by Product and Services

mHealth

  • By Type
  • mHealth Apps
  • Healthcare Apps
  • Medication Management Apps
  • mHealth Devices
  • Blood Glucose Monitors
  • Cardiac Monitors
  • Hemodynamic Monitors
  • Neurological Monitors
  • Respiratory Monitors
  • Body and Temperature Monitors
  • Remote Patient Monitoring Devices
  • Other Devices

mHealth Services

  • Treatment Services
  • Independent Aging Solutions
  • Chronic Disease Management
  • Diagnostic Services
  • Monitoring Services
  • Remote Patient Monitoring Devices
  • Medical Call Centers Manned by Healthcare Professionals
  • Teleconsultation
  • Post Acute Care Services
  • Wellness and Fitness Solutions
  • Other Services

eHealth

  • By Type
  • Electric Health Records
  • Laboratory Information System
  • Telehealth
  • Prescribing Solutions
  • Medical Apps
  • Clinical Decision Systems (CDSS)
  • Pharmacy Information Systems
  • Others

Market Breakup by Components

  • Software
  • Hardware
  • Services

Market Breakup by Applications

  • Cardiology
  • Diabetes
  • Neurology
  • Sleep Apnea
  • Oncology
  • Others

Market Breakup by End User

  • Healthcare Providers
  • Healthcare Consumers
  • Payers
  • Others

Market Breakup by Region

North America

  • United States of America
  • Canada

Europe

  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others
Key Drivers of the Digital Health Market
The growth of the digital health market is driven by factors such as:
  • Increasing adoption of smartphones, wearable devices, and IoT in healthcare
  • Growing demand for remote healthcare services, particularly during the COVID-19 pandemic
  • The shift towards value-based and patient-centered care models
  • Investments and funding from both public and private sectors to support digital health initiatives
  • An aging global population and the rising prevalence of chronic diseases, requiring more efficient healthcare management
Digital Health Market: Competitor Landscapes
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
  • Koninklijke Philips N.V
  • Abbott
  • Medtronic
  • Apple, Inc
  • AirStrip Technologies Inc
  • AliveCor India
  • Omron Corporation
  • BioTelemetry, a Philips Company
  • Athenahealth, Inc
  • AgaMatrix
  • Withings
  • iHealth Labs, Inc
  • Cerner Corporation
  • ZTE Corporation
  • Cisco Systems, Inc
  • AT&T Intellectual Property
  • Qualcomm Technologies, Inc

Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Digital Health Market Overview
3.1 Global Digital Health Market Historical Value (2016-2022)
3.2 Global Digital Health Market Forecast Value (2023-2031)
4 Global Digital Health Market Landscape
4.1 Global Digital Health Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Digital Health Product Landscape
4.2.1 Analysis by Product and Services
4.2.2 Analysis by Applications
4.2.3 Analysis by End User
5 Global Digital Health Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Digital Health Market Segmentation
6.1 Global Digital Health Market by Product and Services
6.1.1 Market Overview
6.1.2 mHealth
6.1.2.1 mHealth Apps
6.1.2.1.1 Healthcare Apps
6.1.2.1.2 Medication Management Apps
6.1.2.2 mHealth Devices
6.1.2.2.1 Blood Glucose Monitors
6.1.2.2.2 Cardiac Monitors
6.1.2.2.3 Hemodynamic Monitors
6.1.2.2.4 Neurological Monitors
6.1.2.2.5 Respiratory Monitors
6.1.2.2.6 Body and Temperature Monitors
6.1.2.2.7 Remote Patient Monitoring Devices
6.1.2.2.8 Other Devices
6.1.2.3 mHealth Services
6.1.2.3.1 Treatment Services
6.1.2.3.1.1 Independent Aging Solutions
6.1.2.3.1.2 Chronic Disease Management
6.1.2.3.2 Monitoring Services
6.1.2.3.2.1 Remote Patient Monitoring
6.1.2.3.2.2 Medical Call Centers
6.1.2.3.2.3 Teleconsultation
6.1.2.3.2.4 Post Acute Care Services
6.1.2.3.3 Diagnostic Services
6.1.2.3.4 Wellness and Fitness Solutions
6.1.2.3.5 Other Services
6.1.3 eHealth
6.1.3.1 Electric Health Records
6.1.3.2 Laboratory Information System
6.1.3.3 Telehealth
6.1.3.4 Prescribing Solutions
6.1.3.5 Medical Apps
6.1.3.6 Clinical Decision Systems (CDSS)
6.1.3.7 Pharmacy Information Systems
6.1.3.8 Others
6.2 Global Digital Health Market by Components
6.2.1 Market Overview
6.2.2 Software
6.2.3 Hardware
6.2.4 Services
6.3 Global Digital Health Market by Applications
6.3.1 Market Overview
6.3.2 Cardiology
6.3.3 Diabetes
6.3.4 Neurology
6.3.5 Sleep Apnea
6.3.6 Oncology
6.3.7 Others
6.4 Global Digital Health Market by End User
6.4.1 Market Overview
6.4.2 Healthcare Providers
6.4.3 Healthcare Consumers
6.4.4 Payers
6.4.5 Others
6.5 Global Digital Health Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North Digital Health Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Digital Health Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Digital Health Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Digital Health Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Digital Health Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Koninklijke Philips N.V.
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Abbott
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Medtronic
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Apple, Inc.
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 AirStrip Technologies Inc.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 AliveCor India
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Omron Corporation
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 BioTelemetry, a Philips Company
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Athenahealth, Inc.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 AgaMatrix
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Withings
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 iHealth Labs, Inc.
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Cerner Corporation
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
17.14 ZTE Corporation
17.14.1 Financial Analysis
17.14.2 Product Portfolio
17.14.3 Demographic Reach and Achievements
17.14.4 Mergers and Acquisitions
17.14.5 Certifications
17.15 Cisco Systems, Inc.
17.15.1 Financial Analysis
17.15.2 Product Portfolio
17.15.3 Demographic Reach and Achievements
17.15.4 Mergers and Acquisitions
17.15.5 Certifications
17.16 AT&T Intellectual Property
17.16.1 Financial Analysis
17.16.2 Product Portfolio
17.16.3 Demographic Reach and Achievements
17.16.4 Mergers and Acquisitions
17.16.5 Certifications
17.17 Qualcomm Technologies, Inc.
17.17.1 Financial Analysis
17.17.2 Product Portfolio
17.17.3 Demographic Reach and Achievements
17.17.4 Mergers and Acquisitions
17.17.5 Certifications
18 Global Digital Health Market- Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket

Companies Mentioned

  • Koninklijke Philips N.V.
  • Abbott
  • Medtronic
  • Apple, Inc.
  • Airstrip Technologies Inc.
  • Alivecor India
  • Omron Corporation
  • Biotelemetry, a Philips Company
  • Athenahealth, Inc.
  • Agamatrix
  • Withings
  • Ihealth Labs, Inc.
  • Cerner Corporation
  • Zte Corporation
  • Cisco Systems, Inc.
  • At&T Intellectual Property
  • Qualcomm Technologies, Inc.

Methodology

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Table Information