Digital Health Market - Global Market Share, Trends, Analysis and Forecasts, 2023 - 2032
The global digital health market was estimated to be US$ 213.5 Billion in 2022 and is expected to reach US$ 1,168.01 Billion by 2032 at a CAGR of 18.6%.
Digital health is the collaboration of the genomic and digital evolutions with health, healthcare society, Society healthcare, and living. As we are experiencing, and seeing digital health is allowing us to track better, manage, and improve personal and our family’s health, to live better, more productive lives, and improve society. It’s also helping to reduce inefficiencies in healthcare delivery, improve access, reduce costs, increase quality, and make medicine more personalized and precise.
The global market for digital health is evaluated on the basis of the product, component, end user, and the geography. On the bases of product, the market is bifurcated into healthcare information systems and wearable devices. Amongst the two, healthcare information systems leads the global digital health market due to the substantial rise in the implementation of technologically advanced products, such as EHR/EMR, telehealth, and population health management.
Additionally, the healthcare information segment is divided into non-clinical solutions and clinical solutions. EHR/EMR, computerized physician order entry (CPOE), Clinical decision support system (CDSS) mHealth, telehealth, and population health management are the major segments of clinical solutions. mHealth is predicted to propel at a suggestively high growth rate on an account of the growing penetration of smartphones across the world and the augmenting levels of consciousness about fitness and health amongst people globally.
Based on the component, the digital health market is bifurcated into hardware, software, and services. The necessity for digital health services is growing when compared to other digital health components and is anticipated to remain highest over the forecast period. On the basis of end users, the market has been segmented into B2C and B2B. The B2B segment has developed as the major contributor to this market over the yeaster years. Providers, payers employers, and pharmaceutical companies are the main components of the B2B segment, whereas, the B2C segment includes caregivers and patients. Based on regions, the global Digital Health market is divided into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America.
Regional Trends of the Global Digital Health Market
Among these, North America, has been leading the global digital health market. Several factors, such as the prescience of a large pool of players and increasing partnership between them are influential behind the important growth of this regional market. With the high demand from Germany and the U.K., the Europe market for digital health is anticipated to continue on the top position over the next few years.
Going onward, Asia Pacific is likely to offer profitable opportunities for the development of the global market for digital health in the forecast period. Europe commands the second largest share in the global Digital Health market owing to the high expenditures by the European countries such as U. K. Germany among other countries.
The major companies that provide Digital Health include Cisco Systems Inc, Agfa-Gevaert N.V., Siemens Healthineers, McKesson Corp., Allscripts Healthcare Solutions Inc., Cerner Corp., Philips Healthcare, GE Healthcare, Epic Systems Corp., Truven Health Analytics, Qualcomm Inc are some of the key players in this market.
Global Digital Health Market Segmentation:
By product
- healthcare information systems
- non-clinical solutions
- clinical solutions
- EHR/EMR
- computerized physician order entry (CPOE)
- Clinical decision support system (CDSS) mHealth
- telehealth
- population health management
- wearable devices
By component
- hardware
- software
- services
By end user
- B2C
- B2B
By geography
- North America
- Europe
- Asia-Pacific
- South America
- Middle East and Africa
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Digital Health Market
- Global Digital Health Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Trends
- Global Digital Health Market Analysis and Forecast, by Component
- Overview and definitions
- Key segment analysis
- Global Digital Health Market Estimates (US$ Mn), by Component, 2019 – 2032
- Software
- Hardware
- Service
- Global Digital Health Market Analysis and Forecast, by Type
- Overview and definitions
- Key segment analysis
- Global Digital Health Market Estimates (US$ Mn), by Type, 2019 – 2032
- Telehealth
- Medical Wearables
- EMR/EHR Systems
- Medical Apps
- Healthcare Analytics
- Others
- Global Digital Health Market Analysis and Forecast, by End User
- Overview and definitions
- Key segment analysis
- Global Digital Health Market Estimates (US$ Mn), by End User, 2019 – 2032
- Healthcare Providers
- Payers
- Healthcare Consumers
- Others
- Global Digital Health Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Digital Health Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Digital Health Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Digital Health Market Estimates (US$ Mn), by Component, 2019 – 2032
- Software
- Hardware
- Service
- North America Digital Health Market Estimates (US$ Mn), by Type, 2019 – 2032
- Telehealth
- Medical Wearables
- EMR/EHR Systems
- Medical Apps
- Healthcare Analytics
- Others
- North America Digital Health Market Estimates (US$ Mn), by End User, 2019 – 2032
- Healthcare Providers
- Payers
- Healthcare Consumers
- Others
- North America Digital Health Market Estimates (US$ Mn), Country, 2019 – 2032
- The U.S.
- Canada
- Mexico
- Rest of North America
- Europe Digital Health Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Digital Health Market Estimates (US$ Mn), by Component, 2019 – 2032
- Software
- Hardware
- Service
- Europe Digital Health Market Estimates (US$ Mn), by Type, 2019 – 2032
- Telehealth
- Medical Wearables
- EMR/EHR Systems
- Medical Apps
- Healthcare Analytics
- Others
- Europe Digital Health Market Estimates (US$ Mn), by End User, 2019 – 2032
- Healthcare Providers
- Payers
- Healthcare Consumers
- Others
- Europe Digital Health Market Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific Digital Health Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Digital Health Market Estimates (US$ Mn), by Component, 2019 – 2032
- Software
- Hardware
- Service
- Asia Pacific Digital Health Market Estimates (US$ Mn), by Type, 2019 – 2032
- Telehealth
- Medical Wearables
- EMR/EHR Systems
- Medical Apps
- Healthcare Analytics
- Others
- Asia Pacific Digital Health Market Estimates (US$ Mn), by End User, 2019 – 2032
- Healthcare Providers
- Payers
- Healthcare Consumers
- Others
- Asia Pacific Digital Health Market Estimates (US$ Mn), Country, 2019 – 2032
- India
- China
- Japan
- Australia
- Rest of Asia Pacific
- Middle East & Africa Digital Health Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Digital Health Market Estimates (US$ Mn), by Component, 2019 – 2032
- Software
- Hardware
- Service
- Middle East & Africa Digital Health Market Estimates (US$ Mn), by Type, 2019 – 2032
- Telehealth
- Medical Wearables
- EMR/EHR Systems
- Medical Apps
- Healthcare Analytics
- Others
- Middle East & Africa Digital Health Market Estimates (US$ Mn), by End User, 2019 – 2032
- Healthcare Providers
- Payers
- Healthcare Consumers
- Others
- Middle East & Africa Digital Health Market Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East
- South America Digital Health Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Digital Health Market Estimates (US$ Mn), by Component, 2019 – 2032
- Software
- Hardware
- Service
- South America Digital Health Market Estimates (US$ Mn), by Type, 2019 – 2032
- Telehealth
- Medical Wearables
- EMR/EHR Systems
- Medical Apps
- Healthcare Analytics
- Others
- South America Digital Health Market Estimates (US$ Mn), by End User, 2019 – 2032
- Healthcare Providers
- Payers
- Healthcare Consumers
- Others
- South America Digital Health Market Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Competition Analysis – Digital Health Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Agfa-Gevaert N.V.
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Cisco Systems Inc,
- Siemens Healthineers
- McKesson Corp.
- Allscripts Healthcare Solutions Inc.
- Cerner Corp.
- Philips Healthcare
- GE Healthcare
- Epic Systems Corp.
- Truven Health Analytics
- Qualcomm Inc
- Cerner Corporation
- AliveCor, Inc.
- Omron Healthcare
- Agfa-Gevaert N.V.
- Conclusion & Recommendations
Frequently asked questions about this report
How large is the digital health market?
The digital health market is expected to reach US$ 1,168.01 Billion by 2032.
How much is the digital health market growth?
The digital health market is expected grow at a CAGR of 18.6% between 2023 to 2032.
What was the size of the global digital health market in 2022?
The digital health market was estimated to be US$ 213.5 Billion in 2022.
What are the major driver for the global digital health market?
Government initiatives to digitize the healthcare sector globally are driving the growth of the digital health market.
How can I get a sample report for the digital health market?
The sample report for the Digital Health Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
Which are leading players in the digital health market?
Major participants in the digital health industry comprise Cisco Systems Inc, Agfa-Gevaert N.V., Siemens Healthineers, McKesson Corp., Allscripts Healthcare Solutions Inc., Cerner Corp., Philips Healthcare, GE Healthcare, Epic Systems Corp., Truven Health Analytics, Qualcomm Inc.