Report Ocean recently released a research report on the Digital Health Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global digital health market size was US$ 111.5 billion in 2021 and is forecast to reach US$ 393 billion by 2030. The global digital health market is expected to grow at a compound annual growth rate (CAGR) of 15.1% during the forecast period from 2022-2030.
Digital health technologies offer efficient care through online services. These technologies include wireless technologies, digital diagnostic systems, and electronic health records.
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Factors Influencing
- Increasing internet penetration is the primary factor driving the growth of the global digital healthcare market. Moreover, the development of advanced and efficient healthcare apps to remotely diagnose patients are forecast to propel the growth of the global digital health market.
- A growing number of healthcare technology startups are forecast to contribute to the growth of the market.
- The increasing prevalence of diseases is forecast to increase the demand for digital health technologies.
- High capital investment and privacy issues associated with digital health technologies may hamper the growth of the global market.
COVID-19 Impact Analysis
During the COVID-19 pandemic, the healthcare bodies witnessed a huge demand for healthcare facilities. The epidemic emerged as a favorable growth opportunity for the market players to introduce efficient technologies. The doctors were prone to get infected through human contact. Thus, the adoption of technologies, such as electronic intensive care units (e-ICU), increased rapidly.
Geographic Analysis
Geographically, North America is witnessing a high demand for digital health technologies and services. The region holds the largest share in the global digital health market and is forecast to remain dominant during the forecast period. It is majorly due to the growing cases of long-term diseases and favorable government initiatives that are likely to boost the market growth. The emergence of mHealth technologies has gained rapid popularity in the region. These technologies and apps help in tracking, monitoring fitness data. Apart from that, developing nations are adopting mHealth technologies as it enables real-time communication between doctors and patients.
The Asia-pacific region is forecast to witness rapid growth due to the high contribution of emerging countries, like China and India. The population in these countries is growing rapidly. Apart from that, government investments are further expected to create huge growth potential for the market players. The Indian government launched NeHA, an initiative to provide low-cost health services to the population.
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Competitors in the Market
- Qualcomm Incorporated
- Cisco Systems Inc.
- Cerner Corporation
- McKesson Corporation
- Koninklijke Philips N.V.
- eClinicalWorks LLC
- AT&T Inc.
- Allscripts Healthcare Solutions Inc.
- Epic Systems Corporation
- General Electric Company
- Other prominent players
Market Segmentation
By Product & Service
- mHealth
- mHealth Devices
- Blood Glucose Meter
- BP Monitors
- Pulse Oximetry
- Neurological Monitors
- Cardiac Monitors
- Apnea & Sleep Monitors
- Wearable Fitness Sensor Devices & Heart Rate Meters
- Others
- mHealth Services
- Prevention Services
- Diagnostic Services
- Monitoring Services
- Treatment Services
- Wellness & Healthcare System Strengthening Solutions
- eHealth
- Electronic Health Records (EHR
- Laboratory Information Systems (LIS)
- Telehealth
- Prescribing Solutions
- Medical Apps
- Clinical Decision Support Systems (CDSS)
- Pharmacy Information Systems
- Others
- mHealth Devices
By Component
- Software
- Hardware
- Services
By End-User
- Healthcare Providers
- Payers
- Healthcare Consumers
- Others
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By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Digital Health Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Digital Health market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Digital Health Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Digital Health market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Digital Health market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Digital Health market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Digital Health market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Digital Health business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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