Global Digital Health Market Valued at US$ 280.45 Billion in 2022, Expected to Grow at 14% CAGR

22.08.2023 : Digital Health Market Report Scope and Research Methodology

The comprehensive report provides in-depth analysis of the global Digital Health Market, presenting historical and current industry status, forecasted market size, and trends. It offers insights into key players, including market leaders, followers, and new entrants, and includes methodologies such as PORTER and PESTEL analysis to assess micro-economic factors. The report aims to provide decision-makers with a clear understanding of the industry dynamics, structure, and market segment analysis.

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What are Digital Health Market Dynamics?

The demand for remote monitoring services, coupled with the increasing prevalence of chronic diseases, serves as a driving force behind the growth of the digital health market. Improved IT infrastructure, surging interest in remote patient monitoring services, and favorable government initiatives are pivotal in propelling the market forward. However, concerns related to data breaches and unauthorized access to healthcare systems hinder market growth. On a positive note, increased funding from healthcare providers to startups further fuels the market expansion.
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What is Digital Health Market Segmentation?

Component: The software segment accounted for 40% of the market share in 2020, driven by the growing acceptance of mobile applications in healthcare. The software segment is projected to grow at a CAGR of 4.9%, fueled by the rising awareness of digital health among consumers and various divisions such as electronic health records and healthcare analytics.

Hardware: Anticipated to grow at a CAGR of 3%, the hardware segment is supported by investments in digital infrastructure and decreasing demand for software upgrades.

Categories: Mobile Health (mHealth) captured 22% of the market share in 2022. mHealth is expected to grow at a CAGR of 4.2%, driven by factors like remote monitoring device demand, increased smartphone use, and rising prevalence of cardiovascular diseases.

Telemedicine: Expected to grow at a CAGR of 5.2%, telemedicine benefits from relaxed regulatory standards, lower costs compared to traditional care, and the pandemic's influence on people's comfort with digital interactions.

End Users: Health care providers dominated the market with a 30% share in 2022, driven by the increasing prevalence of chronic diseases, hypertension, and innovations in healthcare technologies. Healthcare consumers are expected to grow at a CAGR of 2.7%, driven by fitness awareness and demand for remote monitoring services.

by Component

Hardware
Software
Services

by Categories

Telemedicine
Data Analytics
mHealth apps
Clinical decision support
Wearable Sensors
Others

by End User

Healthcare Providers
Payers
Healthcare Consumers
Others

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Who are Digital Health Market Key Players?

1. Allscripts Healthcare Solution, Inc.
2. Cerner Corporation
3. Cisco systems
4. eCLINICALWORKS
5. General Electric Company
6. Koninklijke Philips N.V
7. Honeywell International Inc.
8. Mckesson Corporation
9. Siemans Healthcare AG
10.Qualcomm technologies, Inc.
11.Samsung Electronics Co., Ltd.
12.HiMS
13.Orange
14.Qualcomm Technologies, Inc.
15.Softserve
16.MQure
17.Computer Programs and Systems, Inc.
18.Vocera Communications
19.IBM Corporation

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Table of content for the Digital Health Market includes:

1. Global Digital Health Market: Research Methodology

2. Global Digital Health Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

3. Global Digital Health Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America

COVID-19 Impact

4. Global Digital Health Market Segmentation

Global Market, By Component, 2022-2029
Global Market, by End-User (2022-2029)
Global Market, By Categories, 2022-2029

5. Regional Digital Health Market (2022-2029)

Regional Market, By Component, 2022-2029
Regional Market, by End-User (2022-2029)
Regional Market, By Categories, 2022-2029
Regional Market, by Country (2022-2029))

6. Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

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Regional Insights:

North America: The region captured 28% of the market share in 2022, with a projected CAGR of 6%. Major factors include increased usage of mHealth apps, a rise in chronic diseases, smartphone users, and the presence of key players.

Asia Pacific: Projected to grow at a CAGR of 17%, the Asia Pacific region benefits from an aging population, increased demand for remote monitoring devices, and a surge in smartphone and internet users.

Key Offerings:

Past Market Size and Competitive Landscape (2017 to 2022)
Past Pricing and price curve by region (2017 to 2022)
Industrial Manipulator Market Size, Share, Size Forecast by different segment | 2023-2029
Industrial Manipulator Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Industrial Manipulator Market Segmentation - A detailed analysis by Type, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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