Digital Healthcare Market Will Exhibit an Impressive Expansion by 2024-2031

The global digital health market is anticipated to grow at a considerable CAGR of 16.6 % during the forecast. The increasing adoption of smartphones and other devices is propelling the growth of the digital health market. For instance, according to the Pew Research Center, The share of Americans that own a smartphone is 85% in 2021, up from just 35% in Pew Research Center's first survey of smartphone ownership conducted in 2011. Moreover, the rise in average time spent by consumers on smartphones is another factor propelling the growth of the market over the forecast. For instance, according to the India Brand Equity Foundation, there was a 39% rise in the average time spent by an Indian user on a smartphone. As per data revealed by App Annie, India stood third (4.6 hours a day) on the list of average time spent by an average user on smartphones, with Indonesia (5.2 hours a day) and Brazil (4.8 hours a day) taking the top two spots worldwide.

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Furthermore, the increasing internet penetration is supporting the digital health market over the forecast. For instance, according to Pew Research Center, there were 89% of internet users in the US and as of 2021, 93% of American adults use the internet that is users increased by 4 %, which is directly supporting the growth of the market.

Global Digital Health Market Report Segment

By Technology

• Telehealthcare
• mHealth
• Apps
• Health Analytics

By Component

• Hardware
• Software
• Services

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Digital Healthcare Market- Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• AdvancedMD Inc.
• AirStrip Technologies, Inc.
• Athenahealth Inc.
• eClinical Works
• General Electric Company
• Honeywell International Inc.
• iHealth Lab Inc.
• Google Inc.
• IBM Corp.
• Koninklijke Philips N.V.
• Mckesson Corp.

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