Press release
Global Digital Health Market: Rapid Growth and Major Trends
Digital Health Market Size
What Is The Projected Market Size Of The Global Digital Health Market And Its Growth Rate?
• The digital health market was valued at $271.53 billion in 2024
• Expected to reach $319.16 billion in 2025 with a CAGR of 17.5%
• This growth can be attributed to increased disposable incomes, government initiatives, increased internet penetration, and use of advanced technology in healthcare.
• Expected to further expand to a sweeping $595.47 billion in 2029 with a CAGR of 16.9%
• The expansion in the forecast period is driven by rising prevalence of chronic diseases, an aging population, demographic shifts, technology development, and a greater need for healthcare access.
What Is Driving The Growth In The Digital Health Market?
The growing prevalence of chronic diseases such as cancer, diabetes, and hypertension is projected to be a major driver of the digital health market. Unhealthy lifestyle choices such as long working hours, limited physical activity, and poor eating and drinking habits are contributing to the prevalence of chronic diseases. The rise in chronic diseases is increasing the need for digital health platforms. According to the American Cancer Society, the number of cancer cases increased from 1,958,310 in 2023 to 2,001,140 in 2024, a growth of 2.19%.
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Who Are the Key Players Driving Digital Health Market Growth?
• Cerner Corporation
• GE Healthcare
• Epic Systems Corporation
• McKesson Corporation
• Allscripts Healthcare Solutions Inc.
• Truven Health Analytics
• Siemens Healthcare AG
• eCLINICALWORKS
• Cisco Systems Inc.
• Koninklijke Philips N.V.
What Are The Key Trends In The Digital Health Market?
• Augmented reality telecollaboration systems
• Biofeedback APIs
• Blockchain Technology
• 3D AR Surgical Navigation
• Integration of artificial intelligence
What Are The Segments Of The Global Digital Health Market?
1) By Technology: Mobile Health (Mhealth), Health Information Technology, Telehealth and Telemedicine, Health Analytics
2) By Application: Cardiology, Diabetes, Neurology, Sleep Apnea, Oncology
3) By End-User: Healthcare Providers, Healthcare Payers, Pharmaceutical Companies
Which Region Leads The Digital Health Market?
North America was the largest region in the digital health market in 2024. However, the Asia-Pacific region is expected to witness the fastest growth in the forecast period. Other regions covered in this report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Digital Health Market Global Market Report?
- Market Size Analysis
- Market Segmentation Analysis
- Key Player Focus
- Growth Trends Analysis
- Market Contribution
- Growth Drivers
- Industry Challenges
- Competitive Developments
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