Global Digital Health Market Poised for Unprecedented Growth by 2030

◉ Global Digital Health Market Set for Robust Expansion

The global digital health market is experiencing significant growth, driven by technological advancements and the increasing integration of information technology in healthcare. According to Maximize Market Research, the market was valued at USD 319.71 billion in 2023 and is projected to reach USD 800 billion by 2030, reflecting a compound annual growth rate (CAGR) of 14% during the forecast period.

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◉ Market Dynamics and Competitive Landscape

The surge in chronic diseases necessitates continuous real-time monitoring and enhanced patient engagement, propelling the adoption of digital health technologies. Innovations such as wearable sensors, remote patient monitoring (RPM), and patient-centered applications are optimizing patient outcomes and reducing healthcare costs. Key industry players contributing to this evolution include General Electric Company, Koninklijke Philips N.V., Allscripts Healthcare, LLC, Cerner Corporation, Epic Systems Corporation, McKesson Corporation, Medical Information Technology, Inc., Siemens Healthcare GmbH, Boston Scientific Corporation, FUJIFILM Holdings Corporation, Medtronic, IBM, and Validic.

Regional Demand Insights

North America holds a substantial share of the digital health market, attributed to its robust IT healthcare infrastructure, widespread smartphone adoption, and presence of major industry players. Meanwhile, regions such as China, Japan, and India are anticipated to witness remarkable growth due to the escalating demand for remote monitoring services and evolving regulatory strategies favoring digital healthcare.

◉ Country-Specific Developments in the Digital Health Sector

Digital Health Trends in Vietnam

In 2021, Vietnam recorded one acquisition deal in the digital health sector, indicating a budding interest in digital health innovations.

◉ Country-Specific Developments in the Digital Health Sector

Digital Health Trends in Vietnam

In 2021, Vietnam recorded one acquisition deal in the digital health sector, indicating a budding interest in digital health innovations.

Digital Health Growth in Japan

Japan is witnessing increased private equity activity in the digital health sector. Notably, China's HongShan Capital Group has hired former Bain Capital dealmaker Komi Kyu to establish a new office in Tokyo, aiming to build a team focused on growth-stage investments and buyouts in healthcare and technology sectors.

Digital Health Consolidation in South Korea

South Korea's digital health market is experiencing consolidation, exemplified by ArchiMed's acquisition of Jeisys Medical, a Korean producer of energy-based devices for medical aesthetic treatments, for approximately $742 million. This move underscores the growing investor interest in South Korea's healthcare technology sector.

Digital Health Updation in Singapore

Singapore continues to update its digital health landscape, attracting investments and fostering innovation in healthcare technology. The country's strategic location and supportive regulatory environment make it a hub for digital health advancements.

Digital Health Expansion in the United States

The U.S. digital health market is expanding rapidly, driven by technological innovations and increased adoption of telehealth services. Major players are investing in mergers and acquisitions to enhance their digital health portfolios and meet the growing demand for remote healthcare solutions.

Digital Health Developments in China

Despite geopolitical tensions, global pharmaceutical giants are actively seeking acquisitions in China's digital health sector to replenish drug pipelines and gain market presence. Notable deals include AstraZeneca's $1.2 billion acquisition of Gracell Biotechnologies and Novartis' purchase of SanReno Therapeutics.

Digital Health Trends in Europe

Europe is witnessing significant investments in the digital health sector. For instance, healthcare-focused private equity firm ArchiMed completed its first Asia deal by acquiring Jeisys Medical, reflecting the trend of growing consumer interest in aesthetic treatments and digital health innovations.

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◉ Digital Health Market Classifications

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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◉ The following companies are included in the market for Digital Health :

Global
1. SoftServe - Austin, Texas, USA
2. IBM Corporation - Armonk, New York, USA
3. Siemens Healthineers AG - Erlangen, Germany
4. Samsung Electronics Co., Ltd. - Suwon, South Korea
North America
1. Allscripts Healthcare Solution, Inc.- Chicago, Illinois, USA
2. Cerner Corporation - North Kansas City, Missouri, USA
3. Cisco Systems - San Jose, California, USA
4. eClinicalWorks - Westborough, Massachusetts, USA
5. General Electric Company (GE) - Boston, Massachusetts, USA
6. Honeywell International Inc. - Charlotte, North Carolina, USA
7. McKesson Corporation - Irving, Texas, USA
8. Qualcomm Technologies, Inc. - San Diego, California, USA
9. HIMS - Austin, Texas, USA
10. Computer Programs and Systems, Inc. (CPSI) - Mobile, Alabama, USA
11. Vocera Communications - San Jose, California, USA
Europe
1. Koninklijke Philips N.V - Amsterdam, Netherlands
2. Orange - Paris, France
Asia Pacific
1. MQure - Seoul, South Korea

For deeper market insights, peruse the summary of the research report: https://www.maximizemarketresearch.com/market-report/global-digital-health-market/3311/

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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