Press release
Global Digital Health Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Digital Health
What Is the Digital Health Market Size and Projected Growth Rate?
The size of the digital health market has experienced rapid expansion in recent years. An increase from $271.53 billion in 2024 to $319.16 billion in 2025 is anticipated, showcasing a compound annual growth rate (CAGR) of 17.5%. The historical growth is linked to factors such as elevated disposable income, amplified healthcare initiatives by governments, increased ubiquity of the internet, adoption of cutting-edge technology following COVID-19, and a swift rise in the senior population.
The market for digital health is predicted to experience swift expansion in the coming years, with a projected value of $595.47 billion in 2029 and a Compound Annual Growth Rate (CAGR) of 16.9%. Factors contributing to this surge during the forecast period include the escalating number of chronic illnesses, an aging demographic, shifts in the demographics of developing markets, consistent technological evolution, and heightened demand for healthcare accessibility. Key trends anticipated during the forecast period encompass augmented reality telecollaboration systems, biofeedback APIs, the adoption of blockchain technology, 3D AR surgical guidance, the incorporation of artificial intelligence, and a rise in collaborations and partnerships.
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What Are the Major Segments in the Digital Health Market?
The digital health market covered in this report is segmented -
1) By Technology: Mobile Health (Mhealth), Health Information Technology, Telehealth And Telemedicine, Health Analytics, Other Technologies
2) By Application: Cardiology, Diabetes, Neurology, Sleep Apnea, Oncology, Other Applications
3) By End-User: Healthcare Providers, Healthcare Payers, Pharmaceutical Companies, Other End Users
Subsegments:
1) By Mobile Health (mHealth): Health Apps, Wearable Devices, Remote Patient Monitoring
2) By Health Information Technology: Electronic Health Records (EHR), Health Information Exchange (HIE), Practice Management Systems
3) By Telehealth And Telemedicine: Virtual Consultations, Remote Diagnosis, Teletherapy
4) By Health Analytics: Predictive Analytics, Data Management Solutions, Population Health Management
5) By Other Technologies: Blockchain In Health, Artificial Intelligence In Health, Internet Of Medical Things (IoMT)
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What Are The Driving Digital Health Market Evolution?
The increasing occurrence of chronic illnesses such as diabetes, cancer, and hypertension is anticipated to significantly influence the expansion of the digital health market. Factors like extended working hours, insufficient physical exercise, and poor dietary habits lead to the spread of chronic illnesses. This makes individuals suffering from these conditions more prone to such diseases, thereby heightening the demand for digital healthcare services. For example, the American Cancer Society, a nonprofit cancer advocacy group based in the US, reported that the number of detected cancer cases rose to 2,001,140 in January 2024, up from 1,958,310 in 2023, marking an increase of 2.19%. Consequently, the upsurge in chronic disease cases is forecasted to accelerate the growth of the market.
Which Firms Dominate The Digital Health Market Segments?
Major companies operating in the digital health market include 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., Innovaccer, Pharm Easy, 1mg, Practo, Mfine, Medi Buddy, Indegene, Ping A Good Doctor, JD Health, Honeywell Lifesciences, Philip Healthcare, Better Doc, Biovotion, BrainControl, Coimbra Genomics, Dacadoo, Doctoralia, Emperra, Exovite, Genexyx, Giraff, Healthbank, NeurNation, Nutrino, Psious, Px Healthcare, SilverCloud, Systems Healthcare Solutions, TrialReach, XtremeVRI, DOC+, Best Doctor, TeleMD, mediSensum, Apteki +, FindMeCure, ECG for Everybody, Eye read, InterAxon, Figure 1, Myndtec, Seamless MD, ApoloHealthMx, ECGlove, Heal on Site, Teladoc, MeMD, Amwell, MDlive, Aerotel Medical Systems Ltd, Care Innovations LLC, Honeywell Life Care Solutions, Polycom Inc, Didoc, Betterfly, Deenty, Examedi, Dentalink, Cero, Wecancer, MedPass, Pixeon, Hi Technologies, Conexa Saude, AXON Digital Health, Wuru, Yerbo, Welii, BioScience, Caecus, Omnia Salud, Altibbi, Dhoner Healthtech, Okadoc, DoctorsAE, Takalam, AlemHealth, DU, UAE's Mulk, Cura, Primary Health Care Corporation, AMD Global Telemedicine Inc, Safermom, Mobicure, Ubenwa, Medsaf, GenRx, Medical device as a service, Kangpe, Hudibia, Lifebank, Redbank
What Trends Are Expected to Dominate the Digital Health Market in the Next 5 Years?
A prominent trend emerging in the digital health sector is the utilization of augmented reality telecollaboration systems. Augmented reality (AR) refers to a technology-enhanced depiction of the authentic physical world, achieved with the help of digital imagery, sound, or other sensory inputs. In the healthcare industry, AR is not only being employed by experienced medical professionals but also being utilized in medical education, providing students with a thorough, safe, and affordable way to understand medical practices. To illustrate, in May 2024, the US medical technology company AppliedVR introduced RelieVRx. This product, the first of its kind to gain FDA approval, leverages virtual reality for prescription therapy targeting chronic lower back pain (CLBP) in workforce compensation cases. It provides a fully immersive VR journey to help individuals manage their CLBP. Proven clinically, this affordable, non-pharmacological supplemental therapy effectively reduces pain intensity and its interference with daily activities by incorporating elements of cognitive behavioral therapy, biofeedback, and emotional regulation.
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Which Is The Largest Region In The Digital Health Market?
North America was the largest region in the digital health market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital health market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Digital Health Market?
2. What is the CAGR expected in the Digital Health Market?
3. What Are the Key Innovations Transforming the Digital Health Industry?
4. Which Region Is Leading the Digital Health Market?
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