Digital Health Market Share, Size, Growth Opportunities, Trends Analysis, Market Scope & Industry Forecast Report, 2020-2027 1
The Digital Health Market is experiencing significant growth over the forecast period. This is attributed to the growing adoption of mobile health applications, the rising amalgamation of advanced technologies including artificial intelligence (AI) and Internet of Things (IoT), increasing initiatives by the government and private sector, and technological advancements for developing advanced digital solutions.

The accelerating penetration of smartphones throughout the world, along with the growing adoption of digital healthcare, surging incorporation of innovative technologies like the internet of things (IoT) and artificial intelligence (AI), rising adoption of mobile health applications, and the increasingly favorable initiatives taken by private and government sector are some of the crucial drivers contributing to the growth of the global digital health market. Also, factors like the escalating demand for remote monitoring services led by the increasing occurrence of chronic diseases, augmenting acquisition of mobile phones and smartphones across healthcare practitioners and physicians to examine and access medical information related to patients, will promote the digital health market size.

The stimulating incorporation of mHealth technologies used for self-management of chronic illness, which includes diabetes, will further strengthen the growth of the digital health industry. Expanding demand for improving workflow efficiency in clinics and hospitals, and other healthcare centers will fuel the mHealth services in various healthcare organizations. As per the digital health market research, several favorable initiatives undertaken by the government and private sector, and the technological improvements to develop advanced digital solutions, will further propel the market growth. Government programs like research and development funding for healthcare IT and various awareness programs will further strengthen the market share. However, the concerns related to privacy and cybersecurity are likely to curb the digital health market growth.

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On the basis of technology, the mHealth segment is anticipated to lead the market over the forecast period. This is because of the expanding adoption of these technologies among patients and physicians, increasing inclination towards preventive healthcare, and the growing funding for mHealth startups. The growing usage of smartphones and the internet and the accessibility of many mHealth applications will boost the market growth. Moreover, the upgradation in wearable technologies and the rising incidence of chronic diseases such as cardiovascular diseases and diabetes further raise the market growth.

Based on the component, services are projected to witness a higher is CAGR in the market over the forecast period. This is due to the increasing investment in digital infrastructure in developing countries and the accelerating use of wearable devices. The digital health service consists of installation, upgradation, training, and integration., The prompting demand for software platforms, including electronic health records (EHR), adds to the growing demand because companies are enhancing on offering post-installation services such as training and staffing.

Based on the regional coverage, North America is expected to expand at a faster CAGR during the forecast period, primarily attributed to the rising presence of chronic diseases such as diabetes, and cardiovascular diseases, fuelling the geriatric population, fast growth in smartphone users, and advancement in-network coverage. Moreover, the rise in government support and collaboration supports the application developer and healthcare provider for innovation in digital health and building enhanced solutions.

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Various notable players in the Digital Health market include AT&T Inc., Apple Inc., AirStrip Technologies LP, Alcatel-Lucent Corporation, Cisco Systems, Inc.Cerner Corporation, Symantec Corporation, Aruba Networks, Inc., Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., NextGen Healthcare, Inc. (QSI Management, LLC), IBM Corporation, Google LLC, among others.

The Global Digital Health market has been segmented based on the technology, component, and region. Based on the technology market is categorized into Tele Healthcare, and mHealth. Based on Tele Healthcare, the market is segmented into Tele-care and Tele-health. Based on the component, the market is segmented into hardware, software, and services.

Digital Health Market Segmentation:

Digital Health Market by Technology:

  • Tele Healthcare
    • Tele-care
      • Activity Monitoring
      • Remote Medication Management

 

  • Tele-health
    • LTC Monitoring
    • Video Consultation
    • mHealth
      • Wearables
        • BP Monitors
        • Glucose Meters
        • Pulse Oximeters
        • Sleep Apnea Monitors (PSG)
        • Neurological Monitors
        • Activity Trackers/ Actigraphs
        • mHealth Apps
          • Medical Apps
          • Fitness Apps
          • Healthcare Analytics
          • Digital Health Systems
            • EHR
            • E-prescribing Systems

 

Digital Health Market by Component:

  • Hardware
  • Software
  • Services

 

Digital Health Market by Region:

  • North America Digital Health Market (Option 1: As a part of the free 25% customization)
    • North America Market by Technology
    • North America Market by Component
    • United States Telehealth Market
    • Canada Telehealth Market

 

  • Europe Digital Health Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Technology
    • Europe Market by Component
    • UK Telehealth Market
    • Germany Telehealth Market
    • France Telehealth Market
    • Spain Telehealth Market
    • Rest of Europe Telehealth Market

 

  • Asia-Pacific Digital Health Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Technology
    • Asia-Pacific Market by Component
    • China Telehealth Market
    • India Telehealth Market
    • Japan Telehealth Market
    • Rest of APAC Telehealth Market

 

  • RoW Digital Health Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Technology
    • RoW Market by Component
    • Brazil Telehealth Market
    • South Africa Telehealth Market
    • Saudi Arabia Telehealth Market
    • UAE Telehealth Market
    • Rest of world (remaining countries of the LAMEA region) Telehealth Market

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