Digital Health Market Research Report Information By Technology (Digital Health Systems, Telehealthcare, mHealth and Healthcare Analytics), Application (Cardiology, Diabetes, Neurology, Sleep Apnea, Oncology and others), Delivery Mode (On-Premise and Cloud-Based), Components (Software, Services and Hardware), End User (Healthcare Providers, Healthcare Payers, Pharmaceutical Companies), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Forecast Till 2030
The digital health market size was valued USD 167 billion in 2021 and is expected to reach USD 1.3 trillion by 2030 at 23.7% CAGR during the forecast period 2022-2030. The growing usage of big data in the healthcare sector, increased use of EHR and EMR systems, the assistance provided to maintain patients’ electronic health records, and regulatory obligations, to name a few factors, are all boosting the digital healthcare industry. The digital health market refers to the use of digital technologies and tools in healthcare delivery, including telemedicine, remote patient monitoring, mobile health applications, and electronic health records. The market has seen significant growth in recent years, driven by factors such as the increasing demand for healthcare services, rising healthcare costs, and advances in technology. The COVID-19 pandemic has had a significant impact on the digital health market. With the need to limit in-person interactions, there has been a surge in demand for digital health services, particularly telemedicine and remote patient monitoring.
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This has led to an increase in investment in digital health technologies and the development of new products and services to meet the growing demand. The pandemic has also accelerated the adoption of digital health technologies by healthcare providers and patients. Many healthcare organizations have implemented telemedicine and remote patient monitoring programs to reduce the risk of exposure to COVID-19 and provide continuity of care. Patients have also become more comfortable with using digital health tools and are more willing to adopt them for their healthcare needs.
Digital Health Market Segmentation
The Global Digital health market has been segmented into Product & Service, Component, End User
Based on the Product & service, the market has been segmented into mHealth and eHealth.
Based on the Component, the market has been segmented into Software, Hardware, and Services.
Based on the End-user, the market has been segmented into Healthcare Providers, Payers, Healthcare Consumers, and Others
Key Players
Some of the key market players are
- Cerner Corporation
- McKesson Corporation
- Allscripts Healthcare Solutions, Inc.
- Epic Systems Corporation
- Philips Healthcare
- GE Healthcare
- Medtronic
- Siemens Healthineers
- Johnson & Johnson
- IBM Watson Health
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Digital Health Market Regional Analysis
North America is the largest market for digital healthcare, with the United States being the largest contributor to the market. The growth in this region is attributed to factors such as increasing healthcare expenditure, rising demand for healthcare services, and the presence of advanced healthcare infrastructure. Europe is the second-largest market, with countries such as Germany, France, and the United Kingdom contributing significantly to the market.
The Asia Pacific region is expected to experience the highest growth rate, driven by factors such as the increasing demand for healthcare services, the rising geriatric population, and increasing investments in healthcare IT. The key markets in the region include China, Japan, India, and South Korea. Latin America and the Middle East and Africa are also emerging markets for digital healthcare, with increasing investments in healthcare infrastructure and rising awareness of the benefits of digital health technologies.
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