The global digital health market value is estimated to be US$ 8,131.3 million in 2024. The overall market is predicted to grow at a promising CAGR of 7.4% during the forecast period. The global digital health industry share is estimated to reach a value of nearly US$ 16,603.7 million by 2034.
| Report Attribute | Details |
|---|---|
| Global Digital Health Market Size (2024) | US$ 8,131.3 million |
| Market Anticipated Forecast Value (2034) | US$ 16,603.7 million |
| Market Projected Growth Rate (2024 to 2034) | 7.4% CAGR |
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The global digital health market was valued at US$ 4,384.4 million in 2019. The global demand for digital health services surged at a rate of 12.5% between 2019 and 2023. Several governments' supportive initiatives along with the rising demand for digital healthcare apps in remote patient monitoring services advanced the market fast during the pandemic years. The overall market value was about US$ 7,909.9 million by 2023.
| Attributes | Details |
|---|---|
| Global Digital Health Market Value (2019) | US$ 4,384.4 million |
| Market Revenue (2023) | US$ 7,909.9 million |
| Market Historical Growth Rate (CAGR 2019 to 2023) | 12.5% CAGR |
Principal Consultant
Digital health service market participants are creating cutting-edge mobile applications to monitor daily activities like fitness, exercise, nutrition, and well-being, providing users with high-quality healthcare and comfort. Additionally, mobile apps give users the ability to find out about medical questions, make appointments, track consultations, and store their medical information, and track and order prescriptions for medications. So, telemedicine and telehealth services are being quickly embraced by the medical community and are being acknowledged by both public and private market players.
Patient data security issues could reduce the value of the digital healthcare market. This can have a negative impact on the operations' reputation and outcomes and in turn, affect the overall market's future trends. Technology behemoths Apple, IBM, and Google are concentrating on enhancing data security features and improving the mobile health experience by providing a variety of subscription plans.
The table below lists the countries that are expected to witness a promising growth in adoption of digital healthcare solutions and services in the coming days.
| Regional Market Comparison | CAGR (2024 to 2034) |
|---|---|
| United States | 6.8% |
| Germany | 6.6% |
| United Kingdom | 6.2% |
| India | 22.5% |
| Thailand | 16.4% |
The United States dominated the digital health market and is expected to progress at a rate of 6.8% through the projected years.
Adoption of digital health technologies in the United Kingdom is projected to grow at a moderate rate of 6.2% during the forecast years.
The digital health industry of Germany is poised to expand at a rate of 6.6% per year till 2034.
Digital health service providers are expected to witness a lucrative CAGR of 22.5% on average during the projected years.
Thailand is predicted to present some attractive opportunities for global digital health companies growing at a rate of 16.4% through 2034.
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Based on product type, the software segment is anticipated to account for 57% of the total digital health business in 2024.
| Attributes | Details |
|---|---|
| Top Product Type or Segment | software |
| Market Share in 2024 | 57% |
Based on deployment type, the cloud-based segment is expected to capture 28% of the global revenue share in 2024. However, this segment is predicted to witness a faster growth rate over the next ten years.
| Attributes | Details |
|---|---|
| Top Deployment Type or Segment | Cloud-based |
| Market Share in 2024 | 28% |
The digital health market providers employ the tactic of introducing cutting-edge and reasonably priced solutions to eliminate rivals. In order to outperform rivals, the provider of digital health solutions also employs strategic partnerships, collaborations, and joint ventures.
In order to meet the rising demand for digital health broaden their business horizons and increase sales of digital health, digital health technology market players were compelled to revise their product innovation strategies, investment strategies, mergers and acquisitions plans, and partnership plans.
The emergence of start-ups and businesses that specialize in digital health solutions is fostering value of the digital health and winning the support of both public and private investors. The driving forces in the digital therapeutics market ecosystem are currently the big-tech players, healthcare providers, and health informatics market start-ups.
Recent Developments in Global Digital Health Market
In 2021, the digital health market had a breakout year, with start-ups raising US$ 29.1 billion in 729 transactions. Start-ups raised US$ 6.7 billion in the first quarter of 2021, at the peak of the funding boom. This increased to US$ 8.3 billion in the second quarter and US$ 6.8 billion in the third quarter. In the first quarter of 2022, digital health start-ups signed 183 deals, with an average deal size of US$ 32.8 million.
The American Telemedicine Association (ATM) collaborated with a United Kingdom-based digital health firm to release a brand-new tool for evaluating mHealth apps.
Omron Healthcare, Inc., a division of Omron Corporation, unveiled The Heart Guide in January 2019 as the first wearable blood pressure monitor with a digital health service.
Funding in the first quarter shifted to different digital health sectors than in previous quarters. Funding for start-ups that catalyze research and development in biopharma and medical technology fell to second place while funding for start-ups that augment clinical workflow raised eight spots to third place.
Mental health care is still a hotspot, with start-ups raising US$ 1 billion in the first quarter. For the first time since 2019, investment in start-ups supporting reproductive and maternal health totaled US$ 424 million during the quarter, re-entering the top six for the first time in 2019.
| Attribute | Details |
|---|---|
| Estimated Market Size (2024) | US$ 8,131.3 million |
| Projected Market Size (2034) | US$ 16,603.7 million |
| Anticipated Growth Rate (2024 to 2034) | 7.4% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | US$ million or billion for Value and Units for Volume |
| Key Regions Covered | North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
| Key Segments Covered | By Solution Type, By Deployment, By End User Verticals, and By Region |
| Key Companies Profiled |
|
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global digital health market is estimated to be around US$ 8,131.3 million in 2024.
The global digital health market is to grow at 7.4% during the forecast period.
The global digital health market is predicted to be valued at US$ 16,603.7 million by 2034.
The global digital health market was valued at US$ 4,384.4 million in 2019.
The United States is a key digital health market.
India is predicted to witness high adoption of digital health solutions through 2034.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Solution
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Solution, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Solution, 2024 to 2034
5.3.1. Software
5.3.1.1. Healthcare Claims Management Software
5.3.1.2. Healthcare CRM Software
5.3.1.3. Payer Care Management Software
5.3.1.4. EHR / EMR Software
5.3.1.5. E-Prescribing Software
5.3.1.6. Healthcare Asset Management Software
5.3.1.7. Population Health Management Software
5.3.1.8. Others
5.3.2. Services
5.3.2.1. Managed Services
5.3.2.2. Healthcare Consulting Services
5.3.2.3. Integration & Implementation Services
5.3.2.4. Support & Maintenance Services
5.4. Y-o-Y Growth Trend Analysis By Solution, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Solution, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Deployment
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Deployment, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment, 2024 to 2034
6.3.1. Cloud-Based
6.3.2. On-Premises
6.4. Y-o-Y Growth Trend Analysis By Deployment, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Deployment, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By End User, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End User, 2024 to 2034
7.3.1. Diagnostics Centres
7.3.2. Healthcare Payers
7.3.3. Healthcare Research Centres
7.3.4. Hospitals & Clinics
7.3.5. Nursing Care Centres
7.3.6. Others
7.4. Y-o-Y Growth Trend Analysis By End User, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By End User, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Solution
9.2.3. By Deployment
9.2.4. By End User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Solution
9.3.3. By Deployment
9.3.4. By End User
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Solution
10.2.3. By Deployment
10.2.4. By End User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Solution
10.3.3. By Deployment
10.3.4. By End User
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Solution
11.2.3. By Deployment
11.2.4. By End User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Solution
11.3.3. By Deployment
11.3.4. By End User
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Solution
12.2.3. By Deployment
12.2.4. By End User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Solution
12.3.3. By Deployment
12.3.4. By End User
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Solution
13.2.3. By Deployment
13.2.4. By End User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Solution
13.3.3. By Deployment
13.3.4. By End User
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Solution
14.2.3. By Deployment
14.2.4. By End User
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Solution
14.3.3. By Deployment
14.3.4. By End User
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Solution
15.2.3. By Deployment
15.2.4. By End User
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Solution
15.3.3. By Deployment
15.3.4. By End User
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Solution
16.1.2.2. By Deployment
16.1.2.3. By End User
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Solution
16.2.2.2. By Deployment
16.2.2.3. By End User
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Solution
16.3.2.2. By Deployment
16.3.2.3. By End User
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Solution
16.4.2.2. By Deployment
16.4.2.3. By End User
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Solution
16.5.2.2. By Deployment
16.5.2.3. By End User
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Solution
16.6.2.2. By Deployment
16.6.2.3. By End User
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Solution
16.7.2.2. By Deployment
16.7.2.3. By End User
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Solution
16.8.2.2. By Deployment
16.8.2.3. By End User
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Solution
16.9.2.2. By Deployment
16.9.2.3. By End User
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Solution
16.10.2.2. By Deployment
16.10.2.3. By End User
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Solution
16.11.2.2. By Deployment
16.11.2.3. By End User
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Solution
16.12.2.2. By Deployment
16.12.2.3. By End User
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Solution
16.13.2.2. By Deployment
16.13.2.3. By End User
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Solution
16.14.2.2. By Deployment
16.14.2.3. By End User
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Solution
16.15.2.2. By Deployment
16.15.2.3. By End User
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Solution
16.16.2.2. By Deployment
16.16.2.3. By End User
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Solution
16.17.2.2. By Deployment
16.17.2.3. By End User
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Solution
16.18.2.2. By Deployment
16.18.2.3. By End User
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Solution
16.19.2.2. By Deployment
16.19.2.3. By End User
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Solution
16.20.2.2. By Deployment
16.20.2.3. By End User
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Solution
16.21.2.2. By Deployment
16.21.2.3. By End User
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Solution
16.22.2.2. By Deployment
16.22.2.3. By End User
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Solution
16.23.2.2. By Deployment
16.23.2.3. By End User
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Solution
17.3.3. By Deployment
17.3.4. By End User
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. AT&T Inc.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Apple Inc.
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. AirStrip Technologies LP
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Alcatel-Lucent Corporation
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. Cerner Corporation
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. Symantec Corporation
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Aruba Networks, Inc.
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. Cisco Systems, Inc.
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Qualcomm, Inc.
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Siemens Healthcare
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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