Digital Health Market Share Projected to Surpass a Valuation of USD 1.1 Trillion by 2030 Growing at a 22.2% CAGR | MRFR
Research Reports
Jul 12, 2023
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 2032
According to MRFR analysis, the global digital health market is expected to register a CAGR of 22.2% from 2022 to 2032 and hold a value of over USD 1.1 trillion by 2032. The digital health market refers to the use of digital technologies and innovations to improve healthcare delivery and enhance patient outcomes. It encompasses various aspects such as telemedicine, mobile health apps, wearable devices, remote patient monitoring, electronic health records, and health information exchange.
The COVID-19 pandemic has significantly accelerated the adoption of digital health solutions. With social distancing measures and the need to limit in-person visits, telemedicine services experienced a rapid surge in demand. Remote patient monitoring tools and wearable devices gained importance for tracking vital signs and symptoms remotely, reducing the strain on healthcare systems. Furthermore, the pandemic highlighted the necessity of digital health infrastructure for efficient data sharing, interoperability, and remote care coordination. It also emphasized the importance of cybersecurity in protecting sensitive health information.
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Digital Health Market Competitive Outlooks
Some of the market key players are Siemens Healthineers Ag, Honeywell International Inc., Eclinicalworks, Mckesson Corporation, General Electric Company, Cerner Corporation, Allscripts Healthcare Solutions Inc., Koninklijke Philips N.V., Cisco Systems, Qualcomm Technologies, Inc.
Market Segmentation
The Global Digital health market has been segmented into Product & Service, Component and End User
By Product & Service: mHealth, mHealth Devices, Blood Glucose Meter, BP Monitors, Pulse Oximetry, Neurological Monitors, Cardiac Monitors, Apnea & Sleep Monitors, Wearable Fitness Sensor Devices & Heart Rate Meters and Others
mHealth Services-Prevention Services, Diagnostic Services, Monitoring Services, Treatment Services, Wellness & Healthcare System Strengthening Solutions, eHealth, Vendor Neutral Archive (VNA) and Picture Archiving & Communications Systems (PACS), Electronic Health Records (HER, Laboratory Information Systems (LIS), Telehealth, Prescribing Solutions, Medical Apps, Clinical Decision Support Systems (CDSS), Pharmacy Information Systems and Others
By Component: Software, Hardware and Services
By End User: Healthcare Providers, Payers, Healthcare Consumers and Others
Digital Health Market Regional Analysis
North America, particularly the United States, holds a significant share in the market due to its advanced healthcare systems and widespread adoption of digital health solutions. Europe also has a strong market presence, with countries like Germany, the United Kingdom, and France investing in digital health technologies and implementing supportive policies. Asia Pacific is witnessing rapid growth in the market, driven by countries like China, Japan, and India, which are leveraging digital health to address healthcare accessibility and population health challenges.
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The Middle East and Africa region is gradually adopting digital health solutions, with countries like the United Arab Emirates and South Africa making advancements in telemedicine and health tech innovation. Latin America has a smaller market share but is seeing increased adoption of digital health technologies, particularly in countries like Brazil and Mexico, to improve healthcare delivery and patient outcomes.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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