Pandemic-Driven Digitalization in Healthcare Fuels Global Digital Health Market to $857.2 Billion by 2030 with Telehealth & AI Integration

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Aug 22, 2023

DUBLIN, Aug. 22, 2023 /PRNewswire/ — The “Digital Health: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

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The global market for Digital Health estimated at US$216.5 Billion in the year 2022, is projected to reach a revised size of US$857.2 Billion by 2030, growing at a CAGR of 18.8% over the analysis period 2022-2030.

mHealth, one of the segments analyzed in the report, is projected to record a 19.3% CAGR and reach US$429.7 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Digital Health Systems segment is readjusted to a revised 14.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $89.9 Billion, While China is Forecast to Grow at 22.7% CAGR

The Digital Health market in the U.S. is estimated at US$89.9 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$99.5 Billion by the year 2030 trailing a CAGR of 22.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.9% and 17.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 16.1% CAGR.

Select Competitors (Total 679 Featured) –

  • AdvancedMD, Inc.
  • AirStrip Technologies LP
  • Allscripts Healthcare, LLC
  • Apple Inc.
  • AT&T Communications, LLC
  • Athenahealth, Inc.
  • Biotelemetry, Inc.
  • Capsule Technologies, Inc
  • Cerner Corporation
  • Cisco Systems, Inc
  • eClinicalWorks
  • iHealth Labs Inc
  • Koninklijke Philips N.V.
  • McKesson Corporation
  • Qualcomm Technologies, Inc.
  • Siemens Healthineers GmbH

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021 and Beyond
  • With IMF Making an Upward Revision of Global GDP for 2022, Companies Remain Bullish About an Economic Comeback
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Digital Healthcare Gains Spotlight Amid COVID-19 Pandemic
  • Digital Health to Evolve into an Ecosystem
  • Covid-19 Pandemic Expedites Adoption of Telemedicine
  • Telehealth Visits in the U.S (In Million) for the Year 2020
  • Global Number of Telemedicine Patients (In Million) for the Years 2016, 2018, 2020, 2023 & 2025
  • Remote Healthcare to Become Mainstay
  • Pandemic Drives Prominence of Healthcare Analytics
  • Healthcare Organizations Stay Ahead of Pandemic Needs by Exploiting Predictive Analytics
  • Mobile Health Gains Increased Attention Amid the Pandemic
  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Digital Health: An Introduction
  • Market Outlook
  • Geographic Landscape
  • Digital Health Investments Exhibit Solid Trajectory in 2021
  • Key Areas of Funding
  • US Digital Health Funding in US$ Billion: 2011-2021
  • Number of Mega Deals (US$ 100 Million +) in DigitalHealth Space: 2018-2021
  • Top Funded Clinical Indications (in US$ Billion): 2020 & 2021
  • Top Funded Digital Health Categories (in US$ Million): 2021
  • Direct-to-consumer and Flexible Business Models Experience Solid Gains
  • Digital Health Investments: Pulsating Areas
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • COVID-19 Pandemic Accelerates Digitalization in Healthcare
  • Industry to Drive Demand for Simplified Digital Workflows
  • Digital Twins, Simulations to Open New Treatment
  • Factors Defining Future Growth Trajectory
  • Startups Flock the Digital Therapeutics Market
  • Select Digital Therapeutics Startups
  • Pandemic Pulls Up Lever for Digital Mental Healthcare
  • Increasing Popularity of Telehealth Draws Attention
  • Growing Role of Telemedicine Apps During COVID-19 Pandemic
  • Amidst the Rise in Adoption of Telehealth/Telemedicine Services, Blockchain Emerges as a Critical Technology for the Sector
  • Virtual Collaboration Gains Significance
  • Telemedicine Holds Promise for Chronic Conditions
  • Healthcare Analytics Adoption to Grow Further amid COVID-19 Recovery
  • Strategies to Derive Value from Healthcare Analytics
  • Big Data Analytics Playing a Pivotal Role in Healthcare
  • Global Healthcare Data Generated: 2014, 2020, and 2025 (in exabytes)
  • “The Cloud” is a Perfect Fit for Healthcare Big Data
  • Need for Healthcare Analytics to Pivot Diverse Functions
  • Predictive Analytics Made More Important by COVID-19 Crisis
  • Growing Importance of Big Data in Mobile Health Applications
  • Industry Witnesses Wider Adoption of AI & Predictive Analytics in Healthcare
  • Select Use Cases
  • Hospitals Bet on Actionable Insights from AI & Predictive Analytics to Treat & Triage Patients amid COVID-19
  • Wearable Gadgets Bring in Healthcare Disruption
  • Personalized Medicine to Benefit from Digital Technologies
  • Global Wearable Technology Market by Application: 2021
  • AI Robots Set to Transform Healthcare Industry
  • mHealth Care: A Prominent RisingTrend in Digital Healthcare Market
  • Rise in Integration of AI in Mobile Health Apps
  • Proliferation of Smart Devices Bodes Well for Market Growth
  • Smartphone Adoption as Share of Total Population: 2016-2021
  • Mobile Healthcare Gains Momentum amid the Pandemic
  • Eminence of Cloud-based apps in the Mobile Health Care Industry
  • Inclination of Young Consumers Towards Digital Health Technology: Opportunity in Store
  • Shortage of Medical Professionals: Mobile Medical Apps Come to the Rescue
  • Physicians Density Per 1000 Population in Select Countries: 2019
  • Partnering with Technology Majors to Spur Innovation
  • Cloud Computing: An Expanding Paradigm
  • Artificial Intelligence to Play a Significant Role in Automation and Improving Clinical Outcomes
  • Global Healthcare Artificial Intelligence Market by Application: 2021
  • Augmented Reality Transforms Medical Treatment
  • ER to Take Clinical Training and Treatment by Storm
  • Regulations Fostering Digital Health
  • Digital Health Becomes Key Focus Area for US FDA
  • Regulation for AI & ML-based Software
  • Reauthorization of PDUFA & MDUFA
  • Integrated Diagnostics: A Fast Growing Space
  • Surgeons Use Video-Conferencing as an Educational Tool
  • Growing Focus on Reducing Healthcare Costs Bolsters Market Growth
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Chronic Diseases Management and Associated Costs Drive Medical Apps Adoption
  • Chronic Disease Management in Developed Countries (2019): Percentage Distribution of Patient Population by Chronic Disease Type in the US, Germany, and UK
  • Rapidly Aging World Population & COVID-19 Induced Re-Focus on Aging-In-Place to Drive Demand
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • ISSUES AND CHALLENGES
  • Protecting Patient Integrity and Building Trust: A Major Challenge
  • Cyber Security, and Maintaining Regulatory Compliance
  • Recruiting, Training, and Retaining the Best Talent

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/pe9fl7

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