Digital Health Market: By Technology (Tele Healthcare, mHealth, Healthcare Analytics, and Digital Health Systems), By Component (Hardware, Software, and Services), and Geography

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Digital Health Market Size was valued at approximately USD 220.9 billion in 2022 and is predicted to exceed a significant CAGR of 16.3% from 2023-2029. The global digital health market is increasing due to increased demand for remote monitoring services, increased funding from private and government organizations for mHealth start-ups, an increase in chronic disease prevalence, and an increase in healthcare technology. For example, the American Telemedicine Association (ATM) collaborated with a UK-based digital health company to launch a new resource for evaluating mHealth apps. The increased awareness among people regarding various prominent diseases prevalent in their regions is the vital driver that fuels the growth of this market. The widening use of smartphones and other mobile applications will drive the development of the digital health market.

In recent years, growing wearable technology, demand for telemedicine, and increasing awareness of VR and AI have created an opportunity for the digital health market. In the digital health market, the mHealth segment is expected to contribute the highest revenue share. In 2021, the mHealth segment was valued at USD 47.0 Bn. The segment was growing at a prominent growth rate over the forecast years due to increased smartphone penetration and high internet usage, an increase in demand for remote monitoring services, and a rise in the prevalence of hypertension. mHealth technology is viewed as the solution to improve healthcare cost-efficiency.

Digital Health Market Key Developments:
  • In April 2022, Qualcomm Incorporated announced it has completed its acquisition of Arriverâ„¢ from SSW Partners, enhancing Qualcomm Technologies ability to deliver open, fully integrated, and competitive Advanced Driver Assistance System (ADAS) solutions to automakers and Tier-1 suppliers at scale.
  • In February 2021, Philips announced that it has completed the acquisition of BioTelemetry, Inc., a leading U.S.-based provider of remote cardiac diagnostics and monitoring. This acquisition strategy is expected to help Phillips expand their business portfolio in the market as well as customer base.

Digital Health Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

16.3%

Largest Market

Asia-Pacific

Fastest Growing Market

North America
Digital Health Market Dynamics

The global digital health market is mainly driven by increasing demand for home healthcare services, government initiatives, adoption of integrated systems. Security concerns regarding patient data and high capital expenditure and maintenance requirements will hamper the market growth.

Digital Health Market Segmentation

By Technology
  • Tele Healthcare
  • mHealth
  • Healthcare Analytics
  • Digital Health Systems
By Component
  • Hardware
  • Software
  • Services
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The digital health market is projected to expand at a CAGR of 16.3% during the forecast period.

North America is the fastest-growing region for digital health market

Telefonica S.A., Orange Health Digital., Cerner Corporation., McKesson Corporation, Qualcomm Technologies, Inc.

Key Features of the Reports

  • The digital health market report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1.Executive Summary
2.Global Digital Health Market Introduction 
2.1.Global Digital Health Market  - Taxonomy
2.2.Global Digital Health Market  - Definitions
2.2.1.Technology
2.2.2.Component
2.2.3.Region
3.Global Digital Health Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Digital Health Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Digital Health Market  By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Tele Healthcare
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. mHealth
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Healthcare Analytics
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Digital Health Systems
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
6.Global Digital Health Market  By Component, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Hardware
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Software
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Services
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7.Global Digital Health Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.North America Digital Health Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Tele Healthcare
8.1.2.mHealth
8.1.3.Healthcare Analytics
8.1.4.Digital Health Systems
8.2.  Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Hardware
8.2.2.Software
8.2.3.Services
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9.Europe Digital Health Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Technology Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Tele Healthcare
9.1.2.mHealth
9.1.3.Healthcare Analytics
9.1.4.Digital Health Systems
9.2.  Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Hardware
9.2.2.Software
9.2.3.Services
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
9.3.6.Rest of EU
10.Asia Pacific (APAC) Digital Health Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Technology Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Tele Healthcare
10.1.2.mHealth
10.1.3.Healthcare Analytics
10.1.4.Digital Health Systems
10.2.  Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Hardware
10.2.2.Software
10.2.3.Services
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11.Middle East and Africa (MEA) Digital Health Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Technology Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Tele Healthcare
11.1.2.mHealth
11.1.3.Healthcare Analytics
11.1.4.Digital Health Systems
11.2.  Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Hardware
11.2.2.Software
11.2.3.Services
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12.Latin America Digital Health Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Technology Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Tele Healthcare
12.1.2.mHealth
12.1.3.Healthcare Analytics
12.1.4.Digital Health Systems
12.2.  Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Hardware
12.2.2.Software
12.2.3.Services
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.TELUS
13.2.2.Apple Inc
13.2.3.Telefonica S.A
13.2.4.Vodafone Group
13.2.5.Cerner Corporation
13.2.6.Orange Health Digital
13.2.7.McKesson Corporation
13.2.8.Koninklijke Philips N.V
13.2.9.Allscripts Healthcare, LLC
13.2.10.Qualcomm Technologies Inc
14. Research Methodology 
15. Appendix and Abbreviations 
  • TELUS
  • Apple Inc
  • Telefonica S.A
  • Vodafone Group
  • Cerner Corporation
  • Orange Health Digital
  • McKesson Corporation
  • Koninklijke Philips N.V
  • Allscripts Healthcare, LLC
  • Qualcomm Technologies Inc

Adjacent Markets