The global digital health market was valued at USD 241.88 billion in 2023, growing at a CAGR of 23.05% from 2024 to 2033. The global digital health market is expected to reach USD 1,924.95 billion by 2033. The North America is expected to grow the fastest during the forecast period. The increased usage of smartphones results from the rapid technological development in both developed and developing countries. This shift towards digitalization and enhanced internet connectivity has created opportunities for digital health services. There has been significant investment in the healthcare industry as governments prioritize healthcare infrastructure spending due to growing awareness among individuals worldwide. Lifestyle changes brought on by urban environments have led millennials to experience various health issues worsened by pollution, which leads organizations and people alike to take preventative measures against chronic diseases that are becoming more prevalent within city living conditions. The changing lifestyles create challenges when it comes to preserving the overall well-being.
Digital health can incorporate information technology and electronic communications with various healthcare processes. The broad scope of digital health contains health information technology (IT), telehealth and telemedicine, wearable devices, mobile health (mHealth), and personalized medicine. Advances in robotics, AI, big data, and machine learning continue to bring about significant changes in digital healthcare. The increasing popularity of digital health is due to a link between raised technology use & mental health issues, including attention and behavior problems.
Digital health instruments have the vast potential to improve the ability to diagnose and treat disease accurately and enhance health care delivery for the individual. Digital health technologies utilize software, computing platforms, connectivity, and sensors for health care & related uses. These technologies span a broad range of benefits, from applications in general wellness to applications as medical devices. Digital health presents real opportunities to improve medical outcomes & enhance efficiency. Overall digital health covers consultation, diagnosis, treatment, and long-term care services at the economy of price with greater access than an old location-based healthcare system. The Covid-19 epidemics and the conditions thereon have resulted in the rapid adoption of different digital health technologies.
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The increasing demand for mobile health apps: The quickly growing incidence rate of chronic diseases needing long-term care & patient monitoring services is the driving factor of the market growth. Moreover, the increasing awareness of women’s health worldwide, rising digitization, and increasing penetration of technology in daily life are substantially the driving factors of the market growth. In addition, the growing demand for lowering medical expenses and the ever-increasing need for proper and timely information procurement is also helping to propel the market growth. Further, the increasing demand for remote patient monitoring services & growing focus on patient-centric healthcare services is driving the market growth during the forecast period.
The strict government regulations across different countries: The market's restraining factor is the lack of security concerns such as cyber-attacks and financial restrictions to maintain digital health-related services. Further, strict data security is necessary for implementing digital health solutions such as e-prescriptions, electronic health records, and medical apps, which are also hampering the market growth. In addition, the lack of awareness of female health and hygiene is inhibiting the market growth. Also, the high cost associated with large equipped systems like EMR/ EHR and revenue cycle management systems is anticipated to hamper the market growth.
The growing penetration of digital health in emerging economies: The increasing disposable income and smartphone penetration is the opportunity factor for market growth. Further, the substantial advances in processing and storage technology have made computing resources more efficient, economical, and accessible, permitting the on-demand delivery of these services to patients through the internet. Moreover, the positive adjustments to data privacy & cyber security protocols and increasing demand for remote patient monitoring services stimulate market growth during the forecast period.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global digital health market, with a 45.4% share of the market revenue in 2023. North America currently dominates the digital health market due to the growing enactment of government policies. Further, the measures for improving the operations of the healthcare delivery system, the raised prevalence of chronic disease, and the requirement for continuous monitoring are boosting the market growth in this region. In addition, the highly developed network infrastructure and the rapid development of several healthcare mobile apps are propelling the market growth in this region. The Asia Pacific is expected to grow the fastest during the forecast period due to the increasing smartphone adoption and the expanding demand for healthcare analytics. Further, rising healthcare expenditure levels and the growing prevalence of chronic obstructive pulmonary disease (COPD) and diabetes are helping to propel the market growth in this region. Also, the increasing adoption of big data in the healthcare sector, the rapid adaption of electronic medical records, and the surge in demand for remote monitoring devices are helping to drive market growth.
North America Region Digital Health Market Share in 2023 - 45.4%
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The component segment is divided into hardware, software, and services. The software segment dominated the market, with a market share of around 39.2% in 2023. This growth is attributed to the increasing adoption of technological & I.T. solutions.
The technology segment is divided into telehealthcare, mhealth, digital health systems, and healthcare analytics. In 2023, the mhealth segment dominated the market with the largest market share of 34.4% and market revenue of USD 83.21 billion. This growth is attributed to the increasing penetration of the internet and smartphones and the ever-increasing adoption of mHealth technology. Additionally, the growing awareness among individuals to use mobile health solutions & supportive government initiatives to introduce and encourage remote digital healthcare are some of the other factors that are helping to boost the market growth during the forecast period. Further, the high preference for mobile medical platforms and the positive attitude of healthcare professionals against real-time patient care are also expected to propel market growth. Moreover, the favorable government strategies and growing collaboration of the manufacturers with multiple healthcare institutions are boosting the market growth during the forecast period. Further, by 2030, the healthcare analytics segment will likely dominate the market due to the emergence of big data in healthcare & technological advancements. The adoption of healthcare analytics is expected to grow rapidly globally as it can potentially reduce the price of treatment, predict illness outbreaks, avoid preventable diseases and improve the overall quality of care and life of patients.
The delivery mode segment is divided into cloud-based and on-premise. In 2023, the cloud-based segment dominated the market, accounting for around 57.2% of global revenue. This growth is attributed to the proliferation of new payment models and the cost-efficiency of the cloud.
The end-user segment is divided into healthcare payers, healthcare providers, and pharmaceutical companies. In 2022, the healthcare providers segment dominated the market, accounting for around 38.3% of global revenue. This growth is attributed to the increasing adoption of electronic health records (EHR) and other sanitarium information systems.
Report Description:
Attribute | Description |
---|---|
Market Size | Revenue (USD Billion) |
Market size value in 2023 | USD 241.88 Billion |
Market size value in 2033 | USD 1,924.95 Billion |
CAGR (2024 to 2033) | 23.05% |
Historical data | 2020-2022 |
Base Year | 2023 |
Forecast | 2024-2033 |
Region | Europe, Asia Pacific, North America, South America, and Middle East & Africa. |
Segments | The research created based on component, technology, delivery mode, end-user, and regions/country. |
As per The Brainy Insights, the size of the digital health market was valued at USD 241.88 billion in 2023 to USD 1,924.95 billion by 2033.
Global digital health market is growing at a CAGR of 23.05% during the forecast period 2024-2033.
North America region emerged as the largest market for the digital health.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Component
4.3.2. Market Attractiveness Analysis By Technology
4.3.3. Market Attractiveness Analysis By Delivery Mode
4.3.4. Market Attractiveness Analysis By End-User
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The increasing demand for mobile health apps
5.2.2. The growing adoption of mHealth services
5.2.3. The growing demand for digital health solutions.
5.3. Restraints
5.3.1. The strict government regulations across different countries
5.4. Opportunities
5.4.1. The growing penetration of digital health in emerging economies
6. Global Digital Health Market Analysis and Forecast, By Component
6.1. Segment Overview
6.2. Hardware
6.3. Software
6.4. Services
7. Global Digital Health Market Analysis and Forecast, By Technology
7.1. Segment Overview
7.2. Telehealthcare
7.3. mHealth
7.4. Digital Health Systems
7.5. Healthcare Analytics
8. Global Digital Health Market Analysis and Forecast, By Delivery Mode
8.1. Segment Overview
8.2. Cloud-Based
8.3. On-Premise
9. Global Digital Health Market Analysis and Forecast, By End-User
9.1. Segment Overview
9.2. Healthcare Payers
9.3. Healthcare Providers
9.4. Pharmaceutical Companies
10. Global Digital Health Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Digital Health Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in Global Digital Health Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Apple Inc
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Cerner Corporation
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Epic Systems Corporation
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. McKesson Corporation
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Allscripts
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. QSI Management, LLC
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. Telefonica S.A.
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Airstrip Technologies
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. HiMS
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. Google, Inc
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
12.11. Vodafone Group
12.11.1. Business Overview
12.11.2. Company Snapshot
12.11.3. Company Market Share Analysis
12.11.4. Company Product Portfolio
12.11.5. Recent Developments
12.11.6. SWOT Analysis
12.12. Qualcomm Technologies, Inc
12.12.1. Business Overview
12.12.2. Company Snapshot
12.12.3. Company Market Share Analysis
12.12.4. Company Product Portfolio
12.12.5. Recent Developments
12.12.6. SWOT Analysis
12.13. MQure
12.13.1. Business Overview
12.13.2. Company Snapshot
12.13.3. Company Market Share Analysis
12.13.4. Company Product Portfolio
12.13.5. Recent Developments
12.13.6. SWOT Analysis
12.14. CISCO Systems, Inc
12.14.1. Business Overview
12.14.2. Company Snapshot
12.14.3. Company Market Share Analysis
12.14.4. Company Product Portfolio
12.14.5. Recent Developments
12.14.6. SWOT Analysis
12.15. Samsung Electronics Co. Ltd
12.15.1. Business Overview
12.15.2. Company Snapshot
12.15.3. Company Market Share Analysis
12.15.4. Company Product Portfolio
12.15.5. Recent Developments
12.15.6. SWOT Analysis
12.16. Computer Programs and Systems, Inc
12.16.1. Business Overview
12.16.2. Company Snapshot
12.16.3. Company Market Share Analysis
12.16.4. Company Product Portfolio
12.16.5. Recent Developments
12.16.6. SWOT Analysis
12.17. IBM Corporation
12.17.1. Business Overview
12.17.2. Company Snapshot
12.17.3. Company Market Share Analysis
12.17.4. Company Product Portfolio
12.17.5. Recent Developments
12.17.6. SWOT Analysis
12.18. Vocera Communications
12.18.1. Business Overview
12.18.2. Company Snapshot
12.18.3. Company Market Share Analysis
12.18.4. Company Product Portfolio
12.18.5. Recent Developments
12.18.6. SWOT Analysis
12.19. Softserve
12.19.1. Business Overview
12.19.2. Company Snapshot
12.19.3. Company Market Share Analysis
12.19.4. Company Product Portfolio
12.19.5. Recent Developments
12.19.6. SWOT Analysis
List of Table
1. Global Digital Health Market, By Component, 2020-2033 (USD Billion)
2. Global Hardware, Digital Health Market, By Region, 2020-2033 (USD Billion)
3. Global Software, Digital Health Market, By Region, 2020-2033 (USD Billion)
4. Global Services, Digital Health Market, By Region, 2020-2033 (USD Billion)
5. Global Digital Health Market, By Technology, 2020-2033 (USD Billion)
6. Global Telehealthcare, Digital Health Market, By Region, 2020-2033 (USD Billion)
7. Global mHealth, Digital Health Market, By Region, 2020-2033 (USD Billion)
8. Global Digital Health Systems, Digital Health Market, By Region, 2020-2033 (USD Billion)
9. Global Healthcare Analytics, Digital Health Market, By Region, 2020-2033 (USD Billion)
10. Global Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
11. Global Cloud-Based, Digital Health Market, By Region, 2020-2033 (USD Billion)
12. Global On-Premise, Digital Health Market, By Region, 2020-2033 (USD Billion)
13. Global Digital Health Market, By End-User, 2020-2033 (USD Billion)
14. Global Healthcare Payers, Digital Health Market, By Region, 2020-2033 (USD Billion)
15. Global Healthcare Providers, Digital Health Market, By Region, 2020-2033 (USD Billion)
16. Global Pharmaceutical Companies, Digital Health Market, By Region, 2020-2033 (USD Billion)
17. North America Digital Health Market, By Component, 2020-2033 (USD Billion)
18. North America Digital Health Market, By Technology, 2020-2033 (USD Billion)
19. North America Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
20. North America Digital Health Market, By End-User, 2020-2033 (USD Billion)
21. U.S. Digital Health Market, By Component, 2020-2033 (USD Billion)
22. U.S. Digital Health Market, By Technology, 2020-2033 (USD Billion)
23. U.S. Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
24. U.S. Digital Health Market, By End-User, 2020-2033 (USD Billion)
25. Canada Digital Health Market, By Component, 2020-2033 (USD Billion)
26. Canada Digital Health Market, By Technology, 2020-2033 (USD Billion)
27. Canada Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
28. Canada Digital Health Market, By End-User, 2020-2033 (USD Billion)
29. Mexico Digital Health Market, By Component, 2020-2033 (USD Billion)
30. Mexico Digital Health Market, By Technology, 2020-2033 (USD Billion)
31. Mexico Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
32. Mexico Digital Health Market, By End-User, 2020-2033 (USD Billion)
33. Europe Digital Health Market, By Component, 2020-2033 (USD Billion)
34. Europe Digital Health Market, By Technology, 2020-2033 (USD Billion)
35. Europe Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
36. Europe Digital Health Market, By End-User, 2020-2033 (USD Billion)
37. Germany Digital Health Market, By Component, 2020-2033 (USD Billion)
38. Germany Digital Health Market, By Technology, 2020-2033 (USD Billion)
39. Germany Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
40. Germany Digital Health Market, By End-User, 2020-2033 (USD Billion)
41. France Digital Health Market, By Component, 2020-2033 (USD Billion)
42. France Digital Health Market, By Technology, 2020-2033 (USD Billion)
43. France Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
44. France Digital Health Market, By End-User, 2020-2033 (USD Billion)
45. U.K. Digital Health Market, By Component, 2020-2033 (USD Billion)
46. U.K. Digital Health Market, By Technology, 2020-2033 (USD Billion)
47. U.K. Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
48. U.K. Digital Health Market, By End-User, 2020-2033 (USD Billion)
49. Italy Digital Health Market, By Component, 2020-2033 (USD Billion)
50. Italy Digital Health Market, By Technology, 2020-2033 (USD Billion)
51. Italy Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
52. Italy Digital Health Market, By End-User, 2020-2033 (USD Billion)
53. Spain Digital Health Market, By Component, 2020-2033 (USD Billion)
54. Spain Digital Health Market, By Technology, 2020-2033 (USD Billion)
55. Spain Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
56. Spain Digital Health Market, By End-User, 2020-2033 (USD Billion)
57. Asia Pacific Digital Health Market, By Component, 2020-2033 (USD Billion)
58. Asia Pacific Digital Health Market, By Technology, 2020-2033 (USD Billion)
59. Asia Pacific Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
60. Asia Pacific Digital Health Market, By End-User, 2020-2033 (USD Billion)
61. Japan Digital Health Market, By Component, 2020-2033 (USD Billion)
62. Japan Digital Health Market, By Technology, 2020-2033 (USD Billion)
63. Japan Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
64. Japan Digital Health Market, By End-User, 2020-2033 (USD Billion)
65. China Digital Health Market, By Component, 2020-2033 (USD Billion)
66. China Digital Health Market, By Technology, 2020-2033 (USD Billion)
67. China Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
68. China Digital Health Market, By End-User, 2020-2033 (USD Billion)
69. India Digital Health Market, By Component, 2020-2033 (USD Billion)
70. India Digital Health Market, By Technology, 2020-2033 (USD Billion)
71. India Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
72. India Digital Health Market, By End-User, 2020-2033 (USD Billion)
73. South America Digital Health Market, By Component, 2020-2033 (USD Billion)
74. South America Digital Health Market, By Technology, 2020-2033 (USD Billion)
75. South America Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
76. South America Digital Health Market, By End-User, 2020-2033 (USD Billion)
77. Brazil Digital Health Market, By Component, 2020-2033 (USD Billion)
78. Brazil Digital Health Market, By Technology, 2020-2033 (USD Billion)
79. Brazil Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
80. Brazil Digital Health Market, By End-User, 2020-2033 (USD Billion)
81. Middle East and Africa Digital Health Market, By Component, 2020-2033 (USD Billion)
82. Middle East and Africa Digital Health Market, By Technology, 2020-2033 (USD Billion)
83. Middle East and Africa Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
84. Middle East and Africa Digital Health Market, By End-User, 2020-2033 (USD Billion)
85. UAE Digital Health Market, By Component, 2020-2033 (USD Billion)
86. UAE Digital Health Market, By Technology, 2020-2033 (USD Billion)
87. UAE Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
88. UAE Digital Health Market, By End-User, 2020-2033 (USD Billion)
89. South Africa Digital Health Market, By Component, 2020-2033 (USD Billion)
90. South Africa Digital Health Market, By Technology, 2020-2033 (USD Billion)
91. South Africa Digital Health Market, By Delivery Mode, 2020-2033 (USD Billion)
92. South Africa Digital Health Market, By End-User, 2020-2033 (USD Billion)
List of Figures
1. Global Digital Health Market Segmentation
2. Global Digital Health Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Digital Health Market Attractiveness Analysis By Component
9. Global Digital Health Market Attractiveness Analysis By Technology
10. Global Digital Health Market Attractiveness Analysis By Delivery Mode
11. Global Digital Health Market Attractiveness Analysis By End-User
12. Global Digital Health Market Attractiveness Analysis By Region
13. Global Digital Health Market: Dynamics
14. Global Digital Health Market Share By Component (2023 & 2033)
15. Global Digital Health Market Share By Technology (2023 & 2033)
16. Global Digital Health Market Share By Delivery Mode (2023 & 2033)
17. Global Digital Health Market Share By End-User (2023 & 2033)
18. Global Digital Health Market Share By Regions (2023 & 2033)
19. Global Digital Health Market Share By Company (2023)
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global digital health based on below mentioned segments:
Global Digital Health Market by Component:
Global Digital Health Market by Technology:
Global Digital Health Market by Delivery Mode:
Global Digital Health Market by End-User:
Global Digital Health by Region:
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The data procurement stage involves in data gathering and collecting through various data sources.
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Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.
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Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
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