Global Digital Health Market is Projected to Reach USD 211.0 Bn in 2022, Growing at an Estimated CAGR of 18.67% During 2023 – 2031.   

The digital health market encompasses a wide range of technologies and services that leverage digital and information and communication technologies (ICT) to improve healthcare delivery, efficiency, and outcomes. It includes various solutions such as telemedicine, mobile health (mHealth), electronic health records (EHR), wearable devices, health information exchange (HIE), and healthcare analytics, amongst others.

The global digital health market represents a dynamic and rapidly evolving sector within the healthcare industry. The digital health market has witnessed substantial growth in recent years due to the increasing adoption of digital technologies, growing demand for remote healthcare services, rising prevalence of chronic diseases, and the need for cost-effective healthcare solutions. The COVID-19 pandemic has further accelerated the adoption of digital health tools, emphasizing the importance of remote monitoring and telehealth services.

The COVID-19 pandemic served as a pivotal moment in the evolution and widespread acceptance of digital health market technologies. Faced with unprecedented challenges, healthcare systems globally embraced digital solutions at an accelerated pace. Telehealth emerged as a lifeline, offering remote consultations and care delivery, ensuring patients received necessary medical attention while minimizing exposure risks. Beyond consultations, digital tools facilitated remote monitoring, enabling healthcare providers to track and manage patients’ health remotely, especially critical for those with chronic conditions or recovering from COVID-19. The pandemic underscored the significance of digital health in ensuring healthcare continuity, enhancing accessibility, and reshaping traditional healthcare delivery models, marking a transformative shift that is likely to endure beyond the crisis.

Global Digital Health Market Revenue & Forecast, (US$ Million), 2015 – 2031

In 2022, in the global digital health market, services category emerged as the dominant force driving innovation and integration. This segment encompassed a spectrum of essential services crucial for the successful adoption and utilization of digital health technologies. Telehealth services, notably virtual consultations and remote monitoring, experienced a meteoric rise, reflecting a fundamental shift in how healthcare was accessed and delivered. Healthcare consulting and support services played a pivotal role in assisting institutions in navigating the complexities of integrating digital solutions into existing frameworks, optimizing their functionalities, and ensuring seamless operations.

The surge in demand for remote patient monitoring services highlighted the growing importance of leveraging data from diverse digital health devices to remotely track and manage patients’ health. Additionally, managed services saw a significant uptick as healthcare entities outsourced expertise to manage and maintain their digital health infrastructure. Overall, the dominance of services underscored their critical role in enabling the effective implementation and utilization of digital health solutions, shaping a more interconnected and patient-centric healthcare ecosystem.

In 2022, the global digital health market witnessed a remarkable surge in the dominance of telemedicine within its landscape. This substantial market share was largely attributed to the transformative impact of telemedicine in reshaping healthcare delivery models worldwide. The COVID-19 pandemic acted as a powerful catalyst, propelling telemedicine to the forefront of digital health solutions.

Its versatility in providing remote consultations, enabling virtual care delivery, and facilitating remote monitoring of patients became indispensable during a time when in-person visits were restricted due to safety concerns. This shift was not merely a short-term response; it marked a significant evolution in how healthcare services were accessed and delivered. Telemedicine’s ability to transcend geographical barriers, enhance accessibility, and offer cost-effective, convenient care solutions ensured its prominent position in the digital health market, reflecting a paradigm shift towards more integrated, patient-centric healthcare delivery systems globally.

In 2022, North America solidified its position as the primary region of the global digital health market, commanding the lion’s share of market revenue and growth. Accounting for a substantial portion of the market size, North America’s dominance stemmed from various compelling statistics and influential factors. The region’s advanced technological infrastructure, combined with a proactive approach to adopting digital health solutions, positioned it at the forefront of innovation.

Reports indicated that North America attracted a significant portion of global investments and funding in the digital health sector, fostering a thriving ecosystem of startups and established firms dedicated to advancing healthcare technologies. High adoption rates of telehealth, remote monitoring, electronic health records (EHR), and other digital health tools among healthcare providers and patients propelled the region’s dominance. Furthermore, supportive government initiatives, policies, and incentives further fueled the growth of digital health, facilitating a conducive environment for development and integration. This collective momentum solidified North America’s pivotal role as a global leader in driving the transformative impact of digital health technologies within the healthcare landscape.

Competitive Landscape: Global Digital Health Market

• 23andMe
• AirStrip Technologies.
• Allscripts Healthcare Solutions Inc.
• com, Inc.
• Apple Inc.
• Cerner Corporation.
• Cisco
• Digital Pharmacist Inc.
• DOCTOR ON DEMAND, INC.
• Evolent Health, Inc.
• Fitbit, Inc.
• Fresenius Medical Care AG & Co. KGaA
• GINGER.IO
• Google
• iHealth Labs Inc.
• Koninklijke Philips N.V.
• Medical Information Technology, Inc.
• Medtronic
• Microsoft
• mySugr GmbH
• OMRON Healthcare
• Philips Healthcare
• Predible Health
• Proteus Digital Health
• Qure.ai
• SAMSUNG ELECTRONICS CO., LTD.
• Siemens Healthcare Private Limited
• SigTuple Technologies Private Limited
• Strava
• Xealth
• Other Industry Participants

Global Digital Health Market Summary

Global Digital Health Market 

By Components

• Hardware
• Software
• Services

By Technology

• Telemedicine
  • Teleconsulting
  • Telemonitoring
  • Tele-education
  • Tele training
  • Others
• mHealth
  • Wearables
    • BP Monitor
    • Glucose Monitor
    • Pulse Monitor
    • Sleep Apnea Monitors
    • Neurological Monitors
    • Others
  • Apps
    • Medical Apps
    • Fitness Apps
  • Services
• Health Analytics
  • Descriptive
  • Predictive
  • Prescriptive
• Digital Health Systems
  • Electronic Health Records (EHR)
  • e-prescribing Systems

By Application

• Digital Therapeutics
• Diagnostics
• Surgeries
• Training and Education
• Others

By End User

• Hospitals and Clinics
• Pharmacies
• Research Institutes
• Pharmaceutical Companies
• Individuals
• Insurance Providers

By Region

• North America (U.S., Canada, Mexico, Rest of North America)
• Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
• Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
• Latin America (Brazil, Argentina, Rest of Latin America)

 Report Coverage

Table of Contents

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Note: This ToC is tentative and can be changed according to the research study conducted during the course of report completion

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Global Digital Health Market

By Components

By Technology

By Application

By End User

By Region

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The Niche Research approach encompasses both primary and secondary research methods to provide comprehensive insights. While primary research is the cornerstone of our studies, we also incorporate secondary research sources such as company annual reports, premium industry databases, press releases, industry journals, and white papers.

Within our primary research, we actively engage with various industry stakeholders, conducting paid interviews and surveys. Our meticulous analysis extends to every market participant in major countries, allowing us to thoroughly examine their portfolios, calculate market shares, and segment revenues.

Our data collection primarily focuses on individual countries within our research scope, enabling us to estimate regional market sizes. Typically, we employ a bottom-up approach, meticulously tracking trends in different countries. We analyze growth drivers, constraints, technological innovations, and opportunities for each country, ultimately arriving at regional figures.Our process begins by examining the growth prospects of each country. Building upon these insights, we project growth and trends for the entire region. Finally, we utilize our proprietary model to refine estimations and forecasts.

Our data validation standards are integral to ensuring the reliability and accuracy of our research findings. Here’s a breakdown of our data validation processes and the stakeholders we engage with during our primary research:

• Supply Side Analysis: We initiate a supply side analysis by directly contacting market participants, through telephonic interviews and questionnaires containing both open-ended and close-ended questions. We gather information on their portfolios, segment revenues, developments, and growth strategies.
• Demand Side Analysis: To gain insights into adoption trends and consumer preferences, we reach out to target customers and users (non-vendors). This information forms a vital part of the qualitative analysis section of our reports, covering market dynamics, adoption trends, consumer behavior, spending patterns, and other related aspects.
• Consultant Insights: We tap into the expertise of our partner consultants from around the world to obtain their unique viewpoints and perspectives. Their insights contribute to a well-rounded understanding of the markets under investigation.
• In-House Validation: To ensure data accuracy and reliability, we conduct cross-validation of data points and information through our in-house team of consultants and utilize advanced data modeling tools for thorough verification.

The forecasts we provide are based on a comprehensive assessment of various factors, including:

• Market Trends and Past Performance (Last Five Years): We accurately analyze market trends and performance data from preceding five years to identify historical patterns and understand the market’s evolution.
• Historical Performance and Growth of Market Participants: We assess the historical performance and growth trajectories of key market participants. This analysis provides insights into the competitive landscape and individual company strategies.
• Market Determinants Impact Analysis (Next Eight Years): We conduct a rigorous analysis of the factors that are projected to influence the market over the next eight years. This includes assessing both internal and external determinants that can shape market dynamics.
• Drivers and Challenges for the Forecast Period:Identify the factors expected to drive market growth during the forecast period, as well as the challenges that the industry may face. This analysis aids in deriving an accurate growth rate projection.
• New Acquisitions, Collaborations, or Partnerships: We keep a close watch on any new acquisitions, collaborations, or partnerships within the industry. These developments can have a significant impact on market dynamics and competitiveness.
• Macro and Micro Factors Analysis:A thorough examination of both macro-level factors (e.g., economic trends, regulatory changes) and micro-level factors (e.g., technological advancements, consumer preferences) that may influence the market during the forecast period.
• End-User Sentiment Analysis: To understand the market from the end-user perspective, we conduct sentiment analysis. This involves assessing the sentiment, preferences, and feedback of the end-users, which can provide valuable insights into market trends.
• Perspective of Primary Participants: Insights gathered directly from primary research participants play a crucial role in shaping our forecasts. Their perspectives and experiences provide valuable qualitative data.
• Year-on-Year Growth Trend: We utilize a year-on-year growth trend based on historical market growth and expected future trends. This helps in formulating our growth projections, aligning them with the market’s historical performance.

Research process adopted by TNR involves multiple stages, including data collection, validation, quality checks, and presentation. It’s crucial that the data and information we provide add value to your existing market understanding and expertise. We have also established partnerships with business consulting, research, and survey organizations across regions and globally to collaborate on regional analysis and data validation, ensuring the highest level of accuracy and reliability in our reports.