Global Digital Health Market
The Global Digital Health Market was valued at USD 94.6 billion in 2020 which expected to reach USD 545.23 billion at a CAGR 14.8% from 2020-2030.
Digital health is defined as an application of modern technologies & digital services to improve the health & medical condition of an individual. The field has managed to help patients in monitoring as well as managing their well-being and health conditions & reducing overall healthcare costs. Digital health enables medical practitioners to diagnose the disease early & therefore offers better treatment to the patients.
Market Drivers
The digital health market is majorly boosted by the increase in adoption of big data in healthcare industry, the rise in use of EHR and EMR systems. Also, the increase in cases of obesity, growing prevalence of chronic diseases, such as Cardiovascular disorders, and Diabetes, rise in need for remote patient monitoring services, and growing patient engagement and connectivity due to high adoption of digital health technology are major driving factors promoting the global digital health market over the forecast period.
The increase in trend of preventive healthcare along with increasing funding for various mHealth startups is expected to accelerate the global digital health market growth throughout the forecast period. The growing number of patients suffering from conditions requiring long term care including cancer, diabetes, Alzheimer’s disease, and cardiovascular disorders is also propelling the global digital health market.
Market Restraints
Growing security concerns regarding the patient data is the major restraining factor which expected to hinder the growth of global digital health market. Also, high capital expenditure and maintenance requirement may hamper the market growth.
Market Segmentation
The Global Digital Health Market is segmented into technology such as Wearable Technology, Mobile Health Technology, Telehealth Technology, and Others, by component such as Hardware, Software, and Services. Further, market is segmented into end user such as Hospitals and Clinics, and Homecare.
Regional Analysis
Also, the Global Digital Health Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America region is expected to hold largest market share in the overall digital health market, due to the advancements in coverage networks, the increase in adoption of smartphones, and surge in demand for tele-healthcare services are boosting the market growth in the region. Further, the APAC region is expected to be the fastest growing region due to the increase in smartphone penetration, rising adoption of smart wearable devices as well as surge in demand for EMRs and EHRs are contributing to the growth of the regional market.
Key Players
Various key players are listed in this market such as Cerner Corporation, AT&T, QSI Management, LLC, Mckesson Corporation, AirStrip Technologies, Google, Inc., Samsung Electronics Co., Ltd., IBM Corporation, CISCO Systems, Inc., Qualcomm Technologies, Inc., etc.
Market Taxonomy
By Technology
By Component
By End User
By Region
Key Questions Addressed by the Report
Global Digital Health Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Digital Health Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Digital Health Market, By Technology
5.1 Y-o-Y Growth Comparison, By Technology
5.2 Global Digital Health Market Share Analysis, By Technology
5.3 Global Digital Health Market Size and Forecast, By Technology
5.3.1 Wearable Technology
5.3.2. Mobile Health Technology
5.3.3. Telehealth Technology
5.3.4 Others
6 Global Digital Health Market, By Component
6.1 Y-o-Y Growth Comparison, By Component
6.2 Global Digital Health Market Share Analysis, By Component
6.3 Global Digital Health Market Size and Forecast, By Component
6.3.1 Hardware
6.3.2 Software
6.3.3. Services
7 Global Digital Health Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Digital Health Market Share Analysis, By End User
7.3 Global Digital Health Market Size and Forecast, By End User
7.3. 1 Hospitals and Clinics
7.3.2. Homecare
8 Global Digital Health Market, By Region
8.1 Global Digital Health Market Share Analysis, By Region
8.2 Global Digital Health Market Share Analysis, By Region
8.3 Global Digital Health Market Size and Forecast, By Region
9 North America Digital Health Market Analysis and Forecast (2021-2030)
9.1 Introduction
9.2 North America Digital Health Market Share Analysis, By Technology
9.3 North America Digital Health Market Size and Forecast, By Component
9.4 North America Digital Health Market Size and Forecast, By End User
9.5 North America Digital Health Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Digital Health Market Analysis and Forecast (2021-2030)
10.1 Introduction
10.2 Europe Digital Health Market Share Analysis, By Technology
10.3 Europe Digital Health Market Size and Forecast, By Component
10.4 Europe Digital Health Market Size and Forecast, By End User
10.5 Europe Digital Health Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Digital Health Market Analysis and Forecast (2021-2030)
11.1 Introduction
11.2 Asia Pacific Digital Health Market Share Analysis, By Technology
11.3 Asia Pacific Digital Health Market Size and Forecast, By Component
11.4 Asia Pacific Digital Health Market Size and Forecast, By End User
11.5 Asia Pacific Digital Health Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Digital Health Market Analysis and Forecast (2021-2030)
12.1 Introduction
12.2 Latin America Digital Health Market Share Analysis, By Technology
12.3 Latin America Digital Health Market Size and Forecast, By Component
12.4 Latin America Digital Health Market Size and Forecast, By End User
12.5 Latin America Digital Health Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Digital Health Market Analysis and Forecast (2021-2030)
13.1 Introduction
13.2 Middle East Digital Health Market Share Analysis, By Technology
13.3 Middle East Digital Health Market Size and Forecast, By Component
13.4 Middle East Digital Health Market Size and Forecast, By End User
13.5 Middle East Digital Health Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Cerner Corporation
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. AT&T
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. QSI Management, LLC
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Mckesson Corporation
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 AirStrip Technologies
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Google, Inc
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Samsung Electronics Co., Ltd
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 IBM Corporation
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 CISCO Systems, Inc
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Qualcomm Technologies, Inc
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
