Digital Health Market Report and Forecast 2023-2031

The global digital health market value in 2022 was USD 227.5 billion driven by the rising demand of growing demand for remote healthcare services across the globe. The market size is anticipated to grow at a CAGR of 16.1% during the forecast period of 2023-2031 to achieve a value of USD 872.2 billion by 2031.

Digital Health Introduction

Digital health is a rapidly growing field at the intersection of healthcare and technology, aiming to enhance patient care, improve health outcomes, and reduce healthcare costs. With advancements in technologies such as artificial intelligence, big data, telemedicine, and wearable devices, digital health is transforming the way healthcare is delivered and managed. The global digital health market encompasses a broad range of applications, including electronic health records (EHRs), telehealth, mobile health (mHealth), health analytics, and personalized medicine.

Digital Health Market Scenario

North America is currently the largest market for digital health, followed by Europe, due to factors such as a well-developed healthcare infrastructure, widespread adoption of digital health technologies, and favorable government policies. However, the Asia-Pacific region is expected to witness the highest growth rate, driven by factors such as increasing internet penetration, growing demand for quality healthcare, and rising government support for digital health initiatives.

Despite the growth and potential of the digital health market, there are challenges such as data privacy concerns, cybersecurity threats, and regulatory hurdles. Additionally, the integration of digital health technologies into existing healthcare systems and the need for user-friendly solutions pose further challenges. However, these challenges also present opportunities for innovation and improvement in digital health technologies and their adoption across the healthcare sector.

Digital Health Market Segmentations

Market Breakup by Product and Services

mHealth

By Type
mHealth Apps
Healthcare Apps
Medication Management Apps
mHealth Devices
Blood Glucose Monitors
Cardiac Monitors
Hemodynamic Monitors
Neurological Monitors
Respiratory Monitors
Body and Temperature Monitors
Remote Patient Monitoring Devices
Other Devices

mHealth Services

Treatment Services
Independent Aging Solutions
Chronic Disease Management
Diagnostic Services
Monitoring Services
Remote Patient Monitoring Devices
Medical Call Centers Manned by Healthcare Professionals
Teleconsultation
Post Acute Care Services
Wellness and Fitness Solutions
Other Services

eHealth

By Type
Electric Health Records
Laboratory Information System
Telehealth
Prescribing Solutions
Medical Apps
Clinical Decision Systems (CDSS)
Pharmacy Information Systems
Others

Market Breakup by Components

Software
Hardware
Services

Market Breakup by Applications

Cardiology
Diabetes
Neurology
Sleep Apnea
Oncology
Others

Market Breakup by End User

Healthcare Providers
Healthcare Consumers
Payers
Others

Market Breakup by Region

North America

United States of America
Canada

Europe

United Kingdom
Germany
France
Italy
Others

Asia Pacific

China
Japan
India
ASEAN
Australia
Others

Latin America

Brazil
Argentina
Mexico
Others

Middle East and Africa

Saudi Arabia
United Arab Emirates
Nigeria
South Africa
Others

Key Drivers of the Digital Health Market
The growth of the digital health market is driven by factors such as:

Increasing adoption of smartphones, wearable devices, and IoT in healthcare
Growing demand for remote healthcare services, particularly during the COVID-19 pandemic
The shift towards value-based and patient-centered care models
Investments and funding from both public and private sectors to support digital health initiatives
An aging global population and the rising prevalence of chronic diseases, requiring more efficient healthcare management

Digital Health Market: Competitor Landscapes
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

Koninklijke Philips N.V
Abbott
Medtronic
Apple, Inc
AirStrip Technologies Inc
AliveCor India
Omron Corporation
BioTelemetry, a Philips Company
Athenahealth, Inc
AgaMatrix
Withings
iHealth Labs, Inc
Cerner Corporation
ZTE Corporation
Cisco Systems, Inc
AT&T Intellectual Property
Qualcomm Technologies, Inc

1 Preface

1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology

2 Executive Summary

3 Global Digital Health Market Overview

3.1 Global Digital Health Market Historical Value (2016-2022)
3.2 Global Digital Health Market Forecast Value (2023-2031)

4 Global Digital Health Market Landscape

4.1 Global Digital Health Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Digital Health Product Landscape
4.2.1 Analysis by Product and Services
4.2.2 Analysis by Applications
4.2.3 Analysis by End User

5 Global Digital Health Market Dynamics

5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis

6 Global Digital Health Market Segmentation

6.1 Global Digital Health Market by Product and Services
6.1.1 Market Overview
6.1.2 mHealth
6.1.2.1 mHealth Apps
6.1.2.1.1 Healthcare Apps
6.1.2.1.2 Medication Management Apps
6.1.2.2 mHealth Devices
6.1.2.2.1 Blood Glucose Monitors
6.1.2.2.2 Cardiac Monitors
6.1.2.2.3 Hemodynamic Monitors
6.1.2.2.4 Neurological Monitors
6.1.2.2.5 Respiratory Monitors
6.1.2.2.6 Body and Temperature Monitors
6.1.2.2.7 Remote Patient Monitoring Devices
6.1.2.2.8 Other Devices
6.1.2.3 mHealth Services
6.1.2.3.1 Treatment Services
6.1.2.3.1.1 Independent Aging Solutions
6.1.2.3.1.2 Chronic Disease Management
6.1.2.3.2 Monitoring Services
6.1.2.3.2.1 Remote Patient Monitoring
6.1.2.3.2.2 Medical Call Centers
6.1.2.3.2.3 Teleconsultation
6.1.2.3.2.4 Post Acute Care Services
6.1.2.3.3 Diagnostic Services
6.1.2.3.4 Wellness and Fitness Solutions
6.1.2.3.5 Other Services
6.1.3 eHealth
6.1.3.1 Electric Health Records
6.1.3.2 Laboratory Information System
6.1.3.3 Telehealth
6.1.3.4 Prescribing Solutions
6.1.3.5 Medical Apps
6.1.3.6 Clinical Decision Systems (CDSS)
6.1.3.7 Pharmacy Information Systems
6.1.3.8 Others
6.2 Global Digital Health Market by Components
6.2.1 Market Overview
6.2.2 Software
6.2.3 Hardware
6.2.4 Services
6.3 Global Digital Health Market by Applications
6.3.1 Market Overview
6.3.2 Cardiology
6.3.3 Diabetes
6.3.4 Neurology
6.3.5 Sleep Apnea
6.3.6 Oncology
6.3.7 Others
6.4 Global Digital Health Market by End User
6.4.1 Market Overview
6.4.2 Healthcare Providers
6.4.3 Healthcare Consumers
6.4.4 Payers
6.4.5 Others
6.5 Global Digital Health Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa

7 North Digital Health Market

7.1 Market Share by Country
7.2 United States of America
7.3 Canada

8 Europe Digital Health Market

8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others

9 Asia Pacific Digital Health Market

9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others

10 Latin America Digital Health Market

10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others

11 Middle East and Africa Digital Health Market

11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others

12 Patent Analysis

12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players

13 Grants Analysis

13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization

14 Funding Analysis

14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography

15 Partnership and Collaborations Analysis

15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography

16 Regulatory Framework

16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others

17 Supplier Landscape

17.1 Koninklijke Philips N.V.
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Abbott
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Medtronic
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Apple, Inc.
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 AirStrip Technologies Inc.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 AliveCor India
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Omron Corporation
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 BioTelemetry, a Philips Company
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Athenahealth, Inc.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 AgaMatrix
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Withings
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 iHealth Labs, Inc.
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Cerner Corporation
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
17.14 ZTE Corporation
17.14.1 Financial Analysis
17.14.2 Product Portfolio
17.14.3 Demographic Reach and Achievements
17.14.4 Mergers and Acquisitions
17.14.5 Certifications
17.15 Cisco Systems, Inc.
17.15.1 Financial Analysis
17.15.2 Product Portfolio
17.15.3 Demographic Reach and Achievements
17.15.4 Mergers and Acquisitions
17.15.5 Certifications
17.16 AT&T Intellectual Property
17.16.1 Financial Analysis
17.16.2 Product Portfolio
17.16.3 Demographic Reach and Achievements
17.16.4 Mergers and Acquisitions
17.16.5 Certifications
17.17 Qualcomm Technologies, Inc.
17.17.1 Financial Analysis
17.17.2 Product Portfolio
17.17.3 Demographic Reach and Achievements
17.17.4 Mergers and Acquisitions
17.17.5 Certifications

18 Global Digital Health Market- Distribution Model (Additional Insight)

18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment

19 Key Opinion Leaders (KOL) Insights (Additional Insight)

20 Company Competitiveness Analysis (Additional Insight)

20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies

21 Payment Methods (Additional Insight)

21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket

Companies Mentioned

Koninklijke Philips N.V.
Abbott
Medtronic
Apple, Inc.
Airstrip Technologies Inc.
Alivecor India
Omron Corporation
Biotelemetry, a Philips Company
Athenahealth, Inc.
Agamatrix
Withings
Ihealth Labs, Inc.
Cerner Corporation
Zte Corporation
Cisco Systems, Inc.
At&T Intellectual Property
Qualcomm Technologies, Inc.

Methodology

LOADING...

Table Information

Report Attribute	Details
No. of Pages	147
Published	May 2023
Forecast Period	2023 - 2031
Estimated Market Value ( USD ) in 2023	$ 263.7 Billion
Forecasted Market Value ( USD ) by 2031	$ 872.2 Billion
Compound Annual Growth Rate	16.1%
Regions Covered	Global
No. of Companies Mentioned	17

License	Format	Properties	Price
SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€5709EUR$5,999USD£4,793GBP
SITE LICENSE PDF	The product is a PDF.	This is a site license, allowing all users within a given geographical location of your organization access to the product.	€7613EUR$7,999USD£6,390GBP
ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€9516EUR$9,999USD£7,988GBP