Digital Health Market Research Report 2024-2030 By Players, Regions, Types & Applications
Digital
Health Industry Overview
The global digital health market size was estimated at USD 240.9
billion in 2023 and is projected to grow at a compound annual growth (CAGR) of
21.9% from 2024 to 2030. The market is driven by several factors, such as a
strong domestic market for telehealthcare platform developers, mHealth app
providers, wearable device manufacturers, and e-prescription systems.
Moreover, the healthcare industry exhibits high growth potential
for the IT industry due to supportive government initiatives across all
regions. The growing trend of preventive healthcare & the rise in funding
for mHealth startups are other factors boosting the market.
Gather more
insights about the market drivers, restrains and growth of the Digital Health Market
The rising incidence of chronic conditions such as diabetes, heart
disease, and cancer is fueling the demand for remote monitoring and management
solutions. Digital health tools can help patients track their health, adhere to
treatment plans, and communicate with healthcare providers more effectively.
Global
Digital Health Market Report Segmentation
This report forecasts revenue growth at global, regional, and
country levels and provides an analysis of the latest trends in each of the
segments from 2018 to 2030. For this study, Grand View Research, Inc. has
segmented the global digital health market report on the basis of technology,
component, application, end-use, and region:
Technology
Outlook (Revenue, USD Million, 2018 - 2030)
·
Tele-healthcare
o
Tele-care
o
Activity Monitoring
o
Remote Medication Management
o
Tele-health
o
LTC Monitoring
o
Video Consultation
·
mHealth
o
Wearables & Connected Medical Devices
o
Vital Sign Monitoring Devices
o
Heart Rate Monitors
o
Activity Monitors
o
Electrocardiographs
o
Pulse Oximeters
o
Spirometers
o
Blood Pressure Monitors
o
Others
o
Sleep Monitoring Devices
o
Sleep trackers
o
Wrist Actigraphs
o
Polysomnographs
o
Others
o
Electrocardiographs Fetal & Obstetric Devices
o
Neuromonitoring Devices
o
Electroencephalographs
o
Electromyographs
o
Others
o
mHealth Apps
o
Medical Apps
o
Women's Health
o
Fitness & Nutrition
o
Menstrual Health
o
Pregnancy Tracking & Postpartum Care
o
Menopause
o
Disease Management
o
Others
o
Chronic Disease Management Apps
o
Diabetes Management Apps
o
Blood Pressure & ECG Monitoring Apps
o
Mental Health Management Apps
o
Cancer Management Apps
o
Obesity Management Apps
o
Other Chronic Disease Management Apps
o
Personal Health Record Apps
o
Medication Management Apps
o
Diagnostic Apps
o
Remote Monitoring Apps
o
Others (Pill Reminder, Medical Reference, Professional Networking,
Healthcare Education)
o
Fitness Apps
o
Services
o
Monitoring Services
o
Independent Aging Solutions
o
Chronic Disease Management & Post-Acute Care Services
o
Diagnosis Services
o
Healthcare Systems Strengthening Services
o
Others
·
Digital Health Systems
o
EHR
o
E-prescribing Systems
·
Healthcare Analytics
Component
Outlook (Revenue, USD Million, 2018 - 2030)
·
Software
·
Hardware
·
Services
Application
Outlook (Revenue, USD Million, 2018 - 2030)
·
Obesity
·
Diabetes
·
Cardiovascular
·
Respiratory Diseases
·
Others
End-use
Outlook (Revenue, USD Million, 2018 - 2030)
·
Patients
·
Providers
·
Payers
·
Others
Regional
Outlook (Revenue, USD Million, 2018 - 2030)
·
North America
o
US
o
Canada
·
Europe
o
UK
o
Germany
o
France
o
Italy
o
Spain
o
Sweden
o
Denmark
o
Norway
·
Asia Pacific
o
China
o
India
o
Japan
o
Australia
o
South Korea
o
Singapore
·
Latin America
o
Brazil
o
Mexico
o
Argentina
·
MEA
o
South Africa
o
Saudi Arabia
o
UAE
o
Kuwait
Browse
through Grand View Research's Healthcare IT Industry Research Reports.
• The global computerized
physician order entry market size was valued at USD 1.94 billion in 2023 and is projected to
grow at a CAGR of 6.3% from 2024 to 2030.
• The global healthcare
cloud computing market size was valued at USD 19.6 billion in 2023 and is projected to
grow at a CAGR of 12.7% from 2024 to 2030.
Key Digital
Health Company Insights
Key players are adopting new product development, partnership, and
merger & acquisition strategies to increase their market share. Apple,
Inc., Google, Inc., and Qualcomm Technologies, Inc. are market leaders with a
presence in more than 30 countries, including headquarters, manufacturing
sites, distribution centers, and office locations. The Apple App Store features
over 40,000 apps in the healthcare segment. In March 2023, to improve digital
health, Apple Inc. announced plans to upgrade AirPods by adding ambient light
sensors with health tracking features, including motion detectors, temperature
monitors, blood oxygen level, and perspiration & heart rate, by 2025. In
addition, H2O Therapeutics, a Turkey-based startup, received U.S. FDA clearance
for its Parky app. This Apple Watch app monitors Parkinson’s disease symptoms,
such as dyskinesia and tremors. Furthermore, Samsung Electronics Co. Ltd.,
Qualcomm Technologies, Inc., and Vodafone Group Plc. are the emerging market
players.
Key Digital
Health Companies:
The following are the leading companies in the digital health
market. These companies collectively hold the largest market share and dictate
industry trends
·
Telefónica S.A.
·
Epic Systems Corporation
·
QSI Management, LLC
·
AT&T
·
AirStrip Technologies
·
Google, Inc.
·
Hims & Hers Health, Inc.
·
Orange
·
Softserve
·
Computer Programs and Systems, Inc.
·
Vocera Communications
·
IBM Corporation
·
CISCO Systems, Inc.
·
Apple Inc.
·
Oracle Cerner
·
Veradigm
·
Mckesson Corporation
·
Hims & Hers Health, Inc.
·
Vodafone Group
·
Qualcomm Technologies, Inc.
·
Samsung Electronics Co., Ltd.
Recent
Developments
In April 2023, Microsoft collaborated with Epic Systems
Corporation to integrate AI into EHR, enabling healthcare practitioners to
improve their productivity and patient communication with AI-enabled solutions
In March 2023, BlueRock Therapeutics LP entered a collaboration
with Emerald Innovations and Rune Labs with a major focus on innovations using
contactless & invisible, wearable digital health technology to improve
monitoring of Parkinson's disease
In March 2023, Google launched Open Health Stack, an open-source
program for developers to build health-related apps by including strategies,
such as AI partnerships focusing on cancer screening
In March 2023, Nabla Technologies launched Copilot, a digital
assistant tool, as a Chrome extension using GPT-3 for doctors to make patients'
conversations turn into action
In March 2022, Samsung unveiled its latest innovation, a smart
healthcare TV and advanced digital health solutions for healthcare facilities,
at the Healthcare Information and Management Systems Society (HIMSS) Global
Conference in Florida. Furthermore, Samsung and ShareSafe partnered to develop
a secure solution for casting from mobile devices to Samsung Smart Healthcare
TV
In March 2022, Epic Systems Corporation launched Garden Plot,
which provides small independent healthcare groups access to Epic software
solutions and an interoperability network
In March 2022, Vocera Communications, a part of Stryker,
introduced Minibadge. This compact, portable, voice-driven wearable device
integrates with clinical and operational workflows of healthcare facilities
& enables hands-free communication.
Order a free sample PDF of the Digital
Health Market Intelligence Study, published by Grand View Research.
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