Digital Health Market

Digital Health Market by Technology (Telehealthcare, mHealth, Health Analytics, Digital Health Systems, and Others), Components (Hardware, Software, and Services), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast Forecasts, 2021-2028

  • Report ID: HC-4011
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 177
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The global digital health market size is anticipated to expand at substantial CAGR during the forecast period, between 2021 and 2028. The market growth is attributed to rising process of digitalization in the healthcare industry and wide spending on development of advanced healthcare infrastructure.


Digital Health Market key takeaways

Digital health or healthcare include a range of integrated technology and services that facilitate easy communication process between medical professional and patients or better decision making for treatment. It allows patients to establish easy connection with doctors for various medical advice without the need for visiting hospitals or meeting them personally in clinics. Moreover, the technology primarily store all information regarding the health issues of a patient and keep personalized data for the patient, which can be easily accessed by doctors whenever needed using the digital platforms. Several equipment, services, and tools including smartphone applications, wearables, telemedicine, and Virtual & Augmented Reality are required to offer effective functioning of the technology. The digital health sector broadly includes digital care programs, technologies related to healthcare services, and an enhanced system for the healthcare delivery. Moreover, the digital health system allows to improve healthcare service by providing quality solutions and better treatment methods for the overall wellbeing of a patient.

Market Trends, Drivers, Restraints, and Opportunities:

  • Increasing use of smartphones, tablets, and other online platforms for communication between patients and medical professionals are expected to fuel the market during the forecast period.
  • Growing government initiative for expanding the healthcare sector at digital level and rising adoption of digital platforms in hospitals and clinics are projected to drive the market in the coming years.
  • Rising number of the global population, growing incidences of life threatening diseases, and increasing demand for advanced healthcare facilities are expected to spur the market during the projected timeline.
  • Security and privacy concerns regarding the data of patients, requirement of high capital expenditure, and expensive maintenance are major challenges expected to hamper the market growth.
  • Growing healthcare IT infrastructure in industrialized nations is anticipated to provide lucrative opportunities for market players during the forecast period.

Scope of the report:

The report on the global digital health market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Digital Health Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Technology (Telehealthcare, mHealth, Health Analytics, Digital Health Systems, and Others) and Components (Hardware, Software, and Services)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Agfa-Gevaert N.V.; Cerner Corporation; Allscripts Healthcare Solutions, Inc.; McKesson Corporation; Philips Healthcare; GE Healthcare; Siemens Healthineers; and Epic Systems Corporation

 

Global Digital Health Market Segment Insights:

Telehealthcare segment is projected to hold large market share

On the basis of technology, the digital health market is segmented into telehealthcare, mHealth, health analytics, digital health systems, and others. The telehealthcare segment is projected to hold large market share during the forecast period owing to increasing demand for efficient management of workflows in healthcare organizations and rising consumption of reliable healthcare technologies. However, the health analytics segment is anticipated to expand at a significant rate due to the growing demand for the safety of both patients and healthcare providers.


Digital Health Market by taxonomy

Software segment is anticipated to grow at a significant rate

Based on components, the market is segregated into hardware, software, and services. The software segment is anticipated to grow at a significant rate in the coming years owing to the increasing demand for smartwatches and rising demand for track services providing software. Furthermore, the rising technological advancements, growing new product launches, and rising research and development activities for advanced software development are some key factors driving the segment. On the other hand, the services segment is projected to expand at a considerable rate due to the availability of several healthcare applications and growing adoption of advanced services by physicians and patients.

North America is expected to dominate the market share

In terms of regions, the digital health market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market share owing to the availability of well-established healthcare sector in the region. Moreover, the rising disposable income, growing venture capital investments, and increasing health disorders among geriatric population are some key factors anticipated to expand the market in the coming years. The market in Asia Pacific, however, is projected to expand at a significant CAGR during the forecast period due to the growing population, rising urbanization, and increasing demand for remote patient monitoring services in the region.


Digital Health Market by regions

Segments

Segments Covered in the Report
The global digital health market has been segmented on the basis of

Technology

  • Telehealthcare
  • mHealth
  • Health Analytics
  • Digital Health Systems
  • Others
Components
  • Hardware
  • Software
  • Services
Regions
  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa
Key Players
  • Agfa-Gevaert N.V.
  • Cerner Corporation
  • Allscripts Healthcare Solutions, Inc.
  • McKesson Corporation
  • Philips Healthcare
  • GE Healthcare
  • Siemens Healthineers
  • Epic Systems Corporation

Competitive Landscape

Key players in the global digital health market are Agfa-Gevaert N.V.; Cerner Corporation; Allscripts Healthcare Solutions, Inc.; McKesson Corporation; Philips Healthcare; GE Healthcare; Siemens Healthineers; and Epic Systems Corporation. The companies are engaged in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Digital Health Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Digital Health Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Digital Health Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Digital Health Market - Supply Chain
  4.5. Global Digital Health Market Forecast
     4.5.1. Digital Health Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Digital Health Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Digital Health Market Absolute $ Opportunity
5. Global Digital Health Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Digital Health Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Digital Health Demand Share Forecast, 2019-2026
6. North America Digital Health Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Digital Health Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Digital Health Demand Share Forecast, 2019-2026
7. Latin America Digital Health Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Digital Health Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Digital Health Demand Share Forecast, 2019-2026
8. Europe Digital Health Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Digital Health Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Digital Health Demand Share Forecast, 2019-2026
9. Asia Pacific Digital Health Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Digital Health Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Digital Health Demand Share Forecast, 2019-2026
10. Middle East & Africa Digital Health Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Digital Health Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Digital Health Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Digital Health Market: Market Share Analysis
  11.2. Digital Health Distributors and Customers
  11.3. Digital Health Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Agfa-Gevaert N.V.
     11.4.2. Cerner Corporation
     11.4.3. Allscripts Healthcare Solutions, Inc.
     11.4.4. McKesson Corporation
     11.4.5. Philips Healthcare
     11.4.6. GE Healthcare
     11.4.7. Siemens Healthineers

Segments Covered in the Report
The global digital health market has been segmented on the basis of

Technology

  • Telehealthcare
  • mHealth
  • Health Analytics
  • Digital Health Systems
  • Others
Components
  • Hardware
  • Software
  • Services
Regions
  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa
Key Players
  • Agfa-Gevaert N.V.
  • Cerner Corporation
  • Allscripts Healthcare Solutions, Inc.
  • McKesson Corporation
  • Philips Healthcare
  • GE Healthcare
  • Siemens Healthineers
  • Epic Systems Corporation

Key players in the global digital health market are Agfa-Gevaert N.V.; Cerner Corporation; Allscripts Healthcare Solutions, Inc.; McKesson Corporation; Philips Healthcare; GE Healthcare; Siemens Healthineers; and Epic Systems Corporation. The companies are engaged in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Digital Health Market by key players

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