Digital Health Platforms Market by Component (Services, Hardware, and Software), Technology (Tele Consultation [Telehealth, Telemedicine, and Telecare], Health Analytics, mHealth [Wearables and Apps], eHealth [Electronic Health Records and E-prescription Systems]), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The digital health platforms market size was valued at nearly USD 210 Bn in 2022 and is anticipated to reach USD 967.5 Bn by 2031, expanding at a CAGR of 18.5% during the forecast period, 2023 – 2031. The growth of the market is attributed to the rise in chronic diseases and advancements in IT infrastructure in the form of internet connectivity and smart devices.
Digital health platforms are tools that provide essential, classified, and insightful data of patient health and medical history. A holistic view of a patient is provided by digital health platforms to healthcare professionals. Sensors, connectivity, computing platforms, and software make up digital health technologies.
Digital health platforms provide support to physicians through artificial intelligence and machine learning. Such support is backed by clinical data analytics and algorithms. Patients are able to get easy access and consultations for their health problems without the risk of travelling to far off medical centers.
Healthcare platforms assist medical professionals reduce diagnostic work burden and the burden on health facilities such as hospitals, scanning centers, and clinics. This aids in improving treatment quality provided to patients and the prognosis of health concerns. Digital health platforms pioneer the concept of self-care by patients and provide them with multiple medical consultation options.
The market report finds that the COVID-19 pandemic propelled the digital health platforms market due to lockdown restrictions. This prospered the use of digital platforms for consulting with healthcare professionals. Real time consultations and medical advice was sought through online appointments with doctors and health specialists through video consultation and medical apps and website access.
Digital Health Platforms Market Dynamics
Major Drivers
Growing demand for on-the-go healthcare applications for mobiles, laptops, and tablets are driving the digital health platforms market. Mobile app developments have provided easy access for patients to several healthcare professionals in one go, which is expected to fuel market developments.
Existing Restraints
High initial investments for setting up IT infrastructure with adequate data storage and room for platform developments is likely to discourage the adoption of digital health platforms. This, in turn, is estimated to hamper the market.
Emerging Opportunities
Growing need for creating electronic health records, as per the directives of governments around the world are providing a significant market opportunities in the market. Creation od digital databases of clinical data of patients is anticipated to provide development opportunities for the digital health platforms market.
Scope of Digital Health Platforms Market Report
The report on the global digital health platforms market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Digital Health Platforms Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2022 |
|
Historic Data |
2016 – 2021 |
|
Forecast Period |
2023–2031 |
|
Segmentation |
Component (Services, Hardware, and Software), and Technology (Tele Consultation [Telehealth, Telemedicine, and Telecare], Health Analytics, mHealth [Wearables and Apps], and eHealth [Electronic Health Records and E-prescription Systems]) |
|
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 |
AirStrip Technologies; Samsung Electronics Co., Ltd.; MQure; Qualcomm Technologies, Inc.; Softserve; Cerner Corporation (Oracle); Telefónica S.A.; Mckesson Corporation; Epic Systems Corporation; QSI Management, LLC; Computer Programs and Systems, Inc.; Vocera Communications; IBM Corporation; CISCO Systems, Inc.; HiMS; Orange; Google, Inc.; Allscripts; and Apple, Inc. |
Digital Health Platforms Market Segment Insights
Based on the component, market is divided into services, hardware, and software. The services segment is expected to expand at a significant growth rate during the projection period, owing to the increasing demand for staffing, maintenance, installation, and training services. Several types of pre-installation and post-installation services are provided by services providers in individual forms or packages, which is expected to drive the segment.
The software segment is anticipated to hold a key share of the market, due to the growing demand for development of a single application platforms for healthcare service providers, patients, clinics, hospitals, and third-party users such as health and medical insurance payers. Artificial intelligence and machine learning embedded healthcare systems enhance the development of personalized patient data, thus boosting the segment in the projection period.
On the basis of the technology, the digital health platforms market is divided into tele consultation, health analytics, mHealth, and eHealth segments. The tele consultation segment is expected to hold a dominant share of the market during the forecast period owing to the growing use of telehealth and telemedicine services.
Telehealth and telemedicine services make use of gathered patient information and implement it in providing personalized recommendations and remedies for health issues faced by individuals. Consultation mediums for patient include smart gadgets and computers connected to reliable data streams.
The health analytics segment is expected to expand exponentially in the coming years owing to the integration of analytical platforms such as big data and analytical software with medical records. Insightful mining of data is possible through health analytics in the form of better identification of risk population, collating test results, and readmission rates, which is anticipated to propel the segment.
In terms of region, the global digital health platforms market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period owing to the introduction of healthcare infrastructure upgradation to include technologies such as smart wearables, mobile apps, and telemedicine services in particular.
Rising geriatric population in North America and increased spending capabilities have aided the penetration of digital health platforms. Remote access and medical consultation for chronic diseases due to the rising healthcare costs is expected to fuel the market in North America.
The market of Asia Pacific is projected to grow at a rapid pace in the coming years, owing to the growing use of eHealth platforms due to limited healthcare facilities available in comparison to the patient population. Easing of stress on public and private medical facilities is seen through the increasing use of digital health platforms, which is likely to propel the market in North America.
Segments
The global digital health platforms market has been segmented on the basis of
Component
- Services
- Hardware
- Software
Technology
- Tele Consultation
- Telehealth
- Telemedicine
- Telecare
- Health Analytics
- mHealth
- Wearables
- Apps
- eHealth
- Electronic Health Records
- E-prescription Systems
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- AirStrip Technologies
- Samsung Electronics Co., Ltd.
- MQure
- Qualcomm Technologies, Inc.
- Softserve
- Cerner Corporation (Oracle)
- Telefónica S.A.
- Mckesson Corporation
- Epic Systems Corporation
- QSI Management, LLC
- Computer Programs and Systems, Inc.
- Vocera Communications
- IBM Corporation
- CISCO Systems, Inc.
- HiMS
- Orange
- Google, Inc.
- Allscripts
- Apple, Inc.
Competitive Landscape
Key players competing in the global digital health platforms market are AirStrip Technologies; Samsung Electronics Co., Ltd.; MQure; Qualcomm Technologies, Inc.; Softserve; Cerner Corporation (Oracle); Telefónica S.A.; Mckesson Corporation; Epic Systems Corporation; QSI Management, LLC; Computer Programs and Systems, Inc.; Vocera Communications; IBM Corporation; CISCO Systems, Inc.; HiMS; Orange; Google, Inc.; Allscripts; and Apple, Inc.
These companies use development strategies including mergers, acquisitions, partnerships, collaboration, and product launches to expand their consumer base worldwide. The competitive landscape covers key insights into growth strategies adopted by major market players.
-
In October 2021, digital mental health leaders Headspace and Ginger have officially merged together to form Headspace Health for a combined company value of USD 3 billion. The merger brough together Headspace’s direct-to-consumer mindfulness and meditation app and Ginger’s on-demand digital mental health coaching and video therapy platform.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Digital Health Platforms 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 Platforms 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 Platforms Market - Supply Chain
4.5. Global Digital Health Platforms Market Forecast
4.5.1. Digital Health Platforms Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Digital Health Platforms Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Digital Health Platforms Market Absolute $ Opportunity
5. Global Digital Health Platforms 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 Platforms 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 Platforms Demand Share Forecast, 2019-2026
6. North America Digital Health Platforms 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 Platforms 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 Platforms Demand Share Forecast, 2019-2026
7. Latin America Digital Health Platforms 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 Platforms 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 Platforms Demand Share Forecast, 2019-2026
8. Europe Digital Health Platforms 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 Platforms 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 Platforms Demand Share Forecast, 2019-2026
9. Asia Pacific Digital Health Platforms 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 Platforms 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 Platforms Demand Share Forecast, 2019-2026
10. Middle East & Africa Digital Health Platforms 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 Platforms 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 Platforms Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Digital Health Platforms Market: Market Share Analysis
11.2. Digital Health Platforms Distributors and Customers
11.3. Digital Health Platforms Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. AirStrip Technologies
11.4.2. Samsung Electronics Co., Ltd.
11.4.3. MQure
11.4.4. Qualcomm Technologies, Inc.
11.4.5. Softserve
11.4.6. Cerner Corporation (Oracle)
11.4.7. Telefónica S.A.
11.4.8. Mckesson Corporation
11.4.9. Epic Systems Corporation
11.4.10. QSI Management, LLC
11.4.11. Computer Programs and Systems, Inc.
11.4.12. Vocera Communications
11.4.13. IBM Corporation
11.4.14. CISCO Systems, Inc.
11.4.15. HiMS
11.4.16. Orange
11.4.17. Google, Inc.
11.4.18. Allscripts
11.4.19. Apple, Inc.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Digital Health Platforms 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 Platforms 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 Platforms Market - Supply Chain
4.5. Global Digital Health Platforms Market Forecast
4.5.1. Digital Health Platforms Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Digital Health Platforms Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Digital Health Platforms Market Absolute $ Opportunity
5. Global Digital Health Platforms 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 Platforms 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 Platforms Demand Share Forecast, 2019-2026
6. North America Digital Health Platforms 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 Platforms 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 Platforms Demand Share Forecast, 2019-2026
7. Latin America Digital Health Platforms 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 Platforms 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 Platforms Demand Share Forecast, 2019-2026
8. Europe Digital Health Platforms 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 Platforms 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 Platforms Demand Share Forecast, 2019-2026
9. Asia Pacific Digital Health Platforms 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 Platforms 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 Platforms Demand Share Forecast, 2019-2026
10. Middle East & Africa Digital Health Platforms 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 Platforms 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 Platforms Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Digital Health Platforms Market: Market Share Analysis
11.2. Digital Health Platforms Distributors and Customers
11.3. Digital Health Platforms Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. AirStrip Technologies
11.4.2. Samsung Electronics Co., Ltd.
11.4.3. MQure
11.4.4. Qualcomm Technologies, Inc.
11.4.5. Softserve
11.4.6. Cerner Corporation (Oracle)
11.4.7. Telefónica S.A.
11.4.8. Mckesson Corporation
11.4.9. Epic Systems Corporation
11.4.10. QSI Management, LLC
11.4.11. Computer Programs and Systems, Inc.
11.4.12. Vocera Communications
11.4.13. IBM Corporation
11.4.14. CISCO Systems, Inc.
11.4.15. HiMS
11.4.16. Orange
11.4.17. Google, Inc.
11.4.18. Allscripts
11.4.19. Apple, Inc.
The global digital health platforms market has been segmented on the basis of
Component
- Services
- Hardware
- Software
Technology
- Tele Consultation
- Telehealth
- Telemedicine
- Telecare
- Health Analytics
- mHealth
- Wearables
- Apps
- eHealth
- Electronic Health Records
- E-prescription Systems
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- AirStrip Technologies
- Samsung Electronics Co., Ltd.
- MQure
- Qualcomm Technologies, Inc.
- Softserve
- Cerner Corporation (Oracle)
- Telefónica S.A.
- Mckesson Corporation
- Epic Systems Corporation
- QSI Management, LLC
- Computer Programs and Systems, Inc.
- Vocera Communications
- IBM Corporation
- CISCO Systems, Inc.
- HiMS
- Orange
- Google, Inc.
- Allscripts
- Apple, Inc.
Key players competing in the global digital health platforms market are AirStrip Technologies; Samsung Electronics Co., Ltd.; MQure; Qualcomm Technologies, Inc.; Softserve; Cerner Corporation (Oracle); Telefónica S.A.; Mckesson Corporation; Epic Systems Corporation; QSI Management, LLC; Computer Programs and Systems, Inc.; Vocera Communications; IBM Corporation; CISCO Systems, Inc.; HiMS; Orange; Google, Inc.; Allscripts; and Apple, Inc.
These companies use development strategies including mergers, acquisitions, partnerships, collaboration, and product launches to expand their consumer base worldwide. The competitive landscape covers key insights into growth strategies adopted by major market players.
-
In October 2021, digital mental health leaders Headspace and Ginger have officially merged together to form Headspace Health for a combined company value of USD 3 billion. The merger brough together Headspace’s direct-to-consumer mindfulness and meditation app and Ginger’s on-demand digital mental health coaching and video therapy platform.
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