Digital Health Market Size and Share Analysis by Technology (Mobile Health, Electronic Health Record, Telemedicine, Healthcare Analytics), End-User (Hospitals, Clinics, Individuals) - Global Industry Growth and Demand Forecast to 2030

Market Overview

The global digital health market is estimated to generate $183,517.9 million in 2022, and it is expected to reach $783,848.2 million by 2030, propelling at a rate of 19.90% between 2022 and 2030.

The market is being driven by the surging usage of tablets and smartphones, burgeoning demand for remote patient monitoring services, emergence of innovative mobile health (mHealth) applications, soaring requirement for advanced healthcare information systems, and implementation of supportive government policies regarding these solutions.

Moreover, enhanced internet connectivity with the introduction of 4G/5G, progression in healthcare IT infrastructure, increasing requirement to curb healthcare costs, increasing incidence of chronic diseases, and the growing accessibility of virtual care are few other major factors fueling the market growth.

Telemedicine Category had a Significant Share in the Market

The telemedicine category had a significant market share in 2022. Telehealth services are high in demand because of the growing demand for reliable health and fitness monitoring, managing population in real-time, and secure healthcare information storage. The expansion of these services is being aided by the upgradation of the software and hardware used in telehealth. Thus, rising trend of software upgrades that include various healthcare applications is responsible for the market growth in coming years.

The development of variety of platforms for monitoring, diagnosis, and disease prevention will also be the main factor responsible for the growth of the market in coming years. Furthermore, increased expenditures in digital infrastructure, particularly in emerging nations, fuel market need for viable telehealth systems. New methods are also offered by the companies to provide services to their customers, which, in turn, fuels the market growth over the next few years.

Individuals To Witness Fastest Growth

The individuals category is predicted to exhibit the fastest growth in the market. This is because of the surging adoption of IT solutions by people all over the world. With these solutions, the delivery of correct information to the concerned individuals becomes possible. Moreover, these solutions help in manipulating, tracking, and storing information and distributing it to the appropriate individuals, as and when required.

Increasing Adoption of Cloud Computing in Digital Health

The surging adoption of cloud computing solutions in healthcare settings is one of the trends currently being witnessed in the market. Because of the rapid advancements in storage and processing technologies, computing resources are becoming more powerful, easily available, and more affordable than before. This is subsequently fueling the development of cloud computing, a new computing model in which the resources, including both clinical applications, such as physician enquiries and pharmacy orders; and non-clinical applications, such as patient billing and revenue cycle management; are provided to users on demand, via the internet.

Growing Smartphones Usage Drives Industry Growth

The number of tablet and smartphone users has grown from nearly 2.5 billion in 2016 to around 6.5 billion in 2021, thereby causing a sharp surge in the industry revenue. Moreover, as per a European Union (EU) press release, smartphones or mobile phones were the most-heavily used devices for accessing the internet in 2021. With the rapid advancements in communication technologies, the demand for mHealth applications, including applications for fitness and health, is growing sharply across the globe.

Growing Popularity of Remote Patient Monitoring Services

The rising incidence of chronic diseases, lack of proper healthcare facilities, and rapidly surging geriatric population are propelling the market, by pushing up the requirement for remote patient monitoring services. As per the World Population Ageing 2021 report published by the United Nations Department of Economic and Social Affairs (UNDESA), the share of people aged above 65 years in Europe will rise from 20.3% of the total population to 36.6% from 2000 to 2050.

As geriatric people are vulnerable to diseases because of their low immunity levels and high recovery time, their growing population is positively impacting the demand for patient care. This is propelling the requirement for digital solutions because mHealth is a big help in providing medical treatment and healthcare to patients living in remote areas.

The increasing applications of mHealth are another important factor driving the progress of the market. mHealth is the practice of providing healthcare services with the help of tablets, smartphones, laptops, personal digital assistants (PDAs), and various other mobile devices, via a wireless network. The surging geriatric population, increasing occurrence of chronic diseases, increasing healthcare costs, easy accessibility of various at-home healthcare services, and implementation of favorable digital healthcare policies are powering the usage of mHealth technologies across the globe.

Strong Government Support Driving Adoption of Digital Health Technologies

Another key factor fuelling the market growth is the numerous initiatives taken around the world to make this concept popular. Many government organizations are implementing policies and taking strong measures, such as the provision of funds, for supporting the adoption of digital healthcare solutions. For example, the EU announced an investment worth $10.3 billion (EUR 9.2 billion) for the period 2021–2027 for creating the Digital Europe program, to set up a regulatory framework that would facilitate the adoption of digital solutions in various operations, including those of the healthcare sector.

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Growing Adoption of IoT in Digital Healthcare Services

IoT has become one of the most-prominent technologies in healthcare. It has evolved to the point where it is transforming the healthcare sector by facilitating various activities, such as efficiently tracking the staff, patients, and inventory; optimizing drug prescription; ensuring availability of critical medical equipment; and addressing chronic diseases. To provide an uninterrupted, tailored digital experience, big data plays a significant role in assisting a service provider in optimizing resources and time, in order to deliver superior healthcare services.

North America Is Principal Revenue Contributor to Market

North America held the largest share in the market, of around 39%, in 2022. This dominance is primarily attributed to the increasing public awareness about digital health technologies via various conferences and workshops, especially in the U.S.; surging geriatric population, and increasing enactment of government policies and measures for improving the operation of healthcare delivery systems in the region.

Similarly, the digital health market is witnessing rapid growth in Canada because of a sharp surge in the adoption of electronic health records (EHR). This is mainly because the territories and provinces of the country are actively focusing on developing their own electronic information systems. Provincial governments are receiving strong support from Canada Health Infoway, which is a non-profit organization aiming at propelling the adoption for digital health solutions in the country.

Asia-Pacific is expected to grow at a significant CAGR over the coming years. This is ascribed to the increasing geriatric population and growing incidence of chronic diseases in the region. In addition, the increasing life expectancy will fuel IT investments in the healthcare sector, which will propel the growth of the market for digital health solutions in the region. Furthermore, the soaring usage of smartphones, increasing government support, primarily in the form of grants and investments, and rapidly improving medical infrastructure are driving the expansion of the market in this region.

Top Players in Digital Health Market Are:

• Cerner Corporation
• AT&T Inc.
• Apple Inc.
• Cisco Systems Inc.
• Telefonica S.A.
• Qualcomm Technologies Inc.
• Epic Systems Corporation
• Allscripts Healthcare Solutions Inc.
• Mckesson Corporation
• Athenahealth Inc.

Digital Health Market Size Breakdown by Segment

The study offers a comprehensive market segmentation analysis along with market estimation for the period 2017-2030.

Based on Technology

• Mobile Health (mHealth)
  • Connected devices
  • mHealth apps
  • Services
• Electronic Health Record (EHR)
  • Cloud-based
  • On-premises
• Telemedicine
  • Teleconsulting
  • Telemonitoring
  • Tele-education
  • Tele-training
• Healthcare Analytics
  • Descriptive
  • Predictive
  • Prescriptive

Based on End-User

• Hospitals
• Clinics
• Individuals

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Spain
  • Italy
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa