| Study Period | 2019 - 2032 |
| 2024 Market Size | USD 280.45 Billion |
| 2025 Market Size | USD 336.31 Billion |
| 2032 Forecast | USD 1,269.08 Billion |
| Growth Rate(CAGR) | 20.89% |
| Largest Region | North America |
| Fastest Growing Region | APAC |
| Nature of the Market | Fragmented |
| Largest End User Category | Hospitals |
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The global digital health market is estimated to generate USD 280.45 billion in 2024, and it is expected to reach USD 1,269.08 billion by 2032, propelling at a rate of 20.89% between 2025 and 2032.
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.
The number of tablet and smartphone users grew from nearly 2.5 billion in 2016 to around 6.5 billion in 2021, and then, further to 4.88 billion in 2024, thereby causing a sharp surge in the industry revenue. Moreover, as per a European Union (EU) press release, smartphones or mobile phones are the most-heavily used devices for accessing the internet. With the rapid advancements in communication technologies, the demand for mHealth applications, including applications for fitness and health, is growing sharply across the globe.
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.
Another key factor fueling 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 has announced an investment worth USD 10.3 billion (EUR 9.2 billion) for 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.
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.
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.
These technologies are covered:
These end users are covered:
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North America held the largest share in the market, of around 40%, in 2024. 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. As per reports, the per capital healthcare spending in the U.S. stood at USD 12,555 in 2023, the highest among all countries.
The market growth is also mainly attributable to the improvements in the healthcare infrastructure, surge in the adoption of digital health solutions, increase in healthcare spending, and initiatives being taken by various government associations for the implementation of digital health technologies in healthcare facilities. The internet of things (IoT) and other such technologies require an established information and communication technology (ICT) infrastructure, which is present in the region that helps in the growth of the digital health industry.
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 the highest CAGR over the coming years, of 22.34%. This is ascribed to the increasing geriatric population and growing incidence of chronic diseases in the region. As per studies, over 1.4 million cancer cases were diagnosed in India in 2022, while the incidence in China stood at 341.75 per 100,000.
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.
Also, improving healthcare infrastructure, increasing adoption of smartphones, and rising government support in the form of investments and grants fuel the growth of digital health market in the region. Moreover, successful implementation of telemedicine projects in countries, including India, has led to the envisioning of regional telemedicine networks connecting the Southeast Asian countries. The EHR market in APAC is in developing stage and provides huge opportunities for EHR vendors. Moreover, the increasing need to overcome medication errors, reducing healthcare cost, rising government funding, and shortage of medical and IT professionals in the healthcare industry are fueling the demand for digital health solutions in the region.
These regions and countries are covered:
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