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Digital Health Market Analysis by Technology (Telehealthcare (Telecare, Telehealth), mHealth (Wearables, Apps)), by Component (Hardware, Software, Service) and by Region: Global Forecast, 2024 - 2034

  • PUBLISHED ON
  • 2022-07-10
  • NO OF PAGES
  • 238
  • CATEGORY
  • Healthcare & Life Sciences

Market Overview

The Digital Health market is predicted to develop at a compound annual growth rate (CAGR) of 13.3% from 2024 to 2034, when it is projected to reach USD 954.12 Billion, based on an average growth pattern. The market is estimated to reach a value of USD 272.13 Billion in 2024.


SOURCE: We Market Research

The use of digital innovations and information technology to improve healthcare administration, delivery, and outcomes is included in the digital health market. Data analytics, wearable technology, health apps, telemedicine, and electronic health records (EHRs) are all included in this. The market is driven by factors such as the growing need for effective healthcare services, the increasing prevalence of chronic diseases, and the increasing adoption of smartphones and internet connectivity. Better data-driven decision-making, quicker workflows for healthcare practitioners, increased patient engagement, and remote monitoring are just a few advantages it provides. The global market for digital health services is expanding quickly as both new and well-established businesses invest in cutting-edge technologies to optimize and change healthcare delivery worldwide.

The digital health market is growing globally due to several significant factors are, more people are using smartphones and wearable technologies, which has expanded the range of digital health options available. Second, the increased prevalence of chronic illnesses calls for the need for more efficient and distant healthcare services. Moreover, innovative solutions to healthcare issues are made possible by recent advancements in big data analytics, IoT, AI, and other domains. The need for accessible healthcare and government initiatives to promote digital healthcare are further factors driving market growth. Furthermore, the COVID-19 epidemic has accelerated the adoption of telehealth and remote monitoring technology. These elements are all involved in the adoption and dissemination of digital health technology worldwide. 

Market Scope

Report Attributes

Description

Market Size in 2024

USD 272.13 Billion

Market Forecast in 2034

USD 954.12Billion

CAGR % 2024-2034

13.3%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2034

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Technology, by Component and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

 

Digital Health Industry: Dynamics & Restrains


Market opportunity:


 We Market Research: Digital Health Dashboard

Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.


Digital Health Segmentation

Market- By Service Analysis

By Service, the Digital Health Market is Categories into Telehealthcare (Telecare, Telehealth), mHealth (Wearables, Apps). The Telehealthcare segment accounts for the largest share of around 53% in 2024.