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
- 2024-07-10
- 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.Â
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 Â |
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 |
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Digital Health Industry: Dynamics & Restrains
Market opportunity:
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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.