Digital Health Market Growth, Global Survey, Analysis, Share, Company Profiles and Forecast by 2030

Digital Health Market

According to the most recent Emergen Research analysis, the global digital health market will be worth USD 175.20 billion in 2021, with a revenue CAGR of 27.2% over the forecast period. Increased government health spending in various countries, as well as rapid adoption of digitalization in health services, are key factors driving global digital health market revenue growth. Following COVID, governments in various countries increased their public health spending. Developing countries like India have increased their healthcare spending by 2.1% of GDP. Similarly, current healthcare expenditure in the United Kingdom is expected to rise by 7.1% by 2021.

Growing demand for mobile health apps, increasing demand for remote patient monitoring services, and rising adoption of smartphones and tablets are all factors driving the global digital health market. However, security concerns such as cyber-attacks and financial constraints to maintain digital health-related services are the primary factors limiting market growth. Nonetheless, the COVID 19 pandemic has fueled ongoing developments in digital health, such as healthcare transformation through online symptom checkers, patient facing tools, remote patient monitoring tools, telehealth, and patient portals, among other things. As a result, such novel developments in the field of digital health are expected to create lucrative market opportunities.

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Some Key Highlights from the Report

Epic Systems Corporation announced the launch of Garden Plot, a new software-as-a-service designed for independent medical groups, on March 9, 2022. This model is intended to help providers who may find the transition to a new system difficult to use ready-to-use epic solutions.

Over the forecast period, the tele-healthcare segment is expected to account for the largest share. The recent pandemic’s increased demand for telehealthcare services, as well as the growing popularity of virtual healthcare services, are expected to contribute to the market’s revenue growth.

Because of the presence of government legislation on digital health and the rapid adoption of EHR by healthcare organisations in the region, the North America market is expected to account for the largest revenue share over the forecast period.

Allscripts Healthcare, LLC, Cisco Systems, Inc., McKesson Corporation, Koninklijke Philips N.V., Cerner Corporation (Oracle Corporation), NXGN Management, LLC, Epic Systems Corporation, SoftServe, AirStrip Technologies, Inc., and Healthcare Information are among the major companies mentioned in the market report.

Emergen Research has segmented the global digital health market based on technology, component, end user, and region:

  • Technology Outlook (Revenue, USD Billion, 2019–2030)

    • Tele-healthcare
    • Wearables
      1. BP monitor
      2. Glucose monitor
      3. Pulse monitor
      4. Others
    • Applications
      1. Medical apps
      2. Fitness apps
      3. Health analytics
      4. Digital health systems
      5. Others
  • Component Outlook (Revenue, USD Billion, 2019–2030)

    • Hardware
    • Software
    • Services
  • End User Outlook (Revenue, USD Billion, 2019–2030)

    • Healthcare providers
    • Healthcare consumers
    • Others
  • Regional Outlook (Revenue, USD Billion, 2019–2030)

    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. UK
      3. France
      4. Spain
      5. BENELUX
      6. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Israel
      4. Rest of Middle East & Africa

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