The global digital health market value is estimated to be USD 8,131.3 million in 2024. The overall market is predicted to grow at a promising CAGR of 7.4% during the forecast period. The global digital health industry share is estimated to reach a value of nearly USD 16,603.7 million by 2034.
Report Attribute | Details |
---|---|
Global Digital Health Market Size (2024) | USD 8,131.3 million |
Market Anticipated Forecast Value (2034) | USD 16,603.7 million |
Market Projected Growth Rate (2024 to 2034) | 7.4% CAGR |
The global digital health market was valued at USD 4,384.4 million in 2019. The global demand for digital health services surged at a rate of 12.5% between 2019 and 2023. Several governments' supportive initiatives along with the rising demand for digital healthcare apps in remote patient monitoring services advanced the market fast during the pandemic years. The overall market value was about USD 7,909.9 million by 2023.
Attributes | Details |
---|---|
Global Digital Health Market Value (2019) | USD 4,384.4 million |
Market Revenue (2023) | USD 7,909.9 million |
Market Historical Growth Rate (CAGR 2019 to 2023) | 12.5% CAGR |
Digital health service market participants are creating cutting-edge mobile applications to monitor daily activities like fitness, exercise, nutrition, and well-being, providing users with high-quality healthcare and comfort. Additionally, mobile apps give users the ability to find out about medical questions, make appointments, track consultations, and store their medical information, and track and order prescriptions for medications.
So, telemedicine and telehealth services are being quickly embraced by the medical community and are being acknowledged by both public and private market players.
Patient data security issues could reduce the value of the digital healthcare market. This can have a negative impact on the operations' reputation and outcomes and in turn, affect the overall market's future trends. Technology behemoths Apple, IBM, and Google are concentrating on enhancing data security features and improving the mobile health experience by providing a variety of subscription plans.
The table below lists the countries that are expected to witness a promising growth in adoption of digital healthcare solutions and services in the coming days.
Regional Market Comparison | CAGR (2024 to 2034) |
---|---|
United States | 6.8% |
Germany | 6.6% |
United Kingdom | 6.2% |
India | 22.5% |
Thailand | 16.4% |
The United States dominated the digital health market and is expected to progress at a rate of 6.8% through the projected years.
Adoption of digital health technologies in the United Kingdom is projected to grow at a moderate rate of 6.2% during the forecast years.
The digital health industry of Germany is poised to expand at a rate of 6.6% per year till 2034.
Digital health service providers are expected to witness a lucrative CAGR of 22.5% on average during the projected years.
Thailand is predicted to present some attractive opportunities for global digital health companies growing at a rate of 16.4% through 2034.
Based on product type, the software segment is anticipated to account for 57% of the total digital health business in 2024.
Attributes | Details |
---|---|
Top Product Type or Segment | software |
Market Share in 2024 | 57% |
Based on deployment type, the cloud-based segment is expected to capture 28% of the global revenue share in 2024. However, this segment is predicted to witness a faster growth rate over the next ten years.
Attributes | Details |
---|---|
Top Deployment Type or Segment | Cloud-based |
Market Share in 2024 | 28% |
The digital health market providers employ the tactic of introducing cutting-edge and reasonably priced solutions to eliminate rivals. In order to outperform rivals, the provider of digital health solutions also employs strategic partnerships, collaborations, and joint ventures.
In order to meet the rising demand for digital health broaden their business horizons and increase sales of digital health, digital health technology market players were compelled to revise their product innovation strategies, investment strategies, mergers and acquisitions plans, and partnership plans.
The emergence of start-ups and businesses that specialize in digital health solutions is fostering value of the digital health and winning the support of both public and private investors. The driving forces in the digital therapeutics market ecosystem are currently the big-tech players, healthcare providers, and health informatics market start-ups.
Recent Developments in Global Digital Health Market
In 2021, the digital health market had a breakout year, with start-ups raising USD 29.1 billion in 729 transactions. Start-ups raised USD 6.7 billion in the first quarter of 2021, at the peak of the funding boom.
This increased to USD 8.3 billion in the second quarter and USD 6.8 billion in the third quarter. In the first quarter of 2022, digital health start-ups signed 183 deals, with an average deal size of USD 32.8 million.
The American Telemedicine Association (ATM) collaborated with a United Kingdom-based digital health firm to release a brand-new tool for evaluating mHealth apps.
Omron Healthcare, Inc., a division of Omron Corporation, unveiled The Heart Guide in January 2019 as the first wearable blood pressure monitor with a digital health service.
Funding in the first quarter shifted to different digital health sectors than in previous quarters. Funding for start-ups that catalyze research and development in biopharma and medical technology fell to second place while funding for start-ups that augment clinical workflow raised eight spots to third place.
Mental health care is still a hotspot, with start-ups raising USD 1 billion in the first quarter. For the first time since 2019, investment in start-ups supporting reproductive and maternal health totaled USD 424 million during the quarter, re-entering the top six for the first time in 2019.
Attribute | Details |
---|---|
Estimated Market Size (2024) | USD 8,131.3 million |
Projected Market Size (2034) | USD 16,603.7 million |
Anticipated Growth Rate (2024 to 2034) | 7.4% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | USD million or billion for Value and Units for Volume |
Key Regions Covered | North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
Key Segments Covered | By Solution Type, By Deployment, By End User Verticals, and By Region |
Key Companies Profiled | AT&T Inc.; Apple Inc.; AirStrip Technologies LP; Alcatel-Lucent Corporation; Cerner Corporation; Symantec Corporation; Aruba Networks, Inc.; Cisco Systems, Inc.; Qualcomm, Inc.; Siemens Healthcare; Philips Healthcare |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 4: Global Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 5: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 6: North America Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 8: North America Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 10: Latin America Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 11: Latin America Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 12: Latin America Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Western Europe Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 15: Western Europe Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 16: Western Europe Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 18: Eastern Europe Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 19: Eastern Europe Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 20: Eastern Europe Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: East Asia Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 27: East Asia Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 28: East Asia Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Solution, 2019 to 2034
Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Deployment, 2019 to 2034
Table 32: Middle East and Africa Market Value (US$ Million) Forecast by End User, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Solution, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by End User, 2024 to 2034
Figure 4: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 9: Global Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 10: Global Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 11: Global Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 12: Global Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 13: Global Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 14: Global Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 15: Global Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 16: Global Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 17: Global Market Attractiveness by Solution, 2024 to 2034
Figure 18: Global Market Attractiveness by Deployment, 2024 to 2034
Figure 19: Global Market Attractiveness by End User, 2024 to 2034
Figure 20: Global Market Attractiveness by Region, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Solution, 2024 to 2034
Figure 22: North America Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 23: North America Market Value (US$ Million) by End User, 2024 to 2034
Figure 24: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 28: North America Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 29: North America Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 30: North America Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 31: North America Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 34: North America Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 35: North America Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 36: North America Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 37: North America Market Attractiveness by Solution, 2024 to 2034
Figure 38: North America Market Attractiveness by Deployment, 2024 to 2034
Figure 39: North America Market Attractiveness by End User, 2024 to 2034
Figure 40: North America Market Attractiveness by Country, 2024 to 2034
Figure 41: Latin America Market Value (US$ Million) by Solution, 2024 to 2034
Figure 42: Latin America Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 43: Latin America Market Value (US$ Million) by End User, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 51: Latin America Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 54: Latin America Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 55: Latin America Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 57: Latin America Market Attractiveness by Solution, 2024 to 2034
Figure 58: Latin America Market Attractiveness by Deployment, 2024 to 2034
Figure 59: Latin America Market Attractiveness by End User, 2024 to 2034
Figure 60: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 61: Western Europe Market Value (US$ Million) by Solution, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 63: Western Europe Market Value (US$ Million) by End User, 2024 to 2034
Figure 64: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 68: Western Europe Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 71: Western Europe Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 74: Western Europe Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 75: Western Europe Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 77: Western Europe Market Attractiveness by Solution, 2024 to 2034
Figure 78: Western Europe Market Attractiveness by Deployment, 2024 to 2034
Figure 79: Western Europe Market Attractiveness by End User, 2024 to 2034
Figure 80: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 81: Eastern Europe Market Value (US$ Million) by Solution, 2024 to 2034
Figure 82: Eastern Europe Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 83: Eastern Europe Market Value (US$ Million) by End User, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 91: Eastern Europe Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 94: Eastern Europe Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 97: Eastern Europe Market Attractiveness by Solution, 2024 to 2034
Figure 98: Eastern Europe Market Attractiveness by Deployment, 2024 to 2034
Figure 99: Eastern Europe Market Attractiveness by End User, 2024 to 2034
Figure 100: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 101: South Asia and Pacific Market Value (US$ Million) by Solution, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 103: South Asia and Pacific Market Value (US$ Million) by End User, 2024 to 2034
Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 117: South Asia and Pacific Market Attractiveness by Solution, 2024 to 2034
Figure 118: South Asia and Pacific Market Attractiveness by Deployment, 2024 to 2034
Figure 119: South Asia and Pacific Market Attractiveness by End User, 2024 to 2034
Figure 120: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 121: East Asia Market Value (US$ Million) by Solution, 2024 to 2034
Figure 122: East Asia Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 123: East Asia Market Value (US$ Million) by End User, 2024 to 2034
Figure 124: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 128: East Asia Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 129: East Asia Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 131: East Asia Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 132: East Asia Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 134: East Asia Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 135: East Asia Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 136: East Asia Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 137: East Asia Market Attractiveness by Solution, 2024 to 2034
Figure 138: East Asia Market Attractiveness by Deployment, 2024 to 2034
Figure 139: East Asia Market Attractiveness by End User, 2024 to 2034
Figure 140: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 141: Middle East and Africa Market Value (US$ Million) by Solution, 2024 to 2034
Figure 142: Middle East and Africa Market Value (US$ Million) by Deployment, 2024 to 2034
Figure 143: Middle East and Africa Market Value (US$ Million) by End User, 2024 to 2034
Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Solution, 2019 to 2034
Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Solution, 2024 to 2034
Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Solution, 2024 to 2034
Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by Deployment, 2019 to 2034
Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by Deployment, 2024 to 2034
Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by Deployment, 2024 to 2034
Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 157: Middle East and Africa Market Attractiveness by Solution, 2024 to 2034
Figure 158: Middle East and Africa Market Attractiveness by Deployment, 2024 to 2034
Figure 159: Middle East and Africa Market Attractiveness by End User, 2024 to 2034
Figure 160: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The global digital health market is estimated to be around US$ 8,131.3 million in 2024.
The global digital health market is to grow at 7.4% during the forecast period.
The global digital health market is predicted to be valued at US$ 16,603.7 million by 2034.
The global digital health market was valued at US$ 4,384.4 million in 2019.
The United States is a key digital health market.
India is predicted to witness high adoption of digital health solutions through 2034.
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