Digital Health Market Size, Trends, and Business Outlook Report 2030
The global digital health market size was estimated at USD 240.9 billion in 2023 and is projected to grow at a compound annual growth (CAGR) of 21.9% from 2024 to 2030. The market is driven by several factors, such as a strong domestic market for telehealthcare platform developers, mHealth app providers, wearable device manufacturers, and e-prescription systems.
Moreover, the healthcare industry exhibits high growth potential for the IT industry due to supportive government initiatives across all regions. The growing trend of preventive healthcare & the rise in funding for mHealth startups are other factors boosting the market. The rising incidence of chronic conditions such as diabetes, heart disease, and cancer is fueling the demand for remote monitoring and management solutions. Digital health tools can help patients track their health, adhere to treatment plans, and communicate with healthcare providers more effectively.
Gather more insights about the market drivers, restrains and growth of the Global digital health market
Digital Health Market Segments Highlights:
- Based on component, the services segment led the market with the largest revenue share in 2023, owing to the growing demand for services, such as installation, staffing, training, maintenance, and other services.
- The software segment is anticipated to register the fastest CAGR of 23.2% from 2024 to 2030, due to rapid adoption of software systems among patients, healthcare facilities, providers, and insurance payers.
- Based on technology, the tele healthcare segment led the market with a largest revenue share of 43.2% in 2023 and is also expected to register the fastest CAGR over the forecast period.
- The mHealth segment held the second largest position in terms of revenue share in 2023 in the global market. Growing penetration of smartphones & internet connectivity and rising adoption of mHealth technologies by physicians & patients are factors driving segment growth.
- Based on applications, the diabetes segment led the market with the largest revenue share of 24.3% in 2023 and is expected to register the fastest CAGR of 23.7% from 2024 to 2030.
- The obesity segment is the second largest in application due to high global prevalence and the rising need for effective weight management solutions.
- Based on end-use, the patient segment held the market with the largest revenue share of 34.1% in 2023 and is expected to witness the fastest CAGR from 2024 to 2030, owing to the shift toward patient-centered care and high awareness of managing health among individuals.
- The providers segment holds a significant share of the global market and is expected to maintain their market share over the forecast period.
- North America dominated the market with the largest revenue share of 38.2% in 2023, owing to technological advancements, growing healthcare IT expenditure to advance infrastructure, favorable government initiatives, emergence of startups, readiness to adopt advanced technological solutions, options for growing smartphone penetration, advancements in internet connectivity, and lucrative funding.
- The U.S. leads in the digitalization of healthcare in North America with a revenue share of 88.2% in 2023.
- Asia Pacific is estimated to witness the fastest CAGR from 2024 to 2030 in the digital health market. This surge is attributed to the increasing adoption of eHealth platforms and a rise in healthcare expenditure across the region.
- The digital health market in the Middle East and Africa is expected to see significant growth in the coming years. This growth is driven by factors such as increasing adoption of digital technologies, a growing awareness of healthcare solutions, and efforts to improve healthcare infrastructure.
Browse through Grand View Research's Healthcare IT Industry Research Reports.
- De-identified Health Data Market: The global de-identified health data market size was estimated at USD 7.45 billion in 2023 and is expected to grow at a CAGR of 9.0% from 2024 to 2030.
- Healthcare Predictive Analytics Market: The global healthcare predictive analytics market size was estimated at USD 14.58 billion in 2023 and is projected to grow at a CAGR of 24.0% from 2024 to 2030.
Digital Health Market Segmentation
Grand View Research has segmented the global digital health market based on technology, component, application, end-use, and region:
Technology Outlook (Revenue, USD Million, 2018 - 2030)
- Tele-healthcare
- Tele-care
- Tele-health
- mHealth
- Wearables & Connected Medical Devices
- mHealth Apps
- Services
- Digital Health Systems
- EHR
- E-prescribing Systems
- Healthcare Analytics
Component Outlook (Revenue, USD Million, 2018 - 2030)
- Software
- Hardware
- Services
Application Outlook (Revenue, USD Million, 2018 - 2030)
- Obesity
- Diabetes
- Cardiovascular
- Respiratory Diseases
- Others
End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Patients
- Providers
- Payers
- Others
Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
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