The global digital health market size was valued at USD 220.9 billion in 2021 and is poised to grow at a significant CAGR of 16.3% during the forecast period 2022-28. The increased awareness among people regarding various prominent diseases prevalent in their regions is the crucial driver that fuels the growth of this market. Innovations, particularly in the digital sphere, are driving the development of the global digital health market. Patient data security concerns and costly capital expenditure and maintenance requirements will limit market expansion.  

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The global digital health market segmentation:
1) By Technology: Tele Healthcare, mHealth, Healthcare Analytics, and Digital Health Systems
2) By Component: Hardware, Software, and Services  

mHealth segment Dominates the Digital Health Market:
The mHealth segment is predicted to contribute the most revenue in the digital health market. The mHealth market was worth USD 47.0 billion in 2021. Due to government health insurance programs and increased consumer technologies such as smartphones and tablets that allow individuals to capture their own health, the category grew at a significant rate over the anticipated years. Medical providers use mobile health to diagnose, treat, monitor, and educate patients, resulting in higher patient participation, better health outcomes, and lower costs.

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North America Leads Digital Health Market:
Because of government backing for mHealth start-ups, developments in healthcare information technology, and growing smartphone scales, North America accounted for a considerable proportion of the digital health market in 2021. In addition, due to an increase in R&D investments by major players, increasing healthcare infrastructure, and growing activities by public and private organizations, Asia-Pacific will be the second-largest shareholder.

The global digital health market key players are Allscripts Healthcare, LLC, McKesson Corporation, Telefonica S.A., Orange Health Digital, Qualcomm Technologies, Inc., TELUS, Koninklijke Philips N.V., Apple Inc., Vodafone Group.

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