The global digital health market size was valued at USD 211.0 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 18.6% from 2023 to 2030.
The digital health industry data book, compiled by Grand View Research, is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research along with a digital healthcare statistics e-book.
Tele-Healthcare Market Insights
The global telehealth market size was valued at USD 87.6 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 23.5% from 2023 to 2030. The rising penetration of the internet and innovation in smartphones is enabling to address the gaps in the delivery and availing of telehealth services conveniently. Moreover, the demand for telehealth services witnessed tremendous growth over the past year due to the COVID-19 pandemic and the restrictions imposed to curb the infection. COVID-19 hindered the delivery of healthcare services, which enabled most healthcare facilities to shift from traditional to virtual care methods. Furthermore, the growing need to monitor health and wellness to manage chronic diseases virtually is driving the industry's growth.
mHealth Market Insights
The global mHealth market size was valued at USD 56.8 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 10.8% from 2023 to 2030. The rising focus on improving personal health and fitness using smart devices and wearables is the major factor accelerating market growth. Besides, increasing penetration of the internet and smartphones and growing adoption of mHealth technology and platforms by physicians and patients are also anticipated to propel market growth.
Shifting trend of adopting patient centric and preventive approaches from conventional healthcare practices are also expected to drive the market growth. For instance, as per the statistics published in a digital health journal in 2020, about 64% approved on the benefit of tracking medical treatment, and 68% of users agreed that the apps which retrieve EMR remotely are highly valuable for a healthy lifestyle. Increasing investment by government and non-government organizations in expanding digital healthcare sector further boosts the market growth.
Order your copy of the Free Sample of “Digital Health Industry Data Book - Tele-Healthcare, mHealth, Healthcare Analytics and Digital Health System Market Size, Share, Trends Analysis, And Segment Forecasts, 2022 - 2030” Data Book, published by Grand View Research
Healthcare Analytics Market insights
The global healthcare analytics market size was valued at USD 35.3 billion as of 2022 and is expected to expand at a compound annual growth rate (CAGR) of 21.4% from 2023 to 2030. The healthcare industry on the whole has been challenged with the issues like lack of better patient care, skyrocketing costs of treatment, less patient retention, and engagement and, thus healthcare analytics are being incorporated into every aspect of the industry to give better care to patients and for better operations of the industry. These factors are key reasons for the growth of the healthcare analytics industry.
New advanced analytics tools and services are being introduced, which, in turn, is driving their adoption by healthcare organizations. For instance, in September 2020, Eversana launched predictive analytics solution, ACTICS. Similarly, in June 2021, QPharma opened Neolytica, a firm that provides AI-based predictive analytics solutions. Development of new advanced analytics technologies and methods with increasing awareness about benefits of analytics is another major factor expected to drive the market.
Digital Health System Market Insights
The global digital health market size was valued at USD 211.0 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 18.6% from 2023 to 2030. Increasing penetration of smartphones, improved internet connectivity with the introduction of 4G/5G, advancement in healthcare IT infrastructure, rising need to curb healthcare costs, rising prevalence of chronic diseases, and the increase in accessibility of virtual care are some of the major factors to fuel the market growth. Furthermore, key players focus on introducing advanced applications to improve user experience. For instance, in July 2021, Teladoc Health collaborated with Microsoft to integrate its Solo platform with the Microsoft Teams environment to improve clinician and patient access across the virtual healthcare space.
Government initiatives to spread digitalization across the healthcare sector throughout the globe are further driving the market. For instance, during the 2022 budget session, the Government of India introduced a digital health ecosystem under Ayushman Bharat Digital Health Mission (ABDM). Similarly, in October 2021, France government announced that they will invest over USD 650 million to expand their digital health infrastructure on a national level.
Go through the table of content of Digital Health Industry Data Book to get a better understanding of the Coverage & Scope of the study.
Digital Health Industry Data Book Competitive Landscape
Increasing demand for technologically advanced digital health platforms and services are increasing competition in the market and thus, forcing key players to introduce new solutions in the market. Additionally, it is projected that rising industry consolidation activities, such as acquisitions and mergers by the leading market participants, as well as expanding efforts in R&D of digital health applications by key players, is also expected to boost the market share.
Key players operating in the Digital Health Industry are –
• Apple Inc.
• AT&T
• AirStrip Technologies
• Allscripts
• Google Inc.
• Orange
• Qualcomm Technologies, Inc.
• Softserve
• MQure
• Samsung Electronics Co., Ltd.
• Telefónica S.A.
• Vodafone Group
• Cerner Corporation
• McKesson Corporation
• Epic Systems Corporation
• NextGen Healthcare, Inc. (QSI Management, LLC)
• Greenway health, LLC
• CureMD Healthcare
• HiMS
• Computer Programs and Systems, Inc.
• Vocera Communications
• IBM Corporation (IBM Watson Health)
• Siemens Healthcare GmbH
• CISCO Systems, Inc.
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