PUNE, India, Oct. 12, 2023 /PRNewswire/ -- Infinium Global Research, a leading provider of market research insights, has published a comprehensive report on the Digital Health Market, offering an in-depth analysis of global and regional segments. The report explores the influence of drivers, restraints, and macro indicators on the short-term and long-term growth prospects of the digital health market. With the global digital health market valued at USD 209.63 billion in 2022, it is projected to surge to a remarkable USD 770.26 billion by 2030, registering a robust Compound Annual Growth Rate (CAGR) of 15.30% during the forecast period from 2023 to 2030.
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Revolutionizing Healthcare Through Digital Innovation
Digital health is poised to revolutionize healthcare by preventing diseases, reducing costs, and empowering patients to manage chronic conditions effectively. It has the potential to deliver personalized medicine and provides healthcare providers with a comprehensive view of patients suffering from chronic or other diseases. Leveraging big data analytics, digital health has empowered both patients and healthcare providers, breaking free from traditional data processing methods. This transformative shift grants patients' greater control over their health and enhances efficiency and medical outcomes. The escalating global incidence of cardiovascular disorders stemming from unhealthy lifestyles is a key driver of the digital health market.
Furthermore, in an increasingly interconnected world, digital technologies have become an integral part of daily routines. Cloud-based digital health systems, mobile devices, and applications have gained popularity among end-users, including government hospitals, patients, clinics, and other healthcare institutions. Patients can now engage with healthcare professionals remotely via smartphones or telehealth platforms. These innovations converge, on individuals, information, technology, and connectivity to improve healthcare and overall health outcomes. The rising penetration of smartphones and the internet among the population is driving the digital health market.
Challenges and Opportunities
Despite the tremendous potential of digital health, the rapid adoption of the internet and smart devices in healthcare has given rise to cybersecurity concerns. Data security issues related to healthcare information have created hesitancy in adopting digital health solutions, which could potentially hinder market growth. However, government policy amendments and the adoption of blockchain technology to enhance data security offer consumers opportunities to embrace digital health platforms. These advancements are anticipated to drive market growth during the forecast period.
Regional Dominance and Growth Prospects
North America commands the largest share of the global digital health market. The region's advanced healthcare infrastructure, technological innovation, and substantial investments in digital health initiatives are key factors contributing to its leadership in the digital health sector. The United States, in particular, is a frontrunner, with widespread adoption of electronic health records, telemedicine, and mobile health applications. A robust regulatory framework and support for healthcare IT further bolster North America's position in the digital health market. The region's aging population, increasing prevalence of chronic diseases, and demand for efficient healthcare solutions underscore its role as a driver of digital health innovation and market expansion.
The Asia-Pacific region is poised to witness the fastest growth in the digital health market. Countries like China, Japan, and emerging nations such as India and Indonesia are expected to experience significant growth due to their high adoption rates of technology. Supportive initiatives undertaken by the Chinese government to promote eHealth are also contributing to this growth.
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Market Segmentation
The global digital health market is segmented based on service and end-user:
- Service: Sub-markets encompass mobile devices, cloud-based solutions, big data analytics, and healthcare mobility.
- End-User: Sub-markets include clinics, government hospitals, specialty hospitals, and general hospitals.
Competitive Landscape
The report provides profiles of the companies in the market such as Cisco Systems, Inc., Qualcomm Technologies, Inc., Merative, Epic Systems Corporation, Siemens Healthcare GmbH, GE HealthCare, Koninklijke Philips N.V., IBM Corporation, Allscripts/ Veradigm, and Oracle/ Cerner.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Digital Health Market Highlights
2.2. Digital Health Market Projection
2.3. Digital Health Market Regional Highlights
Chapter 3. Global Digital Health Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter`s Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Service
3.4.2. IGR-Growth Matrix Analysis by End User
3.4.3. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Digital Health Market
Chapter 4. Digital Health Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Digital Health Market
5.2. Companies Profiles
5.2.1. Cisco Systems, Inc.
5.2.2. Qualcomm Technologies, Inc.
5.2.3. Merative
5.2.4. Epic Systems Corporation
5.2.5. Siemens Healthcare GmbH
5.2.6. GE HealthCare
5.2.7. Koninklijke Philips N.V.
5.2.8. IBM Corporation
5.2.9. Allscripts/ Veradigm
5.2.10. Oracle/ Cerner
Chapter 6. Global Digital Health Market by Service
6.1. Mobile Device
6.2. Cloud Based Solution
6.3. Big Data Analytics
6.4. Healthcare Mobility
Chapter 7. Global Digital Health Market by End User
7.1. Clinics
7.2. Government Hospitals
7.3. Specialty Hospital
7.4. General Hospital
Chapter 8. Global Digital Health Market by Region 2023-2030
8.1. North America
8.1.1. North America Digital Health Market by Service
8.1.2. North America Digital Health Market by End User
8.1.3. North America Digital Health Market by Country
8.1.3.1. The U.S. Digital Health Market
8.1.3.1.1. The U.S. Digital Health Market by Service
8.1.3.1.2. The U.S. Digital Health Market by End User
8.1.3.2. Canada Digital Health Market
8.1.3.2.1. Canada Digital Health Market by Service
8.1.3.2.2. Canada Digital Health Market by End User
8.1.3.3. Mexico Digital Health Market
8.1.3.3.1. Mexico Digital Health Market by Service
8.1.3.3.2. Mexico Digital Health Market by End User
8.2. Europe
8.2.1. Europe Digital Health Market by Service
8.2.2. Europe Digital Health Market by End User
8.2.3. Europe Digital Health Market by Country
8.2.3.1. Germany Digital Health Market
8.2.3.1.1. Germany Digital Health Market by Service
8.2.3.1.2. Germany Digital Health Market by End User
8.2.3.2. United Kingdom Digital Health Market
8.2.3.2.1. United Kingdom Digital Health Market by Service
8.2.3.2.2. United Kingdom Digital Health Market by End User
8.2.3.3. France Digital Health Market
8.2.3.3.1. France Digital Health Market by Service
8.2.3.3.2. France Digital Health Market by End User
8.2.3.4. Italy Digital Health Market
8.2.3.4.1. Italy Digital Health Market by Service
8.2.3.4.2. Italy Digital Health Market by End User
8.2.3.5. Rest of Europe Digital Health Market
8.2.3.5.1. Rest of Europe Digital Health Market by Service
8.2.3.5.2. Rest of Europe Digital Health Market by End User
8.3. Asia Pacific
8.3.1. Asia Pacific Digital Health Market by Service
8.3.2. Asia Pacific Digital Health Market by End User
8.3.3. Asia Pacific Digital Health Market by Country
8.3.3.1. China Digital Health Market
8.3.3.1.1. China Digital Health Market by Service
8.3.3.1.2. China Digital Health Market by End User
8.3.3.2. Japan Digital Health Market
8.3.3.2.1. Japan Digital Health Market by Service
8.3.3.2.2. Japan Digital Health Market by End User
8.3.3.3. India Digital Health Market
8.3.3.3.1. India Digital Health Market by Service
8.3.3.3.2. India Digital Health Market by End User
8.3.3.4. South Korea Digital Health Market
8.3.3.4.1. South Korea Digital Health Market by Service
8.3.3.4.2. South Korea Digital Health Market by End User
8.3.3.5. Australia Digital Health Market
8.3.3.5.1. Australia Digital Health Market by Service
8.3.3.5.2. Australia Digital Health Market by End User
8.3.3.6. Rest of Asia-Pacific Digital Health Market
8.3.3.6.1. Rest of Asia-Pacific Digital Health Market by Service
8.3.3.6.2. Rest of Asia-Pacific Digital Health Market by End User
8.4. RoW
8.4.1. RoW Digital Health Market by Service
8.4.2. RoW Digital Health Market by End User
8.4.3. RoW Digital Health Market by Sub-region
8.4.3.1. Latin America Digital Health Market
8.4.3.1.1. Latin America Digital Health Market by Service
8.4.3.1.2. Latin America Digital Health Market by End User
8.4.3.2. Middle East Digital Health Market
8.4.3.2.1. Middle East Digital Health Market by Service
8.4.3.2.2. Middle East Digital Health Market by End User
8.4.3.3. Africa Digital Health Market
8.4.3.3.1. Africa Digital Health Market by Service
8.4.3.3.2. Africa Digital Health Market by End User
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of digital health.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
For detailed insights into market dynamics, drivers, challenges, and opportunities, please refer to the complete report available from Infinium Global Research.
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