Digital Health Market is Expected to Reach $549.7 billion | MarketsandMarkets.

Chicago, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Digital Health market in terms of revenue was estimated to be worth $180.2 billion in 2023 and is poised to reach $549.7 billion by 2028, growing at a CAGR of 25.0% from 2023 to 2028 according to a latest report published by MarketsandMarkets™. The increasing demand for remote healthcare solutions, advancements in technology and digital infrastructure, rising healthcare costs and the need for cost-effective solutions are some of the key factors driving the growth of this market.

Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=45458752

Digital Health Market Scope:

Report Coverage	Details
Market Revenue in 2023	$180.2 billion
Estimated Value by 2028	$549.7 billion
Growth Rate	Poised to grow at a CAGR of 25.0%
Market Size Available for	2021-2028
Forecast Period	2023-2028
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Offering, Technology, Application, End User,And Region
Geographies Covered	North America (US, and Canada), Europe (Germany, France, UK, and the RoE), Asia Pacific (Japan, China, India, and RoAPAC), Latin America and MEA
Report Highlights	Updated financial information / product portfolio of players
Key Market Opportunity	Increasing advancements and adoption in digital health
Key Market Driver	Increasing penetration of smartphones, tablets, and other mobile platforms

However, limited access to digital healthcare in underserved areas, resistance to technology adoption in healthcare are some of the factors expected to restrain the growth of this market in the coming years.

On the basis of offering, the digital health market is segmented into hardware, software, services and applications. In 2022, the software segment accounted for the largest market share of the global digital health market. The largest share of software in digital health market is attributed to the swift adoption of these software solutions by a wide range of stakeholders, including patients, hospitals, healthcare providers, and insurance payers.

On the basis of application, the digital health market is segmented into chronic disease management, behavioral health, health & fitness and others. The chronic disease management segment accounted for the largest share of the market. The largest share can be attributed to increasing geriatric population and chronic diseases, rising awareness of personalized care and expansion of telehealth.

On the basis of technology, the digtal health market is segmented into mHealth, telehealthcare, digital therapeutics and health management solutions. The telehealthcare segment accounted for the largest share of the global market in 2022. The increased demand for remote care, technological advancements, integration with EHRs, and consumer adoption are driving the growth of the market.

On the basis of end user, the digital health market is segmented into providers, payers and patients & consumers. In 2022, the providers segment accounted for the largest share of the digital health market. The strong demand for patient centric approach, integration with clinical care, insurance and payment integration and rising transparency of data access and control are driving the growth of this end-user segment.

The global digital health market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Middle East & Africa and Latin America. In 2022, North America accounted for the largest share of regional market for digital health. North America, which comprises the US, and Canada forms the largest market for digital health. Presence of key established players, rising chronic disease prevalence, supportive regulatory environment, and high focus on R&D & substantial investment are some of the major factors responsible for the large share of this market.

Buy a Digital Health Industry Report (301 Pages PDF with Insightful Charts, Tables, and Figures): https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=45458752

Digital Health market major players covered in the report, such as:

• Koninklijke Philips N.V. (Netherlands)
• Medtronic (Ireland)
• GE HealthCare (US)
• Abbott (US)
• OMRON Corporation (Japan)
• Fitbit, Inc. (A Google Company) (US)
• Johnson & Johnson Private Limited (US)
• Siemens Healthineers AG (Germany)
• Masimo (US)
• Apple, Inc. (US)
• Merative (US)
• AT & T, Inc. (US)
• Veradigm LLC (US)
• Noom, Inc. (US)
• Teladoc Health, Inc. (US)
• Omada Health Inc. (US)
• Dexcom, Inc. (US)
• Biotricity (US)
• iHealth Labs Inc (US)
• my mhealth Limited (UK)
• athenahealth (US)
• eClinicalWorks (US)
• AirStrip Technologies, Inc (US)
• AdvancedMD, Inc. (US)
• Qardio, Inc. (US)
• and Among Others

Request for FREE Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=45458752

The study categorizes the Digital Health market into the following segments and subsegments:

Digital Health market, By Offering

• Software
  • Subscription Based
  • Annual Licensing
• Services
  • Subscription Based
  • Pay-Per-Service (Value-based)
• Application (Apps)
  • Subscription based
  • One-time Purchase
  • Value-Based
• Hardware                           

Digital Health market, By Technology                                   

• mHealth
  • mHealth Devices
    • Vital Signs Monitors
    • Peakflow Meters
    • Fetal Monitors
    • Sleep Apnea Monitors
    • Neurological Monitors
    • Others
• mHealth Apps
  • Fitness Apps
  • Medical Apps    
• Telehealth
  • Telecare
    • Activity Monitoring
    • Remote Medication Management
  • Telehealth
    • LTC Monitoring
    • Video Consultation
• Digital Therapeutics
  • Preventive Therapeutics
  • Treatment Therapeutics
• Healthcare Management Systems
  • EHR
  • Healthcare Anlaytics
  • E-prescribing

Digital Health market, by Application

• Chronic Disease Management
• Behavioural Health
• Health & Fitness
• Other Applications

Digital Health market, By End User

• Provider
  • Hospitals & Clinics
  • Long term care facilities & Assisted Living             
• Payers
  • Public
  • Private
• Patients & Consumers  

Digital Health Market, By Region

• North America  
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Rest of Europe
• Asia Pacific         
  • Japan
  • China
  • India
  • Rest of Asia Pacific
• Latin America
• MEA

Recent Developments:

• In May 2023 Medtronic (Ireland) acquired EOFlow Co. Ltd. (South Korea) to expand its ability to treat patients with diabetes.
• In March 2023, GE HealthCare (US) partnered with Advantus Health Partners (US) to sign a multi-year contract to expand access to Healthcare Technology Management Services.
• In April 2023, Abbott (US) acquired Cardiovascular Systems, Inc. (CSI) (US) to gain a complementary treatment option for vascular illness. The highly advanced atherectomy technology from CSI prepares vessels for angioplasty or stenting to restore blood flow.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=45458752

Key Stakeholders:

• Healthcare providers
• Patients
• Wireless device manufacturers
• Healthcare technology suppliers
• Health IT Companies
• Pharmaceutical Companies
• Telecommunication Companies
• Application developers and app stores
• Medical Device Manufacturers
• Government and Regulatory Bodies
• Healthcare Payers
• Internet identity management, privacy, and security companies
• Sensor, presence, location, and detection solution providers
• Data management and predictive analysis companies
• Health Data Analytics Providers
• Research institutions

Report Objectives:

• To define, describe, and forecast the global Digital Health market based on offering, application, technology, end user, and region
• To provide detailed information regarding the major factors (such as drivers, restraints, opportunities, and challenges) influencing the market growth
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall Digital Health market
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To strategically analyze the market structure and profile the key players of the Digital Health market and comprehensively analyze their core competencies
• To forecast the size of the market segments with respect to four regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
• To track and analyze competitive developments such as product launches, acquisitions, partnerships, agreements, and collaborations in the Digital Health market during the forecast period

Related Reports:

Digital Twins in Healthcare Market

Digital Diabetes Management Market

mHealth Solutions Market

Edge Computing in Healthcare Market

Quantum Computing in Healthcare Market

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/digital-health-market.asp

Content Source: https://www.marketsandmarkets.com/PressReleases/digital-health.asp

            About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com