Digital Health Market to Grow with a CAGR of 5.25% through 2029F
Rising demand
for telemedicine and remote patient monitoring are factors driving the Global
Digital Health Market in the forecast period 2025-2029.
According
to TechSci Research report, “Digital Health Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2029”, the
Global Digital Health Market stood at USD 180.72 Billion in 2023 and is
anticipated to grow with a CAGR of 5.25% through 2029. Telemedicine
and remote patient monitoring have emerged as cornerstones of modern healthcare
delivery, especially in the wake of the COVID-19 pandemic. These technologies
enable healthcare providers to deliver timely and accessible care to patients
regardless of geographical barriers, enhancing patient convenience and reducing
healthcare costs. Telemedicine platforms allow for virtual consultations,
remote diagnosis, and electronic prescriptions, enabling patients to receive
quality care from the comfort of their homes.
Remote patient monitoring solutions leverage wearable devices and IoT-enabled
sensors to track patients' vital signs, medication adherence, and disease
progression in real-time. These data-driven insights empower healthcare
providers to proactively intervene in patients' care, prevent adverse events,
and optimize treatment outcomes. The growing adoption of telemedicine and
remote patient monitoring is driving the expansion of the global digital health
market, as healthcare organizations seek innovative solutions to improve
patient access, engagement, and outcomes.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on
"Global Digital Health Market”
The
Global Digital Health Market is segmented into technology, component, region and
company.
In 2023, Healthcare Analytics emerged as the dominating segment in the global
Digital Health market. Healthcare Analytics encompasses the use of data
analysis tools and techniques to extract actionable insights from healthcare
data, driving informed decision-making and improving patient outcomes. The
increasing digitization of healthcare records, coupled with the growing volume
of health data generated from electronic medical records, wearable devices, and
other sources, has fueled the demand for advanced analytics solutions.
Healthcare organizations are leveraging analytics to optimize clinical
workflows, enhance operational efficiency, and identify trends and patterns
that can inform care delivery and population health management strategies. The emphasis on value-based care and outcomes-driven approaches has propelled
the adoption of healthcare analytics solutions, as providers seek to improve
quality of care while containing costs. The integration of artificial
intelligence and machine learning capabilities into analytics platforms has
further enhanced their predictive and prescriptive capabilities, enabling
proactive interventions and personalized care delivery.
Based on the category of component, In the
forecast period, the Services segment is anticipated to experience the fastest
growth in the global Digital Health market among Software, Hardware, and
Services components. Services in the digital health context encompass a broad
range of offerings, including consulting, implementation, training,
maintenance, and support services. As healthcare organizations increasingly
adopt digital health solutions, there is a growing demand for specialized
expertise and support to navigate complex technologies and maximize their
benefits. Service providers play a crucial role in assisting healthcare
providers in the selection, implementation, and optimization of digital health
solutions tailored to their specific needs and workflows.
The shift towards value-based care models and emphasis on patient-centric
approaches drive the demand for consulting and implementation services focused
on optimizing care delivery, improving patient engagement, and enhancing
population health outcomes. As a result, the Services segment is poised to
experience significant growth in the global Digital Health market, reflecting
the essential role of service providers in facilitating the successful adoption
and integration of digital health technologies in healthcare ecosystems.
North
America stands at the forefront of digital health innovation, propelled by its
high level of internet penetration, ubiquitous smartphone usage, and a
population deeply immersed in technology. With a tech-savvy populace accustomed
to digital conveniences in daily life, the region offers fertile ground for the
widespread adoption of digital health solutions.
Telehealth
services have witnessed a surge in popularity, allowing patients to connect
with healthcare providers remotely, eliminating geographical barriers to care.
This accessibility is particularly crucial in remote or underserved areas,
where traditional healthcare infrastructure may be lacking. Similarly, remote
patient monitoring technologies, leveraging wearable devices and IoT sensors,
empower individuals to proactively manage their health and enable healthcare
providers to deliver personalized care outside traditional clinical settings. Health information exchange platforms facilitate seamless data sharing among
healthcare professionals, enhancing care coordination and efficiency while
ensuring patient privacy and security. These innovations not only improve
healthcare accessibility but also contribute to better health outcomes, marking
North America as a trailblazer in the global digital health landscape.
Major
companies operating in Global Digital Health Market are:
- Oracle Corporation
- ANP Technologies Inc.
- Apple Inc.
- Telefónica S.A.
- Google LLC
- Mckesson Corporation
- Epic Systems Corporation
- Quality Services International, LLC
- AirStrip Technologies, Inc.
- Samsung Electronics Co., Ltd
Download Free Sample Report
Customers
can also request 10% free customization in this report
“The
global digital health market is propelled by a convergence of factors,
including technological advancements, changing healthcare paradigms, and
supportive regulatory environments. As the industry continues to evolve,
stakeholders can anticipate further innovations, collaborations, and
investments that will shape the future of digital health, ultimately
contributing to improved patient care and healthcare system efficiencies on a
global scale”, said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
“Digital Health Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Technology (Tele-healthcare (Telecare, Telehealth), mHealth (Wearables, mHealth Apps, Services), Healthcare Analytics, Digital Health Systems(HER, E-Prescribing Systems), By Component (Software, Hardware, Services), By Region and Competition, 2019-2029F”, has evaluated the future growth potential of
Global Digital Health Market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Digital
Health Market.
Contact
TechSci
Research LLC
420
Lexington Avenue, Suite 300,
New
York, United States- 10170
Tel:
+1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com