Digital Health Market Outlook by Component, Applications and Competitive Landscape 2023-2029
Digital Health Market Overview
In 2022, the global market for the "Digital Health Market" achieved a total valuation ofUS$ 280.45 Bn. It is projected to experience a compound annual growth rate (CAGR) of 14 percent throughout the forecast period, reaching a substantial value of US$ 701.78 Bn. by 2029. Maximize Market Research's comprehensive report on the Digital Health market provides a detailed examination of regional dynamics and a competitive landscape.
Driving Forces Behind the Digital Health Boom
Remote Monitoring Revolution: The surge in demand for remote monitoring services and the prevalence of chronic diseases are fueling the digital health market's growth.
Technological Renaissance: A burgeoning IT infrastructure and a surge in remote patient monitoring services are expected to be the driving force behind the market's upward trajectory.
Mobile Marvel: The widespread use of smartphones has given rise to an array of healthcare applications, revolutionizing the way we approach health.
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Digital Health Market Report Scope and Research Methodology
The Digital Health Market report encompasses insights into the primary catalysts, obstacles, and significant limitations within the industry. It also incorporates prevailing trends and notable market developments, providing clients with a comprehensive understanding of potentially profitable prospects. Throughout the forecast period, the report offers estimations of market size and growth rates. Regional market analysis is conducted at local, regional, and global scales to comprehend market penetration, competitive landscape, pricing dynamics, and demand assessment. Research tools like SWOT, PESTLE and Porter were used for the Digital Health Market analysis for the Micro and macro factors affecting the Digital Health Market presented. Thus the report act as a guide for investors, stakeholders, and market followers of the market.
Digital Health Market Regional Insights
The report provides an in-depth examination of various factors, encompassing market size, growth rate, and import-export dynamics within different regions. The application of Regional Analysis within the report aims to grasp the current status of the Digital Health market across diverse countries. The Digital Health market is broadly categorized into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Digital Health Market Segmentation
Software Takes the Lead: In 2020, the software segment dominated the market with a 40% share. Expect this trend to continue with a projected 4.9% CAGR. From electronic health records to mHealth and healthcare analytics, software is propelling the industry forward.
Hardware's Steady Climb: The hardware segment is set to grow at a 3% CAGR. With increased investments in digital infrastructure, the demand for software upgrades and installations is on the decline.
mHealth: Mobile Health Triumphs: mHealth accounted for 22% of the market in 2022. This segment is poised for a 4.2% CAGR ride, driven by an upsurge in remote monitoring devices and smartphone users.
Telemedicine's Growth Spurt: Telemedicine is anticipated to grow at an impressive 5.2% CAGR. With relaxed regulatory standards and reduced costs compared to traditional care, it's winning hearts globally.
by Component
Hardware
Software
Services
by Categories
Telemedicine
Data Analytics
mHealth apps
Clinical decision support
Wearable Sensors
Others
by End User
Healthcare Providers
Payers
Healthcare Consumers
Others
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Digital Health Market Key Players
1. Allscripts Healthcare Solution, Inc.
2. Cerner Corporation
3. Cisco systems
4. eCLINICALWORKS
5. General Electric Company
6. Koninklijke Philips N.V
7. Honeywell International Inc.
8. Mckesson Corporation
9. Siemans Healthcare AG
10.Qualcomm technologies, Inc.
11.Samsung Electronics Co., Ltd.
12.HiMS
13.Orange
14.Qualcomm Technologies, Inc.
15.Softserve
16.MQure
17.Computer Programs and Systems, Inc.
18.Vocera Communications
19.IBM Corporation
Key questions answered in the Digital Health Market are:
What is Digital Health?
What was the Digital Health market size in 2022?
What is the growth rate of the Digital Health Market?
Which are the factors expected to drive the Digital Health market growth?
What are the different segments of the Digital Health Market?
What growth strategies are the players considering to increase their presence in Digital Health?
What are the upcoming industry applications and trends for the Digital Health Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Digital Health Market?
What is the demand pattern of the Digital Health Market?
What major challenges could the Digital Health Market face in the future?
What segments are covered in the Digital Health Market?
Who are the leading companies and what are their portfolios in Digital Health Market?
What segments are covered in the Digital Health Market?
Who are the key players in the Digital Health market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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