The Report Digital Health Market by Component (Hardware, Software, Services), by Categories (Telemedicine, Data Analytics, mHealth apps, Clinical decision support, Wearable Sensors, Others) And by End User (Healthcare Providers, Payers, Healthcare Consumers, Others) Overview Analysis of the World's Leading Suppliers, Sales, Trends and Forecasts up to 2029
Digital Health encompasses the fusion of electronic communications with healthcare processes. From diagnostics to health records and cost-effective solutions, it's paving the way for efficient and comprehensive patient care. 🩺💬
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The size of the Digital Health market was estimated at US$ 280.45 billion in 2022, and from 2023 to 2029, total revenue is projected to increase by 14%, or roughly US$ 701.78 billion.
Rising investments in digital infrastructure and declining demand for software installation and upgrades.
In 2020, the Software category held a 40% share of the market when broken down by component. The software market has grown as a result of how well the most recent mobile applications are received in healthcare. Through the projection period, the software segment is anticipated to increase at a CAGR of 4.9%. Divisions such as electronic health records, mHealth, healthcare analytics, etc., as well as growing consumer awareness of digital health to keep track of everyday activities, are anticipated to drive market expansion throughout the course of the forecast year.
Over the course of the projection period, the hardware segment is anticipated to expand at a CAGR of 3%. Through the forecast .
the anticipated period, these variables are anticipated to fuel market expansion.
In terms of categories, mHealth held a 22% market share in 2022. The market is expanding due to the rising frequency of cardiovascular illnesses and related mobile health devices. The forecast period is predicted to see mHealth grow at a CAGR of 4.2%. Through the course of the forecast period, factors such as an increase in demand for remote monitoring devices, a rise in smartphone adoption, and the prevalence of hypertension are anticipated to propel market expansion for the category.
The forecast period is likely to see telemedicine develop at a CAGR of 5.2%. People now feel more at ease with digital contacts as a result of regulatory norms being loosened, which are less expensive than traditional care.
Digital Health Market Key Players:
2. Cerner Corporation
3. Cisco systems
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.
14.Qualcomm Technologies, Inc.
17.Computer Programs and Systems, Inc.
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