Digital Health Industry | Forecast 2030
Digital Health Industry Data Book Covers Tele-Healthcare, mHealth, Healthcare Analytics and Digital Health System Markets.
The global digital health Industry size was valued at USD 211.0 billion in 2022, and it is expected to reach USD 809.2 billion by 2030. The projected to grow at a compound annual growth rate (CAGR) of 18.6% from 2023 to 2030.
The digital health industry data book, compiled by Grand View Research, is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research along with a digital healthcare statistics e-book.
mHealth Market Insights
The global mHealth market size was valued at USD 56.8 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 10.8% from 2023 to 2030.
The mHealth apps segment dominated the market for mHealth and accounted for the largest revenue share of 76.5% in 2022. Increasing penetration of the internet and smartphones and the growing adoption of mobile health apps by healthcare professionals and the patient population are the factors responsible for the high market value of the segment.
In addition, the growing prevalence of chronic diseases, coupled with the high adoption of remote patient management technologies is anticipated to provide growth to the mHealth apps segment at the fastest rate over the forecast period.
The monitoring services segment dominated the market for mHealth and accounted for the highest revenue share of 61.5% in 2022. The growing incidence of infectious and chronic diseases coupled with rising demand for remote monitoring platforms in post-acute care are among the major factors that drive the growth of the segment.
By participants, the mobile operators segment dominated the market for mHealth and accounted for the largest revenue share of 46.6% in 2022. An increase in the number of mobile subscribers and improvements in network infrastructure are major factors responsible for the highest share of the segment.
Besides, the content players segment is anticipated to witness the fastest growth rate during the forecast years. The increasing trend of using smartphones, coupled with the rapid development of several healthcare mobile apps are the factors likely to boost the growth of this segment.
Access the Global Digital Health Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Healthcare Analytics Market Insights
The global healthcare analytics market size was valued at USD 35.3 billion as of 2022 and is expected to expand at a compound annual growth rate (CAGR) of 21.4% from 2023 to 2030.
The descriptive analysis type had the largest market share of 36.1% in 2022. Descriptive analytics has been widely used during the pandemic to study historical data and patient histories to study the spread of virus, which has been a key factor driving growth in this segment.
The largest component in the healthcare analytics was the services segment with a market share of 37.5% as of 2022. The healthcare industry has been investing substantial amount of capital in the IT industry for the development of platforms, digitization of data for analytics. The majority of the companies do not have a data analytics component in their companies due to which they are outsourcing the data analytics aspect of their IT.
The largest market share of 48.6% was held by on-premises delivery mode in 2022. Majority of institutions are currently installing software and tools to store data at their own premises due to ease of access and security, resulting in the large market share of this type of delivery.
The largest market share of 36.0% was held by financial applications in 2022 and is anticipated to register the fastest growth rate of 22.2%. The healthcare institutions and organizations are continually striving to minimize cost of treatment, yet delivering better care to patients, this has been the reason for growth of this segment.
In 2022, the largest market share of 46.5% was held by life science companies. Currently, the largest users of analytical tools and platforms are the life-science companies for reducing costs of their products, increasing profit margins, and producing better products, which are driving faster adoption and growth in the segment.
Digital Health Market – Global Industry Segmentation
Digital Health Market - Segment Analysis, By Technology
- Activity Monitoring
- Remote Medication Management
- LTC Monitoring
- Video Consultation
- BP Monitors
- Glucose Meters
- Pulse Oximeters
- Sleep Apnea Monitors
- Neurological Monitors
- Activity Trackers/ Actigraphs
- mHealth Apps
- Medical Apps
- Fitness Apps
- mHealth Service, By Type
- Monitoring Services
- Independent Aging Solutions
- Chronic Disease Management & Post-Acute Care Services
- Diagnosis Services
- Healthcare Systems Strengthening Services
- mHealth Services, By Participants
- Mobile Operators
- Device Vendors
- Content Players
- Healthcare Providers
- Healthcare Analytics
- Digital Health SystemsEHR
- E-Prescribing Systems
Digital Health - Segment Analysis, By Component
Order your copy of the Free Sample of “Digital Health Industry Data Book - Tele-Healthcare, mHealth, Healthcare Analytics and Digital Health System Market Size, Share, Trends Analysis, And Segment Forecasts, 2022 - 2030” Data Book, published by Grand View Research
Digital Health Industry Data Book Regional Outlook
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa (MEA)
- South Africa
- United Arab Emirates
- Saudi Arabia
Digital Health Industry Data Book Competitive Landscape
Increasing demand for technologically advanced digital health platforms and services are increasing competition in the market and thus, forcing key players to introduce new solutions in the market.
Key players operating in the digital health industry are –
- Apple Inc.
- AirStrip Technologies
- Google Inc.
- Qualcomm Technologies, Inc.
- CISCO Systems, Inc.
- Vocera Communications
- IBM Corporation (IBM Watson Health)
Go through the table of content of Digital Health Industry Data Book to get a better understanding of the Coverage & Scope of the study
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.