Global Digital Health Market Size, Share, Growth Analysis, By Technology Type(Tele-Healthcare, Healthcare Analytics), By Component(Software, Services) - Industry Forecast 2023-2030

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Global digital health market was valued at US$ 174.65 billion in 2021, and the market size is estimated to reach US$ 988.58 billion by 2028, at a CAGR of 28.10% over the forecast period (2022–2028).

The global digital health market players are using innovative strategies along with collaborations, mergers, and acquisitions deploying ways for enhancing the Healthcare Infrastructure and equipping it with future-ready digital advancements. Cloud computational technology and Artificial Intelligence are among the top used technologies among market players to generate high market share and have a competitive edge. 'Allscripts (US)', 'Cerner Corporation (US)', 'Mckesson Corporation (US)', 'Epic Systems Corporation (US)', 'QSI Management, LLC (US)', 'AT&T (US)', 'AirStrip Technologies (US)', 'Softserve (US)', 'Google, Inc. (US)', 'Samsung Electronics Co. Ltd (South Korea)', 'Hims (US)', 'NextGen Healthcare, Inc. (US)'

Governmental initiatives and expenditures for Tech-enhanced healthcare to drive global digital health market

Increasing demand for improving workflow efficiency in clinics, hospitals, and other healthcare facilities is driving up demand for mHealth services, assisting market growth. Furthermore, ongoing technological breakthroughs for producing advanced digital solutions, as well as an increasing number of favorable initiatives by the government and commercial sectors, are adding to overall market growth. For instance, researchers at the University of Illinois created a camera to boost smartphone diagnostic functions. The mHealth technology type sector had the biggest revenue share in 2020.

North America dominated the digital health market in 2021 and is expected to maintain its dominance throughout the forecast period. The growth in the region attributes to technological advancement. The rising expenditure on healthcare and IT healthcare infrastructure by the government and the adoption of emerging lucrative health advancing technologies is contributing to market growth. Along with this the rise in the use of smartphones and digitally equipped devices are providing ease of accessibility to individuals. Growing health awareness and increase in chronic disorders pertaining to hectic lifeways in inclining people healthcare vigilance and utilise the digital health services aided with healthcare analytics, health tracker, online doctor consultation, and diet trackers.

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- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Global Digital Health Market Size, Share, Growth Analysis, By Technology Type(Tele-Healthcare, Healthcare Analytics), By Component(Software, Services) - Industry Forecast 2023-2030

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