Digital Health Market Size, Trends and Insights By Technology [Tele-healthcare {Telecare (Activity Monitoring, Remote Medication Management), By Telehealth (LTC Monitoring, Video Consultation)}, By mHealth {Wearables (BP Monitors, Glucose Meter, Pulse Oximeter, Sleep Apnea Monitors, Neurological Monitors), By Apps (Medical, Fitness)}, By Health Analytics, By Digital Health System (EHR, e-prescribing System)], By Component [Hardware, Software, Services], Industry Analysis Report, Regional Outlook Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023 – 2032


Report Code: CMI19027

Published Date: September 2022

Pages: 220+

Category: Healthcare

Report Snapshot

CAGR: 17.5%
181.6B
2021
218.7B
2022
810.12B
2030

Source: CMI

Study Period: 2022-2030
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Apple Inc.
  • Telefónica S.A.
  • CISCO Systems Inc.
  • Cerner Corporation
  • Others

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Reports Description

According to Custom Market Insights (CMI), The Global Digital Health Market size was estimated at USD 181.6 billion in 2021 and is expected to reach USD 218.7 billion in 2022 and is expected to hit around USD 810.12 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 17.5% from 2022 to 2030.

The treatment of chronic diseases from remote locations is known as digital health, which refers to using information and communication technology in the healthcare industry. The market for digital health encompasses telehealth and telemedicine, wearable technology, mobile health (mHealth), health information technology (IT), and customized medicine.

 It provides a range of services that allow customers to manage chronic diseases and diagnose life-threatening illnesses early. Software, hardware, and services are all heavily involved in digital health, which integrates digital transformation in the healthcare industry. In addition, the expanding elderly population, childhood illnesses and deaths, high costs and poverty-related problems, and racial prejudice connected to access to health care have made technical and medical improvements necessary.

Additionally, pandemics and epidemics have elevated the relevance of digital health, which is still developing and driving the market’s growth throughout the projection period. The market is driven by two key factors: the expanding requirement for quick and accurate information acquisition and the growing desire to reduce medical costs. Additionally, the adoption of digital health market software solutions will be influenced by consumer shifts toward value-based care, increased demand for effective management of organizational workflows in healthcare organizations, and various private and public initiatives to build healthcare IT infrastructure.

The delivery and consumption of services within the healthcare ecosystem are changing. This is brought on by the pressing demand for a decentralized, inclusive, high-quality, and cost-effective healthcare delivery approach. Digital health will significantly enhance the continuum of care by offering solutions that assist people from conception to the end of their lives, from well to sick, from birth to death. It will be easier to accomplish various goals by changing the way healthcare is delivered from curative to preventive, including improving resource efficiency, lowering costs, increasing accessibility, and improving quality.

 The new digital health model will be essential in assisting developing nations in tackling several healthcare delivery challenges, including expanding access, raising costs, improving quality, and ensuring safety. Healthcare services are significantly hampered in many developing countries, particularly in rural areas, by a severe lack of infrastructure and resources.

Growth Factors.

Smartphones are becoming more than just communication and entertainment tools; they are now fitness and health trackers. Market participants are creating cutting-edge mobile applications to monitor everyday activities, including fitness, exercise, nutrition, and well-being, providing consumers with high-quality healthcare and comfort.

Mobile apps also allow consumers to find out about medical questions, make appointments, monitor consultations, save medical information, and track and obtain prescription medications. In addition, technology behemoths Apple, IBM, and Google are concentrating on boosting data security features and improving the mobile health experience by providing a variety of subscription options, which is anticipated to support the expansion of the digital health industry. 

The market for telehealth and teleconsultation services is driven by the fast-increasing incidence rate of chronic diseases, including Alzheimer’s, diabetes, cardiovascular diseases, and cancer, requiring long-term care and patient monitoring services. As a result, telemedicine and telehealth services are quickly embraced by the medical community and acknowledged by the public and private players.

Additionally, businesses are creating chatbot services to provide first consultations or respond to simple medical questions. Positive government measures increased technical partnerships among market participants, and the limitations brought on by the Covid-19 epidemic all encourage the developing trend of digitalization in healthcare. In long-term care services and institutions, digital health technologies like telecare and remote patient monitoring are commonly used.

Different governments in prosperous and emerging economies have changed the laws governing the use of digital technology in healthcare. As a result, there has been an increase in the adoption of digital health technology, which is helping the sector thrive. Furthermore, the need for EHR solutions and healthcare analytics has also increased due to the high number of cases and the necessity to monitor the long-term effects of vaccinations. The impact is anticipated to accelerate the uptake of digital health, hence promoting industry growth. As a result, digital health is becoming more widely accepted.

Moreover, the healthcare innovation industry is anticipated to expand due to the ongoing need for innovation. Over the past ten years, consumer demand for more convenience, personalization, and quality has propelled innovation in nearly every industry. Consumers’ expectations for their healthcare experiences align with those for their shopping, travel, entertainment, and hospitality experiences.

Additionally, business clients that drive innovation include patients and healthcare providers. In response to consumer expectations for better, faster, more intuitive, and more effective healthcare goods, the same technological breakthroughs occurring for years in consumer sectors are now being applied to the healthcare business. These factors support the growth of the digital healthcare market during the forecast period.

Digital Health market segmentation.

Digital Health Market, a segment based on Product & Service

Based on product & service, the rise in the incidence of chronic illnesses, the surge in demand for telehealth & telemedicine, and the increase in internet users, the eHealth category is predicted to expand at the highest CAGR throughout the projected period.

Due to the rising incidence of hypertension, the need for remote monitoring services, and the rising number of smartphone users, the mHealth category is anticipated to have significant market growth throughout the forecast period.

Global Digital Health Market 2023 – 2032 (By Component)

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Digital Health Market, a segment based on component

The market for digital health is anticipated to be dominated by the software category, which is currently the industry leader. However, the need for software components is growing due to advancements in healthcare information technology, increased demand for healthcare cost reduction, and development in the requirement for organized data and workflow in the healthcare business.

 Technological advancements have dramatically increased the popularity of the most recent mobile healthcare applications. As a result, the software sector is expected to grow since various software applications are affordable. Additionally, the public’s concern for their fitness and health and understanding of different digital health technologies to monitor daily activities will raise market demand.

Due to the rising need for different services like installation, staffing, training, maintenance, and other similar services, the services sector is growing the digital health market during the forecast period. Players in the market are either offering these services separately or in bundles. The rise of the services sector is fueled by the rising need for cutting-edge software platforms and solutions, such as electronic medical records, and the increasing demand for the upgrades and training needed to operate these software systems.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 181.6 Billion
Projected Market Size in 2030 USD 810.12 Billion
CAGR Growth Rate 17.5% CAGR (2022-2030)
Base Year 2022
Forecast Period 2023-2032
Prominent Players Apple Inc., Telefónica S.A., CISCO Systems Inc., Cerner Corporation, QSI Managemen LLC, Allscripts, AT&T, Vodafone Group, AirStrip Technologies, IBM Corporation, Mckesson Corporation, Epic Systems Corporation, Google Inc., Samsung Electronics Co. Ltd., HiMS, Softserve, MQure, Computer Programs and Systems Inc., Vocera Communications, Orange, Qualcomm Technologies Inc., and Others
Key Segment By Product & Service, Component, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfill your requirements for research.

Regional Insights

In the digital health industry, North America has had a leading position and is expected to continue doing so over the projection period. The growing frequency of chronic illnesses and the region’s aging population are mostly to blame for the surge. The United Nations World Population Ageing research published in 2015 predicted that by the year 2050, 28% of the population would be over one.

The industry is also growing fast due to the widespread usage of wireless & mobile health services and the popularity of mHealth apps. Further factors influencing the growth of the digital health market in North America include expanding public awareness of cutting-edge medical device applications and rising EHR adoption in hospital-owned ambulatory care. In the upcoming years, market growth is anticipated to be supported by the rising smartphone penetration rate and the expanding number of mobile subscribers. 

Additionally, the market is expanding as more healthcare practitioners use mHealth applications to engage patients in real-time and enhance the quality of service. For the remote treatment of chronic illnesses, for instance, Glooko, Inc. offers patient services for calorie and glucose monitoring.

In the coming years, Asia Pacific is expected to grow at the quickest rate due to improvements in IT infrastructure and the introduction of entrepreneurial endeavors, impacting the market’s growth. The Asia Pacific market is expanding due to increasing smartphone use, growing used of activity trackers and wearables, and expanding demand for healthcare analytics. In addition, positive adjustments to data privacy and cyber security regulations assist the market’s expansion and development. The industry’s growth is fueled by rising government investment and support for remote patient monitoring to guarantee that populations in emerging nations have access to inexpensive and reliable healthcare services.

Key Players

  • Apple Inc.
  • Telefónica S.A.
  • CISCO Systems Inc.
  • Cerner Corporation
  • QSI Managemen LLC
  • Allscripts
  • AT&T
  • Vodafone Group
  • AirStrip Technologies
  • IBM Corporation
  • Mckesson Corporation
  • Epic Systems Corporation
  • Google Inc.
  • Samsung Electronics Co. Ltd.
  • HiMS
  • Softserve
  • MQure
  • Computer Programs and Systems Inc.
  • Vocera Communications
  • Orange
  • Qualcomm Technologies Inc

Recent Development

  • Philips revealed in February 2021 that it had successfully acquired BioTelemetry, Inc., a significant American supplier of remote cardiac diagnosis and monitoring. Phillips anticipates that this purchase approach will aid in the market-wide expansion of both its client base and company portfolio.

Global Digital Health Market 2023 – 2032 (By Billion)

www.custommarketinsight.com

Segments covered in the report

By Technology

  • Telehealthcare
    • Telecare
      • Activity Monitoring
      • Remote Medication Management
    • Telehealth
      • LTC Monitoring
      • Video Consultation
  • mHealth
    • Wearables
      • BP Monitor
      • Glucose Meter
      • Pulse Oximeter
      • Sleep Apnea Monitors
      • Neurological Monitors
      • Others
    • Apps
      • Medical apps
      • Fitness apps
  • Healthcare analytics
  • Digital health systems
    • Electronic health record (EHR)
    • E-prescribing systems

By Component

  • Hardware
  • Software
  • Services

On the basis of Geography

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Digital Health Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Digital Health Market : snapshot
  • Chapter 3. Global Digital Health Market – Industry Analysis
    • 3.1 Digital Health Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Smartphones
      • 3.2.2 Fitness
      • 3.2.3 Health Trackers
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Technology
      • 3.7.2 Market attractiveness analysis By mHealth
      • 3.7.3 Market attractiveness analysis By Healthcare analytics
      • 3.7.4 Market attractiveness analysis By Digital health systems
      • 3.7.5 Market attractiveness analysis By Component
  • Chapter 4. Global Digital Health Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Digital Health Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Digital Health Market – Technology Analysis
    • 5.1 Global Digital Health Market overview: By Technology
      • 5.1.1 Global Digital Health Market share, By Technology, 2021 and 2030
    • 5.2 Telehealthcare
      • 5.2.1 Global Digital Health Market by Telehealthcare, 2022 – 2030 (USD Billion)
    • 5.3 Telehealth
      • 5.3.1 Global Digital Health Market by Telehealth, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Digital Health Market – mHealth Analysis
    • 6.1 Global Digital Health Market overview: By mHealth
      • 6.1.1 Global Digital Health Market share, By mHealth, 2021 and 2030
    • 6.2 Wearables
      • 6.2.1 Global Digital Health Market by Wearables, 2022 – 2030 (USD Billion)
    • 6.3 Apps
      • 6.3.1 Global Digital Health Market by Apps, 2022 – 2030 (USD Billion)
  • Chapter 7. Global Digital Health Market – Healthcare analytics Analysis
    • 7.1 Global Digital Health Market overview: By Healthcare analytics
      • 7.1.1 Global Digital Health Market share, By Healthcare analytics, 2021 and 2030
  • Chapter 8. Global Digital Health Market – Digital health systems Analysis
    • 8.1 Global Digital Health Market overview: By Digital health systems
      • 8.1.1 Global Digital Health Market share, By Digital health systems, 2021 and 2030
    • 8.2 Electronic health record (EHR)
      • 8.2.1 Global Digital Health Market by Electronic health record (EHR), 2022 – 2030 (USD Billion)
    • 8.3 E-prescribing Systems
      • 8.3.1 Global Digital Health Market by E-prescribing Systems, 2022 – 2030 (USD Billion)
  • Chapter 9. Global Digital Health Market – Component Analysis
    • 9.1 Global Digital Health Market overview: By Component
      • 9.1.1 Global Digital Health Market share, By Component, 2021 and 2030
    • 9.2 Hardware
      • 9.2.1 Global Digital Health Market by Hardware, 2022 – 2030 (USD Billion)
    • 9.3 Software
      • 9.3.1 Global Digital Health Market by Software, 2022 – 2030 (USD Billion)
    • 9.4 Services
      • 9.4.1 Global Digital Health Market by Services, 2022 – 2030 (USD Billion)
  • Chapter 10. Digital Health Market – Regional Analysis
    • 10.1 Global Digital Health Market Regional Overview
    • 10.2 Global Digital Health Market Share, by Region, 2021 & 2030 (USD Billion)
    • 10.3. North America
      • 10.3.1 North America Digital Health Market, 2022 – 2030 (USD Billion)
        • 10.3.1.1 North America Digital Health Market, by Country, 2022 – 2030 (USD Billion)
    • 10.4 North America Digital Health Market, by Technology, 2022 – 2030
      • 10.4.1 North America Digital Health Market, by Technology, 2022 – 2030 (USD Billion)
    • 10.5 North America Digital Health Market, by mHealth, 2022 – 2030
      • 10.5.1 North America Digital Health Market, by mHealth, 2022 – 2030 (USD Billion)
    • 10.6 North America Digital Health Market, by Healthcare analytics, 2022 – 2030
      • 10.6.1 North America Digital Health Market, by Healthcare analytics, 2022 – 2030 (USD Billion)
    • 10.7 North America Digital Health Market, by Digital health systems, 2022 – 2030
      • 10.7.1 North America Digital Health Market, by Digital health systems, 2022 – 2030 (USD Billion)
    • 10.8 North America Digital Health Market, by Component, 2022 – 2030
      • 10.8.1 North America Digital Health Market, by Component, 2022 – 2030 (USD Billion)
    • 10.9. Europe
      • 10.9.1 Europe Digital Health Market, 2022 – 2030 (USD Billion)
        • 10.9.1.1 Europe Digital Health Market, by Country, 2022 – 2030 (USD Billion)
    • 10.10 Europe Digital Health Market, by Technology, 2022 – 2030
      • 10.10.1 Europe Digital Health Market, by Technology, 2022 – 2030 (USD Billion)
    • 10.11 Europe Digital Health Market, by mHealth, 2022 – 2030
      • 10.11.1 Europe Digital Health Market, by mHealth, 2022 – 2030 (USD Billion)
    • 10.12 Europe Digital Health Market, by Healthcare analytics, 2022 – 2030
      • 10.12.1 Europe Digital Health Market, by Healthcare analytics, 2022 – 2030 (USD Billion)
    • 10.13 Europe Digital Health Market, by Digital health systems, 2022 – 2030
      • 10.13.1 Europe Digital Health Market, by Digital health systems, 2022 – 2030 (USD Billion)
    • 10.14 Europe Digital Health Market, by Component, 2022 – 2030
      • 10.14.1 Europe Digital Health Market, by Component, 2022 – 2030 (USD Billion)
    • 10.15. Asia Pacific
      • 10.15.1 Asia Pacific Digital Health Market, 2022 – 2030 (USD Billion)
        • 10.15.1.1 Asia Pacific Digital Health Market, by Country, 2022 – 2030 (USD Billion)
    • 10.16 Asia Pacific Digital Health Market, by Technology, 2022 – 2030
      • 10.16.1 Asia Pacific Digital Health Market, by Technology, 2022 – 2030 (USD Billion)
    • 10.17 Asia Pacific Digital Health Market, by mHealth, 2022 – 2030
      • 10.17.1 Asia Pacific Digital Health Market, by mHealth, 2022 – 2030 (USD Billion)
    • 10.18 Asia Pacific Digital Health Market, by Healthcare analytics, 2022 – 2030
      • 10.18.1 Asia Pacific Digital Health Market, by Healthcare analytics, 2022 – 2030 (USD Billion)
    • 10.19 Asia Pacific Digital Health Market, by Digital health systems, 2022 – 2030
      • 10.19.1 Asia Pacific Digital Health Market, by Digital health systems, 2022 – 2030 (USD Billion)
    • 10.20 Asia Pacific Digital Health Market, by Component, 2022 – 2030
      • 10.20.1 Asia Pacific Digital Health Market, by Component, 2022 – 2030 (USD Billion)
    • 10.21. Latin America
      • 10.21.1 Latin America Digital Health Market, 2022 – 2030 (USD Billion)
        • 10.21.1.1 Latin America Digital Health Market, by Country, 2022 – 2030 (USD Billion)
    • 10.22 Latin America Digital Health Market, by Technology, 2022 – 2030
      • 10.22.1 Latin America Digital Health Market, by Technology, 2022 – 2030 (USD Billion)
    • 10.23 Latin America Digital Health Market, by mHealth, 2022 – 2030
      • 10.23.1 Latin America Digital Health Market, by mHealth, 2022 – 2030 (USD Billion)
    • 10.24 Latin America Digital Health Market, by Healthcare analytics, 2022 – 2030
      • 10.24.1 Latin America Digital Health Market, by Healthcare analytics, 2022 – 2030 (USD Billion)
    • 10.25 Latin America Digital Health Market, by Digital health systems, 2022 – 2030
      • 10.25.1 Latin America Digital Health Market, by Digital health systems, 2022 – 2030 (USD Billion)
    • 10.26 Latin America Digital Health Market, by Component, 2022 – 2030
      • 10.26.1 Latin America Digital Health Market, by Component, 2022 – 2030 (USD Billion)
    • 10.27. The Middle-East and Africa
      • 10.27.1 The Middle-East and Africa Digital Health Market, 2022 – 2030 (USD Billion)
        • 10.27.1.1 The Middle-East and Africa Digital Health Market, by Country, 2022 – 2030 (USD Billion)
    • 10.28 The Middle-East and Africa Digital Health Market, by Technology, 2022 – 2030
      • 10.28.1 The Middle-East and Africa Digital Health Market, by Technology, 2022 – 2030 (USD Billion)
    • 10.29 The Middle-East and Africa Digital Health Market, by mHealth, 2022 – 2030
      • 10.29.1 The Middle-East and Africa Digital Health Market, by mHealth, 2022 – 2030 (USD Billion)
    • 10.30 The Middle-East and Africa Digital Health Market, by Healthcare analytics, 2022 – 2030
      • 10.30.1 The Middle-East and Africa Digital Health Market, by Healthcare analytics, 2022 – 2030 (USD Billion)
    • 10.31 The Middle-East and Africa Digital Health Market, by Digital health systems, 2022 – 2030
      • 10.31.1 The Middle-East and Africa Digital Health Market, by Digital health systems, 2022 – 2030 (USD Billion)
    • 10.32 The Middle-East and Africa Digital Health Market, by Component, 2022 – 2030
      • 10.32.1 The Middle-East and Africa Digital Health Market, by Component, 2022 – 2030 (USD Billion)
  • Chapter 11. Company Profiles
    • 11.1 Apple Inc.
      • 11.1.1 Overview
      • 11.1.2 Financials
      • 11.1.3 Product Portfolio
      • 11.1.4 Business Strategy
      • 11.1.5 Recent Developments
    • 11.2 Telefónica S.A.
      • 11.2.1 Overview
      • 11.2.2 Financials
      • 11.2.3 Product Portfolio
      • 11.2.4 Business Strategy
      • 11.2.5 Recent Developments
    • 11.3 CISCO Systems Inc.
      • 11.3.1 Overview
      • 11.3.2 Financials
      • 11.3.3 Product Portfolio
      • 11.3.4 Business Strategy
      • 11.3.5 Recent Developments
    • 11.4 Cerner Corporation
      • 11.4.1 Overview
      • 11.4.2 Financials
      • 11.4.3 Product Portfolio
      • 11.4.4 Business Strategy
      • 11.4.5 Recent Developments
    • 11.5 QSI Managemen LLC
      • 11.5.1 Overview
      • 11.5.2 Financials
      • 11.5.3 Product Portfolio
      • 11.5.4 Business Strategy
      • 11.5.5 Recent Developments
    • 11.6 Allscripts
      • 11.6.1 Overview
      • 11.6.2 Financials
      • 11.6.3 Product Portfolio
      • 11.6.4 Business Strategy
      • 11.6.5 Recent Developments
    • 11.7 AT&T
      • 11.7.1 Overview
      • 11.7.2 Financials
      • 11.7.3 Product Portfolio
      • 11.7.4 Business Strategy
      • 11.7.5 Recent Developments
    • 11.8 Vodafone Group
      • 11.8.1 Overview
      • 11.8.2 Financials
      • 11.8.3 Product Portfolio
      • 11.8.4 Business Strategy
      • 11.8.5 Recent Developments
    • 11.9 AirStrip Technologies
      • 11.9.1 Overview
      • 11.9.2 Financials
      • 11.9.3 Product Portfolio
      • 11.9.4 Business Strategy
      • 11.9.5 Recent Developments
    • 11.10 IBM Corporation
      • 11.10.1 Overview
      • 11.10.2 Financials
      • 11.10.3 Product Portfolio
      • 11.10.4 Business Strategy
      • 11.10.5 Recent Developments
    • 11.11 Mckesson Corporation
      • 11.11.1 Overview
      • 11.11.2 Financials
      • 11.11.3 Product Portfolio
      • 11.11.4 Business Strategy
      • 11.11.5 Recent Developments
    • 11.12 Epic Systems Corporation
      • 11.12.1 Overview
      • 11.12.2 Financials
      • 11.12.3 Product Portfolio
      • 11.12.4 Business Strategy
      • 11.12.5 Recent Developments
    • 11.13 Google Inc.
      • 11.13.1 Overview
      • 11.13.2 Financials
      • 11.13.3 Product Portfolio
      • 11.13.4 Business Strategy
      • 11.13.5 Recent Developments
    • 11.14 Samsung Electronics Co. Ltd.
      • 11.14.1 Overview
      • 11.14.2 Financials
      • 11.14.3 Product Portfolio
      • 11.14.4 Business Strategy
      • 11.14.5 Recent Developments
    • 11.15 HiMS
      • 11.15.1 Overview
      • 11.15.2 Financials
      • 11.15.3 Product Portfolio
      • 11.15.4 Business Strategy
      • 11.15.5 Recent Developments
    • 11.16 Softserve
      • 11.16.1 Overview
      • 11.16.2 Financials
      • 11.16.3 Product Portfolio
      • 11.16.4 Business Strategy
      • 11.16.5 Recent Developments
    • 11.17 MQure
      • 11.17.1 Overview
      • 11.17.2 Financials
      • 11.17.3 Product Portfolio
      • 11.17.4 Business Strategy
      • 11.17.5 Recent Developments
    • 11.18 Computer Programs and Systems Inc.
      • 11.18.1 Overview
      • 11.18.2 Financials
      • 11.18.3 Product Portfolio
      • 11.18.4 Business Strategy
      • 11.18.5 Recent Developments
    • 11.19 Vocera Communications
      • 11.19.1 Overview
      • 11.19.2 Financials
      • 11.19.3 Product Portfolio
      • 11.19.4 Business Strategy
      • 11.19.5 Recent Developments
    • 11.20 Orange
      • 11.20.1 Overview
      • 11.20.2 Financials
      • 11.20.3 Product Portfolio
      • 11.20.4 Business Strategy
      • 11.20.5 Recent Developments
    • 11.21 Qualcomm Technologies Inc
      • 11.21.1 Overview
      • 11.21.2 Financials
      • 11.21.3 Product Portfolio
      • 11.21.4 Business Strategy
      • 11.21.5 Recent Developments

List Of Figures

Figures No 1 to 29

List Of Tables

Tables No 1 to 127

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Key Players

  • Apple Inc.
  • Telefónica S.A.
  • CISCO Systems Inc.
  • Cerner Corporation
  • QSI Managemen LLC
  • Allscripts
  • AT&T
  • Vodafone Group
  • AirStrip Technologies
  • IBM Corporation
  • Mckesson Corporation
  • Epic Systems Corporation
  • Google Inc.
  • Samsung Electronics Co. Ltd.
  • HiMS
  • Softserve
  • MQure
  • Computer Programs and Systems Inc.
  • Vocera Communications
  • Orange
  • Qualcomm Technologies Inc
  • Others

FAQs

“North America” region will lead the global Digital Health market during the forecast period 2022 to 2030.

The key factors driving the market are Smartphones, A Variety Of Subscription Options, Telemedicine And Telehealth Services

The key players operating in the Digital Health market are Apple Inc., Telefónica S.A., CISCO Systems Inc., Cerner Corporation, QSI Managemen LLC, Allscripts, AT&T, Vodafone Group, AirStrip Technologies, IBM Corporation, Mckesson Corporation, Epic Systems Corporation, Google Inc., Samsung Electronics Co. Ltd., HiMS, Softserve, MQure, Computer Programs and Systems Inc., Vocera Communications, Orange, Qualcomm Technologies Inc..

The global Digital Health market is expanding growth with a CAGR of approximately 29.2% during the forecast period (2022 to 2030).

The global Digital Health market size was valued at USD 181.6 Billion in 2021 and it is projected to reach around USD 1.5 trillion by 2030

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