DIGITAL HEALTH MARKET ANALYSIS

Digital Health Market, By Technology (Telehealthcare, mHealth, Health Analytics, Digital Health Systems, Telemedicine, and Others), By Component (Software, Hardware, Services, Connected Devices, and Others), By End User (Hospitals & Clinics and Health Insurance Firms), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)

Published In : Dec 2023
Code : CMI1909
Pages :150
Formats :
Excel and PDF
Industry : Healthcare IT

Digital Health MarketSize and Trends

The digital health market size is expected to reach US$ 815.35 billion by 2030, from US$ 249.97 billion in 2023, at a CAGR of 18.4% during the forecast period. Digital health integrates advanced technologies that utilizes digital, mobile, and cloud-based platforms to offer better healthcare service to patients. Digital health platforms, such as telemedicine and telecare, enables health providers to communicate with patients.

Digital Health Market Trends:

Increasing Use of Telehealth and Telemedicine: The COVID-19 pandemic accelerated the adoption of telehealth and telemedicine globally as people sought virtual healthcare options over in-person visits. This paradigm shift towards remote care delivered digitally has massively disrupted the digital health industry. Telehealth appointments surged during lockdowns as patients needed to see doctors while also socially distancing. According to data from the U.S. Department of Health and Human Services, telehealth use increased by 154% from March to April of 2020. This rapid rise in virtual visits highlighted how digital health solutions can expand access to care.