The global digital health market reached a value of US$ 144.2 Billion in 2018. Digital health refers to the integration of information technology and electronic communications with various healthcare processes. It includes telehealth, medical wearables, digital healthcare systems like EMR and EHR medical apps, healthcare analytics, etc. Digital health aims to improve patient care, disease management and the overall healthcare experience for the user. It also enables the healthcare providers to access health records, prepare a diagnosis history, reduce the need for duplicate tests and make efficient decisions. Digital health also facilitates the identification of new illnesses or the worsening of existing ailments while lowering the total costs of healthcare. Owing to these benefits, it finds both clinical and non-clinical applications across the medical industry.
Rapid advancements in healthcare IT infrastructure, along with the adoption of cloud-based storage systems by professionals, is the key factor driving the growth of the market. Doctors and other healthcare providers are increasingly utilizing various devices such as smartphones and tablets to monitor and track the patient’s health. Furthermore, significant developments in processing and storage technologies have made computing resources more affordable, efficient and accessible, and enabled the on-demand supply of these services to patients through the internet. Additionally, extensive governmental support and the implementation of favorable policies to encourage the adoption of digital health solutions are also boosting the demand for the technology. For instance, governments of various nations are promoting the incorporation of electronic intensive care units (e-ICU), which allow remote patient monitoring through two-way cameras, high-speed internet and electronic devices. Other factors, such as the growing geriatric population, rising healthcare expenditure levels and increasing prevalence of diseases including Chronic Obstructive Pulmonary Disease (COPD) and diabetes are also projected to drive the market further. Looking forward, IMARC Group expects the market to reach a value of US$ 393.3 Billion by 2024, registering a CAGR of around 18% during 2019-2024.
Report Coverage:
- Historical, Current and Future Market Trends
- Market Breakup by Type:
- Telehealth
- Medical Wearables
- EMR/EHR Systems
- Medical Apps
- Healthcare Analytics
- Others
- Market Breakup by Component:
- Software
- Hardware
- Service
- Market Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being iHealth Lab Inc., AllScripts Healthcare Solutions Inc., AirStrip Technologies, Qualcomm Technologies, Cerner Corporation, McKesson Corporation, Kininklijke Philips N.V., LifeWatch AG, Biotelemetry Inc., eClinicalWorks, Omron Healthcare, Athenahealth Inc., AT&T, etc.
Key Questions Answered in This Report:
- How has the global digital health market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global digital health industry?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the component?
- What are the various stages in the value chain of the global digital health industry?
- What are the key driving factors and challenges in the global digital health industry?
- What is the structure of the global digital health industry and who are the key players?
- What is the degree of competition in the global digital health industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Digital Health Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Type
5.4 Market Breakup by Component
5.5 Market Breakup by Region
5.6 Market Forecast
6 SWOT Analysis
6.1 Overview
6.2 Strengths
6.3 Weaknesses
6.4 Opportunities
6.5 Threats
7 Value Chain Analysis
8 Porter’s Five Forces Analysis
8.1 Overview
8.2 Bargaining Power of Buyers
8.3 Bargaining Power of Suppliers
8.4 Degree of Competition
8.5 Threat of New Entrants
8.6 Threat of Substitutes
9 Market Breakup by Type
9.1 Telehealth
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Medical Wearables
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 EMR/EHR Systems
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Medical Apps
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Healthcare Analytics
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Component
10.1 Software
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Hardware
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Service
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Europe
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Asia Pacific
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Middle East and Africa
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Latin America
11.5.1 Market Trends
11.5.2 Market Forecast
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Profiles of Key Players
12.3.1 iHealth Lab Inc.
12.3.2 AllScripts Healthcare Solutions Inc.
12.3.3 AirStrip Technologies
12.3.4 Qualcomm Technologies
12.3.5 Cerner Corporation
12.3.6 McKesson Corporation
12.3.7 Kininklijke Philips N.V.
12.3.8 LifeWatch AG
12.3.9 Biotelemetry Inc.
12.3.10 eClinicalWorks
12.3.11 Omron Healthcare
12.3.12 Athenahealth Inc.
12.3.13 AT&T
List of Figures
Figure 1: Global: Digital Health Market: Major Drivers and Challenges
Figure 2: Global: Digital Health Market: Sales Value (in Billion US$), 2013-2018
Figure 3: Global: Digital Health Market: Breakup by Type (in %), 2018
Figure 4: Global: Digital Health Market: Breakup by Component (in %), 2018
Figure 5: Global: Digital Health Market: Breakup by Region (in %), 2018
Figure 6: Global: Digital Health Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 7: Global: Digital Health Industry: SWOT Analysis
Figure 8: Global: Digital Health Industry: Value Chain Analysis
Figure 9: Global: Digital Health Industry: Porter’s Five Forces Analysis
Figure 10: Global: Digital Health (Telehealth) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 11: Global: Digital Health (Telehealth) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 12: Global: Digital Health (Medical Wearables) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 13: Global: Digital Health (Medical Wearables) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 14: Global: Digital Health (EMR/EHR Systems) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 15: Global: Digital Health (EMR/EHR Systems) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 16: Global: Digital Health (Medical Apps) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 17: Global: Digital Health (Medical Apps) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 18: Global: Digital Health (Healthcare Analytics) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 19: Global: Digital Health (Healthcare Analytics) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 20: Global: Digital Health (Other Types) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 21: Global: Digital Health (Other Types) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 22: Global: Digital Health (Software) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 23: Global: Digital Health (Software) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 24: Global: Digital Health (Hardware) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 25: Global: Digital Health (Hardware) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 26: Global: Digital Health (Service) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 27: Global: Digital Health (Service) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 28: North America: Digital Health Market: Sales Value (in Billion US$), 2013 & 2018
Figure 29: North America: Digital Health Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 30: Europe: Digital Health Market: Sales Value (in Billion US$), 2013 & 2018
Figure 31: Europe: Digital Health Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 32: Asia Pacific: Digital Health Market: Sales Value (in Billion US$), 2013 & 2018
Figure 33: Asia Pacific: Digital Health Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 34: Middle East and Africa: Digital Health Market: Sales Value (in Billion US$), 2013 & 2018
Figure 35: Middle East and Africa: Digital Health Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 36: Latin America: Digital Health Market: Sales Value (in Billion US$), 2013 & 2018
Figure 37: Latin America: Digital Health Market Forecast: Sales Value (in Billion US$), 2019-2024
List of Tables
Table 1: Global: Digital Health Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Digital Health Market Forecast: Breakup by Type (in Billion US$), 2019-2024
Table 3: Global: Digital Health Market Forecast: Breakup by Component (in Billion US$), 2019-2024
Table 4: Global: Digital Health Market Forecast: Breakup by Region (in Billion US$), 2019-2024
Table 5: Global: Digital Health Market Structure
Table 6: Global: Digital Health Market: Key Players