Global Digital Health Market to Grow at 16.3% During 2025-2033, Impelled by Advancements in Healthcare IT Infrastructure

November 19, 2024 | Healthcare

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IMARC Group’s latest report, titled “Digital Health Market Report by Type (Telehealth, Medical Wearables, EMR/EHR Systems, Medical Apps, Healthcare Analytics, and Others), Component (Software, Hardware, Service), and Region 2025-2033,” finds that the global digital health market reached a value of USD 493 Billion in 2024. Digital health utilizes the latest technologies to remotely monitor patients’ health and fitness. It involves the use of computing platforms, connectivity, software, and sensors for health care and related use. Digital health services include clinical decision support, health IT systems, fitness trackers, telehealth systems, and mHealth applications. Their utilization helps improve the quality of life and assists patients in making informed decisions about their well-being. In recent years, digital health solutions have gained prominence as they offer seamless facilities and easy management of payment procedures, clinical data, claims, and healthcare activities.

Global Digital Health Market Trends:

The global digital health market is primarily driven by the rising prevalence of chronic health disorders, including obesity, cardiovascular diseases (CVDs), and diabetes. The growing cases of Alzheimer’s disease, cancer, and other long-term care (LTC) conditions have also increased the need for digital health solutions that enable doctors to monitor patients remotely despite geographical constraints. Besides this, the growing trend of preventive healthcare has resulted in extensive investments in mHealth startups and applications across the globe. With the coronavirus disease (COVID-19) pandemic, there has been an increased need for digital health services due to stringent lockdowns and social distancing norms implemented by governments of different nations. Furthermore, the growing penetration of smartphones, increasing adoption of cloud-based systems and improving IT infrastructure are some of the other factors positively influencing the market growth. Looking forward, IMARC Group expects the market to reach USD 1,913.2 Billion by 2033, exhibiting a growth rate (CAGR) of 16.3% during 2025-2033.

Market Summary:

Based on the type, the market has been segmented into telehealth, medical wearables, EMR/HER systems, medical apps, healthcare analytics and others.
On the basis of the component, the market has been classified into software, hardware, and services.
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been examined, with some of the key players being American Well Corporation (Amwell), Apple Inc., GE HealthCare, Johnson & Johnson (J&J), Koninklijke Philips N.V., Medtronic plc, Noom, Inc., Omron Corporation, Samsung Group, Siemens Healthineers AG (Siemens AG), Teladoc Health, Inc., Veradigm LLC, etc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Type, Component, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	American Well Corporation (Amwell), Apple Inc., GE HealthCare, Johnson & Johnson (J&J), Koninklijke Philips N.V., Medtronic plc, Noom, Inc., Omron Corporation, Samsung Group, Siemens Healthineers AG (Siemens AG), Teladoc Health, Inc., Veradigm LLC, etc.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Digital Health Market to Grow at 16.3% During 2025-2033, Impelled by Advancements in Healthcare IT Infrastructure

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