Digital Health Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR40912
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The digital health market has the potential to grow by USD 380 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 25.34%.

This digital health market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (wireless health, mobile health, EHR, and telehealth) and geography (North America, Europe, Asia, and ROW). The digital health market report also offers information on several market vendors, including Alphabet Inc., Apple Inc., Cisco Systems Inc., General Electric Co., International Business Machines Corp., Koninklijke Philips NV, McKesson Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., and Siemens Healthineers AG among others.

What will the Digital Health Market Size be in 2021?

Digital-Health-Market-Market-Size-2020-2025

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Digital Health Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing support for digital health from the governments is notably driving the digital health market growth, although factors such as threat of open-source service providers may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the digital health industry get your FREE report sample now.

  • The increased support of governments across the globe is one of the major growth-promoting factors for the digital health market.
  • The UK government announced an investment of around USD 10.30 million in innovative digital technology projects that were started to address key challenges in healthcare.
  • Under the 2018 central budget plans, the promotion of digital health gained momentum in Denmark. The strategy involves the cooperation of regional and municipal authorities to digitize the healthcare records of every person living in the country.
  • Novartis Foundation and Ghana Health Service announced the integration and scale-up of telemedicine services across Ghana. Telemedicine services use mobile technologies and connect community health workers with health professionals. 
  • The growing adoption of data analytics in the healthcare sector will fuel the growth of the digital health market size.
  • The healthcare sector is using data analytics to maximize its efficiency, increase revenues, and save costs.
  • Data analytics helps eliminate the major work involved in understanding patient requirements and in the health data-tracking process.
  • It helps organizations analyze data patterns to serve patients well and provide them with personalized healthcare.
  • By using data analytics in the cloud, such as tracking social media traffic engagements and statistics, hospitals and healthcare departments can better understand their reviews and can make changes in their mode of administration and method of treatment.

This digital health market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Digital Health Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alphabet Inc.
  • Apple Inc.
  • Cisco Systems Inc.
  • General Electric Co.
  • International Business Machines Corp.
  • Koninklijke Philips NV
  • McKesson Corp.
  • Qualcomm Inc.
  • Samsung Electronics Co. Ltd.
  • Siemens Healthineers AG

 

The digital health market is fragmented and the vendors are deploying growth strategies such as product launches and business expansions to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the digital health market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Digital Health Market?

Digital-Health-Market-Market-Share-by-Region-2020-2025

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45% of the market’s growth will originate from North America during the forecast period. The US is a key market for digital health in North America. However, the market growth rate in this region will be slower than the growth of the market in Asia.

Better infrastructure and the awareness of technological advances in the healthcare industry will facilitate the digital health market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Digital Health Market?

Digital-Health-Market-Market-Share-by-Application-2020-2025

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The digital health market share growth by the wireless health segment will be significant during the forecast period. Wireless health involves the use of wireless technologies in traditional medical activities such as the diagnosis and treatment of illnesses. A few of the major wireless technologies used for digital health are 4G, Bluetooth low energy (BLE), and BodyLAN.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the digital health market size.

 

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What are the Key Factors Covered in this Digital Health Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive digital health market growth during the next five years
  • Precise estimation of the digital health market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the digital health industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of digital health market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The digital health market growth will increase by $284.55 billion during 2019-2024.
The digital health market is expected to grow at a CAGR of 25.11% during 2019-2024.
Technavio has segmented the digital health market by application (Wireless health, Mobile health, EHR, and Telehealth) and geographic (North America, Europe, APAC, South America, and MEA).
Alphabet Inc., Apple Inc., Cisco Systems Inc., General Electric Co., International Business Machines Corp., Koninklijke Philips NV, McKesson Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., Siemens Healthineers AG are a few of the key vendors in the digital health market.
North America will register the highest growth rate of 45.32% among the other regions. Therefore, the digital health market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • UK
  • Germany
  • France
  • China
  • Japan
The key factors driving the digital health market growth are:
  • Increase in the number of M&A activities in the market
The digital health market vendors should focus on grabbing business opportunities from the wireless health segment as it accounted for the largest market share in the base year.
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