Digital Health Market Trends: Growth, Key Players, and Innovations in Healthcare

The Global Digital Health Market reached USD 223.2 billion in 2023 and is projected to witness lucrative growth by reaching up to USD 850.3 billion by 2031. The Global Digital Health Market is expected to exhibit a CAGR of 18.9% during the forecast period 2024-2031.

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Digital health refers to the use of technology to enhance health and wellness. This includes health apps, wearable devices, telemedicine, and electronic health records that enable better health monitoring and management. Digital health aims to improve access to healthcare, empower individuals to make informed decisions, and streamline healthcare systems. It offers new opportunities for personalized care and disease prevention. The sector is rapidly growing with advancements in artificial intelligence and big data analytics.

Key Players:

Profiles of some of the major players in the global Digital Health market, which include

BioTelemetry, a Philips Company, Veradigm LLC, EClinicalWorks, IHealth Labs Inc, Athenahealth Inc., AT&T, Honeywell International Inc., Cisco Systems, Inc., AdvancedMD, Inc. and McKesson Corporation.

Industry Development:

✔ On June 5, 2023, Olympus Corporation, a leading MedTech company, announced the acquisition of Odin Vision, a London-based cloud-AI endoscopy company known for its advanced computer-aided detection and diagnostic solutions. This acquisition, coupled with Odin Vision's innovative pipeline of cloud-enabled programs, will significantly enhance Olympus' capabilities. The company further committed to improving healthcare by establishing a series of Digital Excellence Centers (DECs), aimed at advancing digital health solutions and delivering safer, healthier, and more satisfying lives for people.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Digital Health market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

✦ By Component: Hardware, Software, Services.

✦ By Technology: mHealth, eHealth, Telehealthcare, Health Analytics.

✦ By End-User: Healthcare Providers, Healthcare Consumers, Others.

Regional Break out:

The global Digital Health Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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FAQ's

Q.1. What are the primary drivers of the Digital Health Industry?

Q.2. What are the main factors propelling and impeding the growth of the Digital Health market?

Q.3. What are the general structure, risks, and opportunities of the market?

Q.4. How do the prices, revenue, and sales of the leading Digital Health market firms compare?

Q.5. What are the main segments of the market and how is it divided up?