Product Code: PMRREP34695
Persistence Market Research recently released a comprehensive report on the global digital health market, offering in-depth analysis of key market dynamics, including drivers, trends, opportunities, and challenges. The report provides detailed insights into the market structure.
Key Insights:
- Digital Health Market Size (2024E): USD 237.4 Billion
- Projected Market Value (2031F): USD 781.7 Billion
- Forecast Growth Rate (CAGR 2024 to 2031): 14.7%
Digital Health Market - Report Scope:
The global digital health market is growing rapidly, driven by increasing demand for telemedicine, AI-driven diagnostics, wearable health devices, and health apps. As healthcare shifts towards value-based care models, digital health tools are enabling more efficient, patient-centric approaches. The market is evolving through innovations like AI, machine learning, and virtual care platforms, offering enhanced accessibility and preventive care.
Market Growth Drivers:
The integration of AI, ML, and IoT into healthcare is revolutionizing diagnostic capabilities and remote monitoring, improving patient outcomes. AI and ML analyze extensive patient data, offering insights for early disease detection and personalized treatment plans. IoT devices, like wearable sensors, provide real-time health data, allowing for proactive management of chronic diseases. The widespread adoption of telehealth platforms also expands access to care, especially in rural areas, enhancing healthcare efficiency.
Market Restraints:
Regulatory challenges pose significant hurdles to the digital health market's growth. Different regions have varying frameworks for ensuring patient safety and data privacy, which complicates the development and deployment of digital health solutions. Additionally, reimbursement issues, such as lower rates for telehealth services compared to traditional visits, deter healthcare providers from fully adopting telehealth. Aligning reimbursement policies with the value of telehealth services is critical for overcoming these barriers.
Market Opportunities:
Expansion into developing markets presents significant opportunities for telehealth providers to address healthcare disparities. Telehealth can bridge gaps in access to medical care, especially in regions with limited healthcare infrastructure. Strategic partnerships with local healthcare organizations and governments will facilitate the implementation of telehealth services, creating sustainable healthcare delivery models. Additionally, the rising acceptance of AI-driven diagnostics and remote monitoring solutions offers further growth prospects for the digital health market.
Key Questions Answered in the Report:
- What factors are driving the demand for digital health solutions?
- How is the integration of AI and IoT shaping the future of healthcare?
- Which regions are leading in the adoption of telehealth services?
- What regulatory challenges are impacting the growth of digital health?
Competitive Intelligence and Business Strategy:
Key players in the digital health market, including established healthcare providers, tech giants, and innovative startups, are focusing on telemedicine platforms, AI-driven diagnostics, and remote monitoring tools. Companies like Teladoc Health, Cerner Corporation, and Philips are expanding their digital health portfolios through partnerships, product innovations, and strategic acquisitions. The competitive landscape is evolving as firms prioritize enhancing user experience, ensuring interoperability, and meeting stringent regulatory standards.
Key Market Players
- Koninklijke Philips N.V.
- GE Healthcare
- Abbott
- Teladoc Health, Inc.
- Siemens Healthineers AG
- Masimo
- AT & T, Inc.
- Medtronic
- Dexcom, Inc.
- iHealth Labs Inc.
- Qardio, Inc.
- AdvancedMD, Inc
Digital Health Market Segmentation
By Component
- Hardware
- Software
- Services
By Mode of Delivery
- Cloud-Based Delivery Mode
- On-Premises Delivery Mode
By Technology
- Digital Health Systems
- mHealth
- Tele-healthcare
- Healthcare Analytics
- Others
By Application
- Chronic Disease Management
- Health & Fitness
- Behavioral Health
- Others
By End User
- Payers
- Providers
- Patients
- Others
By Region
- North America
- Europe
- East Asia
- South Asia and Oceania
- Latin America
- Middle East and Africa
Table of Contents
1. Executive Summary
- 1.1. Global Digital Health Market Snapshot, 2024-2031
- 1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Global Healthcare IT Spending Outlook
- 2.4. COVID-19 Impact Analysis
- 2.5. Forecast Factors - Relevance and Impact
3. Value Added Insights
- 3.1. Product Adoption Analysis
- 3.2. Technology Assessment
- 3.3. Regulatory Landscape
- 3.4. Value Chain Analysis
- 3.5. Key Deals and Mergers
- 3.6. PESTLE Analysis
- 3.7. Porter's Five Force Analysis
4. Price Analysis, 2023A
- 4.1. Key Highlights
- 4.2. Key Factors Impacting Product Prices
- 4.3. Pricing Analysis, By Component
- 4.4. Regional Prices and Product Preferences
5. Global Digital Health Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 5.1. Key Highlights
- 5.1.1. Market Size (US$ Bn) and Y-o-Y Growth
- 5.1.2. Absolute $ Opportunity
- 5.2. Market Size (US$ Bn) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Bn) Analysis, 2019-2023
- 5.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2023-2031
- 5.3. Global Digital Health Market Outlook: Component
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn) Analysis, By Component, 2019-2023
- 5.3.3. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024-2031
- 5.3.3.1. Hardware
- 5.3.3.2. Software
- 5.3.3.3. Services
- 5.4. Market Attractiveness Analysis: Component
- 5.5. Global Digital Health Market Outlook: Mode of Delivery
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Bn) Analysis, By Mode of Delivery, 2019-2023
- 5.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Mode of Delivery, 2024-2031
- 5.5.3.1. Cloud-Based Delivery Mode
- 5.5.3.2. On-Premises Delivery Mode
- 5.6. Market Attractiveness Analysis: Mode of Delivery
- 5.7. Global Digital Health Market Outlook: Technology
- 5.7.1. Introduction / Key Findings
- 5.7.2. Historical Market Size (US$ Bn) Analysis, By Technology, 2019-2023
- 5.7.3. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2024-2031
- 5.7.3.1. Digital Health Systems
- 5.7.3.2. mHealth
- 5.7.3.3. Tele-healthcare
- 5.7.3.4. Healthcare Analytics
- 5.7.3.5. Others
- 5.8. Market Attractiveness Analysis: Technology
- 5.9. Global Digital Health Market Outlook: Application
- 5.9.1. Introduction / Key Findings
- 5.9.2. Historical Market Size (US$ Bn) Analysis, By Application, 2019-2023
- 5.9.3. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 5.9.3.1. Chronic Disease Management
- 5.9.3.2. Health & Fitness
- 5.9.3.3. Behavioural Health
- 5.9.3.4. Others
- 5.10. Market Attractiveness Analysis: Application
- 5.11. Global Digital Health Market Outlook: End User
- 5.11.1. Introduction / Key Findings
- 5.11.2. Historical Market Size (US$ Bn) Analysis, By End User, 2019-2023
- 5.11.3. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 5.11.3.1. Payers
- 5.11.3.2. Providers
- 5.11.3.3. Patients
- 5.11.3.4. Others
- 5.12. Market Attractiveness Analysis: End User
6. Global Digital Health Market Outlook: Region
- 6.1. Key Highlights
- 6.2. Historical Market Size (US$ Bn) Analysis, By Region, 2019-2023
- 6.3. Current Market Size (US$ Bn) Analysis and Forecast, By Region, 2024-2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
- 6.4. Market Attractiveness Analysis: Region
7. North America Digital Health Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 7.1. Key Highlights
- 7.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 7.2.1. By Country
- 7.2.2. By Component
- 7.2.3. By Mode of Delivery
- 7.2.4. By Technology
- 7.2.5. By Application
- 7.2.6. By End User
- 7.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 7.3.1. U.S.
- 7.3.2. Canada
- 7.4. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024-2031
- 7.4.1. Hardware
- 7.4.2. Software
- 7.4.3. Services
- 7.5. Current Market Size (US$ Bn) Analysis and Forecast, By Mode of Delivery, 2024-2031
- 7.5.1. Cloud-Based Delivery Mode
- 7.5.2. On-Premises Delivery Mode
- 7.6. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2024-2031
- 7.6.1. Digital Health Systems
- 7.6.2. mHealth
- 7.6.3. Tele-healthcare
- 7.6.4. Healthcare Analytics
- 7.6.5. Others
- 7.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 7.7.1. Chronic Disease Management
- 7.7.2. Health & Fitness
- 7.7.3. Behavioural Health
- 7.7.4. Others
- 7.8. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 7.8.1. Payers
- 7.8.2. Providers
- 7.8.3. Patients
- 7.8.4. Others
- 7.9. Market Attractiveness Analysis
8. Europe Digital Health Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 8.1. Key Highlights
- 8.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 8.2.1. By Country
- 8.2.2. By Component
- 8.2.3. By Mode of Delivery
- 8.2.4. BY Technology
- 8.2.5. By Application
- 8.2.6. By End User
- 8.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 8.3.1. Germany
- 8.3.2. France
- 8.3.3. U.K.
- 8.3.4. Italy
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Turkey
- 8.3.8. Rest of Europe
- 8.4. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024-2031
- 8.4.1. Hardware
- 8.4.2. Software
- 8.4.3. Services
- 8.5. Current Market Size (US$ Bn) Analysis and Forecast, By Mode of Delivery, 2024-2031
- 8.5.1. Cloud-Based Delivery Mode
- 8.5.2. On-Premises Delivery Mode
- 8.6. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2024-2031
- 8.6.1. Digital Health Systems
- 8.6.2. mHealth
- 8.6.3. Tele-healthcare
- 8.6.4. Healthcare Analytics
- 8.6.5. Others
- 8.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 8.7.1. Chronic Disease Management
- 8.7.2. Health & Fitness
- 8.7.3. Behavioural Health
- 8.7.4. Others
- 8.8. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 8.8.1. Payers
- 8.8.2. Providers
- 8.8.3. Patients
- 8.8.4. Others
- 8.9. Market Attractiveness Analysis
9. East Asia Digital Health Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 9.1. Key Highlights
- 9.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 9.2.1. By Country
- 9.2.2. By Component
- 9.2.3. By Mode of Delivery
- 9.2.4. By Technology
- 9.2.5. By Application
- 9.2.6. By End User
- 9.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
- 9.4. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024-2031
- 9.4.1. Hardware
- 9.4.2. Software
- 9.4.3. Services
- 9.5. Current Market Size (US$ Bn) Analysis and Forecast, By Mode of Delivery, 2024-2031
- 9.5.1. Cloud-Based Delivery Mode
- 9.5.2. On-Premises Delivery Mode
- 9.6. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2024-2031
- 9.6.1. Digital Health Systems
- 9.6.2. mHealth
- 9.6.3. Tele-healthcare
- 9.6.4. Healthcare Analytics
- 9.6.5. Others
- 9.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 9.7.1. Chronic Disease Management
- 9.7.2. Health & Fitness
- 9.7.3. Behavioural Health
- 9.7.4. Others
- 9.8. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 9.8.1. Payers
- 9.8.2. Providers
- 9.8.3. Patients
- 9.8.4. Others
- 9.9. Market Attractiveness Analysis
10. South Asia & Oceania Digital Health Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 10.1. Key Highlights
- 10.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 10.2.1. By Country
- 10.2.2. By Component
- 10.2.3. By Mode of Delivery
- 10.2.4. By Technology
- 10.2.5. By Application
- 10.2.6. By End User
- 10.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of South Asia & Oceania
- 10.4. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024-2031
- 10.4.1. Hardware
- 10.4.2. Software
- 10.4.3. Services
- 10.5. Current Market Size (US$ Bn) Analysis and Forecast, By Mode of Delivery, 2024-2031
- 10.5.1. Cloud-Based Delivery Mode
- 10.5.2. On-Premises Delivery Mode
- 10.6. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2024-2031
- 10.6.1. Digital Health Systems
- 10.6.2. mHealth
- 10.6.3. Tele-healthcare
- 10.6.4. Healthcare Analytics
- 10.6.5. Others
- 10.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 10.7.1. Chronic Disease Management
- 10.7.2. Health & Fitness
- 10.7.3. Behavioural Health
- 10.7.4. Others
- 10.8. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 10.8.1. Payers
- 10.8.2. Providers
- 10.8.3. Patients
- 10.8.4. Others
- 10.9. Market Attractiveness Analysis
11. Latin America Digital Health Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 11.1. Key Highlights
- 11.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 11.2.1. By Country
- 11.2.2. By Component
- 11.2.3. By Mode of Delivery
- 11.2.4. By Technology
- 11.2.5. By Application
- 11.2.6. By End User
- 11.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of Latin America
- 11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024-2031
- 11.4.1. Hardware
- 11.4.2. Software
- 11.4.3. Services
- 11.5. Current Market Size (US$ Bn) Analysis and Forecast, By Mode of Delivery, 2024-2031
- 11.5.1. Cloud-Based Delivery Mode
- 11.5.2. On-Premises Delivery Mode
- 11.6. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2024-2031
- 11.6.1. Digital Health Systems
- 11.6.2. mHealth
- 11.6.3. Tele-healthcare
- 11.6.4. Healthcare Analytics
- 11.6.5. Others
- 11.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 11.7.1. Chronic Disease Management
- 11.7.2. Health & Fitness
- 11.7.3. Behavioural Health
- 11.7.4. Others
- 11.8. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 11.8.1. Payers
- 11.8.2. Providers
- 11.8.3. Patients
- 11.8.4. Others
- 11.9. Market Attractiveness Analysis
12. Middle East & Africa Digital Health Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 12.1. Key Highlights
- 12.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 12.2.1. By Country
- 12.2.2. By Component
- 12.2.3. By Mode of Delivery
- 12.2.4. By Technology
- 12.2.5. By Application
- 12.2.6. By End User
- 12.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 12.3.1. GCC Countries
- 12.3.2. Egypt
- 12.3.3. South Africa
- 12.3.4. Northern Africa
- 12.3.5. Rest of Middle East & Africa
- 12.4. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024-2031
- 12.4.1. Hardware
- 12.4.2. Software
- 12.4.3. Services
- 12.5. Current Market Size (US$ Bn) Analysis and Forecast, By Mode of Delivery, 2024-2031
- 12.5.1. Cloud-Based Delivery Mode
- 12.5.2. On-Premises Delivery Mode
- 12.6. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2024-2031
- 12.6.1. Digital Health Systems
- 12.6.2. mHealth
- 12.6.3. Tele-healthcare
- 12.6.4. Healthcare Analytics
- 12.6.5. Others
- 12.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 12.7.1. Chronic Disease Management
- 12.7.2. Health & Fitness
- 12.7.3. Behavioural Health
- 12.7.4. Others
- 12.8. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 12.8.1. Payers
- 12.8.2. Providers
- 12.8.3. Patients
- 12.8.4. Others
- 12.9. Market Attractiveness Analysis
13. Competition Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
- 13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. GE Healthcare
- 13.3.1.1. Overview
- 13.3.1.2. Segments and Product
- 13.3.1.3. Key Financials
- 13.3.1.4. Market Developments
- 13.3.1.5. Market Strategy
- 13.3.2. Koninklijke Philips N.V.
- 13.3.3. Abbott
- 13.3.4. Teladoc Health, Inc.
- 13.3.5. Siemens Healthineers AG
- 13.3.6. Masimo
- 13.3.7. AT & T, Inc.
- 13.3.8. Medtronic
- 13.3.9. Dexcom, Inc.
- 13.3.10. iHealth Labs Inc.
- 13.3.11. Qardio, Inc.
- 13.3.12. AdvancedMD, Inc
14. Appendix
- 14.1. Research Methodology
- 14.2. Research Assumptions
- 14.3. Acronyms and Abbreviations