The global digital health market size is estimated to be USD 105.93billion in 2021 and is expected to witness a CAGR of 23.16% during the forecast period. Increasing technological advancements in healthcare systems, government initiatives for improved healthcare services, adoption of smart technology by consumers, and growing need to minimize healthcare costsare major factors that are expected to propel the global market growth. However, privacy issues related to patient data, unsecured payment gateways, lack of awareness, and unavailability of explicit training programs for digital healthin emerging economiesare expected to hinder the market growth.

By Technology

Based on application, the market is categorized into mhealth, telecare, digital health system, and healthcare analytics. mHealth is further categorized into wearables, mHealth Apps, and services. Wearables segment is categorized into glucose meter, BP monitors, pulse oximeter, neurological monitors, sleep apnea monitors, and activity trackers/actigraphs. The digital health services is segmented based on two parameters, namely type and participants and its system is divided into e-prescribing system and e-health records (EHR). In 2021, the mhealth segment accounted for the highest revenue share with the fastest CAGR during the forecast period. This is due to deep penetration of digital technology, expanding internet services, and innovation in mhealth apps worldwide. The digital health systemsegment is estimated to grow ata significant CAGR during the forecast period.

By Product Type

Based on product type, the market is segmented into hardware, software, and services. In 2021, the services segment accounted for significant revenue share owing to its larger penetration and adoption of training, incorporation, and upgradation of medical hardware and software.Additionally, increasing awareness for digital technology, rising investment in digital infrastructure, and product development are driving the global market. The hardwaresegment is projected to grow at a lucrative CAGR during the forecast period owing to increasing penetration of wearable devices and speedy technology inventions.

Regional Insights

North America was the highest revenue-grossing segment of the global market in 2021 and is projected to maintain its dominance during the forecast period. This is due to the high adoption of patient-centric digital solutions and rapidly rising demand to minimize healthcare spending in this region. Asia Pacific is estimated to grow at the fastest growth rate during the forecast period owing to increasing adoption of digital technology in healthcare sector, significant funding by venture capitalists and government in medical technology infrastructure, and rising prevalence of chronic diseases including diabetes and obesity.

CompetitorInsights

Some of the majorcompanies in the digital health market are Noom, Inc. (U.S.), Fitbit, Inc. (U.S.), TrialCard Incorporated (U.S.), ResMed (U.S.), Canary Health, Inc. (U.S.), Medtronic PLC (Ireland), WellDoc, Inc. (U.S.), Omada Health, Inc. (U.S.), Mitsubishi Chemical Holdings (Japan), and Novartis International AG (Switzerland). Strategic partnerships, mergers,investment in R&D, and geographic expansion are some of the major strategies adopted by the leading players operating in the industry.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The digital health market report is categorized into the following segments and subsegments:

Digital Health Market, By Application (Revenue, 2021-2029, USD Billion)

Digital Health Market, By Product Type(Revenue, 2021-2029, USD Billion)

Digital Health Market, By Region (Revenue, 2021-2029, USD Billion)

Scope of Digital Health Market Report:

Key Parameters	Details
Base Year	2021
Forecast Period	2022-2029
Study Coverage	Global and regional market size and revenue forecast Segment market size and revenue forecast at global, regional, and country level Competitive landscape (company share analysis, company profiles, recent development, competitive map analysis) Conclusion and recommendations
Qualitative Analysis	Market drivers Market restraints Market opportunities Recent market trends Market challenges Porter’s Five Forces analysis PEST analysis Value-chain analysis COVID-19 impact analysis
Regional Market Scope	North America (U.S. and Canada) Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe) Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC) Latin America (Brazil, Mexico, Argentina, Rest of LATAM) MEA (South Africa, GCC, Rest of MEA)
Company Profiles	Exhaustive profiles of top 10 players 50+ other major players listing
15% Free Customization Available	You can customize the study scope to meet your exact requirement. Click here for more details