WESTFORD, Mass., July 30,
2024 /PRNewswire/ -- According to SkyQuest, the
global Digital Health Market size was valued at USD 178 billion in 2022 and is poised to grow
from USD 211 billion in 2023 to
USD 881 billion by 2031, growing at a
CAGR of 18.6% in the forecast period (2024-2031).
Growing penetration of digital technologies in the healthcare
space is setting the tone for digital health adoption. The rising
popularity of telehealth and telemedicine practices is also
estimated to promote the demand for digital health over the coming
years. High investments in adoption of digital technologies in
healthcare to streamline processes and improve patient outcomes
will also create new business scope going forward. The global
digital health market is segmented into component, technology,
application, end user, and region.
Download a detailed overview:
https://www.skyquestt.com/sample-request/digital-health-market
Digital Health Market Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$ 211
billion
|
Estimated Value by
2031
|
$ 881
billion
|
Growth Rate
|
Poised to grow at a
CAGR of 18.6%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Component, Technology,
Application, End User, and Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Latin America, and Middle East and Africa.
|
Report
Highlights
|
Investments in the
digitization of the healthcare industry
|
Key Market
Opportunities
|
Growing popularity of
mHealth devices and applications
|
Key Market
Drivers
|
Rising emphasis on
improving healthcare outcomes and reducing workload on healthcare
providers
|
Segments covered in Digital Health Market are as
follows:
- Component
-
- Hardware, Software, Services
- Technology
-
- Tele Healthcare (Telecare/Rpm, Activity Monitoring, Remote
Medication Management), Telehealth (LTC Monitoring, Video
Consultation), Mhealth (Wearables [Vital Signs Monitors, Peak Flow
Meters, Fetal Monitors, Sleep Apnea Monitors, Neurological
Monitors, Other wearables], Mhealth Apps [Medical Apps, Fitness
Apps]), Digital Therapeutics (Preventive Applications, Treatment
Applications), Health Management Solutions (Electronic Health
Records, Healthcare Analytics, Eprescribing)
- Application
-
- Chronic Disease Management, Behavioral Health, Health &
Fitness, Other Applications
- End User
-
- Providers (Hospitals & clinics, Long-term care centers
& assisted living centers), Payers (Public, Private), Patients
& consumers
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https://www.skyquestt.com/speak-with-analyst/digital-health-market
Enhanced Internet Connectivity Estimated to Boost Demand for
Digital Health for Telehealth Technology
Growing penetration of digital technologies and improved
internet connectivity are projected to help promote the adoption of
telehealth technologies in the healthcare space. With more and more
healthcare providers offering telehealth services, patients are
also preferring to opt for the same resulting in the high market
share of this segment. Advancements in digital health technologies
are projected to help this segment maintain its dominance across
the study period.
The rise of wearables in the healthcare industry is projected to
make mHealth technology highly popular over the coming years. New
companies looking to make a mark in the global digital health
market should target this segment to penetrate the market. The
growing use of smartphones and the rising use of smart wearable
health monitors will also help this segment generate substantial
revenue in the future. High emphasis on preventive healthcare
around the world is also estimated to create new opportunities for
digital health companies going forward.
Digital Health Services Projected to be Most Lucrative for
Digital Health Providers
From deployment to maintenance, almost all digital health
solutions require services. This is why digital health companies
should target the services segment to maximize their business
scope. Companies can provide standalone services as well as provide
complete service packages covering all aspects of digital
health.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/digital-health-market
Healthcare Providers Projected to Be at Forefront in Terms of
Digital Health Adoption
The growing burden on hospitals and other healthcare providers
owing to rapidly increasing hospitalization and incidence of
chronic diseases is pushing providers to opt for digital health
solutions. These digital health offerings help automate or
streamline multiple healthcare processes thereby saving costs and
resources as well. Increasing investments in improving
patient outcomes and the growing use of electronic health records
(EHR) are also forecasted to promote digital health demand among
healthcare providers in the long run.
Investing in almost any segment will offer good returns for any
digital health company but targeting the telehealth and provider
segments will be most beneficial.
Related Report:
Population Health Management Market
Artificial Intelligence (AI) in Healthcare Market
Home Healthcare Market
Healthcare IT Market
Electronic Health Records Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization has expanded our
reach across North America,
Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/
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SOURCE SkyQuest Technology