Global digital healthcare market is estimated to be valued at USD 220.10 Bn in 2024 and is expected to reach USD 836.10 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 21% from 2024 to 2031.
Figure 1. Digital Healthcare Market Share (%), By Region, 2024
![Digital Healthcare Market - IMG1](/sample/img/COH1509537-f1.webp)
Global digital healthcare market growth is driven by increasing use of telehealth and remote patient monitoring solutions. Rising emphasis on preventive care and patient-centric services can boost adoption of digital health technologies to bridge gaps in healthcare accessibility and affordability. Tools like electronic health records, virtual care platforms, cybersecurity solutions and wearable devices are enhancing how healthcare providers engage with patients as well as empowering individuals to take more control of their own health and wellness. The market holds tremendous potential for further innovations that can optimize care delivery and lower costs through greater automation and data-driven insights.
Market Dynamics:
Rising geriatric population and increasing prevalence of chronic diseases can boost demand for remote monitoring solutions that allow the elderly and those with mobility issues to receive care at home. Moreover, the COVID-19 pandemic has underscored the importance of telehealth and accelerated digital transformations across the healthcare industry. This has expanded both patient and provider acceptance of virtual care models. However, data privacy and security concerns can hamper the market growth. The lack of infrastructure in certain regions can hamper adoption of digital healthcare. The integration of technologies like AI, blockchain and IoT can offer opportunities to make healthcare more predictive, personalized and affordable.
Key Features of the Study:
- This report provides in-depth analysis of the global digital healthcare market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global digital healthcare market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Teladoc Health, Elsevier, Epic Systems, GE Healthcare, Syneos Health, McKesson Corporation, Cerner Corporation, Allscripts Healthcare Solutions Inc
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global digital healthcare market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global digital healthcare market
Detailed Segmentation-
- By Technology
- Healthcare Analytics
- mHealth
- Tele-health
- Others
- By Component
- Software
- Hardware
- Services
- By End User
- Hospital & Clinics
- Patients
- Providers
- Payers
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles:
- Telefonica S.A.
- Epic Systems Corporation
- QSI Management, LLC
- AT&T
- AirStrip Technologies
- Google, Inc.
- Hims & Hers Health, Inc.
- Orange
- Softserve
- Computer Programs and Systems, Inc.
- Vocera Communications
- IBM Corporation
- CISCO Systems, Inc.
- Apple Inc.
- Oracle Cerner
- Veradigm
- Mckesson Corporation
- Hims & Hers Health, Inc.
- Vodafone Group
- Qualcomm Technologies, Inc.
- Samsung Electronics Co., Ltd.
- General Electric Company