PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1629590
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1629590
Digital Health Monitoring Devices Market, By Product Type, By Technology, By Application, By Age Group, By End User, By Geography
The global digital health monitoring devices market is estimated to be valued at USD 4.42 Bn in 2024 and is expected to reach USD 14.80 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 18.8% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 4.42 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 18.80% | 2031 Value Projection: | US$ 14.80 Bn |
The global digital health monitoring devices market has been witnessing significant growth in the recent years owing to the rising geriatric population and the growing prevalence of chronic and lifestyle diseases worldwide. Various technologies, such as telehealth, mHealth, and remote patient monitoring, have enabled effective monitoring of patients' health condition outside of conventional clinical settings. However, data privacy and security issues remain a major challenge for widespread adoption of digital health devices. Nevertheless, development of advanced IoT-enabled devices with greater functionality and connectivity is expected to provide opportunities for market expansion. With lower medical costs and improved health outcomes, digital health monitoring solutions are emerging as viable options to conventional healthcare systems across the globe.
Market Dynamics:
The global digital health monitoring devices market is primarily driven by the increasing incidence of chronic diseases such as diabetes, cardiovascular disorders, and respiratory diseases coupled with the growing geriatric population worldwide who are more prone to such conditions. Additionally, favorable government policies and initiatives supporting digital healthcare along with rapidly rising investments by healthcare IT companies are boosting the market growth. However, high upfront costs of advanced digital devices, data privacy and cybersecurity concerns, and lack of universal reimbursement policies in some countries still inhibit the mass adoption of these devices. Nevertheless, continuous technological advancements, development of ubiquitous low-cost remote monitoring systems, incorporation of AI capabilities, and increasing adaptation of hybrid models post-COVID are expected to create significant opportunities for players in this market.
Key Features of the Study:
This report provides in-depth analysis of the global digital health monitoring devices 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 approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global digital health monitoring devices 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 IQVIA, Mediware Information Systems, Alp Consulting Pvt. Ltd., Siemens Healthcare GmbH, Cerner Corporation, Veradigm LLC, OMNYS S.r.l, Koninklijke Philips N.V., , Novellas Healthcare , MCKESSON CORPORATION, Optum, Capsule Technologies, Inc, ProPharma Group MIS Limited, PSPhere, and Wellthy Therapeutics Pvt Ltd.
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
The global digital health monitoring devices 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 health monitoring devices market
Market Segmentation
- By Product Type Insights (Revenue, USD Bn, 2019 - 2031)
- Wearable Devices
- Fitness trackers
- Smartwatches
- Remote Monitoring Devices
- Fetal Monitors
- Neuromonitors
- Vital Sign Monitors
- Sleep Monitors
- Insulin Monitors
- Respiratory Monitors
- Multi-Parameter Monitors
- Other Monitors
- Software & Services
- By Technology Insights (Revenue, USD Bn, 2019 - 2031)
- Wireless Health
- Mobile Health (mHealth)
- Telehealth
- Electronic Health Records (EHR) Or Electronic Medical Records (EMR)
- By Application Insights (Revenue, USD Bn, 2019 - 2031)
- Chronic Disease Management
- Fitness and Wellness Monitoring
- Mental Health Monitoring
- By Age Group Insights (Revenue, USD Bn, 2019 - 2031)
- Adult
- Geriatric
- Pediatric
- By End User Insights (Revenue, USD Bn, 2019 - 2031)
- Hospitals & Clinics
- Home Settings
- Nursing Homes
- Ambulatory Surgery Centers
- Rehabilitation centers, etc.
- Others (Assisted Living facilities, etc.)
- Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- IQVIA
- Mediware Information Systems
- Alp Consulting Pvt. Ltd.
- Siemens Healthcare GmbH
- Cerner Corporation
- Veradigm LLC
- OMNYS S.r.l
- Koninklijke Philips N.V.,
- Novellas Healthcare
- MCKESSON CORPORATION
- Optum
- Capsule Technologies, Inc
- ProPharma Group MIS Limited
- PSPhere
- Wellthy Therapeutics Pvt Ltd.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Digital Health Monitoring Devices Market, By Product Type
- Global Digital Health Monitoring Devices Market, By Technology
- Global Digital Health Monitoring Devices Market, By Application
- Global Digital Health Monitoring Devices Market, By Age Group
- Global Digital Health Monitoring Devices Market, By End User
- Global Digital Health Monitoring Devices Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Driver
- Restraint
- Opportunity
- Impact Analysis
- Key Developments
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
- Industry Trends
4. Global Digital Health Monitoring Devices Market, By Product Type, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Wearable Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Fitness trackers
- Smartwatches
- Remote Monitoring Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Fetal Monitors
- Neuromonitors
- Vital Sign Monitors
- Sleep Monitors
- Insulin Monitors
- Respiratory Monitors
- Multi-Parameter Monitors
- Other Monitors
- Software & Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Global Digital Health Monitoring Devices Market, By Technology, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Wireless Health
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Mobile Health (mHealth)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Telehealth
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Electronic Health Records (EHR)Or Electronic Medical Records (EMR)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Digital Health Monitoring Devices Market, By Application, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Chronic Disease Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Fitness and Wellness Monitoring
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Mental Health Monitoring
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Digital Health Monitoring Devices Market, By Age Group, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Adult
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Geriatric
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Pediatric
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
8. Global Digital Health Monitoring Devices Market, By End User, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Hospitals & Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Home Settings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Nursing Homes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Ambulatory Surgery Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Rehabilitation centers, etc.
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others (Assisted Living facilities, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
9. Global Digital Health Monitoring Devices Market, By Region, 2019 - 2031, Value (USD Bn)
- Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Age Group, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Age Group, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Age Group, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Age Group, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
10. Competitive Landscape
- IQVIA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Mediware Information Systems
- Alp Consulting Pvt. Ltd.
- Siemens Healthcare GmbH
- Cerner Corporation
- Veradigm LLC
- OMNYS S.r.l
- Koninklijke Philips N.V.,
- Novellas Healthcare
- MCKESSON CORPORATION
- Optum
- Capsule Technologies, Inc
- ProPharma Group MIS Limited
- PSPhere
- Wellthy Therapeutics Pvt Ltd.
11. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
12. References and Research Methodology
- References
- Research Methodology
- About us
