Digital Healthcare Market Growth, Technology, Trends, Scope and Opportunities 2032
Digital Healthcare Market Size- By Technology, By Component, By End User, By Application- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032
| Published: Dec-2022 | Report ID: HLCA2222 | Pages: 1 - 244 | Formats*: |
| Category : Healthcare | |||
Digital Healthcare Market Overview:
According to SPER Market Research, the Global Digital Healthcare Market is estimated to reach USD 996.82 billion by 2032 with a CAGR of 18.83%.
The proliferation of smartphones, improved internet connectivity with the advent of 4G/5G, advances in healthcare IT infrastructure, increased need to reduce healthcare costs, rising prevalence of chronic diseases, increasing access to virtual care, are some of the most important factors. To facilitate market growth. Additionally, major players are focusing on launching advanced applications to improve user experience. For example, Teladoc Health has worked with Microsoft over the past few years to integrate its Solo platform with its Microsoft Teams environment to improve access for doctors and patients in virtual medicine. Aging populations and prevalence of chronic diseases are increasing the need for medical professionals in various regions. Telemedicine/telemedicine services help doctors reach more patients. This will improve access to healthcare, improve the use of patient and physician time, and help reduce healthcare costs. People living in remote areas have to travel hours to get treatment, but now the masses can meet their medical needs through telemedicine, supporting the growth of the market.
Impact of COVID-19 on the Global Digital Healthcare MarketThe Covid-19 outbreak is expected to drive adoption trends for digital health services. The Covid-19 pandemic has put the global healthcare system under stress, driving the demand for digital health alongside the development of remote monitoring services and healthcare IT. The Covid-19 pandemic has sparked a surge in the use of digital technology for resource management, tracking, and population screening applications. In healthcare, several companies have launched collaborative portals to share unidentified patient data from electronic medical records for use in research. Additionally, government agencies such as the WHO are partnering with technology companies to use digital health systems to manage the pandemic more efficiently. Hence, the rapid shift towards digitization during the pandemic is having a positive impact on the outlook for the industry.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Technology, By Component, By End User, By Application |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | AdvancedMD Inc., Allscripts Healthcare Solutions Inc, AT & T, Athenahealth, Inc., BioTelemetry Inc. Cerner Corporation, Cisco Systems, eClinicalWorks, Honeywell International Inc., iHealth Lab, Inc., McKesson Corporation, Koninklijke Philips N.V |
Digital Healthcare Market Segmentation:
By Technology: Based on the Technology, Global Digital Healthcare Market is segmented as; Telehealthcare {Telecare (Activity Monitoring, Remote Medication Management), Telehealth (LTC Monitoring, Video Consultation)}, mHealth {Wearables (BP Monitor, Glucose Meter, Pulse Oximeter, Sleep Apnea Monitors)}, Apps (Medical Apps, Fitness Apps), Health Analytics, Digital Health Systems (Electronic Health Records, E-Prescribing Systems).
By Component: Based on the Component, Global Digital Healthcare Market is segmented as; Hardware, Software, Services.
By End User: Based on the End User, Global Digital Healthcare Market is segmented as; Healthcare Provider, Payers, Healthcare Consumers.
By Region: The Asia-Pacific market is expected to grow at the highest CAGR. This growth is driven by increasing medical tourism, investments and reforms to modernize China's medical infrastructure, and implementation of IT programs in Australia and New Zealand.
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal Database2.1.4. Premium Insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Digital Healthcare Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL analysis
5.2.1. Political landscape5.2.2. Economic landscape5.2.3. Social landscape5.2.4. Technological landscape5.2.5. Environmental landscape5.2.6. Legal landscape
5.3. PORTER’S five forces analysis
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of Buyers5.3.3Globa. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat map analysis
6. Global Digital Healthcare Market, By Technology, 2019-2032 (USD million)
6.1 Telehealthcare
6.1.1 Telecare
6.1.1.1 Activity Monitoring6.1.1.2 Remote Medication Management
6.1.2 Telehealth
6.1.2.1 LTC Monitoring6.1.2.2 Video Consultation
6.2 mHealth
6.2.1 Wearables
6.2.1.1 BP Monitor6.2.1.2 Glucose Meter6.2.1.3 Pulse Oximeter6.2.1.4 Sleep Apnea Monitors
6.3 Apps
6.3.1 Medical Apps6.3.2 Fitness Apps
6.4 Health Analytics6.5 Digital Health Systems
6.5.1 Electronic Health Records6.5.2 E-Prescribing Systems
7. Global Digital health Market, By Component, 2019-2032 (USD million)
7.1 Hardware7.2 Software7.3 Services
8. Global Digital Healthcare Market, By End User, 2019-2032 (USD million)
8.1 Healthcare Provider8.2 Payers8.3 Healthcare Consumers
9. Global Digital Healthcare Market, By Application, 2019-2032 (USD million)
9.1 Healthcare Amenities9.2 Home Care Services9.3 Remote Monitoring9.4 Consultancy Application
10. Global Digital Healthcare Market, By Region, 2019-2032 (USD million)
10.1 North America
10.1.1 United States10.1.2 Canada10.1.3 Mexico
10.2 Europe
10.2.1 Germany10.2.2 United Kingdom10.2.3 France10.2.4 Italy10.2.5 Spain10.2.6 Rest of Europe
10.3 Asia-Pacific
10.3.1 China10.3.2 Japan10.3.3 India10.3.4 Australia10.3.5 South Korea10.3.6 Rest of Asia-Pacific
10.4 South America
10.4.1 Brazil10.4.2 Argentina10.4.3 Rest of South America
10.5 Middle East & Africa
10.5.1 Kingdom of Saudi Arabia10.5.2 United Arab Emirates10.5.3 Rest of Middle East & Africa
11. Company Profiles
11.1 AdvancedMD Inc.
11.1.1 Company details11.1.2 Financial outlook11.1.3 Product summary11.1.4 Recent developments
11.2 Allscripts Healthcare Solutions Inc
11.2.1 Company details11.2.2 Financial outlook11.2.3 Product summary11.2.4 Recent developments
11.3 AT & T
11.3.1 Company details11.3.2 Financial outlook11.3.3 Product summary11.3.4 Recent developments
11.4 Athenahealth, Inc.
11.4.1 Company details11.4.2 Financial outlook11.4.3 Product summary11.4.4 Recent developments
11.5 BioTelemetry Inc. Cerner Corporation
11.5.1 Company details11.5.2 Financial outlook11.5.3 Product summary11.5.4 Recent developments
11.6 Cisco Systems
11.6.1 Company details11.6.2 Financial outlook11.6.3 Product summary11.6.4 Recent developments
11.7 eClinicalWorks
11.7.1 Company details11.7.2 Financial outlook11.7.3 Product summary11.7.4 Recent developments
11.8 Honeywell International Inc.
11.8.1 Company details11.8.2 Financial outlook11.8.3 Product summary11.8.4 Recent developments
11.9 iHealth Lab, Inc.
11.9.1 Company details11.9.2 Financial outlook11.9.3 Product summary11.9.4 Recent developments
11.10 McKesson Corporation
11.10.1 Company details11.10.2 Financial outlook11.10.3 Product summary11.10.4 Recent developments
11.11 Koninklijke Philips N.V.
11.11.1 Company details11.11.2 Financial outlook11.11.3 Product summary11.11.4 Recent developments
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The Digital Healthcare Market grew in market size from 2021. The Market is expected to reach USD 996.82 billion by 2032, at a CAGR of 18.83% during the forecast period.
The Digital Healthcare Market CAGR of 18.83% during the forecast period.
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The Digital Healthcare Market size is USD 996.82 billion from 2022 to 2032.
The Digital Healthcare Market segment is Covered By Technology, By Component, By End User, By Application.
The North America and Europe region is anticipated to have the highest market share in the Digital Healthcare Market.
The key players in the market include Companies Covered AdvancedMD Inc., Allscripts Healthcare Solutions Inc, AT & T, Athenahealth, Inc., BioTelemetry Inc. Cerner Corporation, Cisco Systems, eClinicalWorks, Honeywell International Inc., iHealth Lab, Inc., McKesson Corporation, Koninklijke Philips N.V.
People living in remote areas have to travel hours to get treatment, but now the masses can meet their medical needs through telemedicine, supporting the growth of the market.
The Digital Healthcare Market is projected to reach USD 996.82 billion by 2032, growing at a CAGR of 18.83% during the forecast period.
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