Global HealthTech Market Overview
According to SPER Market Research, the Global HealthTech Market is estimated to reach USD 1303.9 billion by 2033 with a CAGR of 13.53%.
Healthtech, also known as health technology, refers to the application of technology, such as software, hardware, and data analysis, to improve healthcare delivery, efficiency, and outcomes. It includes a wide range of technologies, including electronic health records (EHRs) and telemedicine, as well as wearable devices and mobile apps that track and monitor health data.
Healthtech is used to improve patient care and outcomes, boost efficiency and lower costs, and improve communication and collaboration among healthcare providers. It also includes analysing large amounts of health data with artificial intelligence (AI) and machine learning (ML) to improve patient care and outcomes. Overall, healthcare technology has the potential to transform the industry by making it more patient-centered, data-driven, and personalised.
Exploring the Growth Drivers of the Global HealthTech Industry
The global HealthTech market is experiencing several key market trends. One trend is the increasing use of artificial intelligence (AI) and machine learning (ML) in HealthTech solutions. AI and ML are being used to analyze patient data and develop personalized treatment plans, as well as to improve disease diagnosis and drug development. Another trend is the growing use of virtual and augmented reality (VR/AR) technologies in healthcare. VR/AR technologies are being used to provide immersive experiences for patients, as well as for medical training and education. Additionally, there is a trend towards the integration of HealthTech solutions with existing healthcare systems, allowing for greater interoperability and improved patient outcomes. Finally, there is a growing interest in digital therapeutics, which use digital technologies to treat and manage medical conditions. These trends are driving innovation in the HealthTech market and are expected to continue shaping the industry in the coming years.
What challenges does the Global HealthTech Market face?
The Global HealthTech market faces challenges that could impede its growth and adoption, such as data privacy and security, regulatory compliance, limited access to healthcare, interoperability, and high costs. HealthTech solutions involve collecting and storing sensitive patient data, which must be secured from cyber-attacks and data breaches. Companies operating in this space must navigate complex regulatory landscapes and obtain necessary approvals before launching their products. While HealthTech solutions can improve access to healthcare, there are still significant barriers to access in many parts of the world, limiting their potential impact. Interoperability between different systems and ensuring that HealthTech solutions can integrate with existing healthcare systems is crucial for maximizing the potential benefits of these solutions.
In what ways has the COVID-19 pandemic affected Global HealthTech Market?
The COVID-19 pandemic has accelerated the adoption of HealthTech solutions as the need for remote patient monitoring and telehealth services increased due to social distancing measures and overwhelmed healthcare systems. HealthTech solutions such as telemedicine, digital health platforms, and wearable devices have become more widely accepted and implemented by healthcare providers and patients alike. The pandemic has also emphasized the importance of data analytics and artificial intelligence in predicting and managing outbreaks. This has led to increased investment and growth in the HealthTech market, as there is now greater recognition of the value of HealthTech solutions. Overall, the COVID-19 pandemic has significantly impacted and transformed the global HealthTech market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Technology, By Component, By End-User, By Applications, By Delivery Mode
|
| Regions covered | North America, Europe, Asia Specific, Middle East and Africa, South America, Others.
|
| Companies Covered | AirStrip Technologies, Allscripts, Apple Inc., AT&T, Cerner Corporation (Oracle), CISCO Systems Inc, Epic Systems Corporation, Google Inc., HiMS, IBM Corporation, Mqure, McKesson Corporation, Mdlive, Medi Buddy, Medical device as a service (MDAAS), MedPass, Mobicure, Myndtec, NeurNation, Nutrino, Okadoc, Omnia Salud, Pharm Easy, Philip Healthcare, Polycom Inc, Safermom, System Healthcare Solutions, Takalam, TeleMD, UAE’s Mulk, Ubenwa, Welli, Wuru, Xtreme VRI, Yerbo
|
Key Target Audience:
- Healthcare Providers
- Patients
- Investors
- Government and policymakers
- Research institutions and academia
- Insurance providers
Global HealthTech Market Segmentation:
1. By Technology :
- Global HealthTech Market Value Share and Forecast, By Technology, 2023-2033
- Digital Health Systems
- Health Analytics
- Health Information Technology
- mHealth
- Wearables
- Telecare
2. By Component:
- Global HealthTech Market Value Share and Forecast, By Component, 2023-2033
- Hardware
- Software
- Services
3. By End-User:
- Global HealthTech Market Value Share and Forecast, By End-User, 2023-2033
- Healthcare Providers
- Healthcare Payers
- Healthcare Consumers
- Pharmaceutical Companies
4. By Application:
- Global HealthTech Market Value Share and Forecast, By Application, 2023-2033
- Cardiology
- Diabetes
- Neurology
- Sleep Apnea
- Oncology
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global HealthTech Market Size (FY’2023-FY’2033)
- Overview of Global HealthTech Market
- Segmentation of Global HealthTech Market By Technology (Digital Health Systems, Health Analytics, Health Information Technology, mHealth, Wearables, Telecare)
- Segmentation of Global HealthTech Market By Component (Hardware, Software, Services)
- Segmentation of Global HealthTech Market By End-User (Healthcare Providers, Healthcare Payers, Healthcare Consumers, Pharmaceutical Companies, Others)
- Segmentation of Global HealthTech Market By Application (Cardiology, Diabetes, Neurology, Sleep Apnes, Oncology, Others)
- Segmentation of Global HealthTech Market By Delivery Mode (Cloud, On-Premises)
- Statistical Snap of Global HealthTech Market
- Growth Analysis of Global HealthTech Market
- Problems and Challenges in Global HealthTech Market
- Competitive Landscape in the Global HealthTech Market
- Impact of COVID-19 and Demonetization on Global HealthTech Market
- Details on Recent Investment in Global HealthTech Market
- Competitive Analysis of Global HealthTech Market
- Key Players in the Global HealthTech Market
- SWOT Analysis of Global HealthTech Market
- Global HealthTech Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global HealthTech Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global HealthTech Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global HealthTech Market
7. Global HealthTech Market, By Technology (USD Million)
7.1. Global HealthTech Market Value Share and Forecast, By Technology, 2023-2033
7.2. Digital Health Systems
7.3. Health Analytics
7.4. Health Information Technology
7.5. mHealth
7.5.1. Medical Apps
7.5.2. Fitness Apps
7.5.3. Services
7.6. Wearables
7.6.1. Activity Trackers
7.6.2. BP Monitors
7.6.3. Glucose Meter
7.6.4. Neurological Monitors
7.6.5. Pulse Oximeter
7.6.6. Sleep Apnes Monitors
7.7. Telecare
7.7.1. Activity Monitoring
7.7.2. Remote Medication Management
7.7.3. Telemedicine
8. Global HealthTech Market, By Component (USD Million)
8.1. Global HealthTech Market Value Share and Forecast, By Component, 2023-2033
8.2. Hardware
8.3. Software
8.4. Services
9. Global HealthTech Market, By End-User (USD Million)
9.1. Global HealthTech Market Value Share and Forecast, By End-User, 2023-2033
9.2. Healthcare Providers
9.3. Healthcare Payers
9.4. Healthcare Consumers
9.5. Pharmaceutical Companies
9.6. Others
10. Global HealthTech Market, By Application (USD Million)
10.1. Global HealthTech Market Value Share and Forecast, By Application, 2023-2033
10.2. Cardiology
10.3. Diabetes
10.4. Neurology
10.5. Sleep Apnea
10.6. Oncology
10.7. Others
11. Global HealthTech Market, By Delivery Mode (USD Million)
11.1. Global HealthTech Market Value Share and Forecast, By Delivery Mode, 2023-2033
11.2. Cloud
11.3. On-premises
12. Global HealthTech Market Forecast, 2019-2033 (USD Million)
12.1. Global HealthTech Market Size and Market Share
13. Global HealthTech Market, By Technology, 2019-2023 (USD Million)
13.1. Global HealthTech Market Size and Market Share By Technology Method (2019-2026)
13.2. Global HealthTech Market Size and Market Share By Technology Method (2027-2033)
14. Global HealthTech Market, By Component, 2019-2023 (USD Million)
14.1. Global HealthTech Market Size and Market Share By Component (2019-2026)
14.2. Global HealthTech Market Size and Market Share By Component (2027-2033)
15. Global HealthTech Market, By End-User, 2019-2023 (USD Million)
15.1. Global HealthTech Market Size and Market Share By End-User (2019-2026)
15.2. Global HealthTech Market Size and Market Share By End-User (2027-2033)
16. Global HealthTech Market, By Applications, 2019-2023 (USD Million)
16.1. Global HealthTech Market Size and Market Share By Applications (2019-2026)
16.2. Global HealthTech Market Size and Market Share By Applications (2027-2033)
17. Global HealthTech Market, By Delivery Modes, 2019-2023 (USD Million)
17.1. Global HealthTech Market Size and Market Share By Delivery Modes (2019-2026)
17.2. Global HealthTech Market Size & Market Share By Delivery Modes (2027-2033)
18. Global HealthTech Market, By Region, 2019-2023 (USD Million)
18.1. Global HealthTech Market Size and Market Share By Region (2019-2026)
18.2. Global HealthTech Market Size and Market Share By Region (2027-2033)
18.3. Asia-Pacific
18.3.1. Australia
18.3.2. China
18.3.3. India
18.3.4. Japan
18.3.5. South Korea
18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France
18.4.2. Germany
18.4.3. Italy
18.4.4. Spain
18.4.5. United Kingdom
18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia
18.5.2. United Arab Emirates
18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada
18.6.2. Mexico
18.6.3. United States
18.7. Latin America
18.7.1. Argentina
18.7.2. Brazil
18.7.3. Rest of Latin America
19. Company Profile
19.1. AirStrip Technologies
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. Allscripts
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. Apple Inc.
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. AT & T
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Cerner Corporation
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. CISCO Systems Inc.
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. Epic Systems Corporation
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments
19.8. Google Inc.
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments
19.9. HiMS
19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary
19.9.4. Recent developments
19.10. IBM Corporation
19.10.1. Company details
19.10.2. Financial outlook
19.10.3. Product summary
19.10.4. Recent developments
19.11. Mqure
19.11.1. Company details
19.11.2. Financial outlook
19.11.3. Product summary
19.11.4. Recent developments
19.12. McKesson Corporation
19.12.1. Company details
19.12.2. Financial outlook
19.12.3. Product summary
19.12.4. Recent Developments
19.13. Mdlive
19.13.1. Company details
19.13.2. Financial outlook
19.13.3. Product summary
19.13.4. Recent developments
19.14. Medi Buddy
19.14.1. Company details
19.14.2. Financial outlook
19.14.3. Product summary
19.14.4. Recent developments
19.15. Medical device as a service (MDAAS)
19.15.1. Company details
19.15.2. Financial outlook
19.15.3. Product summary
19.15.4. Recent developments
19.16. MedPass
19.16.1. Company details
19.16.2. Financial outlook
19.16.3. Product summary
19.16.4. Recent developments
19.17. Mobicure
19.17.1. Company details
19.17.2. Financial outlook
19.17.3. Product summary
19.17.4. Recent developments
19.18. Myndtec
19.18.1. Company details
19.18.2. Financial outlook
19.18.3. Product summary
19.18.4. Recent developments
19.19. NeurNation
19.19.1. Company details
19.19.2. Financial outlook
19.19.3. Product summary
19.19.4. Recent developments
19.20. Nutrino
19.20.1. Company details
19.20.2. Financial outlook
19.20.3. Product summary
19.20.4. Recent developments
19.21. Okadoc
19.21.1. Company details
19.21.2. Financial outlook
19.21.3. Product summary
19.21.4. Recent developments
19.22. Omnia Salud
19.22.1. Company details
19.22.2. Financial outlook
19.22.3. Product summary
19.22.4. Recent developments
19.23. Pharm Easy
19.23.1. Company details
19.23.2. Financial outlook
19.23.3. Product summary
19.23.4. Recent developments
19.24. Philip Healthcare
19.24.1. Company details
19.24.2. Financial outlook
19.24.3. Product summary
19.24.4. Recent developments
19.25. Polycom Inc.
19.25.1. Company details
19.25.2. Financial outlook
19.25.3. Product summary
19.25.4. Recent developments
19.26. Safermom
19.26.1. Company details
19.26.2. Financial outlook
19.26.3. Product summary
19.26.4. Recent developments
19.27. System Healthcare Solutions
19.27.1. Company details
19.27.2. Financial outlook
19.27.3. Product summary
19.27.4. Recent developments
19.28. Takalam
19.28.1. Company details
19.28.2. Financial outlook
19.28.3. Product summary
19.28.4. Recent developments
19.29. TeleMD
19.29.1. Company details
19.29.2. Financial outlook
19.29.3. Product summary
19.29.4. Recent developments
19.30. UAE’s Mulk
19.30.1. Company details
19.30.2. Financial outlook
19.30.3. Product summary
19.30.4. Recent developments
19.31. Ubenwa
19.31.1. Company details
19.31.2. Financial outlook
19.31.3. Product summary
19.31.4. Recent developments
19.32. Welli
19.32.1. Company details
19.32.2. Financial outlook
19.32.3. Product summary
19.32.4. Recent developments
19.33. Wuru
19.33.1. Company details
19.33.2. Financial outlook
19.33.3. Product summary
19.33.4. Recent developments
19.34. Xtreme VRI
19.34.1. Company details
19.34.2. Financial outlook
19.34.3. Product summary
19.34.4. Recent developments
19.35. Yerbo
19.35.1. Company details
19.35.2. Financial outlook
19.35.3. Product summary
19.35.4. Recent developments
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope