Global HealthTech Market Overview:
According to SPER Market Research, the Global HealthTech Market is estimated to reach USD 1087.18 billion by 2032 with a CAGR of 18.22%.
The market for Health Techs is expanding as a result of increased customer demand for speedier payment settlements and rising use of cutting-edge technology like IoT and cloud-based solutions. One of the main drivers of the digital health market's expansion is the rise in the use of smartphones, tablets, and other mobile platforms. Other significant drivers include the rapidly improving healthcare IT infrastructure in industrialised countries, the expansion of supportive government initiatives in the U.S. and European region, the rise in demand for remote patient monitoring services, and the growth of venture capital investments. Further expanding the market for digital health throughout the aforementioned projected period will be an increase in technical development, modernization of the digitization, research and development activities, and demand from emerging economies.
Impact of COVID-19 on the Global HealthTech Market
Nearly every business has been impacted by the unmatched worldwide public health emergency known as COVID-19, and the long-term impacts are expected to have an influence on industry growth throughout the course of the projection period.The COVID-19 pandemic outbreak is projected to have a significant impact on the market for Health Techs. The market is anticipated to grow faster during the forecast period due to the surge in demand for virtual consultation services using mHealth applications, teleconsultation, electronic medical records, and virtual fitness platforms, as well as the quick-moving technological advancements.Additionally, the post-pandemic market growth is expected to be fuelled by manufacturer’s growing development of next-generation low-cost platforms, such as telemedicine, mHealth, telehealth, and telecare services.The rapid acceleration of market growth was influenced by a number of healthcare-related factors, including mHealth, telecare, patient management, advanced diagnostics, digital integration of health systems, and raising cybersecurity requirements. Telemedicine and other digital health technologies provide healthcare providers excellent opportunities to treat patients while observing lockdown protocols.
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 Applications, By Delivery Mode |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| 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
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Global Health Tech Market Segmentation:
By Technology: Based on the Technology, Global Health Tech Market is segmented as; Digital Health Systems (E-prescribing Systems and Electronic Health Records), Health Analytics, Health Information Technology, mHealth {Apps (Medical Apps, Fitness Apps, Services), Wearables (Activity Trackers/Actigraphs, BP Monitors, Glucose Meter, Neurological Monitors, Pulse Oximeter,Sleep Apnea Monitors)}, Telehealthcare {Telehealth (LTC Monitoring, Video Consultation), Telecare (Activity Monitoring,Remote Medication Management), Telemedicine}.
By Component: Based on the Component, Global Health Tech Market is segmented as; Hardware, Software and Services.
By End-User: Based on the End-User, Global Health Tech Market is segmented as; Healthcare Providers, Healthcare Payers, Healthcare Consumers, Pharmaceutical Companies and Others.
By Applications: Based on the Applications, Global Health Tech Market is segmented as; Cardiology, Diabetes, Neurology, Sleep Apnea, Oncology and Others.Global Health Tech Market, By Delivery Modes:
Based on the Delivery Modes, Global Health Tech Market is segmented as;Cloud and On-premises.
By Region: The region with the fastest growth rate is predicted to be Asia Pacific. The region's expanding eHealth platform adoption and rising healthcare spending are anticipated to fuel the expansion of these services. Government investment on healthcare is predicted to enhance demand for remote patient monitoring and other telehealth services, which will fuel industry growth in the Asia Pacific region.
1.2. Market segment analysis
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
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.2. COVID-19 Impacts of the Global Health Tech Market
5. Market variables and outlook
5.2.1 Political landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.3. PORTER’S five forces analysis
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
6. Global Health Tech Market, By Technology, 2019-2032 (USD Million)
6.1. Digital Health Systems
6.1.1. E-Prescribing Systems
6.1.2. Electronic Health Records
6.3. Health Information Technology
6.4.2.1. Activity Trackers/Actigraphs
6.4.2.4. Neurological Monitors
6.4.2.6. Sleep Apnea Monitors
6.5.1.2. Video Consultation
6.5.2.1. Activity Monitoring
6.5.2.2. Remote Medication Management
7. Global Health Tech Market, By Component, 2019-2032 (USD Million)
8. Global Health Tech Market, By End-User, 2019-2032 (USD Million)
8.1. Healthcare Providers
8.3. Healthcare Consumers
8.4. Pharmaceutical Companies
9. Global Health Tech Market, By Applications, 2019-2032 (USD Million)
10. Global Health Tech Market, By Delivery Modes, 2019-2032 (USD Million)
11. Global Health Tech Market, By Region, 2019-2032 (USD Million)
11.3.5. Rest of Asia-Pacific
11.4.3. Rest of South America
11.5. Middle East & Africa
11.5.1. Kingdom of Saudi Arabia
11.5.2. United Arab Emirates
11.5.3. Rest of Middle East & Africa
12. Company Profiles
12.1. AirStrip Technologies
12.1.2. Financial outlook
12.1.4. Recent developments
12.2.2. Financial outlook
12.2.4. Recent developments
12.3.2. Financial outlook
12.3.4. Recent developments
12.4.2. Financial outlook
12.4.4. Recent developments
12.5. Cerner Corporation (Oracle)
12.5.2. Financial outlook
12.5.4. Recent developments
12.6.2. Financial outlook
12.6.4. Recent developments
12.7. Epic Systems Corporation
12.7.2. Financial outlook
12.7.4. Recent developments
12.8.2. Financial outlook
12.8.4. Recent developments
12.9.2. Financial outlook
12.9.4. Recent developments
12.10.2. Financial outlook
12.10.4. Recent developments
12.11.2. Financial outlook
12.11.4. Recent developments
12.12. McKesson Corporation
12.12.2. Financial outlook
12.12.4. Recent developments
12.13.2. Financial outlook
12.13.4. Recent developments
12.14.2. Financial outlook
12.14.4. Recent developments
12.15. Medical device as a service (MDAAS)
12.15.2. Financial outlook
12.15.4. Recent developments
12.16.2. Financial outlook
12.16.4. Recent developments
12.17.2. Financial outlook
12.17.4. Recent developments
12.18.2. Financial outlook
12.18.4. Recent developments
12.19.2. Financial outlook
12.19.4. Recent developments
12.20.2. Financial outlook
12.20.4. Recent developments
12.21.2. Financial outlook
12.21.4. Recent developments
12.22.2. Financial outlook
12.22.4. Recent developments
12.23.2. Financial outlook
12.23.4. Recent developments
12.24.2. Financial outlook
12.24.4. Recent developments
12.25.2. Financial outlook
12.25.4. Recent developments
12.26.2. Financial outlook
12.26.4. Recent developments
12.27. System Healthcare Solutions
12.27.2. Financial outlook
12.27.4. Recent developments
12.28.2. Financial outlook
12.28.4. Recent developments
12.29.2. Financial outlook
12.29.4. Recent developments
12.30.2. Financial outlook
12.30.4. Recent developments
12.31.2. Financial outlook
12.31.4. Recent developments
12.32.2. Financial outlook
12.32.4. Recent developments
12.33.2. Financial outlook
12.33.4. Recent developments
12.34.2. Financial outlook
12.34.4. Recent developments
12.35.2. Financial outlook
12.35.4. Recent developments
12.36.2. Financial outlook
12.36.4. Recent developments