Digital Health Market Size to Grow by USD 563.59 billion from 2022 to 2027: A Descriptive Analysis of Vendor Assessment, and Market Dynamics - Technavio

NEW YORK , June 22, 2023 /PRNewswire/ -- Technavio categorizes the global digital health market as a part of the global healthcare technology market. The global digital healthcare market size is estimated to increase by USD 563.59 billion. The market's growth momentum will progress at a CAGR of over 25.8%.

Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report - Request a sample report

Global Digital health market – Vendor Analysis
Vendor Landscape - The global digital health market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer digital health in the market are 3M Co., Agfa Gevaert NV, AirStrip Technologies Inc., Allscripts Healthcare Solutions Inc., Alphabet Inc., Apple Inc., Cisco Systems Inc., Computer Programs and Systems Inc., Epic Systems Corp., Honeywell International Inc., International Business Machines Corp., Koninklijke Philips NV, McKesson Corp., Oracle Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., Siemens AG, Telefonica SA, UnitedHealth Group Inc., General Electric Co. and others.
The global digital health market is at its growing stage. Vendors are enhancing their presence in the digital healthcare market by various tactics such as strategic alliances, collaborations, mergers & acquisitions, regional growth, and product/service launches.

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Vendor Offerings -

• 3M Co.: The company offers industrial abrasives and finishing for metalworking applications, autobody repair solutions, closure systems for personal hygiene products, masking, and packaging materials.
• Agfa Gevaert NV: The company provides digital health solutions such as Musica, digital radiology solutions.
• Allscripts Healthcare Solutions Inc.: The company provides digital health solutions such as FollowMyHealth application.
• Computer Programs and Systems Inc. : The company provides community hospitals and their physician clinics with acute care electronic health record solutions, Thrive and Centriq, as well as related services.
• For details on the vendor and its offerings – Request a sample report.

Global Digital Health Market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on type, application (wireless health, mobile health, EHR, and telehealth), component (software, services, and hardware), and geography (North America, Europe, Asia, and Rest of World (ROW)). 

• During the projection period, the wireless health segment's market share will expand significantly. Wireless health is the application of wireless technologies for traditional medical activities such as disease diagnosis and treatment. 4G, Bluetooth low energy (BLE), and BodyLAN are some of the key wireless technologies utilized in digital health. BodyLAN is a wireless communication technology that operates close to the human body. This system consumes less electricity and transmits data at a faster rate.

Geography Overview
By geography, the global digital health market is segmented into North America, Europe, Asia, and Rest of World (ROW). The report provides actionable insights and estimates the contribution of all regions to the growth of the global digital health market.

• By 2027, North America is expected to contribute 43%. Analysts at Technavio have thoroughly explained the geographical trends and factors that will affect the market throughout the projected period. North America is the market's greatest revenue contributor. The region's market is mostly driven by the United States. Better infrastructure and more knowledge of technical improvements in the healthcare business are driving the region's market growth.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Global Digital Health Market – Market Dynamics

Leading Drivers - An increase in the number of M&A transactions in the market is driving the market growth. The worldwide digital health market is predicted to expand during the forecast period as technology advances and M&A activities increase. Strategic M&A activity among vendors aids in the creation of efficient products and increases service providers' profit margins.

Key Trends - The use of AI in digital health is a critical commercial trend. AI assists in making medical equipment output smarter and publishing data more promptly. AI provides medical personnel with more efficient diagnosis charts and informed insights. AI can be used as a clinical decision-support tool in conjunction with human intervention to provide better treatment while increasing efficiency. In the radiology department, for example, AI can provide radiologists with tools to satisfy the increased need for diagnostic imaging. AI algorithms accelerate clinical workflows and reduce diagnostic errors.

Major challenges - The global digital health industry is inundated with open-source providers offering a diverse variety of digital health solutions. A combination of different open-source solutions from various vendors can provide nearly all of the functionalities provided by proprietary on-premises and cloud-based digital health solution providers. Open-source software offers benefits such as unrestricted creativity, increased trust, and decentralized control. This reduces the market share of the proprietary players in the digital health business.

Driver, Trend & Challenges are the factor of market dynamics which states about consequences & sustainability of the businesses, find some insights from a free sample report!

What are the key data covered in this Digital Health Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the digital health market between 2023 and 2027
• Precise estimation of the size of the digital health market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the digital health market industry across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of digital health market vendors

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1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global digital health market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global digital health market 2017 - 2021 ($ billion)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

• 4.3 Component Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Component Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Wireless health - Market size and forecast 2022-2027
• Exhibit 34: Chart on Wireless health - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Wireless health - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Wireless health - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Wireless health - Year-over-year growth 2022-2027 (%)

• 6.4 Mobile health - Market size and forecast 2022-2027
• Exhibit 38: Chart on Mobile health - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Mobile health - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Mobile health - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Mobile health - Year-over-year growth 2022-2027 (%)

• 6.5 EHR - Market size and forecast 2022-2027
• Exhibit 42: Chart on EHR - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on EHR - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on EHR - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on EHR - Year-over-year growth 2022-2027 (%)

• 6.6 Telehealth - Market size and forecast 2022-2027
• Exhibit 46: Chart on Telehealth - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Telehealth - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Telehealth - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Telehealth - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Application 
• Exhibit 50: Market opportunity by Application ($ billion)

7 Market Segmentation by Component

• 7.1 Market segments 
• Exhibit 51: Chart on Component - Market share 2022-2027 (%)
• Exhibit 52: Data Table on Component - Market share 2022-2027 (%)

• 7.2 Comparison by Component 
• Exhibit 53: Chart on Comparison by Component
• Exhibit 54: Data Table on Comparison by Component

• 7.3 Software - Market size and forecast 2022-2027
• Exhibit 55: Chart on Software - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Software - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Software - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Software - Year-over-year growth 2022-2027 (%)

• 7.4 Services - Market size and forecast 2022-2027
• Exhibit 59: Chart on Services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 7.5 Hardware - Market size and forecast 2022-2027
• Exhibit 63: Chart on Hardware - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on Hardware - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on Hardware - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Hardware - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Component 
• Exhibit 67: Market opportunity by Component ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027
• Exhibit 81: Chart on Asia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on Asia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 UK - Market size and forecast 2022-2027
• Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027
• Exhibit 105: Chart on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Agfa Gevaert NV 
• Exhibit 116: Agfa Gevaert NV - Overview
• Exhibit 117: Agfa Gevaert NV - Business segments
• Exhibit 118: Agfa Gevaert NV - Key offerings
• Exhibit 119: Agfa Gevaert NV - Segment focus

• 12.4 AirStrip Technologies Inc. 
• Exhibit 120: AirStrip Technologies Inc. - Overview
• Exhibit 121: AirStrip Technologies Inc. - Product / Service
• Exhibit 122: AirStrip Technologies Inc. - Key offerings

• 12.5 Allscripts Healthcare Solutions Inc.
• Exhibit 123: Allscripts Healthcare Solutions Inc. - Overview
• Exhibit 124: Allscripts Healthcare Solutions Inc. - Business segments
• Exhibit 125: Allscripts Healthcare Solutions Inc. - Key news
• Exhibit 126: Allscripts Healthcare Solutions Inc. - Key offerings
• Exhibit 127: Allscripts Healthcare Solutions Inc. - Segment focus

• 12.6 Alphabet Inc. 
• Exhibit 128: Alphabet Inc. - Overview
• Exhibit 129: Alphabet Inc. - Business segments
• Exhibit 130: Alphabet Inc. - Key news
• Exhibit 131: Alphabet Inc. - Key offerings
• Exhibit 132: Alphabet Inc. - Segment focus

• 12.7 Apple Inc. 
• Exhibit 133: Apple Inc. - Overview
• Exhibit 134: Apple Inc. - Business segments
• Exhibit 135: Apple Inc. - Key news
• Exhibit 136: Apple Inc. - Key offerings
• Exhibit 137: Apple Inc. - Segment focus

• 12.8 Cisco Systems Inc. 
• Exhibit 138: Cisco Systems Inc. - Overview
• Exhibit 139: Cisco Systems Inc. - Business segments
• Exhibit 140: Cisco Systems Inc. - Key news
• Exhibit 141: Cisco Systems Inc. - Key offerings
• Exhibit 142: Cisco Systems Inc. - Segment focus

• 12.9 Computer Programs and Systems Inc.
• Exhibit 143: Computer Programs and Systems Inc. - Overview
• Exhibit 144: Computer Programs and Systems Inc. - Business segments
• Exhibit 145: Computer Programs and Systems Inc. - Key offerings
• Exhibit 146: Computer Programs and Systems Inc. - Segment focus

• 12.10 General Electric Co. 
• Exhibit 147: General Electric Co. - Overview
• Exhibit 148: General Electric Co. - Business segments
• Exhibit 149: General Electric Co. - Key news
• Exhibit 150: General Electric Co. - Key offerings
• Exhibit 151: General Electric Co. - Segment focus

• 12.11 International Business Machines Corp.
• Exhibit 152: International Business Machines Corp. - Overview
• Exhibit 153: International Business Machines Corp. - Business segments
• Exhibit 154: International Business Machines Corp. - Key offerings
• Exhibit 155: International Business Machines Corp. - Segment focus

• 12.12 Koninklijke Philips NV 
• Exhibit 156: Koninklijke Philips NV - Overview
• Exhibit 157: Koninklijke Philips NV - Business segments
• Exhibit 158: Koninklijke Philips NV - Key news
• Exhibit 159: Koninklijke Philips NV - Key offerings
• Exhibit 160: Koninklijke Philips NV - Segment focus

• 12.13 McKesson Corp. 
• Exhibit 161: McKesson Corp. - Overview
• Exhibit 162: McKesson Corp. - Business segments
• Exhibit 163: McKesson Corp. - Key offerings
• Exhibit 164: McKesson Corp. - Segment focus

• 12.14 Oracle Corp. 
• Exhibit 165: Oracle Corp. - Overview
• Exhibit 166: Oracle Corp. - Business segments
• Exhibit 167: Oracle Corp. - Key news
• Exhibit 168: Oracle Corp. - Key offerings
• Exhibit 169: Oracle Corp. - Segment focus

• 12.15 Qualcomm Inc. 
• Exhibit 170: Qualcomm Inc. - Overview
• Exhibit 171: Qualcomm Inc. - Business segments
• Exhibit 172: Qualcomm Inc. - Key news
• Exhibit 173: Qualcomm Inc. - Key offerings
• Exhibit 174: Qualcomm Inc. - Segment focus

• 12.16 Samsung Electronics Co. Ltd. 
• Exhibit 175: Samsung Electronics Co. Ltd. - Overview
• Exhibit 176: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 177: Samsung Electronics Co. Ltd. - Key news
• Exhibit 178: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 179: Samsung Electronics Co. Ltd. - Segment focus

• 12.17 Siemens AG 
• Exhibit 180: Siemens AG - Overview
• Exhibit 181: Siemens AG - Business segments
• Exhibit 182: Siemens AG - Key news
• Exhibit 183: Siemens AG - Key offerings
• Exhibit 184: Siemens AG - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist 
• Exhibit 185: Inclusions checklist
• Exhibit 186: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 187: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 188: Research methodology
• Exhibit 189: Validation techniques employed for market sizing
• Exhibit 190: Information sources

• 13.5 List of abbreviations 
• Exhibit 191: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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