Digital health market to grow by USD 563.59 billion from 2022 to 2027; The use of AI in digital health is a market trend - Technavio

NEW YORK, Aug. 15, 2023 /PRNewswire/ -- The digital health market size is expected to increase by USD 563.59 billion from 2022 to 2027, registering a CAGR of 25.8%, according to the latest research report from Technavio. Discover Health Care Technology industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The digital health market covers the following areas:

• Digital Health Market Sizing
• Digital Health Market Forecast
• Digital Health Market Analysis

Company 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.

Company Offerings 

• Cisco Systems Inc.: The company offers digital health solutions such as Cisco DNA Spaces, Webex and Virtual Telehealth.
• 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.

For the market's vendor landscape highlights with a comprehensive list of vendors and their offerings - View Sample in minutes

Key Market Segmentation

Technavio has segmented the market based on 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.

View Sample Report in minutes of this report for more highlights into the market segments.

Regional Market Outlook

North America is projected to contribute 43% to the global market growth. This region is the largest revenue contributor to the market. Furthermore, the US is the major country that drives the market in the region. Moreover, better infrastructure and the awareness of technological advances in the healthcare industry are driving the growth of the market in the region. Also, healthcare providers widely adopted digital health technologies such as EHR and telehealth to deal with the workload and follow social distancing measures. Hence, such factors boost the growth of the regional market during the forecast period.

For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report

Companies Mentioned

• 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.

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

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 trend shaping the market. 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.

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Key Topics Covered:

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 (USD billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (USD 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 (USD billion)

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

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

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

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (USD 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 (USD billion)
• Exhibit 35: Data Table on Wireless health - Market size and forecast 2022-2027 (USD 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 (USD billion)
• Exhibit 39: Data Table on Mobile health - Market size and forecast 2022-2027 (USD 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 (USD billion)
• Exhibit 43: Data Table on EHR - Market size and forecast 2022-2027 (USD 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 (USD billion)
• Exhibit 47: Data Table on Telehealth - Market size and forecast 2022-2027 (USD 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 (USD 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 (USD billion)
• Exhibit 56: Data Table on Software - Market size and forecast 2022-2027 (USD 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 (USD billion)
• Exhibit 60: Data Table on Services - Market size and forecast 2022-2027 (USD 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 (USD billion)
• Exhibit 64: Data Table on Hardware - Market size and forecast 2022-2027 (USD 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 (USD 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 (USD billion)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 (USD 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 (USD billion)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 (USD 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 (USD billion)
• Exhibit 82: Data Table on Asia - Market size and forecast 2022-2027 (USD 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 (USD billion)
• Exhibit 86: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 (USD 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 (USD billion)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 (USD 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 (USD billion)
• Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 (USD 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 (USD billion)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 (USD 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 (USD billion)
• Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 (USD 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 (USD billion)
• Exhibit 106: Data Table on France - Market size and forecast 2022-2027 (USD 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 (USD 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 USUSD
• Exhibit 187: Currency conversion rates for USUSD

• 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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