Digital Health Market to Reach a Value of USD 565.23 billion

February 25, 2024

Market Definition

The digital health refers to the use of technology, such as smartphones, wearables, and electronic health records, to improve healthcare delivery, patient engagement, and health outcomes. Digital health includes digital care programs, which is the convergence of digital technologies with health, healthcare, living, and society to increase the efficiency of healthcare delivery to make medicine more personalized and precise. Digital health has become a buzz word with the rise in deployment of digital health platforms such as telehealth software, mobile health and other wireless solutions across hospitals and nursing homes so as to provide patients with real time healthcare services.

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Digital Health Market Analysis and Size

The global digital healthcare market encompasses a wide range of digital tools, devices, software, and services that aim to support healthcare providers, patients, and other stakeholders in managing and optimizing healthcare delivery and wellness. Rise in the use of smartphones, tablets and other mobile platforms is a crucial factor accelerating the market growth, also rapidly improving healthcare IT infrastructure in industrialized nations, rise in the favourable government initiatives in U.S. and European region, increase in the demand for remote patient monitoring services and rise in the venture capital investments are the major factors among others boosting the global digital health market.

Data Bridge Market Research analyses that the global digital health market which was USD 255.87 billion in 2022, is expected to reach USD 565.23 billion by 2030, and is expected to undergo a CAGR of 15.5% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Global Digital Health Market Scope

The global digital health market is segmented on the basis of technology, delivery mode, components, application and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the Users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Global Digital Health Market, By Technology (Digital Health Systems, Tele-healthcare, mHealth, Healthcare Analytics), Application (Cardiology, Diabetes, Neurology, Sleep Apnea, Oncology, Others), Delivery Mode (On-Premise, Cloud-Based), Components (Software, Services, Hardware), End-User (Healthcare Providers, Healthcare Payers, Pharmaceutical Companies, Others) - Industry Trends and Forecast to 2030.

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