Digital Health Industry Overview

The global digital health market size was estimated at USD 240.9 billion in 2023 and is projected to grow at a compound annual growth (CAGR) of 21.9% from 2024 to 2030. The market is driven by several factors, such as a strong domestic market for telehealthcare platform developers, mHealth app providers, wearable device manufacturers, and e-prescription systems.

Moreover, the healthcare industry exhibits high growth potential for the IT industry due to supportive government initiatives across all regions. The growing trend of preventive healthcare the rise in funding for mHealth startups are other factors boosting the market.

Gather more insights about the market drivers, restrains and growth of the Digital Health Market

The rising incidence of chronic conditions such as diabetes, heart disease, and cancer is fueling the demand for remote monitoring and management solutions. Digital health tools can help patients track their health, adhere to treatment plans, and communicate with healthcare providers more effectively.

Global Digital Health Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends in each of the segments from 2018 to 2030. For this study, Grand View Research, Inc. has segmented the global digital health market report on the basis of technology, component, application, end-use, and region:

Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Tele-healthcare
  • Tele-care
    • Activity Monitoring
    • Remote Medication Management
  • Tele-health
    • LTC Monitoring
    • Video Consultation
  • mHealth
    • Wearables Connected Medical Devices
      • Vital Sign Monitoring Devices
        • Heart Rate Monitors
        • Activity Monitors
        • Electrocardiographs
        • Pulse Oximeters
        • Spirometers
        • Blood Pressure Monitors
        • Others
      • Sleep Monitoring Devices
        • Sleep trackers
        • Wrist Actigraphs
        • Polysomnographs
        • Others
      • Electrocardiographs Fetal Obstetric Devices
      • Neuromonitoring Devices
        • Electroencephalographs
        • Electromyographs
        • Others
      • mHealth Apps
        • Medical Apps
          • Women's Health
            • Fitness Nutrition
            • Menstrual Health
            • Pregnancy Tracking Postpartum Care
            • Menopause
            • Disease Management
            • Others
          • Chronic Disease Management Apps
            • Diabetes Management Apps
            • Blood Pressure ECG Monitoring Apps
            • Mental Health Management Apps
            • Cancer Management Apps
            • Obesity Management Apps
            • Other Chronic Disease Management Apps
          • Personal Health Record Apps
          • Medication Management Apps
          • Diagnostic Apps
          • Remote Monitoring Apps
          • Others (Pill Reminder, Medical Reference, Professional Networking, Healthcare Education)
        • Fitness Apps
      • Services
        • Monitoring Services
          • Independent Aging Solutions
          • Chronic Disease Management Post-Acute Care Services
        • Diagnosis Services
        • Healthcare Systems Strengthening Services
        • Others
      • Digital Health Systems
        • EHR
        • E-prescribing Systems
      • Healthcare Analytics

Component Outlook (Revenue, USD Million, 2018 - 2030)

• Software
• Hardware
• Services

Application Outlook (Revenue, USD Million, 2018 - 2030)

• Obesity
• Diabetes
• Cardiovascular
• Respiratory Diseases
• Others

End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Patients
• Providers
• Payers
• Others

Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Sweden
  • Denmark
  • Norway
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Singapore
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

Browse through Grand View Research's Healthcare IT Industry Research Reports.

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Key Digital Health Company Insights

Key players are adopting new product development, partnership, and merger acquisition strategies to increase their market share. Apple, Inc., Google, Inc., and Qualcomm Technologies, Inc. are market leaders with a presence in more than 30 countries, including headquarters, manufacturing sites, distribution centers, and office locations. The Apple App Store features over 40,000 apps in the healthcare segment. In March 2023, to improve digital health, Apple Inc. announced plans to upgrade AirPods by adding ambient light sensors with health tracking features, including motion detectors, temperature monitors, blood oxygen level, and perspiration heart rate, by 2025. In addition, H2O Therapeutics, a Turkey-based startup, received U.S. FDA clearance for its Parky app. This Apple Watch app monitors Parkinson’s disease symptoms, such as dyskinesia and tremors. Furthermore, Samsung Electronics Co. Ltd., Qualcomm Technologies, Inc., and Vodafone Group Plc. are the emerging market players.

Key Digital Health Companies:

The following are the leading companies in the digital health market. These companies collectively hold the largest market share and dictate industry trends

• Telefónica S.A.
• Epic Systems Corporation
• QSI Management, LLC
• ATT
• AirStrip Technologies
• Google, Inc.
• Hims Hers Health, Inc.
• Orange
• Softserve
• Computer Programs and Systems, Inc.
• Vocera Communications
• IBM Corporation
• CISCO Systems, Inc.
• Apple Inc.
• Oracle Cerner
• Veradigm
• Mckesson Corporation
• Hims Hers Health, Inc.
• Vodafone Group
• Qualcomm Technologies, Inc.
• Samsung Electronics Co., Ltd.

Recent Developments

In April 2023, Microsoft collaborated with Epic Systems Corporation to integrate AI into EHR, enabling healthcare practitioners to improve their productivity and patient communication with AI-enabled solutions

In March 2023, BlueRock Therapeutics LP entered a collaboration with Emerald Innovations and Rune Labs with a major focus on innovations using contactless invisible, wearable digital health technology to improve monitoring of Parkinson's disease

In March 2023, Google launched Open Health Stack, an open-source program for developers to build health-related apps by including strategies, such as AI partnerships focusing on cancer screening

In March 2023, Nabla Technologies launched Copilot, a digital assistant tool, as a Chrome extension using GPT-3 for doctors to make patients' conversations turn into action

In March 2022, Samsung unveiled its latest innovation, a smart healthcare TV and advanced digital health solutions for healthcare facilities, at the Healthcare Information and Management Systems Society (HIMSS) Global Conference in Florida. Furthermore, Samsung and ShareSafe partnered to develop a secure solution for casting from mobile devices to Samsung Smart Healthcare TV

In March 2022, Epic Systems Corporation launched Garden Plot, which provides small independent healthcare groups access to Epic software solutions and an interoperability network

In March 2022, Vocera Communications, a part of Stryker, introduced Minibadge. This compact, portable, voice-driven wearable device integrates with clinical and operational workflows of healthcare facilities enables hands-free communication.

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