IMARC Group has recently released a new research study titled “Digital Health Market Report by Type (Telehealth, Medical Wearables, EMR/EHR Systems, Medical Apps, Healthcare Analytics, and Others), Component (Software, Hardware, Service), and Region 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
The global digital health market size reached USD 493 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 1,913.2 Billion by 2033, exhibiting a growth rate (CAGR) of 16.3% during 2025-2033.
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Digital Health Market Trends
The digital health market will grow fast. It is due to healthcare needs and tech advances. In 2024, telehealth will make healthcare more accessible and convenient. By 2025, artificial intelligence and data analytics will improve diagnostics and personalize care. Emphasizing patient involvement will create new tools to help people manage their health. Collaboration between healthcare providers and tech companies will boost investment and innovation.
This will improve care and focus on patients. It will lead to better outcomes and satisfaction. By 2025, digital health will be vital to modern healthcare. It will shift to a more integrated, tech-driven approach. system.
Market Dynamics 1: Increased Adoption of Telehealth Services
The digital health market is rapidly embracing telehealth, a trend boosted by COVID-19. Both patients and providers have adapted to virtual consultations. By 2025, demand for telehealth is expected to rise significantly. This growth is due to remote access. It saves travel time and provides timely advice without in-person visits. Telehealth platforms are expanding their offerings. They now include primary care, mental health support, and chronic disease management. Technological advances, like high-definition video and secure messaging, are improving virtual care.
This makes it a strong alternative to traditional healthcare. Healthcare organizations are investing in telehealth and integrating it into their services. Patients appreciate the flexibility and accessibility of digital health. By 2025, telehealth will likely be standard in healthcare. It will change how patients and providers interact and improve health outcomes.
Market Dynamics 2: Integration of Artificial Intelligence and Data Analytics
AI and data analytics are changing digital health. By 2025, AI will boost diagnosis, tailor treatments, and foresee patient outcomes. Healthcare providers are tapping into AI to sift through patient data. This helps them spot trends, make decisions, and work better. For example, AI can spot diseases early by examining images or EHRs for patterns. It also predicts patient needs, optimizing resource use and reducing readmissions. The demand for personalized care is rising.
Consequently, more funds will flow into AI and analytics in healthcare. This trend improves care and smooths operations. It also fosters preventive health strategies by 2025.
Market Dynamics 3: Growing Focus on Patient Engagement and Empowerment
Patient engagement and empowerment are key in digital health. Healthcare providers now see the need to involve patients in their care. By 2025, demand for digital health tools like apps, wearables, and portals will soar. These tools help patients monitor health, access information, and connect with providers. A rise in consumerism has increased patients' expectations in healthcare. They want transparency, convenience, and personalized care.
Thus, organizations are focusing on easy-to-use digital solutions that boost involvement and satisfaction. The push is also on managing chronic diseases and preventing illness. This drives the need for tools that empower patients. Engaged patients follow treatment plans better. This improves health and lowers costs. Empowering patients will drive growth in digital health by 2025.
Digital Health Market Report Segmentation:
Breakup By Type:
· Telehealth
· Medical Wearables
· EMR/EHR Systems
· Medical Apps
· Healthcare Analytics
· Others
Telehealth account for the majority of shares driven by the increasing demand for remote healthcare services and its broad application across various medical fields.
Breakup By Component:
· Software
· Hardware
· Service
Service dominates the market as healthcare providers increasingly rely on digital platforms.
Breakup By Region:
· North America
· Asia Pacific
· Europe
· Latin America
· Middle East and Africa
North America holds the leading position owing to a large market for digital health driven by its advanced healthcare infrastructure, high healthcare expenditure, and widespread adoption of digital health technologies.
Top Digital Health Market Leaders:
The digital health market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.
Some of the key players in the market are:
AirStrip Technologies Inc.
· AT&T
· Athenahealth Inc.
· eClinicalWorks
· iHealth Lab Inc.
· Kininklijke Philips N.V.
· McKesson Corporation
· Omron Healthcare (Omron Corporation)
· Oracle Corporation
· Qualcomm Technologies Inc.
· Veradigm LLC
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Key Highlights of the Report:
· Market Performance (2018-2023)
· Market Outlook (2024-2032)
· Market Trends
· Market Drivers and Success Factors
· Impact of COVID-19
· Value Chain Analysis
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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