Digital Health Market Size & Share, by Technology {Telehealthcare (Telecare, Telehealth), mHealth (Wearables, Apps), Healthcare Analytics, Health Systems (Electronic Health Records, E-Prescribing Systems)}; Component (Hardware, Software, Services) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 993
  • Published Date: Mar 15, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Digital Health Market size is expected to reach USD 980 Billion by the end of 2035, witnessing around 15% CAGR during the forecast period, i.e., 2023-2035. In the year 2022, the Industry size of digital health was USD 230 Billion. The growth of the market can be attributed to the rising use of mobile applications for health and fitness, followed by rising efforts by government bodies to boost the digital health. For instance, more than 318,000 health apps were available for download in 2018 nearly twice as many as there were in the biggest app stores in 2015 across the globe.  Also, to further the growth of healthcare, the United Nations and the World Health Organization introduced a General Plan of Work, 2019–2023, which involves accelerating the creation, expansion, and use of digital health solutions.

 In addition to these, factors that are believed to fuel the market growth of digital health include the growing adoption of telehealth services and the rising use of smartphones by experts. Numerous telemedicine solutions, including websites, robots, and chatbots, enable virtual doctor visits and primary care, e-prescriptions, remote patient monitoring, and screening in real-time, all of which is playing a crucial role in providing timely attention to the patient. Almost 25% of doctors use mobile devices to provide patient care, and 4 out of 5 doctors use them to help with their daily tasks. Furthermore, telemedicine has become 50% more popular in behavioral health for scheduling virtual consultation with counsellors, psychologists, and other behavioral health.

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Digital Health Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Use of Smartphones, Laptops, & Tablets – The mobile health, or mHealth, the business has grown as mobile devices become more and more used in healthcare. In fact, 74% of hospitals are more effective than those that don't use mobile devices to gather patient data around the world. Moreover, around 84% of healthcare professionals utilize mobile devices to support patients after they leave the hospital.
  • Rise in the Number of People Using Fitness Wearable Devices - Wearable medical gadgets are made to gather information about users' personal health and exercise. They can even transmit a patient's health data in real time to a physician or other healthcare expert.  More than 445 million wearable fitness devices were supplied to consumers in 2020 worldwide, and the epidemic contributed to a more than 31% increase in fitness tracker revenue.
  • Favorable Government Initiatives for Digital Healthcare – Higher government efforts is expected to boost the market growth. The National Digital Health Mission (NDHM) was launched by the Ministry of Health and Family Welfare of the Government of India in August 2020 with the goal of offering essential assistance for the integration of digital health infrastructure throughout the nation.
  • Growing Use of Electronic Health Record (EHR)– Around 97% of doctors electronically recorded BDOH data in 2021, while 85% of doctors electronically recorded SDOH data. Compared to other medical professionals, primary care physicians electronically collected SDOH and BDOH data at a higher rate.
  • Rising Benefits of Digital Healthcare Systems– By utilizing contemporary, digital information and communication technologies in healthcare, around 1 billion individuals around the world are anticipated to receive better healthcare services and better attention during emergencies.


  • Digital Health Implementation Requires High Investment
  • Need for Frequent Maintenance of the Software and Hardware
  • Rising danger of data theft- Data security is the top worry for healthcare firms. As medical services become more digital, the risk of security breaches, data thefts, and fraud has increased. Any kind of cyberattack can result in the loss of private and sensitive patient health data. Hence, growing anxiety over data theft is predicted to impede market expansion. Attacks on the healthcare system affected 45 million people in 2021, up from 34 million in 2020 in the United States

Digital Health Market - Key Insights

   Base Year


   Forecast Year




   Base Year Market Size (2022)

   ~ USD 230 Billion

   Forecast Year Market Size (2035)

   ~ USD 980 Billion

   Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Digital Health Segmentation

Technology {Telehealthcare (Telecare, Telehealth), mHealth (Wearables, Apps), Healthcare Analytics, Health Systems

The global digital health market is segmented and analyzed for demand and supply by technology into telehealthcare, mhealth, healthcare analytics, and digital health systems. Out of the four types of technology, the telehealthcare segment is estimated to gain the largest market share in the year 2035. The growth of the segment can be attributed to the increasing use of telehealth facilities in hospitals. The advantages of telehealth include less risk of contracting diseases, improved access to care, and patient convenience. During the pandemic, hospitals increased the use of telehealth, virtual visits, video conversations, patient portals, and remote monitoring equipment. Compared to around 8% in 2017, nearly 26% of providers surveyed indicated telehealth is their organization's main agenda for 2022. Furthermore, in a study of 254 patients at Massachusetts General Hospital concerning telemedicine consultations, around 80% gave them an excellent rating for effectiveness and communication, and nearly 82% said they would suggest them to relatives and friends.

Component (Hardware, Software, Services)

The global digital health market is also segmented and analyzed for demand and supply by component into hardware, software, and services. Amongst these three segments, the software segment is expected to garner a significant share in the year 2035. Digital healthcare software is seen as a practical and affordable way to quicken the pace of digital innovation, helping providers to promote productivity, increase revenue, enhance the experience of both the patient and employee, and improve care quality. The segment growth is primarily attributed to the introduction of new software. For instance, in March 2022, GE Healthcare announced to launch Edison Digital Health Platform, which is advanced software that is created to provide holistic views of each patient and support integrated care pathway management by gathering information from numerous sources and vendors to enhance clinical applications.

Our in-depth analysis of the global market includes the following segments:

          By Technology

  • Telehealthcare
    • Telecare
    • Telehealth
  • mHealth
    • Wearables
    • Apps
  • Healthcare Analytics
  • Digital Health Systems
    • Electronic Health Records
    • E-Prescribing Systems

      By Component

  • Hardware
  • Software
  • Services

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Digital Health Industry - Regional Synopsis

North American Market Forecast   

The North American digital health market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the rising demand for electronic health records. Around 86% of non-Federal general acute care hospitals had adopted a 2015 Edition certified electronic health record, according to statistics from 2019 and 2021. (EHR). Comparatively, only 23% of specialty hospitals and 40% of rehab hospitals are using the HER. In addition to this, the growing use of telehealth services is also expected to augment the market growth in the region. In the United States, telehealth utilization increased from about 51% in February 2019 to over 62% in March 2021. In addition, the adoption of telehealth rose three times as fast in 2020 as it did in 2019.

APAC Market Statistics

The Asia Pacific digital health market, amongst the market in all the other regions, is projected to hold the second largest share during the forecast period. The growth of the market can be attributed majorly to the growing use of fitness apps. India saw the largest growth of 156% for health and fitness apps between Q1 and Q2 2020. Moreover, between 2020 and 2021, 76 million health applications were downloaded in India, a 38% rise over the previous year. In addition to this, the most well-liked medical app in China as of December 2021 was Ping An Good Doctor, which had about 12 million active monthly users. Besides this, the rising penetration of digitization in healthcare is also anticipated to boost the market growth. In India, over 80% of respondents are willing to increase their budget for digital healthcare and IT infrastructure in order to get better outcomes.

Europe Market Forecast

Further, the market in the Europe, amongst the market in all the other regions, is projected to hold a significant share by the end of 2035. The growth of the market can be attributed majorly to the increasing use of telehealth and telemedicine, owing to their benefits. In Germany, telemedicine interventions have reduced hospital admissions, decreased all-cause mortality for patients with heart failure, and increased quality of life. Furthermore, the region’s market growth is also ascribed to the rising use of the internet by people to solve health-related queries. According to the Eurostat ICT household survey, in the first quarter of 2020, 55% of EU citizens aged 16 to 74 conducted online searches for health-related information.

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Companies Dominating the Digital Health Landscape

    • GE Healthcare

      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Avia
    • Oracle
    • Mckesson Corporation
    • Epic Systems Corporation
    • Samsung Electronics Co., Ltd.
    • Apple, Inc.
    • AirStrip Technologies, Inc.
    • Qualcomm Technologies, Inc.
    • CISCO Systems, Inc. 


In The News

  • AVIA announces the launch of AVIA Marketplace, the innovative platform for innovators at health systems to examine, verify and choose the best digital health solutions. The platform connects providers of digital health solutions with those who need their products and services, enabling providers to reach relevant clients.

  • GE Healthcare announce the collaboration with Tribun Health with the aim to integrate Tribun's Health Suite data with GE Healthcare's products to provide a data management solution.

Author Credits:  Radhika Gupta, Shivam Bhutani

  • Report ID: 993
  • Published Date: Mar 15, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising use of electronic health records and fitness wearable devices followed by the rising use of mobile and laptops are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 15% over the forecast period, i.e., 2023-2035.

The risk of data theft and the need for high initial investment and frequent maintenance are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Avia, Oracle, Mckesson Corporation, Epic Systems Corporation, Samsung Electronics Co., Ltd., Apple, Inc., AirStrip Technologies, Inc., Qualcomm Technologies, Inc., CISCO Systems, Inc., and GE Healthcare.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by technology, component, and by region.

The telehealthcare segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Digital Health Market Report Scope

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