Digital Health Market Outlook:
Digital Health Market size was valued at USD 278.09 billion in 2024 and is set to exceed USD 2.33 trillion by 2034, expanding at over 23.7% CAGR during the forecast period i.e., between 2025-2034. In the year 2025, the industry size of digital health is evaluated at USD 334.11 billion.
Key Digital Health Market Insights Summary:
North American digital health market is projected to secure the largest portion of revenue by 2034.
The Asia Pacific digital health sector is likely to witness a strong CAGR throughout the forecast timeline.
Europe is projected to capture a notable share in the digital health market by 2034.
The telehealthcare segment is anticipated to dominate in terms of market share by 2034.
The software segment is projected to achieve a considerable share in the market by 2034.
Key Growth Drivers:
- Growing Use of Smartphones, Laptops, & Tablets
- Rise in the Number of People Using Fitness Wearable Devices
Key Players:
- GE Healthcare, Avia, Oracle, Mckesson Corporation, Epic Systems Corporation, Samsung Electronics Co., Ltd., Apple, Inc., AirStrip Technologies, Inc., Qualcomm Technologies, Inc., CISCO Systems, Inc.
Market Size and Growth Projections:
- 2024 Market Size: USD 278.09 billion
- 2025 Market Size: USD 334.11 billion
- Projected Market Size: USD 2.33 trillion by 2034
- Growth Forecasts: 23.7% CAGR (2025-2034)
- Largest Region: North America
- Fastest Growing Region: North America
The market growth is driven by 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, 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, Growing adoption of telehealth services and the rising use of smartphones by experts will propel the market revenue. 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.
Digital Health Market 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.
Challenges
- 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 Size and Forecast:
| Report Attribute | Details |
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Base Year |
2024 |
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Forecast Year |
2025-2034 |
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CAGR |
23.7% |
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Base Year Market Size (2024) |
USD 278.09 billion |
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Forecast Year Market Size (2034) |
USD 2.33 trillion |
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Regional Scope |
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Digital Health Market Segmentation:
Technology Segment Analysis
The telehealthcare segment is estimated to gain the largest digital health market share by 2034, propelled by 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 Segment Analysis
The software segment is expected to garner a significant digital health market share by 2034. 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 also attributed to 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:
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By Technology |
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By Component |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Digital Health Market Regional Analysis:
North American Market Insights
The North American digital health market is estimated to account for majority revenue share by 2034. The market growth can be attributed to 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.
APAC Market Insights
The Asia Pacific digital health market is expected to grow at a lucrative CAGR during the forecast period, due to 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 will boost the market expansiob. 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 Insights
Further, the market in the Europe is poised to hold significant share by the end of , propelled by 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 regional market growth is also ascribed to 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.
Key Digital Health Market Players:
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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.
Recent Developments
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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.
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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 Pawar
- Report ID: 993
- Published Date: Jun 13, 2025
- Report Format: PDF, PPT
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Digital Health Market Report Scope
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