Healthcare Intelligence Desk

Digital Health Market Size to Reach USD 511 Billion by 2026

Lehdistötiedote   •   Joulu 04, 2019 12:13 EET

The global digital health market size was valued at USD 95.7 billion in 2018 and expanding at a CAGR of 27.7% from 2019 to 2026.

The global digital health market value is expected to reach around USD 511 billion by 2026.

The global digital health market is expected to rise exponentially in the coming years. The already multi-billion industry is likely to grow at an accelerated pace, as healthcare sector welcomes digitization. Factors such as the advent of mobile health, wireless solutions, and telehealth will foster growth opportunities for the digital health market.

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Acumen Research and Consulting offers a comprehensive overview of the global digital health market in a report, titled "Digital Health Market (By Technology - Telehealth, Apps, Health Analytics, mHealth, Digital Health Systems, Market By Components- Hardware, Software, Services) - Global Industry Size, Share, Trends, and Forecast 2018-2026".

The report presents an executive-level blueprint of the global digital health market. It covers various factors encouraging growth. Furthermore, the report provides insights into potential challenges awaiting the market players. Using industry-leading analytical tool, the report gauges strengths and weaknesses of key players and their competitive strength. In addition to this, the report calculates investment feasibility across key regions. To offer an in-depth overview it categorizes the market on the basis of various criteria.

Rising Adoption of mHealth Technologies to Boost Growth

In the coming years, the digital health market is expected to gain pace in response to the rising adoption of mHealth technologies. These are advanced technologies that also help in the self-management of diabetes and other chronic ailments. Taking cue from this, several companies are launching innovative technologies to help in the same. For instance, Glooko was launched specifically to help in the management of diabetes. Similar apps are now increasingly available across smartphones, making it easier for the healthcare professionals and patients alike to keep abreast of the most recent patient information. Development of these technologies is lauded as they are significantly helping in disease diagnosis and monitoring. These are a few of the chief digital health market trends that are likely to enable growth in the coming years. Bolstering this will be the rising penetration of smartphones, smart devices, and better internet connectivity around the world.

Demand for Improving Workflow Efficiency to Boost Uptake in Healthcare Organizations

The demand for digital health is rising on account of the increasing need to improving workflow efficiency across hospitals and other healthcare organizations. In addition to this, there is mounting pressure from governments to reduce healthcare costs, while at the same time focus on improving quality of patient care. Recent advancements in the technology showcased the inclusion of mobile, big data, cloud, and interoperability. Following these developments, a surge in the demand for EHR is observed, subsequently boosting growth prospects for the digital health market. In addition to this, an increasing number of companies are investing in developing innovations in EHR. For instance, Allscripts launched a mobile first and cloud based EHR, dubbed as Avenel, in 2018. The system uses machine learning to bring down time taken for clinical documentation. It works more like an application. Such developments are expected to bode well for the overall market.

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High Adoption of Advanced Technologies Seals North America as a Lucrative Market for Digital Health Technologies

Regionally, the digital health market can be classified into Asia Pacific, North America, Europe, the Middle East and Africa, and Latin America. Among these regions, North America has emerged dominant. Both, the presence of a sophisticated healthcare infrastructure and the high adoption of advanced technologies, are supporting the expansion of the North America digital health market. Furthermore, consumers in the region have a higher spending power, which does augur well for the overall market.

While Asia Pacific will emerge as a future market for digital health, growth in LAMEA might remain restrained. Never mind this, the region a huge untapped potential, which could stoke growth of the market in the coming years. In Asia Pacific, however, the market will see increasing opportunities as governments invest in the expansion of their healthcare infrastructure. While in developed nations such as the U.S., healthcare IT ventures funded by governments will give tailspin to the growth of the digital health market, Asia Pacific will support expansion with rising penetration of internet and smart devices. The availability of low cost mobile technologies in nations such as Thailand and Malaysia will further support the growth of the market in Asia Pacific.

Leading Players Focus on Product Launches to Gain Competitive Strength

To study the market in detail, the report also profiles some of the leading companies operating therein. These include Qualcomm Technologies Inc.; Cerner Corporation; AirStrip Technologies; Apple Inc.; Allscripts; Orange; Samsung Electronics Co. Ltd.; Mqure; Google Inc.; Vodafone Group; Telefonica S.A.; and McKesson Corporation.

Presence of several big names in industry has rendered the digital health market highly competitive. In order to stay ahead of the competition, the companies are focusing on product launches and keeping up with the pace of evolving technologies. Several other organizations also are focusing on strategic collaborations to gain strength. In addition to this, they are aiming to acquire renowned regional players to expand their geographic footprint. Expansion strategies adopted by the leading companies are expected push the global digital health market growth over the course of the forecast period.

Market Segmentation

Market by Technology

  • Telehealth
    • Activity Monitoring
    • LTC Monitoring
    • Video Consultation
    • Remote Medication Management
    • Others
  • Health Analytics
  • mHealth
  • BP Monitor
  • Pulse Oximeter
  • Glucose Meter
  • Sleep Apnea Monitors
  • Neurological Monitors
  • Others
  • Digital Health Systems
  • Others

Market By Components

  • Hardware
  • Software
  • Services

Market By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Table of Content

CHAPTER 1. INDUSTRY OVERVIEW

1.1. Definition and Scope

1.1.1. Definition of Digital Health

1.1.2. Market Segmentation

1.1.3. List of Abbreviations

1.2. Summary

1.2.1. Market Snapshot

1.2.2. Digital Health Market by Technology

1.2.2.1. Global Digital Health Market Revenue and Growth Rate Comparison by Technology (2015-2026)

1.2.2.2. Global Digital Health Market Revenue Share by Technology in 2017

1.2.2.3. Telehealth

1.2.2.4. Health Analytics

1.2.2.5. mHealth

1.2.2.6. BP Monitor

1.2.2.7. Pulse Oximeter

1.2.2.8. Glucose Meter

1.2.2.9. Sleep Apnea Monitors

1.2.2.10. Neurological Monitors

1.2.2.11. Digital Health Systems

1.2.2.12. Others

1.2.3. Digital Health Market By Components

1.2.3.1. Global Digital Health Market Revenue and Growth Rate Comparison By Components (2015-2026)

1.2.3.2. Global Digital Health Market Revenue Share By Components in 2017

1.2.3.3. Hardware

1.2.3.4. Software

1.2.3.5. Services

1.2.3.6. Others

1.2.4. Digital Health Market by Geography

1.2.4.1. Global Digital Health Market Revenue and Growth Rate Comparison by Geography (2015-2026)

1.2.4.2. North America Digital Health Market Revenue and Growth Rate (2015-2026)

1.2.4.3. Europe Digital Health Market Revenue and Growth Rate (2015-2026)

1.2.4.4. Asia-Pacific Digital Health Market Revenue and Growth Rate (2015-2026)

1.2.4.5. Latin America Digital Health Market Revenue and Growth Rate (2015-2026)

1.2.4.6. Middle East and Africa (MEA) Digital Health Market Revenue and Growth Rate (2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS

2.1. Market Drivers

2.2. Restraints and Challenges

2.3. Growth Opportunities

2.4. Porter’s Five Forces Analysis

2.4.1. Bargaining Power of Suppliers

2.4.2. Bargaining Power of Buyers

2.4.3. Threat of Substitute

2.4.4. Threat of New Entrants

2.4.5. Degree of Competition

2.5. Value Chain Analysis

2.6. Cost Structure Analysis

2.6.1. Raw Material and Suppliers

2.6.2. Manufacturing Process Analysis

2.7. Regulatory Compliance

2.8. Competitive Landscape, 2017

2.8.1. Player Positioning Analysis

2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS

3.1. Capacity and Commercial Production Date of Global Digital Health Major Manufacturers in 2017

3.2. Manufacturing Plants Distribution of Global Digital Health Major Manufacturers in 2017

3.3. R&D Status and Technology Source of Global Digital Health Major Manufacturers in 2017

3.4. Raw Materials Sources Analysis of Global Digital Health Major Manufacturers in 2017

CHAPTER 4. Digital Health MARKET by Technology

4.1. Global Digital Health Revenue by Technology

4.2. Telehealth

4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)

4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

4.3. Health Analytics

4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)

4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

4.4. mHealth

4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)

4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

4.5. BP Monitor

4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)

4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

4.6. Pulse Oximeter

4.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)

4.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

4.7. Glucose Meter

4.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)

4.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

4.8. Sleep Apnea Monitors

4.8.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)

4.8.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

4.9. Neurological Monitors

4.9.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)

4.9.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

4.10. Digital Health Systems

4.10.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)

4.10.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

4.11. Others

4.11.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)

4.11.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 5. Digital Health MARKET By Components

5.1. Global Digital Health Revenue By Components

5.2. Hardware

5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)

5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

5.3. Software

5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)

5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

5.4. Services

5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)

5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

5.5. Others

5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)

5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 6. NORTH AMERICA Digital Health MARKET BY COUNTRY

6.1. North America Digital Health Market Revenue and Growth Rate, 2015 - 2026 ($Million)

6.2. North America Digital Health Market Revenue Share Comparison, 2015 & 2026 (%)

6.3. U.S.

6.3.1. U.S. Digital Health Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

6.3.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

6.4. Canada

6.4.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

6.4.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

6.5. Mexico

6.5.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

6.5.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

CHAPTER 7. EUROPE Digital Health MARKET BY COUNTRY

7.1. Europe Digital Health Market Revenue and Growth Rate, 2015 - 2026 ($Million)

7.2. Europe Digital Health Market Revenue Share Comparison, 2015 & 2026 (%)

7.3. UK

7.3.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

7.3.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

7.4. Germany

7.4.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

7.4.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

7.5. France

7.5.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

7.5.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

7.6. Spain

7.6.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

7.6.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

7.7. Rest of Europe

7.7.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

7.7.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

CHAPTER 8. ASIA-PACIFIC Digital Health MARKET BY COUNTRY

8.1. Asia-Pacific Digital Health Market Revenue and Growth Rate, 2015 - 2026 ($Million)

8.2. Asia-Pacific Digital Health Market Revenue Share Comparison, 2015 & 2026 (%)

8.3. China

8.3.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

8.3.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

8.4. Japan

8.4.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

8.4.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

8.5. India

8.5.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

8.5.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

8.6. Australia

8.6.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

8.6.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

8.7. South Korea

8.7.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

8.7.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

8.8. Rest of Asia-Pacific

8.8.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

8.8.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

CHAPTER 9. LATIN AMERICA Digital Health MARKET BY COUNTRY

9.1. Latin America Digital Health Market Revenue and Growth Rate, 2015 - 2026 ($Million)

9.2. Latin America Digital Health Market Revenue Share Comparison, 2015 & 2026 (%)

9.3. Brazil

9.3.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

9.3.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

9.4. Argentina

9.4.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

9.4.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

9.5. Rest of Latin America

9.5.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

9.5.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

CHAPTER 10. MIDDLE EAST Digital Health MARKET BY COUNTRY

10.1. Middle East Digital Health Market Revenue and Growth Rate, 2015 - 2026 ($Million)

10.2. Middle East Digital Health Market Revenue Share Comparison, 2015 & 2026 (%)

10.3. Saudi Arabia

10.3.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

10.3.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

10.4. UAE

10.4.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

10.4.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

10.5. Rest of Middle East

10.5.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

10.5.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

CHAPTER 11. AFRICA Digital Health MARKET BY COUNTRY

11.1. Africa Digital Health Market Revenue and Growth Rate, 2015 - 2026 ($Million)

11.2. Africa Digital Health Market Revenue Share Comparison, 2015 & 2026 (%)

11.3. South Africa

11.3.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

11.3.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

11.4. Egypt

11.4.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

11.4.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

11.5. Rest of Africa

11.5.1. Market Revenue and Forecast by Technology, 2015 - 2026 ($Million)

11.5.2. Market Revenue and Forecast By Components, 2015 - 2026 ($Million)

CHAPTER 12. COMPANY PROFILE

12.1. AT&T Inc.

12.1.1. Company Snapshot

12.1.2. Overview

12.1.3. Financial Overview

12.1.4. Product Portfolio

12.1.5. Key Developments

12.1.6. Strategies

12.2. Allscripts Healthcare Solutions Inc.

12.2.1. Company Snapshot

12.2.2. Overview

12.2.3. Financial Overview

12.2.4. Product Portfolio

12.2.5. Key Developments

12.2.6. Strategies

12.3. Aruba Networks, Inc.

12.3.1. Company Snapshot

12.3.2. Overview

12.3.3. Financial Overview

12.3.4. Product Portfolio

12.3.5. Key Developments

12.3.6. Strategies

12.4. Apple Inc.

12.4.1. Company Snapshot

12.4.2. Overview

12.4.3. Financial Overview

12.4.4. Product Portfolio

12.4.5. Key Developments

12.4.6. Strategies

12.5. Alcatel-Lucent Corporation

12.5.1. Company Snapshot

12.5.2. Overview

12.5.3. Financial Overview

12.5.4. Product Portfolio

12.5.5. Key Developments

12.5.6. Strategies

12.6. Agfa-Gevaert N.V.

12.6.1. Company Snapshot

12.6.2. Overview

12.6.3. Financial Overview

12.6.4. Product Portfolio

12.6.5. Key Developments

12.6.6. Strategies

12.7. AirStrip Technologies LP

12.7.1. Company Snapshot

12.7.2. Overview

12.7.3. Financial Overview

12.7.4. Product Portfolio

12.7.5. Key Developments

12.7.6. Strategies

12.8. Cerner Corporation

12.8.1. Company Snapshot

12.8.2. Overview

12.8.3. Financial Overview

12.8.4. Product Portfolio

12.8.5. Key Developments

12.8.6. Strategies

12.9. Symantec Corporation

12.9.1. Company Snapshot

12.9.2. Overview

12.9.3. Financial Overview

12.9.4. Product Portfolio

12.9.5. Key Developments

12.9.6. Strategies

12.10. Cisco Systems, Inc.

12.10.1. Company Snapshot

12.10.2. Overview

12.10.3. Financial Overview

12.10.4. Product Portfolio

12.10.5. Key Developments

12.10.6. Strategies

12.11. Siemens Healthcare Epic Systems Corp.

12.11.1. Company Snapshot

12.11.2. Overview

12.11.3. Financial Overview

12.11.4. Product Portfolio

12.11.5. Key Developments

12.11.6. Strategies

12.12. Qualcomm, Inc.

12.12.1. Company Snapshot

12.12.2. Overview

12.12.3. Financial Overview

12.12.4. Product Portfolio

12.12.5. Key Developments

12.12.6. Strategies

12.13. Philips Healthcare

12.13.1. Company Snapshot

12.13.2. Overview

12.13.3. Financial Overview

12.13.4. Product Portfolio

12.13.5. Key Developments

12.13.6. Strategies

12.14. Others

12.14.1. Company Snapshot

12.14.2. Overview

12.14.3. Financial Overview

12.14.4. Product Portfolio

12.14.5. Key Developments

12.14.6. Strategies

CHAPTER 13. RESEARCH APPROACH

13.1. Research Methodology

13.1.1. Initial Data Search

13.1.2. Secondary Research

13.1.3. Primary Research

13.2. Assumptions and Scope

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