Industries - Digital Health Market Analysis by Technology (mHealth, Telecare, Digital Health System, Healthcare Analytics), by Product Type (Software, Hardware), and by Region – Forecast to 2026

Ablation Technology Market Analysis

Digital Health Market Analysis by Technology (mHealth, Telecare, Digital Health System, Healthcare Analytics), by Product Type (Software, Hardware), and by Region – Forecast to 2026
May 2021

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Digital Health Market Analysis by Technology (mHealth, Telecare, Digital Health System, Healthcare Analytics), by Product Type (Software, Hardware), and by Region - Forecast to 2026

Published: May 2021 | Historical Data: 2017-2020 | Base Year: 2020
SKU: ICI-HC-1124 | Number of Pages: 144 | Category: Healthcare IT

The global digital health market size was valued at USD 126.7 billion in 2020 and is expected to witness a CAGR of 26.2% during the forecast period. Technological advancements in healthcare systems, government initiatives for improved healthcare services, adoption of smart technology by consumers, and growing need to minimize healthcare costs are major factors that propel the global market growth. However, patient data privacy issues, unsecured payment gateways, lack of awareness, and unavailability of explicit training programs for digital health in emerging economies are expected to hinder the growth.

Digital Health Market Analysis

By Technology

Based on technology, the market is categorized into mhealth, telecare, digital health system, and healthcare analytics. mHealth is further categorized int wearables, mHealth apps, and services. Wearables segment is categorized into glucose meter, BP monitors, pulse oximeter, neurological monitors, sleep apnea monitors, and activity trackers/actigraphs. The digital health services is segmented based on two parameters, namely type and participants and its system is divided into e-prescribing system and e-health records (EHR). In 2020, the mhealth technology segment accounted for the largest revenue share and is expected to grow at a high CAGR during the forecast period. This is due to deep penetration of digital technology, expanding internet services, and innovation in mhealth apps worldwide.

By Product Type

Based on product type, the market is segmented into hardware and software. In 2020, the hardware segment accounted for significant revenue share owing to its larger penetration and adoption of training, incorporation, and upgradation of medical hardware. Additionally, increasing awareness for digital technology, rising investment in digital infrastructure, and product development are driving the segment growth. The hardware segment is projected to grow at a lucrative CAGR during the forecast period owing to increasing penetration of wearable devices and rapid technology inventions.

Regional Insights

North America was the highest revenue-grossing segment of the global market in 2020 and is projected to maintain its dominance during the forecast period. This is due to the high adoption of patient-centric digital solutions and the rapidly rising demand to minimize healthcare spending in this region. Asia Pacific is estimated to grow at the fastest CAGR during the forecast period owing to the increasing adoption of digital technology in healthcare sector, significant funding by venture capitalists and government authorities in medical technology infrastructure, and rising prevalence of chronic diseases including diabetes and obesity.

North America Digital Health Market Size (2017-2026), USD Billion

North America Digital Health Market

Competitor Insights

Some of the major companies operating in the digital health market are Cisco Systems, Cerner Corporation, McKesson Corporation, AdvancedMD Inc., Biotelemetry Inc., Allscripts Healthcare Solutions Inc., eClinicalWorks, iHealth Lab Inc., Koninklijke Philips N.V., and AT & T. Strategic partnerships, mergers, investment in R&D, and geographic expansion are some of the major strategies adopted by the leading players operating in the industry.

Key Market Developments

  • May 2021: Mayo Clinic and Kaiser Permanente announced a joint strategic investment in Medically Home Group to develop hospital-at-home care facility, aiming at transforming traditional health care model with technology amidst the COVID-19 pandemic.
  • April 2021: Microsoft Corp (Nasdaq: MSFT) announced acquisition of conversational AI company Nuance Communications in $19.7B deal to accelerate the growth of their digital health and cloud for healthcare offerings portfolio.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2017 to 2026. The digital health market report is categorized into the following segments and subsegments:

Digital Health Market, By Technology (Revenue, 2017-2026, USD Billion)

  • mHealth
    • Wearables
      • Glucose Meter
      • BP Monitors
      • Pulse Oximeter
      • Neurological Monitors
      • Sleep Apnea Monitors
      • Activity Trackers/ Actigraphs
    • Apps
      • Fitness App
      • Medical App
    • Services, by Type
      • Healthcare Strengthening System
      • Diagnostics
      • Monitoring
        • Chronic disease management & post-acute care services
        • Independent aging solutions
    • Services, by Participants
      • Device Vendors
      • Mobile Operators
      • Healthcare Providers
      • Content Players
  • Telecare
  • Digital Health System
    • E-prescribing system
    • E-Health Records (EHR)
  • Healthcare Analytics

Digital Health Market, By Product Type (Revenue, 2017-2026, USD Billion)

  • Hardware
  • Software

Digital Health Market, By Region (Revenue, 2017-2026, USD Billion)

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Scope of Digital Health Market Report:

Key Parameters Details
Data Availability 2017-2026
Historical Years 2017-2020
Base Year Considered 2020
Forecast Period 2020-2026
Company Profiles 10
Companies Considered (Across Value Chain) >50
Value Units Value in USD and CAGR in %
Market Segments Technology and Product Type
Regional Coverage North America (U.S. and Canada), Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe), Asia Pacific (China, Japan, Australia, India, South Korea, Rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), and the Middle East & Africa (South Africa, Saudi Arabia, Rest of MEA)
Key Market Players Cisco Systems, Cerner Corporation, McKesson Corporation, AdvancedMD Inc., Biotelemetry Inc., Allscripts Healthcare Solutions Inc., eClinicalWorks, iHealth Lab Inc., Koninklijke Philips N.V., and AT & T
Custom Analysis Customization up to 60 analyst hours

Digital Health Market, By Technology (Revenue, 2017-2026, USD Billion)

  • mHealth
    • Wearables
      • Glucose Meter
      • BP Monitors
      • Pulse Oximeter
      • Neurological Monitors
      • Sleep Apnea Monitors
      • Activity Trackers/ Actigraphs
    • Apps
      • Fitness App
      • Medical App
    • Services, by Type
      • Healthcare Strengthening System
      • Diagnostics
      • Monitoring
        • Chronic disease management & post-acute care services
        • Independent aging solutions
    • Services, by Participants
      • Device Vendors
      • Mobile Operators
      • Healthcare Providers
      • Content Players
  • Telecare
  • Digital Health System
    • E-prescribing system
    • E-Health Records (EHR)
  • Healthcare Analytics

Digital Health Market, By Product Type (Revenue, 2017-2026, USD Billion)

  • Hardware
  • Software

Digital Health Market, By Region (Revenue, 2017-2026, USD Billion)

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA
1. Research Methodology
  1.1. Research Objective
  1.2. Study Scope: Market Segments
  1.3. Study Timeframe, Limitations & Currency
  1.4. Domain-Assisted Cognition (DAC) Framework
    1.4.1. Three-stage Research Methodology
      1.4.1.1. Understand Ecosystem
        1.4.1.1.1. Secondary Research
        1.4.1.1.2. Primary Research
        1.4.1.1.3. Internal Repository
      1.4.1.2. Synthesize Information
        1.4.1.2.1. Data Analysis
        1.4.1.2.2. Data Triangulation
      1.4.1.3. Predict/Project Growth
        1.4.1.3.1. Market Size Estimation
          1.4.1.3.1.1. Bottom-up Approach
          1.4.1.3.1.2. Top-down Approach
        1.4.1.3.2. Data Validation
    1.4.2. Two-stage Quality Check Mechanism
      1.4.2.1. Inspection & Reporting
      1.4.2.2. Quality Audit
2. Market Summary
  2.1. Market Definition & Market Landscape
  2.2. Market Segment Snapshot
  2.3. Geographic Market Snapshot
3. Market Dynamics
  3.1. Market Driver Analysis
    3.1.1. Increasing technological advancements in healthcare systems
    3.1.2. Government initiatives for improved healthcare services
    3.1.3. Adoption of smart technology by consumers
    3.1.4. Rising healthcare cost expenditure
  3.2. Market Restraint Analysis
    3.2.1. Lack of awareness for digital healthcare benefits
    3.2.2. Unavailability of explicit training program
  3.3. Market Opportunities
    3.3.1. Increasing digital penetration in emerging economies
    3.3.2. Untapped application of digital technology healthcare
4. Industry Outlook
  4.1. Key Market Trends
  4.2. Value Chain Analysis
  4.3. Porter’s 5 Forces Analysis
  4.4. Pricing Analysis (2017-2019)
  4.5. Product Benchmarking
5. Covid-19 Impact and Deviation Analysis
  5.1. Covid-19 Prevalence Analysis
  5.2. Key Market Trends
  5.3. Market Size Deviation Analysis (2020-2026)
6. Digital Health Market Size and Forecast, by Technology (2017-2026), USD Million
  6.1. mHealth
    6.1.1. Wearables
      6.1.1.1. Glucose Meter
      6.1.1.2. BP Monitors
      6.1.1.3. Pulse Oximeter
      6.1.1.4. Neurological Monitors
      6.1.1.5. Sleep Apnea Monitors
      6.1.1.6. Activity Trackers/Actigraphs
    6.1.2. Apps
      6.1.2.1. Fitness App
      6.1.2.2. Medical App
    6.1.3. Services, by Type
      6.1.3.1. Healthcare Strengthening System
      6.1.3.2. Diagnostics
      6.1.3.3. Monitoring
        6.1.3.3.1. Chronic Disease Management & Post-Acute Care Services
        6.1.3.3.2. Independent Aging Solutions
    6.1.4. Services, by Participants
      6.1.4.1. Device Vendors
      6.1.4.2. Mobile Operators
      6.1.4.3. Healthcare Providers
      6.1.4.4. Content Players
  6.2. Telecare
  6.3. Digital Health System
    6.3.1. E-prescribing system
    6.3.2. E-Health Records (EHR)
  6.4. Healthcare Analytics
7. Digital Health Market Size and Forecast, by Product Type (2017-2026), USD Million
  7.1. Hardware
  7.2. Software
8. Digital Health Market, Regional Analysis (2017-2026), USD Million
  8.1. North America
    8.1.1. Introduction
      8.1.1.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.1.1.2. Market Size & Forecast, by Product (2017-2026), USD Million
      8.1.1.3. Market Size & Forecast, by Country (2017-2026), USD Million
    8.1.2. U.S.
      8.1.2.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.1.2.2. Market Size & Forecast, by Product (2017-2026), USD Million
    8.1.3. Canada
      8.1.3.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.1.3.2. Market Size & Forecast, by Product (2017-2026), USD Million
  8.2. Europe
    8.2.1. Introduction
      8.2.1.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.2.1.2. Market Size & Forecast, by Product (2017-2026), USD Million
      8.2.1.3. Market Size & Forecast, by Country (2017-2026), USD Million
    8.2.2. Germany
      8.2.2.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.2.2.2. Market Size & Forecast, by Product (2017-2026), USD Million
    8.2.3. UK
      8.2.3.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.2.3.2. Market Size & Forecast, by Product (2017-2026), USD Million
    8.2.4. France
      8.2.4.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.2.4.2. Market Size & Forecast, by Product (2017-2026), USD Million
    8.2.5. Spain
      8.2.5.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.2.5.2. Market Size & Forecast, by Product (2017-2026), USD Million
    8.2.6. Italy
      8.2.6.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.2.6.2. Market Size & Forecast, by Product (2017-2026), USD Million
    8.2.7. Russia
      8.2.7.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.2.7.2. Market Size & Forecast, by Product (2017-2026), USD Million
    8.2.8. Rest of Europe
      8.2.8.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.2.8.2. Market Size & Forecast, by Product (2017-2026), USD Million
  8.3. Asia Pacific (APAC)
    8.3.1. Introduction
      8.3.1.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.3.1.2. Market Size & Forecast, by Product (2017-2026), USD Million
      8.3.1.3. Market Size & Forecast, by Country (2017-2026), USD Million
    8.3.2. China
      8.3.2.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.3.2.2. Market Size & Forecast, by Product (2017-2026), USD Million
    8.3.3. Japan
      8.3.3.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.3.3.2. Market Size & Forecast, by Product (2017-2026), USD Million
    8.3.4. India
      8.3.4.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.3.4.2. Market Size & Forecast, by Product (2017-2026), USD Million
    8.3.5. Australia
      8.3.5.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.3.5.2. Market Size & Forecast, by Product (2017-2026), USD Million
    8.3.6. South Korea
      8.3.6.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.3.6.2. Market Size & Forecast, by Product (2017-2026), USD Million
    8.3.7. Rest of Asia Pacific
      8.3.7.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.3.7.2. Market Size & Forecast, by Product (2017-2026), USD Million
  8.4. Latin America (LATAM)
    8.4.1. Introduction
      8.4.1.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.4.1.2. Market Size & Forecast, by Product (2017-2026), USD Million
      8.4.1.3. Market Size & Forecast, by Country (2017-2026), USD Million
    8.4.2. Brazil
      8.4.2.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.4.2.2. Market Size & Forecast, by Product (2017-2026), USD Million
    8.4.3. Mexico
      8.4.3.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.4.3.2. Market Size & Forecast, by Product (2017-2026), USD Million
    8.4.4. Argentina
      8.4.4.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.4.4.2. Market Size & Forecast, by Product (2017-2026), USD Million
    8.4.5. Rest of LATAM
      8.4.5.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.4.5.2. Market Size & Forecast, by Product (2017-2026), USD Million
  8.5. Middle East & Africa (MEA)
    8.5.1. Introduction
      8.5.1.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.5.1.2. Market Size & Forecast, by Product (2017-2026), USD Million
      8.5.1.3. Market Size & Forecast, by Country (2017-2026), USD Million
    8.5.2. South Africa
      8.5.2.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.5.2.2. Market Size & Forecast, by Product (2017-2026), USD Million
    8.5.3. Saudi Arabia
      8.5.3.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.5.3.2. Market Size & Forecast, by Product (2017-2026), USD Million
    8.5.4. Rest of MEA
      8.5.4.1. Market Size & Forecast, by Technology (2017-2026), USD Million
      8.5.4.2. Market Size & Forecast, by Product (2017-2026), USD Million
9. Competitor Analysis
  9.1. Market Player Comparison
  9.2. Product-wise Player Mapping
  9.3. Region-wise Player Mapping
  9.4. Market Share Analysis
  9.5. Market Position Analysis
  9.6. Recent Development Analysis
10. Company Profiles
  10.1. Cisco Systems
    10.1.1. Company Overview
    10.1.2. Company Financials
    10.1.3. Product Portfolio
    10.1.4. Recent Developments
  10.2. Cerner Corporation
    10.2.1. Company Overview
    10.2.2. Company Financials
    10.2.3. Product Portfolio
    10.2.4. Recent Developments
  10.3. McKesson Corporation
    10.3.1. Company Overview
    10.3.2. Company Financials
    10.3.3. Product Portfolio
    10.3.4. Recent Developments
  10.4. AdvancedMD Inc.
    10.4.1. Company Overview
    10.4.2. Company Financials
    10.4.3. Product Portfolio
    10.4.4. Recent Developments
  10.5. Biotelemetry Inc.
    10.5.1. Company Overview
    10.5.2. Company Financials
    10.5.3. Product Portfolio
    10.5.4. Recent Developments
  10.6. Allscripts Healthcare Solutions Inc.
    10.6.1. Company Overview
    10.6.2. Company Financials
    10.6.3. Product Portfolio
    10.6.4. Recent Developments
  10.7. eClinicalWorks
    10.7.1. Company Overview
    10.7.2. Company Financials
    10.7.3. Product Portfolio
    10.7.4. Recent Developments
  10.8. iHealth Lab Inc.
    10.8.1. Company Overview
    10.8.2. Company Financials
    10.8.3. Product Portfolio
    10.8.4. Recent Developments
  10.9. Koninklijke Philips N.V.
    10.9.1. Company Overview
    10.9.2. Company Financials
    10.9.3. Product Portfolio
    10.9.4. Recent Developments
  10.10. AT & T
    10.10.1. Company Overview
    10.10.2. Company Financials
    10.10.3. Product Portfolio
    10.10.4. Recent Developments
(Note: Financials are captured for public listed companies)

Key questions addressed by the research report-

  1. What are the current market trends and future market forecast from 2020 to 2026 for digital health market?
  2. What are the market dynamics and probable opportunities for market players during the forecast period?
  3. Initiatives undertaken my market players to address the COVID-19 impact to sustain in the competitive market.
  4. Which geographies have immense opportunities in different segments of the digital health market?
  5. What are the recent strategies adopted by market players such as product launch, partnership, agreement, collaboration, merger & acquisition, and geographical expansion?


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