Digital Health Market To Be Spurred By A 20.01% CAGR By 2032

Market Research Future (MRFR) has published on the “Global Digital Health Market”.

The Digital health market is estimated to register a CAGR of 20.01% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global digital health market— Koninklijike Philips N.V. (Netherlands), Anthenahealth Inc. (US), Cisco Systems (US), Epic Systems Corporation (US), eClinicalWorks (US), iHealth Labs, Inc. (US), NXGN Management, LLC (US), Mckesson Corporation (US), General Electric Company (US), Veradigm, LLC (US).

Digital Healthcare Market Highlights

The global digital health market is accounted for to register a CAGR of 20.01% during the forecast period and is estimated to reach USD 1314.36 billion by 2032.

Over the past few years, favorable government support for implementing digital health has facilitated market growth. For instance, the Saudi Ministry of Health's (MOH) Health Vision 2030 includes modernizing hospital IT infrastructures within each health cluster, creating the demand for EMR systems for safety, quality, and care efficiency. Moreover, many government initiatives, including encouraging physicians to use electronic health records, investing in training healthcare information technology professionals, and building regional extension centers to provide technical and other assistance, are fueling the expansion of the digital health market.

Segment Analysis

The global Digital health market has been segmented based on technology, component, application and end user.

On the basis of the technology, the market is segmented into Tele-healthcare, m-Health, Healthcare Analytics, and Digital Health System. Further, tele-healthcare is further segmented into telecare, and telehealth. Moreover, m-Health is further bifurcated into wearables, and apps. Also, digital health system is segmented not EHR, and e-prescribing systems. The Tele-healthcare segment was attributed to holding the largest market share in 2023 revenue as estimated by MRFR analysis.

Further, we estimate that the market segment will continue to pool in the largest chunk of revenue during the forecast period. It has been identified that the segment market yet witnesses continuous innovations and movements in terms of new collaborations and partnerships.

On the basis of the component, the market is segmented into software, hardware, and services. Further software is further segmented into web-based, cloud-based, and on premises. The services segment was attributed to holding the largest market share in 2023 revenue as estimated by MRFR analysis

On the basis of the application, the market is segmented into Cardiology, Diabetes, Neurology, Sleep Apnea, Oncology, Gastroenterology, Others. The cardiology segment is projected to be the faster-growing segment during the forecast period.

On the basis of the end user, the market is segmented into Healthcare Providers, Healthcare Payers, and Others. The healthcare providers segment held the majority share in 2023 of the global digital health market revenue.

Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Digital Healthcare Market Research Report

Regional Analysis

The global Digital health market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of US and Canada. The Europe Digital health market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Digital health market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia-Pacific. The Rest of the world’s Digital health market comprises of Middle East & Africa, and Latin America.

the country's robust technological infrastructure, and well-established regulatory framework are expected to foster North America’s market growth. Moreover, increasing adoption of smart wearable by the market players and, presence of several major players, such as Anthenahealth Inc. (US), Cisco Systems (US), Epic Systems Corporation (US), eClinicalWorks (US) among others drive the growth of the market are expected to support market growth.

Moreover, the Europe market has been persistently growing owing to strong data protection regulations, such as GDPR, and rising technological advancements in telehealth solutions.

Additionally, market factors, such as the large and diverse population providing a significant market for digital health, and rising prevalence of chronic diseases are driving the Asia-Pacific region’s growth.

Furthermore, the rest of the world's patient portal market is divided into the Middle East & Africa, and Latin America. The Middle East region is the major contributor to the market. Growing incidence of chronic disease, and increasing mobile penetration offers platform for mHealth applications have driven the market growth in the Middle East & Africa.

Key Findings of the Study

• The global Digital health market is expected to reach USD 1314.36 billion by 2032, at a CAGR of 20.01% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market, owing to large and diverse population providing a significant market for digital health, and rising prevalence of chronic diseases.


• Based on technoogy, the Tele-healthcare segment was attributed to holding the largest market in 2023.


• Koninklijike Philips N.V. (Netherlands), Anthenahealth Inc. (US), Cisco Systems (US), Epic Systems Corporation (US), eClinicalWorks (US), iHealth Labs, Inc. (US), NXGN Management, LLC (US), Mckesson Corporation (US), General Electric Company (US), Veradigm, LLC (US) are the key market players.