Digital health market size to grow by USD 563.59 billion between 2022-2027- Technavio

NEW YORK, Oct. 27, 2023 /PRNewswire/ — The digital health market is moderately fragmented, with the presence of numerous regional and global vendors. Competition in the market is expected to intensify during the forecast period as many companies invest in emerging markets for future growth prospects. For instance, one of the key vendors airstrip.com offers digital health such as Airstrip One. Also, through this segment, the company offers a complete, vendor and data source-agnostic, enterprise-wide mobile interoperability platform that advances care collaboration and serves as a catalyst for health system innovation. The digital health market is estimated to grow at a CAGR of 25.8% between 2022 and 2027. The size of the market is forecast to increase by USD 563.59 billion. Highlights on the yearly growth variance and Y-O-Y growth rate for forecast period (2023 to 2027) and the historic period (2017 to 2021) –  Download a Sample Report

What`s New for 2023?

• Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial

Segmentation Analysis:

The market is segmented by application (wireless health, mobile health, EHR, and telehealth), and component (software, services, and hardware).

By application, the market will observe significant growth in the wireless health segment. This technology allows hospitals to track the real-time location of critical equipment, such as infusion pumps and specialty beds, and it can update the real-time status of the equipment (whether it is being used or not). Hugs Infant Protection is a hospital-wide infant security system developed by STANLEY Healthcare. This is one of the key factors driving the growth of the segment.

North America will account for 43% of the market growth during the forecast period. Factors such as increasing government initiatives to expand Medicare services are increasing the demand for digital health in the developed countries of the region. In addition, telemedicine is beneficial for the elderly, as they have chronic clinical needs that require regular and frequent doctor and hospital visits. Such efforts will allow US to expand care and cover a wider patient population. You can also improve your medical facilities. Expansion of healthcare services and advanced technologies are likely to lead to the growth of the digital healthcare market during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities, historic & forecast, 2017 to 2021, 2023 to 2027, USD Billion – Download a Sample Report

Key Companies Mentioned

• 3M Co.
• Agfa Gevaert NV
• AirStrip Technologies Inc.
• Allscripts Healthcare Solutions Inc.
• Alphabet Inc.
• Apple Inc.
• Cisco Systems Inc.
• Computer Programs and Systems Inc.
• Epic Systems Corp.
• Honeywell International Inc.
• International Business Machines Corp.
• Koninklijke Philips NV
• McKesson Corp.
• Oracle Corp.
• Qualcomm Inc.

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What are the key data covered in this digital health market report?

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will drive digital health market growth during the next five years
• Precise estimation of the digital health market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the digital health market industry across 
• A thorough analysis of the market’s competitive landscape
• Comprehensive details of factors that will challenge the growth of the digital health market

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Table of contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Service
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global – Market size and forecast 2021-2026 (USD billion)
• Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 (USD billion)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis – Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Service

• 5.1 Market segments
• Exhibit 24: Chart on Service – Market share 2021-2026 (%)
• Exhibit 25: Data Table on Service – Market share 2021-2026 (%)

• 5.2 Comparison by Service 
• Exhibit 26: Chart on Comparison by Service
• Exhibit 27: Data Table on Comparison by Service

• 5.3 Emergency mental health services – Market size and forecast 2021-2026 
• Exhibit 28: Chart on Emergency mental health services – Market size and forecast 2021-2026 (USD billion)
• Exhibit 29: Data Table on Emergency mental health services – Market size and forecast 2021-2026 (USD billion)
• Exhibit 30: Chart on Emergency mental health services – Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Emergency mental health services – Year-over-year growth 2021-2026 (%)

• 5.4 Outpatient counselling – Market size and forecast 2021-2026 
• Exhibit 32: Chart on Outpatient counselling – Market size and forecast 2021-2026 (USD billion)
• Exhibit 33: Data Table on Outpatient counselling – Market size and forecast 2021-2026 (USD billion)
• Exhibit 34: Chart on Outpatient counselling – Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Outpatient counselling – Year-over-year growth 2021-2026 (%)

• 5.5 Inpatient hospital treatment services – Market size and forecast 2021-2026 
• Exhibit 36: Chart on Inpatient hospital treatment services – Market size and forecast 2021-2026 (USD billion)
• Exhibit 37: Data Table on Inpatient hospital treatment services – Market size and forecast 2021-2026 (USD billion)
• Exhibit 38: Chart on Inpatient hospital treatment services – Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Inpatient hospital treatment services – Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Service 
• Exhibit 40: Market opportunity by Service (USD billion)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 North America – Market size and forecast 2021-2026 
• Exhibit 46: Chart on North America – Market size and forecast 2021-2026 (USD billion)
• Exhibit 47: Data Table on North America – Market size and forecast 2021-2026 (USD billion)
• Exhibit 48: Chart on North America – Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America – Year-over-year growth 2021-2026 (%)

• 7.4 Europe – Market size and forecast 2021-2026 
• Exhibit 50: Chart on Europe – Market size and forecast 2021-2026 (USD billion)
• Exhibit 51: Data Table on Europe – Market size and forecast 2021-2026 (USD billion)
• Exhibit 52: Chart on Europe – Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe – Year-over-year growth 2021-2026 (%)

• 7.5 Asia – Market size and forecast 2021-2026 
• Exhibit 54: Chart on Asia – Market size and forecast 2021-2026 (USD billion)
• Exhibit 55: Data Table on Asia – Market size and forecast 2021-2026 (USD billion)
• Exhibit 56: Chart on Asia – Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Asia – Year-over-year growth 2021-2026 (%)

• 7.6 Rest of World (ROW) – Market size and forecast 2021-2026 
• Exhibit 58: Chart on Rest of World (ROW) – Market size and forecast 2021-2026 (USD billion)
• Exhibit 59: Data Table on Rest of World (ROW) – Market size and forecast 2021-2026 (USD billion)
• Exhibit 60: Chart on Rest of World (ROW) – Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Rest of World (ROW) – Year-over-year growth 2021-2026 (%)

• 7.7 US – Market size and forecast 2021-2026 
• Exhibit 62: Chart on US – Market size and forecast 2021-2026 (USD billion)
• Exhibit 63: Data Table on US – Market size and forecast 2021-2026 (USD billion)
• Exhibit 64: Chart on US – Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US – Year-over-year growth 2021-2026 (%)

• 7.8 Sweden – Market size and forecast 2021-2026 
• Exhibit 66: Chart on Sweden – Market size and forecast 2021-2026 (USD billion)
• Exhibit 67: Data Table on Sweden – Market size and forecast 2021-2026 (USD billion)
• Exhibit 68: Chart on Sweden – Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Sweden – Year-over-year growth 2021-2026 (%)

• 7.9 China – Market size and forecast 2021-2026 
• Exhibit 70: Chart on China – Market size and forecast 2021-2026 (USD billion)
• Exhibit 71: Data Table on China – Market size and forecast 2021-2026 (USD billion)
• Exhibit 72: Chart on China – Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on China – Year-over-year growth 2021-2026 (%)

• 7.10 Germany – Market size and forecast 2021-2026 
• Exhibit 74: Chart on Germany – Market size and forecast 2021-2026 (USD billion)
• Exhibit 75: Data Table on Germany – Market size and forecast 2021-2026 (USD billion)
• Exhibit 76: Chart on Germany – Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany – Year-over-year growth 2021-2026 (%)

• 7.11 India – Market size and forecast 2021-2026 
• Exhibit 78: Chart on India – Market size and forecast 2021-2026 (USD billion)
• Exhibit 79: Data Table on India – Market size and forecast 2021-2026 (USD billion)
• Exhibit 80: Chart on India – Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on India – Year-over-year growth 2021-2026 (%)

• 7.12 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography (USD billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Acadia Healthcare Co. Inc. 
• Exhibit 89: Acadia Healthcare Co. Inc. – Overview
• Exhibit 90: Acadia Healthcare Co. Inc. – Business segments
• Exhibit 91: Acadia Healthcare Co. Inc. – Key news
• Exhibit 92: Acadia Healthcare Co. Inc. – Key offerings
• Exhibit 93: Acadia Healthcare Co. Inc. – Segment focus

• 10.4 Ascension
• Exhibit 94: Ascension – Overview
• Exhibit 95: Ascension – Product / Service
• Exhibit 96: Ascension – Key offerings

• 10.5 Behavioral Health Network Inc. 
• Exhibit 97: Behavioral Health Network Inc. – Overview
• Exhibit 98: Behavioral Health Network Inc. – Product / Service
• Exhibit 99: Behavioral Health Network Inc. – Key offerings

• 10.6 CareTech Holdings Plc 
• Exhibit 100: CareTech Holdings Plc – Overview
• Exhibit 101: CareTech Holdings Plc – Business segments
• Exhibit 102: CareTech Holdings Plc – Key offerings
• Exhibit 103: CareTech Holdings Plc – Segment focus

• 10.7 North Range Behavioral Health 
• Exhibit 104: North Range Behavioral Health – Overview
• Exhibit 105: North Range Behavioral Health – Product / Service
• Exhibit 106: North Range Behavioral Health – Key offerings

• 10.8 Promises Behavioral Health 
• Exhibit 107: Promises Behavioral Health – Overview
• Exhibit 108: Promises Behavioral Health – Product / Service
• Exhibit 109: Promises Behavioral Health – Key offerings

• 10.9 Pyramid Healthcare Inc. 
• Exhibit 110: Pyramid Healthcare Inc. – Overview
• Exhibit 111: Pyramid Healthcare Inc. – Product / Service
• Exhibit 112: Pyramid Healthcare Inc. – Key offerings

• 10.10 REM Minnesota
• Exhibit 113: REM Minnesota – Overview
• Exhibit 114: REM Minnesota – Product / Service
• Exhibit 115: REM Minnesota – Key offerings

• 10.11 Strategic Behavioral Health 
• Exhibit 116: Strategic Behavioral Health – Overview
• Exhibit 117: Strategic Behavioral Health – Product / Service
• Exhibit 118: Strategic Behavioral Health – Key offerings

• 10.12 Universal Health Services Inc. 
• Exhibit 119: Universal Health Services Inc. – Overview
• Exhibit 120: Universal Health Services Inc. – Business segments
• Exhibit 121: Universal Health Services Inc. – Key news
• Exhibit 122: Universal Health Services Inc. – Key offerings
• Exhibit 123: Universal Health Services Inc. – Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 124: Inclusions checklist
• Exhibit 125: Exclusions checklist

• 11.3 Currency conversion rates for USUSD 
• Exhibit 126: Currency conversion rates for USUSD

• 11.4 Research methodology
• Exhibit 127: Research methodology
• Exhibit 128: Validation techniques employed for market sizing
• Exhibit 129: Information sources

• 11.5 List of abbreviations 
• Exhibit 130: List of abbreviations

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