Stratview Research has published a new research report on the ‘Digital Health Market’. This report covers the top regions & countries of the world and shows a region-wise development status, including market size, shares, revenue, opportunities, and strategies to enhance growth across the globe. This report provides a 5-year pre-historic and future forecast for the segment and a comprehensive overview of the global market size.

Digital Health Market: Report Highlights

The digital health market was estimated at USD 174.2 billion in 2021 and is likely to grow at a CAGR of 18.2% during 2022-2028 to reach USD 561.52 billion in 2028. 

Digital health is defined as the incorporation of electronic communication and information technology used in managing different healthcare processes for people’s health and well-being. This concept is an umbrella term for mHealth apps, wearable devices, electronic health records, electronic medical records, telemedicine, telehealth, etc.

Market Drivers

The growth of the digital health market is primarily driven by:

  • Rising smartphone or mobile phone penetration & integration of advanced technologies, such as the internet of things (IoT) & artificial intelligence (AI),
  • Advancing healthcare IT infrastructure,
  • Increasing demand for remote patient monitoring services.

Impact of COVID-19 on Digital Health Market

The COVID-19 pandemic has radically altered people's daily lives, workplaces, and the surrounding environment. According to the market forecast for digital health, the current estimate for 2028 is expected to be higher than pre-COVID-19 estimates. The COVID-19 outbreak has had little impact on the growth of the market because the COVID-19 lockdown enabled the widespread adoption of digital health. The pandemic has compelled the development of safer and more efficient methods of constructing offices and homes.

Why to invest in this report?

The report provides critical insights into the market dynamics and enables strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints,
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, Product portfolio, new product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Key success factors

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