Digital Health Market Size, Sales, Demand & Forecast 2034

Industry Prospective:

The global digital health market size was worth around USD 160.80 Billion in 2024 and is predicted to grow to around USD 298.12 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 7.1% between 2025 and 2034. The report analyzes the Digital Health Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Digital Health Market.

Request Free Sample

Digital Health Market: Overview

The integration of information technology and electronic communications with various healthcare activities is referred to as digital health. Rapid developments in healthcare IT infrastructure, as well as professional use of cloud-based storage solutions, are major factors driving market expansion. Doctors and other healthcare providers are increasingly using technology such as cellphones and tablets to monitor and track the health of their patients. Additionally, substantial advances in processing and storage technology have made computing resources more economical, efficient, and accessible, allowing for on-demand delivery of these services to patients via the internet.

Moreover, widespread government backing and the introduction of favorable regulations to stimulate the adoption of digital health solutions are increasing the demand for the technology. Other factors such as the growing elderly population, rising healthcare expenditure levels, and the rising prevalence of diseases such as Chronic Obstructive Pulmonary Disease (COPD) and diabetes are expected to drive the market even more.

Key Insights

• As per the analysis shared by our research analyst, the global digital health market is estimated to grow annually at a CAGR of around 7.1% over the forecast period (2025-2034).
• Regarding revenue, the global digital health market size was valued at around USD 160.80 Billion in 2024 and is projected to reach USD 298.12 Billion by 2034.
• The digital health market is projected to grow at a significant rate due to rising adoption of telemedicine, ai-driven healthcare solutions, and wearable technology.
• Based on Product & Service, the mHealth segment is expected to lead the global market.
• On the basis of Components, the Software segment is growing at a high rate and will continue to dominate the global market.
• Based on the End User, the Healthcare Providers segment is projected to swipe the largest market share.
• Based on region, North America is predicted to dominate the global market during the forecast period.

Request Free Sample

Digital Health Market: Driver

The growing use of smartphones and other mobile applications will drive the growth of the digital health market.

The use of cell phones by physicians has increased significantly in the United States, leading to an expansion in the practice of digital health. Smartphones, tablets, and other mobile platforms are used by one-third of all U.S. adults, with physicians using them twice as much as the general population. This has resulted in a massive increase in the number of mobile applications for healthcare needs, fuelling the industry's expansion. In addition, rapidly increasing IT infrastructure, favorable government activities, rising demand for remote patient monitoring services, and greater venture capitalist investment would raise sector income.

Digital Health Market: Restraint

Concerns about the security of patient data may cause a slowdown in market demand.

Concerns about patient data security may detract from the industry's value. The use of digital health solutions such as electronic health records, e-prescriptions, and medical apps necessitates strict data protection. A breach in data security can result in massive losses of essential and personal information, such as medical records, which frequently contain social security numbers, insurance IDs, addresses, and medical details, negatively impacting the reputation and outcomes of operations. Uncoordinated individual attempts to gain unauthorized access to information technology systems directed at physicians, hospitals, customers, and third-party service providers are common cyber security concerns.

Digital Health Market: Segmentation

The Digital Health Market is segregated based on Product & Service, Component, and End User.

By Product & Service, the market is classified into mHealth and mHealth Services. In the forecast period, the mHealth section of the digital health market acquired the largest share. The mHealth sector mostly consists of health-related mobile applications and wearable gadgets. Due to the increasing prevalence of cardiovascular disorders, such cardiac health-related mobile devices are expected to increase rapidly in the coming years. As healthcare providers aim to boost patient outreach while reducing costs, mHealth technology is seen as a method to improve healthcare cost-efficiency. Furthermore, the mHealth segment is being propelled by an increase in the use of mobile communications technology and devices to improve access to healthcare information, emergency health services, and diagnostic services.

By Component, the market is classified into Software, Hardware, and Services. In the forecast period, the services sector dominated the market, accounting for the largest share of market revenue, owing to rising demand for services such as installation, staffing, training, maintenance, and other similar services. Market participants offer these services either separately or as part of a bundle. The increasing need for modern software solutions and platforms like as electronic medical records, as well as the increasing requirement for up-gradation and training to run these software systems, are all contributing to the expansion of the services segment.

Digital Health Market: Report Scope    

Recent Developments

• In 2020, AT&T has joined forces with LifedMedID and Elo Self-Service Solutions. The collaboration aims to improve patient registration and check-in solutions. This strategic agreement expands AT&T's edge-to-edge digital healthcare solutions to improve patient outcomes, bolstering the company's market footprint.

Digital Health Market: Regional Landscape

North America dominated, accounting for the largest share of market revenue in the forecast period. Increasing healthcare IT expenditure to advance infrastructure, technological literacy, readiness to adopt advanced technological solutions, favorable government initiatives, the emergence of startups, lucrative funding options, increasing smartphone penetration, and advancements in internet connectivity are all contributing to growth. Moreover, globalization, changing lifestyles, an aging population, an increase in the incidence of chronic diseases, and an increase in demand for value-based care are driving market expansion in North America.

Asia Pacific is expected to have the fastest growth in the coming years as a result of developments in IT infrastructure and the creation of entrepreneurship initiatives, both of which are significantly contributing to the market's development. Rising smartphone penetration, increased use of activity trackers and wearables, and increased demand for healthcare analytics are propelling the Asia Pacific market forward. Favorable changes to data privacy and cyber security protocols are assisting the market's development and growth. Increasing government expenditure and assistance in areas such as remote patient monitoring to ensure inexpensive and accessible healthcare services to communities in developing countries is driving market expansion.

Digital Health Market: Competitive Landscape

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the digital health market on a global and regional basis.

Some of the main competitors dominating the Digital Health Market include -

• Allscripts Healthcare Solution, Inc.
• Cerner Corporation
• Cisco system
• eCINCICALWORKS
• General Electric company
• Koninklijke Philips N.V.
• Honeywell International Inc.
• Mckesson Corporation
• Siemens Healthcare AG
• Qualcomm technology, Inc.

The Digital Health Market is segmented as follows:

By Product & Service

• mHealth
• mHealth Services

By Component

• Software
• Hardware
• Services

By End-User

• Healthcare Providers
• Payers
• Healthcare Consumers
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America