The global digital health market is anticipated to grow at a considerable CAGR of 16.6 % during the forecast period (2022-2028). The increasing adoption of smartphones and other devices is propelling the growth of the digital health market. For instance, according to the Pew Research Center, The share of Americans that own a smartphone is 85% in 2021, up from just 35% in Pew Research Center’s first survey of smartphone ownership conducted in 2011. Moreover, the rise in average time spent by consumers on smartphones is another factor propelling the growth of the market over the forecast. For instance, according to the India Brand Equity Foundation, there was a 39% rise in the average time spent by an Indian user on a smartphone. As per data revealed by App Annie, India stood third (4.6 hours a day) on the list of average time spent by an average user on smartphones, with Indonesia (5.2 hours a day) and Brazil (4.8 hours a day) taking the top two spots worldwide.
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Furthermore, the increasing internet penetration is supporting the digital health market over the forecast. For instance, according to Pew Research Center, there were 89% of internet users in the US and as of 2021, 93% of American adults use the internet that is users increased by 4 %, which is directly supporting the growth of the market.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Technology
o By Component
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including AT&T, Inc., Apple, Inc., Allscripts Healthcare Solutions, Inc., Athena health Inc., eClinical Works, Google Inc., IBM Corp., Koninklijke Philips N.V., Qualcomm Technologies, Inc., Vodafone Group, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Digital Health Market Report Segment
By Technology
- Telehealthcare
- mHealth
- Apps
- Health Analytics
By Component
- Hardware
- Software
- Services
A full report of Digital Healthcare Market is available at: https://www.omrglobal.com/industry-reports/digital-healthcare-market
Digital Healthcare Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- AdvancedMD Inc.
- AirStrip Technologies, Inc.
- Athenahealth Inc.
- eClinical Works
- General Electric Company
- Honeywell International Inc.
- iHealth Lab Inc.
- Google Inc.
- IBM Corp.
- Koninklijke Philips N.V.
- Mckesson Corp.
- Qualcomm Technologies, Inc.
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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- Over 100+ paid data sources mined for investigation.
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