The global digital health market is expected to reach USD 780.05 billion by 2030, growing at a CAGR

• Admin
• 2023-02-08

Digital health uses technology and digital care programs to improve healthcare efficiency and personalize medicine, working alongside communication and information systems to better understand medical issues. It is also a crucial factor in social prescribing, which refers patients to community support for mental health improvement. Digital health offers opportunities for growth in the medical field by giving healthcare professionals access to patients' healthcare data.

Key highlights:

The global digital health market is projected to grow at a CAGR of 16.1% from 2022 to 2030
The market size was valued at around USD 195.1 billion in 2021 and is expected to reach USD 780.05 billion by 2030
The market is expected to grow due to the benefits of digital health
Telehealthcare was the leading technology segment in 2021
Services were the leading component in 2021
North America was the leading revenue generator in 2021.

The global digital health market is growing due to the exceptional benefits it offers for both patients and medical professionals. It facilitates informed decision-making and reduces dependence on others, aids in early diagnosis and management of chronic conditions, reduces medical inefficiencies and costs, and improves access to health information. However, concerns over health data ownership and the technical knowledge gap for certain populations may hinder market expansion. The market is segmented based on components (services, software, hardware) and technology (digital health systems, healthcare analytics, telehealthcare, mhealth) with telehealthcare currently leading in terms of market growth and revenue generation. Growing awareness about digital health and its benefits presents growth opportunities, while adopting new technology remains a challenge.