Digital Healthcare Market – Trends Forecast Till 2028

Digital Healthcare Market, By Technology (mHealth, Tele-Healthcare, Healthcare Analytics, Digital Health System), Component (Hardware, Software, Services), End Users (Clinics, Hospital), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: June, 2020

Base Year Estimate: 2019

Report ID: D-HC-DHM-20

Format:  

Number of Pages: 277

Domain: Healthcare

Digital Healthcare Market – Trends Forecast Till 2028

Digital Healthcare Market, By Technology (mHealth, Tele-Healthcare, Healthcare Analytics, Digital Health System), Component (Hardware, Software, Services), End Users (Clinics, Hospital), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

The global digital healthcare market is anticipated to reach USD 98.2 billion by 2020 growing at a CAGR of 28.4% during the forecasting period, 2020-2028. Many advancements and improvements in terms of digital healthcare have been observed and the manufacturers are focused on improving products so as to meet the present and upcoming needs of end-users. Factors such as growing adoption for mHealth solution by physicians for the self-management prescription such as diabetes. Increased demand for improvising and enhancing workflow efficiency in hospitals and clinics are another factor driving the market for digital healthcare.

Digital Healthcare Market – Trends Forecast Till 2028

The global digital healthcare market is segmented into technology, component, end-user, and geography.

The technology segment is segmented into mHealth, Tele-Healthcare, Healthcare Analytics, and Digital Health System

On the basis of technology, the mHealth segment is expected to dominate the market for digital healthcare market during the forecast period 2020-2028

The component segment is segmented into hardware, software, and services

On the basis of components, services segment is expected to dominate the market for digital healthcare market during the forecast period 2020-2028

The end-Users segment is segmented into hospitals and clinics

Geographically, the global digital healthcare market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

North America region is the largest contributor to the digital healthcare market in the forecast period 2020-2028 and Asia-Pacific is expected to grow with the highest CAGR during the forecast period 2020-2028.

Key players in the global digital healthcare market are Apple Inc., AT&T, AirStrip Technologies, Allscripts, Google Inc., Orange, Qualcomm Technologies, Inc., Softserve, MQure among others.

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

  • In 2019, AirStrip Technologies Inc., a health care app maker, has landed investments of USD 21.5 million in its latest fundraising round. The company developed an app for smartphones and other mobile devices for doctors to coordinate patient care with other providers and facilities, and also allowing them to remotely monitor patients’ vital signs.
  • In 2019, Sanofi and Google are working together to establish a new virtual Innovation Lab focused on data-driven healthcare
  • In 2018, Allscripts Healthcare Solutions launched its new electronic health record (EHR)

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conferences like Jefferies conference)—to identify and collect information useful for this study of the digital healthcare market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial studies of the global digital healthcare market. Through secondary research, the market is classified and segmented as per industry trend, development, regional market. Product and technology development.

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the digital healthcare market.

Primary Respondent breakdown is provided below:

Digital Healthcare Market – Trends Forecast Till 2028

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the digital healthcare market. This approach has also been used to derive the market for segmentation and sub-segmentation.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data, we contact primary respondents in order to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for the digital healthcare market so as to understand the trends and the factors involved in changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

Report Features

Descriptions

Market Revenue In 2020

USD 98.2 billion

Growth Rate

CAGR of 28.4% during the forecasting period, 2020-2028

Historical Data

2017-2018

Forecast Years

2020-2028

Base Year

2019

Units Considered

Revenue in USD billion and CAGR from 2020 to 2028

Report Segmentation

Technology, Component, End-user and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East & Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries across the Globe)

Companies Profiled

Apple Inc., AT&T, AirStrip Technologies, Allscripts, Google Inc., Orange, Qualcomm Technologies, Inc., Softserve, and MQure among others

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