Digital Health - Worldwide

The global digital health market size was exhibited at USD 298.90 billion in 2024 and is projected to hit around USD 2,183.35 billion by 2034, growing at a CAGR of 22% during the forecast period 2024 to 2034.

Digital Health Market Report Highlights

• North America dominated the market with the largest revenue share of 40.2% in 2024.
• The U.S. leads in the digitalization of healthcare in North America with a revenue share of 89.12% in 2024.
• Asia Pacific is estimated to witness the fastest CAGR from 2024 to 2034
• Based on component, the services segment led the market with the largest revenue share in 2024.
• Based on technology, the tele healthcare segment led the market with a largest revenue share of 45.2% in 2024
• and is also expected to register the fastest CAGR over the forecast period. 
• Based on applications, the diabetes segment led the market with the largest revenue share of 26.3% in 2024 and is expected to register the fastest CAGR of 23.8% from 2024 to 2034.
• Based on end-use, the patient segment held the market with the largest revenue share of 35.1% in 2024 and is expected to witness the fastest CAGR from 2024 to 2034. 

The digital health market refers to the industry that includes information and communication, devices, software, hardware, various platforms, and sensors that are used in healthcare for diagnosis and treatment or management of diseases.  The main aim of digital health is to improve public health, ultimately enhancing wellness and improving the quality of life. Things that come under the ambit of digital health include health apps, patient monitoring devices, electronic health records, telemedicine, and health analytics. Growth in the digital health market is driven by a rise in the use of smartphones, government initiatives, a rise in the aged population, a rise in demand for patient monitoring systems, and rising healthcare costs.

The digital health market will grow in the future due to technological advancements in healthcare, the increasing prevalence of chronic diseases, the integration of artificial intelligence and machine learning, the improved use of smartphones and internet access across the globe, the increasing focus on preventive healthcare, etc. The key restraints that market growth will face in the future are cybercrimes, data privacy and security, dependence on technology, high initial investment, and affordability for patients.