Market Overview:
The global digital healthcare market is expected to grow at a CAGR of 16.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for telehealthcare, health analytics, and other services in the healthcare industry. The B2B category is expected to dominate the market during the forecast period owing to the increasing demand for digital healthcare solutions from hospitals and other large-scale institutions. However, there is a growing trend of adoption of digital healthcare solutions by consumers as well, which is expected to drive growth in the B2C category during the forecast period.
Product Definition:
Digital Healthcare is the use of digital technology in the delivery of healthcare services. The use of digital technology can help to improve the quality and efficiency of healthcare services.
Telehealthcare:
Telehealthcare is the provision of healthcare services using telecommunication technologies and electronic media. It includes virtual visits as well as video conferencing. The factors that propel the growth of this market include rising demand for quality care, cost-effective service, increasing geriatric population base and rapid technological advancements in telecommunications & IT sector.
Health Analytics:
Health analytics is the collection, analysis, and interpretation of health-related data. It helps in improving healthcare outcomes by enhancing decision making and providing better care to patients. Health analytics software is used for collecting patient information such as demographics & medical history; treatment regimen; diagnostic results; pharmacy dispensing records & allergies etc., which are then analyzed to generate insights that can be used by doctors or other healthcare professionals for better diagnosis or treatment planning.
Application Insights:
The B2B category accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The increasing need for effective information flow between hospitals and healthcare providers, as well as patients¢â‚¬â„¢ representatives, has led to an increased demand for solutions that enable real-time communication. Furthermore, rising adoption of these services owing to various benefits offered by them such as improved patient safety along with cost-effectiveness is expected to drive growth over the forecast period.
The B2C segment also accounted for a significant revenue share in 2016 due to high demand from individuals desiring easy access to medical data & health insights across all devices they use (smartphone, tablet). Digital healthcare applications are increasingly being adopted by individuals who have a chronic condition or are at risk of developing one because of their age group ( millennials ).
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to various factors such as increasing adoption of innovative technologies, rising geriatric population, and high demand for improved healthcare services. Moreover, growing awareness regarding telehealthcare services is also expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to increasing investments by governments in developing countries like India and China along with other South East Asian countries for improving public health infrastructure and providing better healthcare facilities at a domestic level. In addition, rising number of collaborations between private companies and government bodies will further boost industry expansion over next eight years.
Growth Factors:
- Increasing demand for preventive healthcare services: The global population is aging and this is resulting in an increase in the number of people who need preventive healthcare services. Digital healthcare solutions can help providers deliver these services more effectively and efficiently.
- Rising demand for personalized medicine: As patients become more knowledgeable about their own health, they are increasingly demanding personalized medicine treatments that are tailored to their specific needs. Digital healthcare solutions can help providers deliver these treatments more effectively and efficiently.
- Growing use of mobile devices: More and more people are using mobile devices to access information about their health and to communicate with healthcare providers. This provides opportunities for digital healthcare companies to develop innovative mobile apps and other solutions that improve the quality of care delivered by providers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Healthcare Market Research Report
By Type
Telehealthcare, Health Analytics, Others
By Application
B2B Category, B2C Category
By Companies
Allscripts, AT & T, LifeWatch, McKesson, Qualcomm, Koninklijke Philips N.V., Cisco Systems, Cerner, Biotelemetry, IBM, Johnson&Johnson Services inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Digital Healthcare Market Report Segments:
The global Digital Healthcare market is segmented on the basis of:
Types
Telehealthcare, Health Analytics, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
B2B Category, B2C Category
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Allscripts
- AT & T
- LifeWatch
- McKesson
- Qualcomm
- Koninklijke Philips N.V.
- Cisco Systems
- Cerner
- Biotelemetry
- IBM
- Johnson&Johnson Services inc
Highlights of The Digital Healthcare Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Telehealthcare
- Health Analytics
- Others
- By Application:
- B2B Category
- B2C Category
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital Healthcare Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Digital healthcare is a term used to describe the use of digital technologies in healthcare. It can refer to the use of electronic health records (EHRs), mobile health technology, and other forms of digital communication and collaboration between patients, doctors, nurses, and other caregivers.
Some of the major players in the digital healthcare market are Allscripts, AT & T, LifeWatch, McKesson, Qualcomm, Koninklijke Philips N.V., Cisco Systems, Cerner, Biotelemetry, IBM, Johnson&Johnson Services inc.
The digital healthcare market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Healthcare Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Digital Healthcare Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Digital Healthcare Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Digital Healthcare Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Digital Healthcare Market Size & Forecast, 2018-2028 4.5.1 Digital Healthcare Market Size and Y-o-Y Growth 4.5.2 Digital Healthcare Market Absolute $ Opportunity
Chapter 5 Global Digital Healthcare Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Digital Healthcare Market Size Forecast by Type
5.2.1 Telehealthcare
5.2.2 Health Analytics
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Digital Healthcare Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Digital Healthcare Market Size Forecast by Applications
6.2.1 B2B Category
6.2.2 B2C Category
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Healthcare Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital Healthcare Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Digital Healthcare Analysis and Forecast
9.1 Introduction
9.2 North America Digital Healthcare Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Digital Healthcare Market Size Forecast by Type
9.6.1 Telehealthcare
9.6.2 Health Analytics
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Digital Healthcare Market Size Forecast by Applications
9.10.1 B2B Category
9.10.2 B2C Category
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Digital Healthcare Analysis and Forecast
10.1 Introduction
10.2 Europe Digital Healthcare Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Digital Healthcare Market Size Forecast by Type
10.6.1 Telehealthcare
10.6.2 Health Analytics
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Digital Healthcare Market Size Forecast by Applications
10.10.1 B2B Category
10.10.2 B2C Category
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Digital Healthcare Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Digital Healthcare Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Digital Healthcare Market Size Forecast by Type
11.6.1 Telehealthcare
11.6.2 Health Analytics
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Digital Healthcare Market Size Forecast by Applications
11.10.1 B2B Category
11.10.2 B2C Category
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Digital Healthcare Analysis and Forecast
12.1 Introduction
12.2 Latin America Digital Healthcare Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Digital Healthcare Market Size Forecast by Type
12.6.1 Telehealthcare
12.6.2 Health Analytics
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Digital Healthcare Market Size Forecast by Applications
12.10.1 B2B Category
12.10.2 B2C Category
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Digital Healthcare Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Digital Healthcare Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Digital Healthcare Market Size Forecast by Type
13.6.1 Telehealthcare
13.6.2 Health Analytics
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Digital Healthcare Market Size Forecast by Applications
13.10.1 B2B Category
13.10.2 B2C Category
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital Healthcare Market: Competitive Dashboard
14.2 Global Digital Healthcare Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Allscripts
14.3.2 AT & T
14.3.3 LifeWatch
14.3.4 McKesson
14.3.5 Qualcomm
14.3.6 Koninklijke Philips N.V.
14.3.7 Cisco Systems
14.3.8 Cerner
14.3.9 Biotelemetry
14.3.10 IBM
14.3.11 Johnson&Johnson Services inc