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.
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.
Published by Laxmi Narayan
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| Stats ID: | 7621 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7621 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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