Digital Health Market Forecast: Predicting Growth in Telemedicine and Wearables

The global digital health market size is anticipated to reach USD 946.0 billion by 2030 and it is projected to grow at a CAGR of 21.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market growth driven by various factors. These include the proliferation of smartphones, advancements in internet connectivity, the development of IT infrastructure, increasing healthcare IT expenditures, overburdened healthcare facilities, a growing shortage of healthcare providers, rising demand for remote patient monitoring services, escalating medical costs, improved accessibility of virtual care services, and the increasing prevalence of chronic diseases. This growth is further propelled by the ongoing trend of digitalization in healthcare. This trend finds support in expanding public-private partnerships, emerging startups in the healthcare sector, and favorable initiatives undertaken by governments to promote digital health solutions.

Gather more insights about the market drivers, restrains and growth of the Global Digital Health Market

Digital health encompasses diverse technologies such as telehealth services, health information technology, and mobile health (mHealth) to enhance communication within healthcare systems, fostering improved interactions between doctors and patients. The relevance of digital health technology has grown significantly, especially during the COVID-19 pandemic. These contemporary solutions enhance the patient-doctor relationship and extend preventive disease strategies. Furthermore, they contribute to a shift in healthcare towards value-based treatment, amplifying the accessibility of health information for both patients and healthcare providers.

Furthermore, integrating wearable devices into healthcare reshapes how individuals manage their health. Wearables like fitness trackers and smartwatches enable continuous monitoring of vital signs, physical activity, and other health metrics. This real-time data empowers individuals to take a proactive role in their well-being and allows healthcare providers to offer personalized preventive care. Companies such as Apple and Fitbit exemplify the success of wearables in the digital health market, emphasizing the fusion of technology and health monitoring.

Digital Health Market Report Highlights

• Based on component, the services segment accounted for largest revenue share in 2023, owing to the growing demand for services, such as installation, staffing, training, maintenance, and other services

• Based on technology, the tele-healthcare segment led the market with the largest revenue share of 43.2% in 2023, due to increasing preference for remote patient monitoring services and shortage of healthcare professionals

• Based on the application, the diabetes segment led the market with the largest share of 24.3% in 2023 and is expected to register the fastest CAGR over the forecast period. The obesity segment is the second largest in applications of the digital health market

• Based on the end-use, the patient segment held the largest market share of 34.1% in 2023 and is expected to witness the fastest CAGR during the forecast period

• North America dominated the market with a revenue share of 38.2% in 2023 due to the rapidly developing healthcare IT infrastructure, emergence of startups, growing funding options, and improving technological literacy

Browse through Grand View Research's Healthcare IT Industry Research Reports.

• The global burial insurance market size was valued at USD 279.78 billion in 2023 and is projected to grow at a CAGR of 5.6% from 2024 to 2030.

• The global healthcare business collaboration tools market size was estimated at USD 32.53 billion in 2024 and is projected to grow at a CAGR of 23.4% from 2025 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global digital health market based on technology, component, application, end-use, and region:

Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Tele-healthcare

  • Tele-care

    • Activity Monitoring

    • Remote Medication Management

  • Tele-health

    • LTC Monitoring

    • Video Consultation

• mHealth

  • Wearables & Connected Medical Devices

    • Vital Sign Monitoring Devices

      • Heart Rate Monitors

      • Activity Monitors

      • Electrocardiographs

      • Pulse Oximeters

      • Spirometers

      • Blood Pressure Monitors

      • Others

    • Sleep Monitoring Devices

      • Sleep trackers

      • Wrist Actigraphs

      • Polysomnographs

      • Others

    • Electrocardiographs Fetal & Obstetric Devices

    • Neuromonitoring Devices

      • Electroencephalographs

      • Electromyographs

      • Others

  • mHealth Apps

    • Medical Apps

      • Women's Health

        • Fitness & Nutrition

        • Menstrual Health

        • Pregnancy Tracking & Postpartum Care

        • Menopause

        • Disease Management

        • Others

      • Chronic Disease Management Apps

        • Diabetes Management Apps

        • Blood Pressure & ECG Monitoring Apps

        • Mental Health Management Apps

        • Cancer Management Apps

        • Obesity Management Apps

        • Other Chronic Disease Management Apps

      • Personal Health Record Apps

      • Medication Management Apps

      • Diagnostic Apps

      • Remote Monitoring Apps

      • Others (Pill Reminder, Medical Reference, Professional Networking, Healthcare Education)

    • Fitness Apps

  • Services

    • Monitoring Services

      • Independent Aging Solutions

      • Chronic Disease Management & Post-Acute Care Services

    • Diagnosis Services

    • Healthcare Systems Strengthening Services

    • Others

• Digital Health Systems

  • EHR

  • E-prescribing Systems

• Healthcare Analytics

Component Outlook (Revenue, USD Million, 2018 - 2030)

• Software

• Hardware

• Services

Application Outlook (Revenue, USD Million, 2018 - 2030)

• Obesity

• Diabetes

• Cardiovascular

• Respiratory Diseases

• Others

End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Patients

• Providers

• Payers

• Others

Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Sweden

  • Denmark

  • Norway

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

  • Singapore

• Latin America

  • Brazil

  • Mexico

  • Argentina

• MEA

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

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