Global digital healthcare market expected to reach USD 1920.9 billion by 2033, with telehealthcare segment leading growth.
From GlobeNewswire: 2024-07-04 09:00:00
The Global Digital Healthcare Market is set to skyrocket from USD 260.9 billion in 2023 to USD 1920.9 billion by 2033, with a CAGR of 22.10% during 2023-2033. Digital healthcare includes mobile health apps, wearable devices, telemedicine services, EHRs, and health information systems, empowering consumers to make informed health decisions and offering new possibilities in healthcare. The market encompasses medical services and technologies that support digital healthcare operations.
The telehealthcare segment is expected to experience the fastest CAGR growth in the digital healthcare market. The market is classified into healthcare analytics, mHealth, telehealthcare, and others, with telehealthcare set to lead in growth due to increased internet connectivity, smartphone penetration, technology readiness, and rising adoption by patients and physicians. The service segment is projected to dominate the market through the forecast period, focusing on managing digital systems for improved patient outcomes.
North America is forecasted to hold the largest share of the digital healthcare market, driven by adequate reimbursement standards, high per capita spending on technology, leading healthcare IT firms, and increased demand for healthcare technologies. Asia Pacific is expected to see the highest CAGR growth, driven by technological advancements, regulatory changes, and government initiatives promoting digital healthcare solutions. Key players in the market include Philips, Abbott, Siemens Healthineers, and Medtronic.
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Read more at GlobeNewswire: Global Digital Healthcare Market Size To Worth USD 1920.9