Top Growth Trends in the Digital Health Market: Insights into Market Size and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Digital Health Market?
The escalating occurrence of enduring illnesses such as cancer, diabetes, and hypertension are envisaged to be a significant catalyst for the expansion of the digital health market. Prolonged working hours, scarce physical movement, and harmful eating and drinking patterns contribute to the high occurrence of chronic illnesses. Those suffering from these conditions are at a heightened risk for further chronic diseases, thus escalating the demand for digital health service platforms. For illustration, the American Cancer Society, a non-profit cancer advocacy group based in the US, highlighted in January 2024, that cancer incidences amplified to 2,001,140 from 1,958,310 in 2023, indicating a growth rate of 2.19%. Hence, the amplified presence of chronic conditions is foreseen to expedite the expansion of the market.
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#What Growth Opportunities Will Drive the Digital Health Market’s CAGR Through 2034?
The expansion of the digital health market has been swift in the last few years. A forecast predicts an escalation from $271.53 billion in 2024 to $319.16 billion in 2025, signifying a compound annual growth rate (CAGR) of 17.5%. This notable increase during the historical period can be credited to several factors such as increased disposable income, various governmental initiatives in health care, enhanced internet access, the uptake of state-of-the-art technology amid the COVID-19 pandemic, and a significant surge in the aging population.
The size of the digital health market is anticipated to experience a swift expansion in the coming years, escalating to a value of $595.47 billion in 2029 with an annual growth rate (CAGR) of 16.9%. A range of key factors such as a rise in chronic illnesses, an aging demographic, shifts in the demographics of emerging markets, ongoing technological advancements, and an escalating demand for healthcare accessibility are expected to fuel this market growth. Key trends that will shape the market during this forecast period include augmented reality telecollaboration systems, biofeedback APIs, blockchain technology applications, 3D AR surgical navigation, the incorporation of artificial intelligence, and a rise in collaborations and partnerships.
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What Are the Key Market Innovations in the Digital Health Market Over the Coming Years?
One emerging trend in the digital health market is the increasing popularity of augmented reality (AR) telecollaboration systems. AR, which uses digital interventions to enhance the perception of real-world environments, is making considerable inroads in healthcare. It is being employed for both experienced practitioners and medical students to provide a safe, cost-effective, and thorough method of medical training. For example, in May 2024, US medical tech company AppliedVR introduced RelieVRx, the first FDA-approved VR prescription therapy designed to help worker’s compensation patients manage chronic lower back pain (CLBP). It provides an all-encompassing VR experience to teach patients how to alleviate and control CLBP. This affordable, non-drug supplemental therapy has scientifically demonstrated to reduce both the severity of pain and its impact on day-to-day activities, incorporating proven cognitive behavioral therapy, biofeedback, and emotional regulation principles.
Who Are the Top Companies Driving Innovation and Growth in theDigital Health Market?
Major companies operating in the digital health market include Cerner Corporation, GE Healthcare, Epic Systems Corporation, McKesson Corporation, Allscripts Healthcare Solutions Inc. Truven Health Analytics, Siemens Healthcare AG, eCLINICALWORKS, Cisco Systems Inc., Koninklijke Philips N.V., Innovaccer, Pharm Easy, 1mg, Practo, Mfine, Medi Buddy, Indegene, Ping A Good Doctor, JD Health, Honeywell Lifesciences, Philip Healthcare, Better Doc, Biovotion, BrainControl, Coimbra Genomics, Dacadoo, Doctoralia, Emperra, Exovite, Genexyx, Giraff, Healthbank, NeurNation, Nutrino, Psious, Px Healthcare, SilverCloud, Systems Healthcare Solutions, TrialReach, XtremeVRI, DOC+, Best Doctor, TeleMD, mediSensum, Apteki +, FindMeCure, ECG for Everybody, Eye read, InterAxon, Figure 1, Myndtec, Seamless MD, ApoloHealthMx, ECGlove, Heal on Site, Teladoc, MeMD, Amwell, MDlive, Aerotel Medical Systems Ltd, Care Innovations LLC, Honeywell Life Care Solutions, Polycom Inc, Didoc, Betterfly, Deenty, Examedi, Dentalink, Cero, Wecancer, MedPass, Pixeon, Hi Technologies, Conexa Saude, AXON Digital Health, Wuru, Yerbo, Welii, BioScience, Caecus, Omnia Salud, Altibbi, Dhoner Healthtech, Okadoc, DoctorsAE, Takalam, AlemHealth, DU, UAE’s Mulk, Cura, Primary Health Care Corporation, AMD Global Telemedicine Inc, Safermom, Mobicure, Ubenwa, Medsaf, GenRx, Medical device as a service, Kangpe, Hudibia, Lifebank, Redbank
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Which Key Market Segments Comprise the Digital Health Market and Drive Its Revenue Growth?
The digital health market covered in this report is segmented –
1) By Technology: Mobile Health (Mhealth), Health Information Technology, Telehealth And Telemedicine, Health Analytics, Other Technologies
2) By Application: Cardiology, Diabetes, Neurology, Sleep Apnea, Oncology, Other Applications
3) By End-User: Healthcare Providers, Healthcare Payers, Pharmaceutical Companies, Other End Users
Subsegments:
1) By Mobile Health (mHealth): Health Apps, Wearable Devices, Remote Patient Monitoring
2) By Health Information Technology: Electronic Health Records (EHR), Health Information Exchange (HIE), Practice Management Systems
3) By Telehealth And Telemedicine: Virtual Consultations, Remote Diagnosis, Teletherapy
4) By Health Analytics: Predictive Analytics, Data Management Solutions, Population Health Management
5) By Other Technologies: Blockchain In Health, Artificial Intelligence In Health, Internet Of Medical Things (IoMT)
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Which Regions Are Emerging as Leaders in the Digital Health Market?
North America was the largest region in the digital health market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital health market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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