Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 143.9 Billion | USD 367.2 Billion | 16.9% | 2021 |
FrequentlyAsked Questions
Rapid developments in healthcare IT infrastructure, as well as professional use of cloud-based storage solutions, are major factors driving market expansion. Doctors and other healthcare providers are increasingly using technology such as cellphones and tablets to monitor and track the health of their patients.
According to the Market Research report, the global Digital Health Market was worth about 143.9 (USD billion) in 2021 and is predicted to grow to around 367.2 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 16.9 percent.
North America dominated, accounting for the largest share of market revenue in the forecast period. Growing healthcare IT expenditure to advance infrastructure, technological literacy, readiness to adopt advanced technological solutions, favorable government initiatives, the emergence of startups, lucrative funding options, growing smartphone penetration, and advancements in internet connectivity are all contributing to the growth.
Some of the main competitors dominating the Digital Health Market include - Allscripts Healthcare Solution, Inc., Cerner Corporation, Cisco system, eCINCICALWORKS, General Electric company, Koninklijke Philips N.V., Honeywell International Inc., Mckesson Corporation, Siemens Healthcare AG, and Qualcomm technology, Inc.
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