Digital health market to grow by USD 563.59B from 2022-27

The digital health market size is expected to increase by USD 563.59 billion from 2022 to 2027, registering a CAGR of 25.8%, according to the latest research report from Technavio. Discover Health Care Technology industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports.

Company landscape
The global digital health market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer digital health in the market are 3M Co., Agfa Gevaert NV, AirStrip Technologies Inc., Allscripts Healthcare Solutions Inc., Alphabet Inc., Apple Inc., Cisco Systems Inc., Computer Programs and Systems Inc., Epic Systems Corp., Honeywell International Inc., International Business Machines Corp., Koninklijke Philips NV, McKesson Corp., Oracle Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., Siemens AG, Telefonica SA, UnitedHealth Group Inc., General Electric Co. and others.

Company offerings 

• Cisco Systems Inc.: The company offers digital health solutions such as Cisco DNA Spaces, Webex and Virtual Telehealth.
• Agfa Gevaert NV: The company provides digital health solutions such as Musica, digital radiology solutions.
• Allscripts Healthcare Solutions Inc.: The company provides digital health solutions such as FollowMyHealth application.

Regional market outlook
North America is projected to contribute 43% to the global market growth. This region is the largest revenue contributor to the market. Furthermore, the US is the major country that drives the market in the region. Moreover, better infrastructure and the awareness of technological advances in the healthcare industry are driving the growth of the market in the region. Also, healthcare providers widely adopted digital health technologies such as EHR and telehealth to deal with the workload and follow social distancing measures. Hence, such factors boost the growth of the regional market during the forecast period.

Companies mentioned

• 3M Co.
• Agfa Gevaert NV
• AirStrip Technologies Inc.
• Allscripts Healthcare Solutions Inc.
• Alphabet Inc.
• Apple Inc.
• Cisco Systems Inc.
• Computer Programs and Systems Inc.
• Epic Systems Corp.
• Honeywell International Inc.
• International Business Machines Corp.
• Koninklijke Philips NV
• McKesson Corp.
• Oracle Corp.
• Qualcomm Inc.
• Samsung Electronics Co. Ltd.
• Siemens AG
• Telefonica SA
• UnitedHealth Group Inc.
• General Electric Co.

Technavio