The North America digital health market size is expected to reach USD 331.9 billion by 2030, registering a CAGR of 17.5% over the forecast period, according to a new report by Grand View Research, Inc. The transition from volume-based healthcare to value-based care and the necessity of digital technology to improve treatment quality are among the major factors anticipated to drive the market growth over the forecast years. In addition, the increasing prevalence of chronic disorders, growing geriatric population, and shortage of healthcare professionals in North America are anticipated to boost the market growth over the forecast period. Moreover, increasing internet penetration and the growing digitalization of healthcare are expected to support the market growth. The telehealthcare segment accounted for the highest revenue share in 2022.
This is due to the high adoption of long-distance patient care services by medical professionals and improving healthcare IT infrastructure in the U.S. In addition, the increasing adoption of digital communication technologies, such as mobile and computer devices, for remote health care services is supporting the segment growth. Moreover, the growing number of COVID-19 cases increases the preference for remote patient monitoring, virtual consultation, and online patient engagement, which, in turn, is anticipated to drive the segment growth over the coming years. The services component segment dominated the market in 2022 owing to the growing preference for the improvement of digital healthcare platforms for better remote patient monitoring services. In addition, pre- and post-installation of digital platforms, maintenance, staffing, training, resource allocation services for better patient engagement from remote locations are also supporting the segment growth.
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The telehealthcare segment dominated the market in 2021 due to the growing adoption of long-distance patient care services by the medical professionals and improved healthcare IT infrastructure in the U.S.
The services segment dominated the market in 2022 owing to the growing preference for the improvement of digital healthcare platforms for better remote patient monitoring services
However, the software segment will record the fastest CAGR over the forecast period due to rising demand for functionally improved software for better remote healthcare services and a rapid increase in the development of software with diverse healthcare applications by the manufacturers
The mandatory social distancing practices due to the COVID-19 pandemic and the lack of face-to-face consultation between healthcare providers and patients have made digital health the safest interactive platform for disease management in 2020
In addition, the rapid development of technology, such as mHealth, telemedicine, telecare, and digital systems, boosted the market growth during this period
Furthermore, a high preference for telehealth platforms for virtual health consultation and remote patient monitoring services also fueled the market growth during the COVID-19 pandemic
For instance, according to the U.S. Department of Health and Human Services (HHS) report, in December 2021, the Medicare visits through telehealth increased by 52.7 million in 2020 from approximately 840,000 in 2019
Grand View Research, Inc. has segmented the North America digital health market on the basis of technology, component, and region:
North America Digital Health Technology Outlook (Revenue, USD Million, 2016 - 2030)
Tele-healthcare
Tele-care
Activity Monitoring
Remote Medication Management
Telehealth
LTC Monitoring
Video Consultation
mHealth
Wearables
BP Monitors
Glucose Meters
Pulse Oximeters
Sleep Apnea Monitors
Neurological Monitors
Activity Trackers/ Actigraphs
mHealth Apps
Medical Apps
Fitness Apps
Services
mHealth Service, By Type
Monitoring Services
Independent Aging Solutions
Chronic Disease Management & Post-Acute Care Services
Diagnosis Services
Healthcare Systems Strengthening Services
Others
mHealth Services, By Participants
Mobile Operators
Device Vendors
Content Players
Healthcare Providers
Healthcare Analytics
Digital Health Systems
EHR
e-Prescribing Systems
North America Digital Health Component Outlook (Revenue, USD Million, 2016 - 2030)
Software
Hardware
Services
North America Digital Health Regional Outlook (Revenue, USD Million, 2016 - 2030)
North America
U.S
Canada
List of Key Players of North America Digital Health Market
Cerner Corp.
Allscripts
Apple, Inc
Telefonica S.A.
McKesson Corp.
Epic Systems Corp.
QSI Management, LLC
AT&T
Vodafone Group
Airstrip Technologies
Google, Inc.
Samsung Electronics Co. Ltd.
HiMS
Orange
Softserve
Qualcomm Technologies, Inc.
MQure
Computer Programs and Systems, Inc.
Vocera Communications
IBM Corp.
Cisco Systems Inc.
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