PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1789502
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1789502
Digital Health Market is estimated to be valued at USD 350.42 Bn in 2025 and is expected to reach USD 1,143.01 Bn by 2032, growing at a compound annual growth rate (CAGR) of 18.4% from 2025 to 2032.
Report Coverage | Report Details | ||
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Base Year: | 2024 | Market Size in 2025: | USD 350.42 Bn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 18.40% | 2032 Value Projection: | USD 1,143.01 Bn |
The term digital health refers to the vast, multidisciplinary field that encompasses ideas from the nexus of technology and healthcare. By combining software, hardware, and services, digital health brings digital transformation to the healthcare industry. Under its umbrella, digital health includes mobile health (mHealth) apps, electronic health records (EHRs), electronic medical records (EMRs), wearable devices, telehealth and telemedicine, as well as personalized medicine.
Increasing use of digital health platforms globally by healthcare practitioners and increasing technological advancements globally are expected to propel the market growth over the forecast period. For instance, on March 27, 2023, Royal Philips, a global leader in health technology, announced the debut of Philips Virtual Care Management, a comprehensive portfolio of flexible solutions and services to help health systems, providers, payers, and employer groups more meaningfully motivate and deeply connect with patients from virtually anywhere.