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PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1339992
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1339992
Digital Brain Health Market Forecasts to 2030 - Global Analysis By Component, Functionality, End User and By Geography
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According to Stratistics MRC, the Global Digital Brain Health Market is accounted for $220.65 billion in 2023 and is expected to reach $411.19 billion by 2030 growing at a CAGR of 9.3% during the forecast period. Digital wellness is the use of technology to protect one's physical, mental, and cognitive health. Cognitive, social-emotional, sensory, behavioral, and motor functions of the brain are all indicators of brain health. To enhance cognitive function and promote brain health, the digital brain health market employs technology and digital tools. For people looking to maintain or enhance their cognitive performance, digital tools have the potential to provide practical, affordable, and personalized solutions.
According to the World Bank, around 1 billion people suffer from mental health conditions such as mild cognitive impairments, dyslexia, attention deficits, and Alzheimer's disease.
Market Dynamics:
Driver:
- Rising prevalence of brain diseases.
- Anxiety and depressive disorders affected more people in 2020 as a result of the COVID-19 pandemic, according to a digital brain health market analysis. Significant disruptions in thought, emotion, or behavior characterize mental disorders. Schizophrenia and post-traumatic stress disorder (PTSD) are examples of various disorders. Around 50 million people worldwide suffer from epilepsy, according to the WHO. As a result, it ranks among the most widespread neurological conditions worldwide. Nearly 80% of epilepsy sufferers reside in low- and middle-income nations.
Restraint:
- Not accessible to all resources.
- Not all applications are free due to the relatively new popularity of digital brain health. For some people, the free ones with in-app purchases might not be the best option. This creates a barrier between these services and the customers, who stand to benefit from exercises that improve brain function. In addition, customers must always have access to high-speed internet for their digital brain health. As a result, regions with poor internet connectivity are unable to utilize these applications.
Opportunity:
- Increasing usage of technologically driven gadgets.
- Globally, the use of technological devices is expanding at an unprecedented rate. Children are now using technological devices more frequently than adults. Particularly among teenagers, the use of cutting-edge technology has rapidly increased. Health problems and technology addiction might result from this. The population of the world, which is increasingly dependent on technology, is living a sedentary and unhealthy lifestyle, increasing their risk of contracting serious illnesses and mental disorders. The global market for digital brain health is thus being driven by the rise in the use of cutting-edge technology.
Threat:
- Regulatory and data security issues.
- Products and services with an impact on mental health and cognitive function are frequently offered in the digital brain health market. To ensure the safety, effectiveness, and moral application of these technologies, regulatory agencies may need to create specific guidelines and regulations. The gathering and analysis of sensitive personal data is necessary for many digital brain health solutions. This prompt is concerned about data privacy, security lapses, and potential uses and abuses of the collected data.
COVID-19 Impact:
- The COVID-19 pandemic lockdown measures that were put in place by various governments have raised awareness of the value of mental health and cognitive function, which has increased demand for digital brain health products and services. Additionally, the pandemic has compelled numerous healthcare organizations to implement remote care models, which include using digital tools to deliver cognitive assessments and brain training courses. As a result, telehealth and remote care models have received more attention. These models include digital tools for brain health, cognitive assessments, and brain training programs during this pandemic period.
- The software segment is expected to be the largest during the forecast period
- Due to the greater flexibility, scalability, and affordability compared to hardware solutions, software solutions are predicted to hold the largest market share. Software solutions make it simpler to update and modify them to fit changing patient and healthcare provider needs. A wide range of digital tools and applications, including mobile apps, telehealth solutions, and electronic health records, are included in the software segment of the market for digital brain health. The use of these software solutions by healthcare providers to support patient care and enhance outcomes is also boosting the segment's growth.
- The hospitals segment is expected to have the highest CAGR during the forecast period
- Hospitals, which offer a wide range of healthcare services and have a high patient population with brain health disorders, are responsible for the majority of market growth in the anticipated time frame. By enabling earlier diagnosis, more effective treatment, and better management of patient care, digital solutions can also assist hospitals in improving patient outcomes, lowering costs, and increasing operational efficiency, which is propelling the growth of this segment.
Region with largest share:
North America held a sizable portion of the global market for digital brain health in 2021, and it is anticipated that it will continue to rule throughout the forecast period. This is a result of the widespread use of mental health apps. In the United States, approximately 52.9 million adults suffer from mental illness, according to the National Institute of Mental Health. Additionally, the market is also flourishing in this part of North America due to factors like an aging population, increased awareness of cognitive health, and technological advancements.
Region with highest CAGR:
The Asia Pacific region is expected to have the highest CAGR during the forecast period. The burden of disorders affecting brain health in Asia-Pacific is a major driver of this growth. Healthcare providers can increase patient access to care, improve patient outcomes, and lower costs by embracing digital technologies and solutions more and more. Additionally, the region's market for digital brain health is being driven by an increase in investments, interest among NGOs in mental health, and campaigns to raise awareness of the issue.
Key players in the market:
Some of the key players profiled in the Digital Brain Health Market include: Advanced Oncotherapy PLC, Cerner Corporation, Core Solutions, Inc., Danfysik A/S, Hitachi, Ltd, Holmusk, IBA Worldwide, Qualifacts Systems, Inc., International Business Machines Corporation (IBM), Linus Health, Medibio, Mevion Medical Systems, Inc, Netsmart Technologies, NXGN Management, Spring Care and The Echo Group.
Key Developments:
- In June 2023, IBA (Ion Beam Applications S.A., EURONEXT), the world leader in particle accelerator technology and the world's leading provider of proton therapy solutions for the treatment of cancer, and PARTICLE (Particle Therapy Interuniversity Center Leuven), located on the health sciences campus of the University Hospitals Leuven (UZ Leuven), today announced they have initiated a Research Partnership for the development of ConformalFLASH®
- In June 2023, Holmusk, a leading global behavioral health real-world evidence company, announced today that it is joining forces with one of its strategic partners, Streamline Healthcare Solutions, to enhance care delivery using advanced analytics. The partnership marks the introduction of Holmusk's Management and Supervision Tool (MaST), which is widely used by the National Health Service in the United Kingdom, to a U.S. market.
- In February 2023, The province of Nova Scotia, in collaboration with Nova Scotia Health Authority (NSHA) and IWK Health (IWK), announced today a new 10-year agreement has been signed with Oracle Cerner to implement an integrated electronic care record across the province for the more than one million Nova Scotians. This technology can help improve the way health professionals use and share patient information.
- In January 2023, Mersey Care NHS Foundation Trust are delighted to announce a collaboration with long term partners Holmusk[i] and the University of Liverpool to establish a mental health analytics and research hub to translate mental health research into results that directly benefit people.
Components Covered:
- Software
- Devices
Functionalities Covered:
- Clinical Functionality
- Administrative Functionality
- Care Plans/Health Management
- Clinical Decision Support (CDS)
- Electronic Health Records (EHR)
- E-Prescribing
- Financial Functionality
- Telehealth
- Other Functionalities
End Users Covered:
- Hospitals
- Specialty Clinics
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Product Code: SMRC23699
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Digital Brain Health Market, By Component
- 5.1 Introduction
- 5.2 Software
- 5.3 Devices
6 Global Digital Brain Health Market, By Functionality
- 6.1 Introduction
- 6.2 Clinical Functionality
- 6.3 Administrative Functionality
- 6.4 Care Plans/Health Management
- 6.5 Clinical Decision Support (CDS)
- 6.6 Electronic Health Records (EHR)
- 6.7 E-Prescribing
- 6.8 Financial Functionality
- 6.9 Telehealth
- 6.10 Other Functionalities
7 Global Digital Brain Health Market, By End User
- 7.1 Introduction
- 7.2 Hospitals
- 7.3 Specialty Clinics
- 7.4 Other End Users
8 Global Digital Brain Health Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Advanced Oncotherapy PLC
- 10.2 Cerner Corporation
- 10.3 Core Solutions, Inc.
- 10.4 Danfysik A/S
- 10.5 Hitachi, Ltd
- 10.6 Holmusk
- 10.7 IBA Worldwide
- 10.8 Qualifacts Systems, Inc.
- 10.9 International Business Machines Corporation (IBM)
- 10.10 Linus Health
- 10.11 Medibio
- 10.12 Mevion Medical Systems, Inc
- 10.13 Netsmart Technologies
- 10.14 NXGN Management
- 10.15 Spring Care
- 10.16 The Echo Group
Product Code: SMRC23699
List of Tables
- Table 1 Global Digital Brain Health Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Digital Brain Health Market Outlook, By Component (2021-2030) ($MN)
- Table 3 Global Digital Brain Health Market Outlook, By Software (2021-2030) ($MN)
- Table 4 Global Digital Brain Health Market Outlook, By Devices (2021-2030) ($MN)
- Table 5 Global Digital Brain Health Market Outlook, By Functionality (2021-2030) ($MN)
- Table 6 Global Digital Brain Health Market Outlook, By Clinical Functionality (2021-2030) ($MN)
- Table 7 Global Digital Brain Health Market Outlook, By Administrative Functionality (2021-2030) ($MN)
- Table 8 Global Digital Brain Health Market Outlook, By Care Plans/Health Management (2021-2030) ($MN)
- Table 9 Global Digital Brain Health Market Outlook, By Clinical Decision Support (CDS) (2021-2030) ($MN)
- Table 10 Global Digital Brain Health Market Outlook, By Electronic Health Records (EHR) (2021-2030) ($MN)
- Table 11 Global Digital Brain Health Market Outlook, By E-Prescribing (2021-2030) ($MN)
- Table 12 Global Digital Brain Health Market Outlook, By Financial Functionality (2021-2030) ($MN)
- Table 13 Global Digital Brain Health Market Outlook, By Telehealth (2021-2030) ($MN)
- Table 14 Global Digital Brain Health Market Outlook, By Other Functionalities (2021-2030) ($MN)
- Table 15 Global Digital Brain Health Market Outlook, By End User (2021-2030) ($MN)
- Table 16 Global Digital Brain Health Market Outlook, By Hospitals (2021-2030) ($MN)
- Table 17 Global Digital Brain Health Market Outlook, By Specialty Clinics (2021-2030) ($MN)
- Table 18 Global Digital Brain Health Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 19 North America Digital Brain Health Market Outlook, By Country (2021-2030) ($MN)
- Table 20 North America Digital Brain Health Market Outlook, By Component (2021-2030) ($MN)
- Table 21 North America Digital Brain Health Market Outlook, By Software (2021-2030) ($MN)
- Table 22 North America Digital Brain Health Market Outlook, By Devices (2021-2030) ($MN)
- Table 23 North America Digital Brain Health Market Outlook, By Functionality (2021-2030) ($MN)
- Table 24 North America Digital Brain Health Market Outlook, By Clinical Functionality (2021-2030) ($MN)
- Table 25 North America Digital Brain Health Market Outlook, By Administrative Functionality (2021-2030) ($MN)
- Table 26 North America Digital Brain Health Market Outlook, By Care Plans/Health Management (2021-2030) ($MN)
- Table 27 North America Digital Brain Health Market Outlook, By Clinical Decision Support (CDS) (2021-2030) ($MN)
- Table 28 North America Digital Brain Health Market Outlook, By Electronic Health Records (EHR) (2021-2030) ($MN)
- Table 29 North America Digital Brain Health Market Outlook, By E-Prescribing (2021-2030) ($MN)
- Table 30 North America Digital Brain Health Market Outlook, By Financial Functionality (2021-2030) ($MN)
- Table 31 North America Digital Brain Health Market Outlook, By Telehealth (2021-2030) ($MN)
- Table 32 North America Digital Brain Health Market Outlook, By Other Functionalities (2021-2030) ($MN)
- Table 33 North America Digital Brain Health Market Outlook, By End User (2021-2030) ($MN)
- Table 34 North America Digital Brain Health Market Outlook, By Hospitals (2021-2030) ($MN)
- Table 35 North America Digital Brain Health Market Outlook, By Specialty Clinics (2021-2030) ($MN)
- Table 36 North America Digital Brain Health Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 37 Europe Digital Brain Health Market Outlook, By Country (2021-2030) ($MN)
- Table 38 Europe Digital Brain Health Market Outlook, By Component (2021-2030) ($MN)
- Table 39 Europe Digital Brain Health Market Outlook, By Software (2021-2030) ($MN)
- Table 40 Europe Digital Brain Health Market Outlook, By Devices (2021-2030) ($MN)
- Table 41 Europe Digital Brain Health Market Outlook, By Functionality (2021-2030) ($MN)
- Table 42 Europe Digital Brain Health Market Outlook, By Clinical Functionality (2021-2030) ($MN)
- Table 43 Europe Digital Brain Health Market Outlook, By Administrative Functionality (2021-2030) ($MN)
- Table 44 Europe Digital Brain Health Market Outlook, By Care Plans/Health Management (2021-2030) ($MN)
- Table 45 Europe Digital Brain Health Market Outlook, By Clinical Decision Support (CDS) (2021-2030) ($MN)
- Table 46 Europe Digital Brain Health Market Outlook, By Electronic Health Records (EHR) (2021-2030) ($MN)
- Table 47 Europe Digital Brain Health Market Outlook, By E-Prescribing (2021-2030) ($MN)
- Table 48 Europe Digital Brain Health Market Outlook, By Financial Functionality (2021-2030) ($MN)
- Table 49 Europe Digital Brain Health Market Outlook, By Telehealth (2021-2030) ($MN)
- Table 50 Europe Digital Brain Health Market Outlook, By Other Functionalities (2021-2030) ($MN)
- Table 51 Europe Digital Brain Health Market Outlook, By End User (2021-2030) ($MN)
- Table 52 Europe Digital Brain Health Market Outlook, By Hospitals (2021-2030) ($MN)
- Table 53 Europe Digital Brain Health Market Outlook, By Specialty Clinics (2021-2030) ($MN)
- Table 54 Europe Digital Brain Health Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 55 Asia Pacific Digital Brain Health Market Outlook, By Country (2021-2030) ($MN)
- Table 56 Asia Pacific Digital Brain Health Market Outlook, By Component (2021-2030) ($MN)
- Table 57 Asia Pacific Digital Brain Health Market Outlook, By Software (2021-2030) ($MN)
- Table 58 Asia Pacific Digital Brain Health Market Outlook, By Devices (2021-2030) ($MN)
- Table 59 Asia Pacific Digital Brain Health Market Outlook, By Functionality (2021-2030) ($MN)
- Table 60 Asia Pacific Digital Brain Health Market Outlook, By Clinical Functionality (2021-2030) ($MN)
- Table 61 Asia Pacific Digital Brain Health Market Outlook, By Administrative Functionality (2021-2030) ($MN)
- Table 62 Asia Pacific Digital Brain Health Market Outlook, By Care Plans/Health Management (2021-2030) ($MN)
- Table 63 Asia Pacific Digital Brain Health Market Outlook, By Clinical Decision Support (CDS) (2021-2030) ($MN)
- Table 64 Asia Pacific Digital Brain Health Market Outlook, By Electronic Health Records (EHR) (2021-2030) ($MN)
- Table 65 Asia Pacific Digital Brain Health Market Outlook, By E-Prescribing (2021-2030) ($MN)
- Table 66 Asia Pacific Digital Brain Health Market Outlook, By Financial Functionality (2021-2030) ($MN)
- Table 67 Asia Pacific Digital Brain Health Market Outlook, By Telehealth (2021-2030) ($MN)
- Table 68 Asia Pacific Digital Brain Health Market Outlook, By Other Functionalities (2021-2030) ($MN)
- Table 69 Asia Pacific Digital Brain Health Market Outlook, By End User (2021-2030) ($MN)
- Table 70 Asia Pacific Digital Brain Health Market Outlook, By Hospitals (2021-2030) ($MN)
- Table 71 Asia Pacific Digital Brain Health Market Outlook, By Specialty Clinics (2021-2030) ($MN)
- Table 72 Asia Pacific Digital Brain Health Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 73 South America Digital Brain Health Market Outlook, By Country (2021-2030) ($MN)
- Table 74 South America Digital Brain Health Market Outlook, By Component (2021-2030) ($MN)
- Table 75 South America Digital Brain Health Market Outlook, By Software (2021-2030) ($MN)
- Table 76 South America Digital Brain Health Market Outlook, By Devices (2021-2030) ($MN)
- Table 77 South America Digital Brain Health Market Outlook, By Functionality (2021-2030) ($MN)
- Table 78 South America Digital Brain Health Market Outlook, By Clinical Functionality (2021-2030) ($MN)
- Table 79 South America Digital Brain Health Market Outlook, By Administrative Functionality (2021-2030) ($MN)
- Table 80 South America Digital Brain Health Market Outlook, By Care Plans/Health Management (2021-2030) ($MN)
- Table 81 South America Digital Brain Health Market Outlook, By Clinical Decision Support (CDS) (2021-2030) ($MN)
- Table 82 South America Digital Brain Health Market Outlook, By Electronic Health Records (EHR) (2021-2030) ($MN)
- Table 83 South America Digital Brain Health Market Outlook, By E-Prescribing (2021-2030) ($MN)
- Table 84 South America Digital Brain Health Market Outlook, By Financial Functionality (2021-2030) ($MN)
- Table 85 South America Digital Brain Health Market Outlook, By Telehealth (2021-2030) ($MN)
- Table 86 South America Digital Brain Health Market Outlook, By Other Functionalities (2021-2030) ($MN)
- Table 87 South America Digital Brain Health Market Outlook, By End User (2021-2030) ($MN)
- Table 88 South America Digital Brain Health Market Outlook, By Hospitals (2021-2030) ($MN)
- Table 89 South America Digital Brain Health Market Outlook, By Specialty Clinics (2021-2030) ($MN)
- Table 90 South America Digital Brain Health Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 91 Middle East & Africa Digital Brain Health Market Outlook, By Country (2021-2030) ($MN)
- Table 92 Middle East & Africa Digital Brain Health Market Outlook, By Component (2021-2030) ($MN)
- Table 93 Middle East & Africa Digital Brain Health Market Outlook, By Software (2021-2030) ($MN)
- Table 94 Middle East & Africa Digital Brain Health Market Outlook, By Devices (2021-2030) ($MN)
- Table 95 Middle East & Africa Digital Brain Health Market Outlook, By Functionality (2021-2030) ($MN)
- Table 96 Middle East & Africa Digital Brain Health Market Outlook, By Clinical Functionality (2021-2030) ($MN)
- Table 97 Middle East & Africa Digital Brain Health Market Outlook, By Administrative Functionality (2021-2030) ($MN)
- Table 98 Middle East & Africa Digital Brain Health Market Outlook, By Care Plans/Health Management (2021-2030) ($MN)
- Table 99 Middle East & Africa Digital Brain Health Market Outlook, By Clinical Decision Support (CDS) (2021-2030) ($MN)
- Table 100 Middle East & Africa Digital Brain Health Market Outlook, By Electronic Health Records (EHR) (2021-2030) ($MN)
- Table 101 Middle East & Africa Digital Brain Health Market Outlook, By E-Prescribing (2021-2030) ($MN)
- Table 102 Middle East & Africa Digital Brain Health Market Outlook, By Financial Functionality (2021-2030) ($MN)
- Table 103 Middle East & Africa Digital Brain Health Market Outlook, By Telehealth (2021-2030) ($MN)
- Table 104 Middle East & Africa Digital Brain Health Market Outlook, By Other Functionalities (2021-2030) ($MN)
- Table 105 Middle East & Africa Digital Brain Health Market Outlook, By End User (2021-2030) ($MN)
- Table 106 Middle East & Africa Digital Brain Health Market Outlook, By Hospitals (2021-2030) ($MN)
- Table 107 Middle East & Africa Digital Brain Health Market Outlook, By Specialty Clinics (2021-2030) ($MN)
- Table 108 Middle East & Africa Digital Brain Health Market Outlook, By Other End Users (2021-2030) ($MN)
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