U.S. Digital Health MarketU.S. Digital Health Market Strategic Roadmap: Analysis and Forecasts 2024-2032
U.S. Digital Health Market by Product Type (mHealth [Apps {Disease, Treatment Management Apps, Wellness Management, Others}, Wearables {Body & Temperature Monitors, Sleep Trackers, Fitness Trackers, Glucose Monitors, BP Monitors, Cardiac Monitors, Others}], Healthcare Analytics, Digital Health Systems, Telehealthcare), by Component (Services, Software, Hardware), by End-user (Business to Business, Business to Consumer), by Forecast 2024-2032
Base Year: 2023
100 Pages
U.S. Digital Health Market Strategic Roadmap: Analysis and Forecasts 2024-2032
Key Insights
The U.S. Digital Health Market size was valued at USD 133.41 USD Billion in 2023 and is projected to reach USD 480.83 USD Billion by 2032, exhibiting a CAGR of 20.1 % during the forecast period. Digital health comes with technology inclusion into clinical practice and healthcare systems. All these types include telemedicine, wearable gadgets, health IT, and mobile health apps. Attributes comprise remote patient monitoring, data analytics, and standards for information exchange. Growing applications cover telehealth, chronic disease management, medicated adherence, etc. The current US market shows a great deal of propensity for telehealth in the wake of the COVID-19 pandemic and the expansion is driven by the investment in health tech giants and the shift into personalized medicine.
U.S. Digital Health Trends
Increasing Adoption of Digital Health Technologies:
- Growing prevalence of chronic diseases
- Technological advancements and improved connectivity
- Government initiatives and regulations
Driving Forces: What's Propelling the U.S. Digital Health Market
- Rising demand for personalized and convenient healthcare
- Need for cost-effective and efficient healthcare solutions
- Government support and funding
- Advancements in artificial intelligence (AI) and machine learning
Challenges and Restraints in the U.S. Digital Health Market
- Data security and privacy concerns
- Lack of reimbursement and interoperability
- Limited access to the Internet in rural areas
- Resistance to change among healthcare professionals
Emerging Trends in U.S. Digital Health
- Integration of wearable devices and sensors
- Use of AI and machine learning for personalized care
- Telehealth and remote patient monitoring
- Digital health platforms for chronic disease management
Growth Catalysts in the U.S. Digital Health Industry
- Government initiatives and funding
- Strategic partnerships and collaborations
- Increasing investment in research and development
- Growing demand for value-based care
Market Segmentation: U.S. Digital Health Analysis
Product Type:
- mHealth
- Healthcare Analytics
- Digital Health Systems
- Telehealthcare
Component:
- Services
- Software
- Hardware
End-user:
- Business to Business
- Business to Consumer
Leading Players in the U.S. Digital Health Market
- GE HealthCare
- Koninklijke Philips N.V.
- Allscripts Healthcare, LLC
- Oracle
- Epic Systems Corporation
- McKesson Corporation
- Medical Information Technology, Inc.
- Siemens Healthcare GmbH
Significant Developments in the U.S. Digital Health Sector
- April 2023: Digital Health Action Alliance (DHAA) launched to reduce premature deaths from non-communicable diseases.
- March 2022: GE HealthCare introduced the Edison Health Platform with an AI engine to improve healthcare delivery and revenue growth.
Comprehensive Coverage U.S. Digital Health Market Report
- Market Size and Forecast
- Industry Trends and Drivers
- Challenges and Restraints
- Competitive Landscape
- Growth Catalysts
- Market Segmentation
- Regional Analysis
- Key Developments and Market Outlook
Regional Insight
- The U.S. digital health market is highly competitive, with numerous well-established domestic players shaping the industry landscape.
- Growth continues to surge due to the increasing adoption of digital health technologies, backed by rising demand for convenient, personalized healthcare solutions.
- Key regional players are leveraging advancements in data analytics, AI, and ML to enhance solution offerings and cater to the evolving needs of healthcare providers and patients.
- Government support and initiatives, including policy frameworks and reimbursement mechanisms, further fuel market growth by promoting the adoption of digital health technologies in healthcare settings.
- The Asia-Pacific region is projected to witness significant growth due to rising healthcare expenditure, government initiatives, and increasing awareness and adoption of technology-driven healthcare solutions.
DROCs
Drivers:
- Personalized and patient-centric healthcare
- Cost-effectiveness and efficiency
- Government support and favorable policies
- Advancements in AI/ML, big data analytics, and cloud computing
Restraints:
- Data security and privacy concerns
- Lack of comprehensive reimbursement models
- Rural internet access limitations
- Resistance to change and adoption of new technologies
Opportunities:
- Wearable devices for remote patient monitoring
- AI-powered personalized care plans and treatment recommendations
- Telehealth and telemedicine for remote healthcare access
- Chronic disease management through digital health solutions
Challenges:
- Establishing standardized reimbursement models
- Ensuring interoperability and data exchange between different systems
- Protecting patient data privacy and security in the digital health ecosystem
Pricing Analysis
- The U.S. digital health market is highly fragmented, with a wide range of pricing models.
- Hardware devices typically have higher upfront costs, while software and services can be subscription-based or fee-for-service.
- Pricing is influenced by factors such as product features, target market, and competition.
Import And Export Analysis
- The U.S. is a major importer and exporter of digital health products.
- Imports are primarily from China, Japan, and South Korea.
- Exports are mainly to Mexico, Canada, and Europe.
Segmentation
Product Type: mHealth (apps, wearables), Healthcare Analytics, Digital Health Systems, Telehealthcare
Component: Services, Software, Hardware
End-user: Business to Business, Business to Consumer
Patent/Trademark Analysis
- The U.S. holds a large number of patents and trademarks in the digital health space.
- Key players are actively investing in research and development to secure intellectual property protection.
U.S. Digital Health Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 20.1% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Introduction of Cost-effective Manufacturing Processes to Drive Market Growth
- 3.3. Market Restrains
- 3.3.1. Cybersecurity Risks Associated with Patient Data Can Hamper Market Growth Prospects
- 3.4. Market Trends
- 3.4.1. Increasing Number of Hospitals and ASCs Identified as Significant Market Trend
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. U.S. Digital Health Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Product Type
- 5.1.1. mHealth [Apps {Disease
- 5.1.2. Treatment Management Apps
- 5.1.3. Wellness Management
- 5.1.4. Others}
- 5.1.5. Wearables {Body & Temperature Monitors
- 5.1.6. Sleep Trackers
- 5.1.7. Fitness Trackers
- 5.1.8. Glucose Monitors
- 5.1.9. BP Monitors
- 5.1.10. Cardiac Monitors
- 5.1.11. Others}]
- 5.1.12. Healthcare Analytics
- 5.1.13. Digital Health Systems
- 5.1.14. Telehealthcare
- 5.2. Market Analysis, Insights and Forecast - by Component
- 5.2.1. Services
- 5.2.2. Software
- 5.2.3. Hardware
- 5.3. Market Analysis, Insights and Forecast - by End-user
- 5.3.1. Business to Business
- 5.3.2. Business to Consumer
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1.
- 5.1. Market Analysis, Insights and Forecast - by Product Type
- 6. Northeast U.S. Digital Health Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Product Type
- 6.1.1 mHealth [Apps {Disease and Treatment Management Apps
- 6.1.2 Wellness Management
- 6.1.3 and Others}
- 6.1.4 and Wearables {Body & Temperature Monitors
- 6.1.5 Sleep Trackers
- 6.1.6 Fitness Trackers
- 6.1.7 Glucose Monitors
- 6.1.8 BP Monitors
- 6.1.9 Cardiac Monitors
- 6.1.10 and Others}]
- 6.1.11 Healthcare Analytics
- 6.1.12 Digital Health Systems
- 6.1.13 and Telehealthcare
- 6.2. Market Analysis, Insights and Forecast - By Component
- 6.2.1 Services
- 6.2.2 Software
- 6.2.3 and Hardware
- 6.3. Market Analysis, Insights and Forecast - By End-user
- 6.3.1. Business to Business and Business to Consumer
- 7. Southeast U.S. Digital Health Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Product Type
- 7.1.1 mHealth [Apps {Disease and Treatment Management Apps
- 7.1.2 Wellness Management
- 7.1.3 and Others}
- 7.1.4 and Wearables {Body & Temperature Monitors
- 7.1.5 Sleep Trackers
- 7.1.6 Fitness Trackers
- 7.1.7 Glucose Monitors
- 7.1.8 BP Monitors
- 7.1.9 Cardiac Monitors
- 7.1.10 and Others}]
- 7.1.11 Healthcare Analytics
- 7.1.12 Digital Health Systems
- 7.1.13 and Telehealthcare
- 7.2. Market Analysis, Insights and Forecast - By Component
- 7.2.1 Services
- 7.2.2 Software
- 7.2.3 and Hardware
- 7.3. Market Analysis, Insights and Forecast - By End-user
- 7.3.1. Business to Business and Business to Consumer
- 8. Midwest U.S. Digital Health Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Product Type
- 8.1.1 mHealth [Apps {Disease and Treatment Management Apps
- 8.1.2 Wellness Management
- 8.1.3 and Others}
- 8.1.4 and Wearables {Body & Temperature Monitors
- 8.1.5 Sleep Trackers
- 8.1.6 Fitness Trackers
- 8.1.7 Glucose Monitors
- 8.1.8 BP Monitors
- 8.1.9 Cardiac Monitors
- 8.1.10 and Others}]
- 8.1.11 Healthcare Analytics
- 8.1.12 Digital Health Systems
- 8.1.13 and Telehealthcare
- 8.2. Market Analysis, Insights and Forecast - By Component
- 8.2.1 Services
- 8.2.2 Software
- 8.2.3 and Hardware
- 8.3. Market Analysis, Insights and Forecast - By End-user
- 8.3.1. Business to Business and Business to Consumer
- 9. Southwest U.S. Digital Health Market Analysis, Insights and Forecast, 2018-2030
- 9.1. Market Analysis, Insights and Forecast - By Product Type
- 9.1.1 mHealth [Apps {Disease and Treatment Management Apps
- 9.1.2 Wellness Management
- 9.1.3 and Others}
- 9.1.4 and Wearables {Body & Temperature Monitors
- 9.1.5 Sleep Trackers
- 9.1.6 Fitness Trackers
- 9.1.7 Glucose Monitors
- 9.1.8 BP Monitors
- 9.1.9 Cardiac Monitors
- 9.1.10 and Others}]
- 9.1.11 Healthcare Analytics
- 9.1.12 Digital Health Systems
- 9.1.13 and Telehealthcare
- 9.2. Market Analysis, Insights and Forecast - By Component
- 9.2.1 Services
- 9.2.2 Software
- 9.2.3 and Hardware
- 9.3. Market Analysis, Insights and Forecast - By End-user
- 9.3.1. Business to Business and Business to Consumer
- 10. West U.S. Digital Health Market Analysis, Insights and Forecast, 2018-2030
- 10.1. Market Analysis, Insights and Forecast - By Product Type
- 10.1.1 mHealth [Apps {Disease and Treatment Management Apps
- 10.1.2 Wellness Management
- 10.1.3 and Others}
- 10.1.4 and Wearables {Body & Temperature Monitors
- 10.1.5 Sleep Trackers
- 10.1.6 Fitness Trackers
- 10.1.7 Glucose Monitors
- 10.1.8 BP Monitors
- 10.1.9 Cardiac Monitors
- 10.1.10 and Others}]
- 10.1.11 Healthcare Analytics
- 10.1.12 Digital Health Systems
- 10.1.13 and Telehealthcare
- 10.2. Market Analysis, Insights and Forecast - By Component
- 10.2.1 Services
- 10.2.2 Software
- 10.2.3 and Hardware
- 10.3. Market Analysis, Insights and Forecast - By End-user
- 10.3.1. Business to Business and Business to Consumer
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2023
- 11.2. Company Profiles
- 11.2.1 GE HealthCare (U.S.)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Koninklijke Philips N.V. (Netherlands)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Allscripts Healthcare LLC (U.S.)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Oracle (U.S.)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Epic Systems Corporation (U.S.)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 McKesson Corporation (U.S.)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Medical Information Technology Inc. (U.S.)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Siemens Healthcare GmbH (Germany)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Boston Scientific Corporation (U.S.)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 FUJIFILM Holdings Corporation (Japan)
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.11 Medtronic (Ireland)
- 11.2.11.1. Overview
- 11.2.11.2. Products
- 11.2.11.3. SWOT Analysis
- 11.2.11.4. Recent Developments
- 11.2.11.5. Financials (Based on Availability)
- 11.2.12 IBM (U.S.)
- 11.2.12.1. Overview
- 11.2.12.2. Products
- 11.2.12.3. SWOT Analysis
- 11.2.12.4. Recent Developments
- 11.2.12.5. Financials (Based on Availability)
- 11.2.13 Validic (U.S.)
- 11.2.13.1. Overview
- 11.2.13.2. Products
- 11.2.13.3. SWOT Analysis
- 11.2.13.4. Recent Developments
- 11.2.13.5. Financials (Based on Availability)
- 11.2.1 GE HealthCare (U.S.)
List of Figures
- Figure 1: U.S. Digital Health Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
- Figure 2: U.S. Digital Health Market Value Share (%), by Product Type 2023 & 2031
- Figure 3: U.S. Digital Health Market Value Share (%), by Component 2023 & 2031
- Figure 4: U.S. Digital Health Market Value Share (%), by End-user 2023 & 2031
- Figure 5: U.S. Digital Health Market Share (%) by Company 2023
List of Tables
- Table 1: U.S. Digital Health Market Revenue USD Billion Forecast, by Product Type 2018 & 2031
- Table 2: U.S. Digital Health Market Revenue USD Billion Forecast, by Component 2018 & 2031
- Table 3: U.S. Digital Health Market Revenue USD Billion Forecast, by End-user 2018 & 2031
- Table 4: U.S. Digital Health Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 5: U.S. Digital Health Market Revenue USD Billion Forecast, by Product Type 2018 & 2031
- Table 6: U.S. Digital Health Market Revenue USD Billion Forecast, by Component 2018 & 2031
- Table 7: U.S. Digital Health Market Revenue USD Billion Forecast, by End-user 2018 & 2031
- Table 8: U.S. Digital Health Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 9: U.S. Digital Health Market Revenue USD Billion Forecast, by Product Type 2018 & 2031
- Table 10: U.S. Digital Health Market Revenue USD Billion Forecast, by Component 2018 & 2031
- Table 11: U.S. Digital Health Market Revenue USD Billion Forecast, by End-user 2018 & 2031
- Table 12: U.S. Digital Health Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 13: Northeast U.S. Digital Health Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 14: Southeast U.S. Digital Health Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 15: Midwest U.S. Digital Health Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 16: Southwest U.S. Digital Health Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 17: West U.S. Digital Health Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 18: U.S. Digital Health Market Revenue USD Billion Forecast, by Product Type 2018 & 2031
- Table 19: U.S. Digital Health Market Revenue USD Billion Forecast, by Component 2018 & 2031
- Table 20: U.S. Digital Health Market Revenue USD Billion Forecast, by End-user 2018 & 2031
- Table 21: U.S. Digital Health Market Revenue USD Billion Forecast, by Country 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 20.1% from 2018-2032 |
| Segmentation |
|
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