U.S. Digital Health Market Size Is Projected To Reach USD 276.62 Billion By 2030

 San Francisco, 1 Aug 2024: The Report U.S. Digital Health Market Size, Share & Trends Analysis Report By Technology (Tele-healthcare, mHealth), By Component (Software, Hardware, Services), By Application (Obesity, Diabetes) , By End-use, And Segment Forecasts, 2024 - 2030

The U.S. digital health market size is expected to reach USD 276.62 billion by 2030, registering a CAGR of 19.5% over the forecast period, according to a new report by Grand View Research, Inc. The improvement in internet coverage facilities and the innovation of smartphones are anticipated to drive the digitalization of healthcare organizations. The growing awareness regarding maintaining a healthy lifestyle is also driving the adoption of mHealth apps among consumers. The favorable technology-friendly consumer base looking forward to accessing healthcare and medical assistance through digital health solutions and the improved healthcare IT infrastructure in the U.S. is expected to accelerate the market growth.

The high adoption of digital health platforms by service providers to actively engage their patients and improve the quality of care by easily accessing patient information is supporting the market growth. The COVID-19 pandemic has also exposed the care gaps in the existing treatment process, which, in turn, is driving the adoption of virtual and digital healthcare solutions. The telehealthcare technology segment dominated the market in 2023, owing to the growing adoption of digital communication technologies, such as mhealth, telehealth, and telecare platforms. The increasing preference for remote patient monitoring services also accelerated the market growth in the U.S.

The shortage of medical professionals and increasing preference for remote patient engagement by healthcare providers using telehealth platforms will support the segment growth. Moreover, the preference of hospitals to connect with patients using telehealth platforms and improve provider-patient interactions to offer quality healthcare services accelerates the segment growth. In addition, the increasing geriatric population, prevalence of chronic disorders, and the trend of preventive healthcare have driven several initiatives to be undertaken by the government.

The growth of AI-powered solutions for patient monitoring and personalized care is evident, with the increasing involvement of healthcare professionals in their development and adoption. Moreover, various players are actively adopting strategies such as mergers, acquisitions, collaborations, partnerships, and product launches to maintain a competitive edge. For instance, in July 2023, Epic Systems Corporation collaborated with Nuance Communications, Inc., a Microsoft Company, to develop the Nuance Dragon Ambient eXperience (DAX) Express solution, which expands access to care for patients and enhances healthcare outcomes.

The healthcare industry has experienced a notable surge in demand for telemedicine and telehealth services in recent years. The service providers and developers continuously strive to create web-hosted and cloud-based platforms to efficiently deliver virtual care services, improving patient care in distant areas. The preference for video consultations is increasing as they reduce the necessity for in-person appointments and traveling to healthcare facilities. In November 2023, AristaMD, a company specializing in digital healthcare in referral management and eConsults services, partnered with Sitka to promote video consultations and virtual nurse navigators.

Access Research Report of U.S. Digital Health Market @ https://www.grandviewresearch.com/industry-analysis/us-digital-health-market-report

U.S. Digital Health Market Report Highlights

• Based on technology, the telehealthcare segment led the market in 2023, due to the high adoption of digital communication technologies, such as mHealth, telehealth, and telecare platforms
• Based on component, the services component segment accounted for the maximum revenue share in 2023 due to the increased adoption of digital healthcare platforms coupled with the high demand for installation, maintenance, and training & development services
• Based on application, the diabetes segment dominated the market with the largest share in 2023 and is expected to register the fastest growth over the forecast period. The obesity segment is the second largest in application area of the digital health market, owing to the increasing cases of obesity.
• Based on end-use, the patient segment held the largest revenue share in 2023 and is expected to witness the fastest CAGR from 2024 to 2030, owing to the increasing patient populations

U.S. Digital Health Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 94.95 billion
Revenue forecast in 2030	USD 276.62 billion
Growth rate	CAGR of 19.5% from 2024 to 2030
Actual data	2018 - 2023
Forecast data	2024 - 2030

List of Key Players of U.S. Digital Health Market

• Apple, Inc.
• AT&T
• Airstrip Technologies
• Allscripts
• Google, Inc.
• Orange
• Qualcomm Technologies, Inc.
• Softserve
• Samsung Electronics Co. Ltd.
• Telefonica S.A.
• Vodafone Group
• Cerner Corp.
• McKesson Corp.
• Epic Systems Corp.
• NextGen Healthcare, Inc
• Greenway Health LLC
• CureMD Healthcare
• HIMS
• Computer Programs and Systems, Inc.
• Vocera Communications
• IBM Corp.
• Siemens Healthcare GmbH
• Cisco Systems, Inc.

Access Press Release of U.S. Digital Health Market @ https://www.grandviewresearch.com/press-release/us-digital-health-market-analysis

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon