China Digital Health Market Size & Outlook, 2023-2030
China digital health market, 2018-2030 (US$M)
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China digital health market highlights
- The China digital health market generated a revenue of USD 15,061.2 million in 2023 and is expected to reach USD 64,288.1 million by 2030.
- The China market is expected to grow at a CAGR of 23% from 2024 to 2030.
- In terms of segment, tele-healthcare was the largest revenue generating technology in 2023.
- Tele-Healthcare is the most lucrative technology segment registering the fastest growth during the forecast period.
Digital health market data book summary
| Market revenue in 2023 | USD 15,061.2 million |
| Market revenue in 2030 | USD 64,288.1 million |
| Growth rate | 23% (CAGR from 2023 to 2030) |
| Largest segment | Tele-healthcare |
| Fastest growing segment | Tele-Healthcare |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tele-Healthcare, MHealth, Healthcare Analytics, Digital Health Systems |
| Key market players worldwide | Epic Systems Corporation, Telefonica SA, AT&T, Airstrip Technologies, Quantum-Si Inc Ordinary Shares - Class A, Alphabet Inc Class C, Orange SA, SoftServe, Hims & Hers Health Inc Ordinary Shares - Class A, Computer Programs and Systems Inc. (CPSI), Vocera Communications, International Business Machines Corp, Cisco Systems Inc, Apple Inc, Oracle Corp, Veradigm Inc, McKesson Corp, Vodafone Group PLC, Qualcomm Inc, Samsung Electronics Co Ltd |
Other key industry trends
- In terms of revenue, China accounted for 6.2% of the global digital health market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China digital health market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 52,872.0 million by 2030.
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Digital Health Market Scope
Digital Health Market Companies
| Name | Profile | # Employees | HQ | Website |
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China digital health market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to digital health market will help companies and investors design strategic landscapes.
Tele-healthcare was the largest segment with a revenue share of 43.2% in 2023. Horizon Databook has segmented the China digital health market based on tele-healthcare, mhealth, healthcare analytics, digital health systems covering the revenue growth of each sub-segment from 2018 to 2030.
China’s healthcare system is mostly managed by the government. Most of rural China has underdeveloped infrastructure, and most of the country’s primary care is misused due to poor distribution of resources & lack of skilled general practitioners.
For instance, according to Global Economy data in 2020, China had only 2.36 doctors per 1,000 patients, requiring patients to travel long distances to reach decent hospitals in bigger cities. All the above-mentioned factors have led to the increasing need for remote healthcare services, including telemedicine, mobile access to healthcare information & services, and remotely connected devices to monitor healthcare progress, among others.
Mobile application providers are focusing on developing healthcare apps owing to the increasing smartphone penetration in the country. In line with this, Tencent, an internet-based technology and cultural enterprise that maintains WeChat in mainland China, is building a steady network of participating hospitals in which users can book appointments, follow-up with their medical check-ups, and pay medical bills. For instance, in 2018, Tencent had over 38,000 listed medical facilities on its app.
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Target buyers of China digital health market databook
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Our clientele includes a mix of digital health market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China digital health market , including forecasts for subscribers. This country databook contains high-level insights into China digital health market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China digital health market size, by technology, 2018-2030 (US$M)
China Digital Health Market Outlook Share, 2023 & 2030 (US$M)
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