North America Digital Health Market Size & Outlook
North America digital health market, 2018-2030 (US$M)
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North America digital health market highlights
- The North America digital health market generated a revenue of USD 92,069.4 million in 2023.
- The market is expected to grow at a CAGR of 20.1% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 92,069.4 million |
| Market revenue in 2030 | USD 331,235.6 million |
| Growth rate | 20.1% (CAGR from 2023 to 2030) |
| Largest segment | Tele-healthcare |
| Fastest growing segment | Tele-Healthcare |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 38.2% of the global digital health market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 252,551.0 million by 2030.
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Digital Health Market Scope
Digital Health Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 North America 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.
Factors such as rapid advancements in coverage networks, rise in adoption of smartphones, increase in geriatric population, rise in the prevalence of chronic diseases, critical shortage of primary caregivers, rise in costs of health care, and increase in demand for improved management & prevention of chronic conditions are factors responsible growth of digital health services in North America.
According to the article “2020 Profile of Older Americans” published by the Administration for Community Living in May 2021, the geriatric population in the U.S. was recorded to be 54.1 million in 2019, accounting for 16% of the total U.S. population and is anticipated to reach 21.6% of the total population by 2040.
It has the second-largest aging population in the world after Europe. The U.S. is a leading market for mHealth apps globally. Moreover, North America is one of the very first regions to adopt smart healthcare solutions that include various technologies such as smart wearables, mobile apps, and eHealth services, like telemedicine & EHR services, for remote access to information on serious & chronic healthcare conditions.
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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 continent-level data and insights on the North America digital health market , including forecasts for subscribers. This continent databook contains high-level insights into North America digital health market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America digital health market size, by country, 2018-2030 (US$M)
North America Digital Health Market Outlook Share, 2023 & 2030 (US$M)
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