HealthTech Market Growth, Share, Demand, Size, Technologies, Challenges and Future Outlook 2033
HealthTech Market Size- By Technology, By Component, By End-User, By Applications, By Delivery Mode- Regional Outlook, Competitive Strategies and Segment Forecasts to 2033
| Published: Dec-2022 | Report ID: HLCA2223 | Pages: 1 - 248 | Formats*: |
| Category : Healthcare | |||
Global HealthTech Market Overview
According to SPER Market Research, the Global HealthTech Market is estimated to reach USD 1303.9 billion by 2033 with a CAGR of 13.53%.
Healthtech, also known as health technology, refers to the application of technology, such as software, hardware, and data analysis, to improve healthcare delivery, efficiency, and outcomes. It includes a wide range of technologies, including electronic health records (EHRs) and telemedicine, as well as wearable devices and mobile apps that track and monitor health data.
Healthtech is used to improve patient care and outcomes, boost efficiency and lower costs, and improve communication and collaboration among healthcare providers. It also includes analysing large amounts of health data with artificial intelligence (AI) and machine learning (ML) to improve patient care and outcomes. Overall, healthcare technology has the potential to transform the industry by making it more patient-centered, data-driven, and personalised.
Exploring the Growth Drivers of the Global HealthTech Industry
The global HealthTech market is experiencing several key market trends. One trend is the increasing use of artificial intelligence (AI) and machine learning (ML) in HealthTech solutions. AI and ML are being used to analyze patient data and develop personalized treatment plans, as well as to improve disease diagnosis and drug development. Another trend is the growing use of virtual and augmented reality (VR/AR) technologies in healthcare. VR/AR technologies are being used to provide immersive experiences for patients, as well as for medical training and education. Additionally, there is a trend towards the integration of HealthTech solutions with existing healthcare systems, allowing for greater interoperability and improved patient outcomes. Finally, there is a growing interest in digital therapeutics, which use digital technologies to treat and manage medical conditions. These trends are driving innovation in the HealthTech market and are expected to continue shaping the industry in the coming years.
What challenges does the Global HealthTech Market face?
The Global HealthTech market faces challenges that could impede its growth and adoption, such as data privacy and security, regulatory compliance, limited access to healthcare, interoperability, and high costs. HealthTech solutions involve collecting and storing sensitive patient data, which must be secured from cyber-attacks and data breaches. Companies operating in this space must navigate complex regulatory landscapes and obtain necessary approvals before launching their products. While HealthTech solutions can improve access to healthcare, there are still significant barriers to access in many parts of the world, limiting their potential impact. Interoperability between different systems and ensuring that HealthTech solutions can integrate with existing healthcare systems is crucial for maximizing the potential benefits of these solutions.
In what ways has the COVID-19 pandemic affected Global HealthTech Market?
The COVID-19 pandemic has accelerated the adoption of HealthTech solutions as the need for remote patient monitoring and telehealth services increased due to social distancing measures and overwhelmed healthcare systems. HealthTech solutions such as telemedicine, digital health platforms, and wearable devices have become more widely accepted and implemented by healthcare providers and patients alike. The pandemic has also emphasized the importance of data analytics and artificial intelligence in predicting and managing outbreaks. This has led to increased investment and growth in the HealthTech market, as there is now greater recognition of the value of HealthTech solutions. Overall, the COVID-19 pandemic has significantly impacted and transformed the global HealthTech market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Technology, By Component, By End-User, By Applications, By Delivery Mode |
| Regions covered | North America, Europe, Asia Specific, Middle East and Africa, South America, Others. |
| Companies Covered | AirStrip Technologies, Allscripts, Apple Inc., AT&T, Cerner Corporation (Oracle), CISCO Systems Inc, Epic Systems Corporation, Google Inc., HiMS, IBM Corporation, Mqure, McKesson Corporation, Mdlive, Medi Buddy, Medical device as a service (MDAAS), MedPass, Mobicure, Myndtec, NeurNation, Nutrino, Okadoc, Omnia Salud, Pharm Easy, Philip Healthcare, Polycom Inc, Safermom, System Healthcare Solutions, Takalam, TeleMD, UAE’s Mulk, Ubenwa, Welli, Wuru, Xtreme VRI, Yerbo |
Key Target Audience:
- Healthcare Providers
- Patients
- Investors
- Government and policymakers
- Research institutions and academia
- Insurance providers
Global HealthTech Market Segmentation:
1. By Technology :
- Global HealthTech Market Value Share and Forecast, By Technology, 2023-2033
- Digital Health Systems
- Health Analytics
- Health Information Technology
- mHealth
- Wearables
- Telecare
2. By Component:
- Global HealthTech Market Value Share and Forecast, By Component, 2023-2033
- Hardware
- Software
- Services
3. By End-User:
- Global HealthTech Market Value Share and Forecast, By End-User, 2023-2033
- Healthcare Providers
- Healthcare Payers
- Healthcare Consumers
- Pharmaceutical Companies
4. By Application:
- Global HealthTech Market Value Share and Forecast, By Application, 2023-2033
- Cardiology
- Diabetes
- Neurology
- Sleep Apnea
- Oncology
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global HealthTech Market Size (FY’2023-FY’2033)
- Overview of Global HealthTech Market
- Segmentation of Global HealthTech Market By Technology (Digital Health Systems, Health Analytics, Health Information Technology, mHealth, Wearables, Telecare)
- Segmentation of Global HealthTech Market By Component (Hardware, Software, Services)
- Segmentation of Global HealthTech Market By End-User (Healthcare Providers, Healthcare Payers, Healthcare Consumers, Pharmaceutical Companies, Others)
- Segmentation of Global HealthTech Market By Application (Cardiology, Diabetes, Neurology, Sleep Apnes, Oncology, Others)
- Segmentation of Global HealthTech Market By Delivery Mode (Cloud, On-Premises)
- Statistical Snap of Global HealthTech Market
- Growth Analysis of Global HealthTech Market
- Problems and Challenges in Global HealthTech Market
- Competitive Landscape in the Global HealthTech Market
- Impact of COVID-19 and Demonetization on Global HealthTech Market
- Details on Recent Investment in Global HealthTech Market
- Competitive Analysis of Global HealthTech Market
- Key Players in the Global HealthTech Market
- SWOT Analysis of Global HealthTech Market
- Global HealthTech Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global HealthTech Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global HealthTech Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global HealthTech Market
7. Global HealthTech Market, By Technology (USD Million)
7.1. Global HealthTech Market Value Share and Forecast, By Technology, 2023-20337.2. Digital Health Systems7.3. Health Analytics7.4. Health Information Technology7.5. mHealth7.5.1. Medical Apps7.5.2. Fitness Apps7.5.3. Services7.6. Wearables7.6.1. Activity Trackers7.6.2. BP Monitors7.6.3. Glucose Meter7.6.4. Neurological Monitors7.6.5. Pulse Oximeter7.6.6. Sleep Apnes Monitors7.7. Telecare7.7.1. Activity Monitoring7.7.2. Remote Medication Management7.7.3. Telemedicine
8. Global HealthTech Market, By Component (USD Million)
8.1. Global HealthTech Market Value Share and Forecast, By Component, 2023-20338.2. Hardware8.3. Software8.4. Services
9. Global HealthTech Market, By End-User (USD Million)
9.1. Global HealthTech Market Value Share and Forecast, By End-User, 2023-20339.2. Healthcare Providers9.3. Healthcare Payers9.4. Healthcare Consumers9.5. Pharmaceutical Companies9.6. Others
10. Global HealthTech Market, By Application (USD Million)
10.1. Global HealthTech Market Value Share and Forecast, By Application, 2023-203310.2. Cardiology10.3. Diabetes10.4. Neurology10.5. Sleep Apnea10.6. Oncology10.7. Others
11. Global HealthTech Market, By Delivery Mode (USD Million)
11.1. Global HealthTech Market Value Share and Forecast, By Delivery Mode, 2023-203311.2. Cloud11.3. On-premises
12. Global HealthTech Market Forecast, 2019-2033 (USD Million)
12.1. Global HealthTech Market Size and Market Share
13. Global HealthTech Market, By Technology, 2019-2023 (USD Million)
13.1. Global HealthTech Market Size and Market Share By Technology Method (2019-2026)13.2. Global HealthTech Market Size and Market Share By Technology Method (2027-2033)
14. Global HealthTech Market, By Component, 2019-2023 (USD Million)
14.1. Global HealthTech Market Size and Market Share By Component (2019-2026)14.2. Global HealthTech Market Size and Market Share By Component (2027-2033)
15. Global HealthTech Market, By End-User, 2019-2023 (USD Million)
15.1. Global HealthTech Market Size and Market Share By End-User (2019-2026)15.2. Global HealthTech Market Size and Market Share By End-User (2027-2033)
16. Global HealthTech Market, By Applications, 2019-2023 (USD Million)
16.1. Global HealthTech Market Size and Market Share By Applications (2019-2026)16.2. Global HealthTech Market Size and Market Share By Applications (2027-2033)
17. Global HealthTech Market, By Delivery Modes, 2019-2023 (USD Million)
17.1. Global HealthTech Market Size and Market Share By Delivery Modes (2019-2026)17.2. Global HealthTech Market Size & Market Share By Delivery Modes (2027-2033)
18. Global HealthTech Market, By Region, 2019-2023 (USD Million)
18.1. Global HealthTech Market Size and Market Share By Region (2019-2026)18.2. Global HealthTech Market Size and Market Share By Region (2027-2033)18.3. Asia-Pacific18.3.1. Australia18.3.2. China18.3.3. India18.3.4. Japan18.3.5. South Korea18.3.6. Rest of Asia-Pacific18.4. Europe18.4.1. France18.4.2. Germany18.4.3. Italy18.4.4. Spain18.4.5. United Kingdom18.4.6. Rest of Europe18.5. Middle East and Africa18.5.1. Kingdom of Saudi Arabia18.5.2. United Arab Emirates18.5.3. Rest of Middle East & Africa18.6. North America18.6.1. Canada18.6.2. Mexico18.6.3. United States18.7. Latin America18.7.1. Argentina18.7.2. Brazil18.7.3. Rest of Latin America
19. Company Profile
19.1. AirStrip Technologies19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments19.2. Allscripts19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments19.3. Apple Inc.19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments19.4. AT & T19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments19.5. Cerner Corporation19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments19.6. CISCO Systems Inc.19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments19.7. Epic Systems Corporation19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments19.8. Google Inc.19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments19.9. HiMS19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments19.10. IBM Corporation19.10.1. Company details19.10.2. Financial outlook19.10.3. Product summary19.10.4. Recent developments19.11. Mqure19.11.1. Company details19.11.2. Financial outlook19.11.3. Product summary19.11.4. Recent developments19.12. McKesson Corporation19.12.1. Company details19.12.2. Financial outlook19.12.3. Product summary19.12.4. Recent Developments19.13. Mdlive19.13.1. Company details19.13.2. Financial outlook19.13.3. Product summary19.13.4. Recent developments19.14. Medi Buddy19.14.1. Company details19.14.2. Financial outlook19.14.3. Product summary19.14.4. Recent developments19.15. Medical device as a service (MDAAS)19.15.1. Company details19.15.2. Financial outlook19.15.3. Product summary19.15.4. Recent developments19.16. MedPass19.16.1. Company details19.16.2. Financial outlook19.16.3. Product summary19.16.4. Recent developments19.17. Mobicure19.17.1. Company details19.17.2. Financial outlook19.17.3. Product summary19.17.4. Recent developments19.18. Myndtec19.18.1. Company details19.18.2. Financial outlook19.18.3. Product summary19.18.4. Recent developments19.19. NeurNation19.19.1. Company details19.19.2. Financial outlook19.19.3. Product summary19.19.4. Recent developments19.20. Nutrino19.20.1. Company details19.20.2. Financial outlook19.20.3. Product summary19.20.4. Recent developments19.21. Okadoc19.21.1. Company details19.21.2. Financial outlook19.21.3. Product summary19.21.4. Recent developments19.22. Omnia Salud19.22.1. Company details19.22.2. Financial outlook19.22.3. Product summary19.22.4. Recent developments19.23. Pharm Easy19.23.1. Company details19.23.2. Financial outlook19.23.3. Product summary19.23.4. Recent developments19.24. Philip Healthcare19.24.1. Company details19.24.2. Financial outlook19.24.3. Product summary19.24.4. Recent developments19.25. Polycom Inc.19.25.1. Company details19.25.2. Financial outlook19.25.3. Product summary19.25.4. Recent developments19.26. Safermom19.26.1. Company details19.26.2. Financial outlook19.26.3. Product summary19.26.4. Recent developments19.27. System Healthcare Solutions19.27.1. Company details19.27.2. Financial outlook19.27.3. Product summary19.27.4. Recent developments19.28. Takalam19.28.1. Company details19.28.2. Financial outlook19.28.3. Product summary19.28.4. Recent developments19.29. TeleMD19.29.1. Company details19.29.2. Financial outlook19.29.3. Product summary19.29.4. Recent developments19.30. UAE’s Mulk19.30.1. Company details19.30.2. Financial outlook19.30.3. Product summary19.30.4. Recent developments19.31. Ubenwa19.31.1. Company details19.31.2. Financial outlook19.31.3. Product summary19.31.4. Recent developments19.32. Welli19.32.1. Company details19.32.2. Financial outlook19.32.3. Product summary19.32.4. Recent developments19.33. Wuru19.33.1. Company details19.33.2. Financial outlook19.33.3. Product summary19.33.4. Recent developments19.34. Xtreme VRI19.34.1. Company details19.34.2. Financial outlook19.34.3. Product summary19.34.4. Recent developments19.35. Yerbo19.35.1. Company details19.35.2. Financial outlook19.35.3. Product summary19.35.4. Recent developments
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The Healthtech Market is projected to reach USD 1303.9 billion by 2032, growing at a CAGR of 13.53% during the forecast period.
The Health Tech Market grew in market size from 2021. The Market is expected to reach USD 1303.9 billion by 2032, at a CAGR of 13.53% during the forecast period.
The Health Tech Market CAGR of 13.53% during the forecast period.
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The Health Tech Market size is USD 1303.9 billion from 2022 to 2032.
The Health Tech Market segment is Covered By Technology, By Component, By End-User, By Applications, By Delivery Mode
The North America region is anticipated to have the highest market share in the Health Tech Market.
The key players in the market include Companies Covered AirStrip Technologies, Allscripts, Apple Inc., AT&T, Cerner Corporation (Oracle), CISCO Systems Inc, Epic Systems Corporation, Google Inc., HiMS, IBM Corporation, Mqure, McKesson Corporation, Mdlive, Medi Buddy, Medical device as a service (MDAAS), MedPass, Mobicure, Myndtec, NeurNation, Nutrino, Okadoc, Omnia Salud, Pharm Easy, Philip Healthcare, Polycom Inc, Safermom, System Healthcare Solutions, Takalam, TeleMD, UAE’s Mulk, Ubenwa, Welli, Wuru, Xtreme VRI, Yerbo.
The market for digital health throughout the aforementioned forecast period will be an increase in technical development, modernization of the digitization, research and development activities, and demand from emerging economies.
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