Digital Health - North America

North America

The North American Digital Health market is projected to reach a revenue of €48.68bn by 2024.
It is expected to exhibit a compound annual growth rate (CAGR 2024-2029) of 8.09%, resulting in a projected market volume of €71.81bn by 2029.
The average revenue per user (ARPU) is forecasted to be €174.90.
In comparison to other countries, United States is expected to generate the highest revenue in the Digital Health market, amounting to €43,240.00m in 2024.
Additionally, the Digital Treatment & Care market is anticipated to be the largest market, with a total revenue value of €30.65bn in 2024.
In North America's Digital Health market, the trend of telemedicine is rapidly growing, allowing patients to access healthcare remotely.

Key regions: United States, China, Japan, Asia, Europe

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Digital Health market in North America is experiencing rapid growth and innovation across various sub-markets such as digital fitness and well-being, online doctor consultation, and digital treatment and care.

Customer preferences: Consumers in North America are increasingly prioritizing convenience, accessibility, and personalized healthcare solutions. The demand for digital fitness and well-being services is driven by the growing focus on preventive healthcare and the convenience of tracking health metrics through wearable devices. Online doctor consultation services are gaining popularity due to the ease of access to healthcare professionals from the comfort of one's home. Additionally, the digital treatment and care market is witnessing a surge in demand as patients seek remote monitoring and management of chronic conditions.

Trends in the market: In the United States, the digital fitness and well-being market is seeing a rise in virtual fitness classes and personalized wellness apps catering to individual health goals. Online doctor consultation services are becoming more mainstream in Canada, with telemedicine platforms offering a wide range of healthcare services remotely. Mexico is embracing digital treatment and care solutions, with a focus on telehealth platforms for remote patient monitoring and virtual consultations with specialists.

Local special circumstances: North America boasts a well-established healthcare infrastructure and a tech-savvy population, which are driving the adoption of digital health solutions in the region. The regulatory environment in countries like the United States and Canada is conducive to the growth of telemedicine and digital health startups, fostering innovation and competition in the market. Additionally, the cultural shift towards prioritizing health and wellness is fueling the demand for digital health services across North America.

Underlying macroeconomic factors: The increasing healthcare costs in North America are prompting individuals to seek cost-effective alternatives such as digital health solutions for routine medical needs. The aging population in the region is also contributing to the demand for remote healthcare services and chronic disease management tools. Furthermore, the advancements in technology and the availability of high-speed internet are enabling the widespread adoption of digital health platforms in North America.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenues and user data of relevant mobile applications and consumer electronics companies.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, internet penetration, smartphone penetration, consumer spending, and healthcare spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.