This statistic displays a projection of the global digital health market in 2013, and a projection for 2017 and 2020, by segment. In 2017, the mobile health market is expected to reach 24.2 billon U.S. dollars worldwide. The digital health market is expected to reach 233.3 billion U.S. dollars by 2020 driven particularly by the mobile health market. The market from the Asia-Pacific region is expected to be a key region in the future.
Global digital health market
The global digital health market was valued at 60.8 billion U.S. dollars in 2013 and is expected to increase to 233.3 billion U.S. dollars by 2020. During this time, the mobile health segment of the industry is expected to generate the second largest revenue share, reaching 55.9 billion U.S. dollars in 2020.
Mobile health is experiencing a growth trend as consumers demand more accessibility to their medical health professionals and transparency in health care becomes more important. However, some hesitation still exists among consumers in regards to the privacy of personal information and the security of data systems. Approximately 33 percent of females reported that they were not at all comfortable sharing self-collected digital information, while about 12 percent of male consumers claimed to be very comfortable. More efficient healthcare expenditures are also important to many consumers, where 43 percent of consumers state that the ability to reduce one’s own health care costs is driving their adoption of mHealth applications and services as of 2012.
China’s market is expected to generate large growths in the overall global market, reaching 125.3 million RMB in 2017. The emergence of the digital health market is expected to increase the potential of big data and analytics and transform the consumer healthcare market.