North American Digital Health Market revenue to reach $173 Bn by 2027

Published Date: 2021-08-24

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North American Digital Health Market size is projected to cross USD 173 billion by 2027, according to a latest forecast report by Graphical Research.

Telehealth has risen as a critical tool against COVID-19, helping to ease the burden of hospitals and clinics for non-emergency medical cases. Due to pandemic restrictions, the rate of adoption of telehealth was highest among healthcare professions and the people. Moreover, technological advancement, increasing R&D funding, relaxation in government policies, increasing awareness programs, and lower online consultation charges are anticipated to stimulate the market growth.

Government policies and initiatives are major driving factors for the market demand. Many private and public companies are developing innovative medical solutions and the investment in the industry is also heavily flowing. Additionally, potential acquisitions, mergers, and product launches will expand the product portfolio in the market, and it will enable to address the customers’ growing needs. However, medical records are sensitive and private documents, any cyberattack, or security concerns will setback the market during the analysis period.

Health analytics segment will show a significant growth of 15.5% during the forecast period. Health analytics predict future trends by analyzing past and current medical incidences. The insights generated on the micro and macro levels benefits the government and market players to prepare for future disease outbreaks. For instance, the prediction of COVID-19 waves through healthcare analytics has helped many countries to manage medical resources more efficiently, thereby fostering the segmental growth.

Browse detailed statistical insights from the report, “North America Digital Health Market Forecast 2027 By Technology [Tele-healthcare {Telecare (Activity Monitoring, Remote Medication Management), Telehealth (LTC Monitoring, Video Consultation)}, mHealth {Wearables (BP Monitors, Glucose Meter, Pulse Oximeter, Sleep Apnea Monitors, Neurological Monitors), Apps (Medical, Fitness)}, Health Analytics, Digital Health System (EHR, e-prescribing System)], By Component [Hardware, Software, Services], Research Report, Country Outlook (U.S., Canada), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @

The software segment accounted for market share of over 33.4% in 2020. The healthcare organization are emphasizing on the development of healthcare with AI, machine learning, cloud and other technologies. The organization are developing innovative software to provide better healthcare services to its customers and healthcare workers. Various software like electronic health records provide medical history of the patient in the real time which saves healthcare professionals time. Such factors associated with software will spur the segmental growth. Furthermore, the advancement of technology, increasing fitness and medical apps will boost the market growth of digital health in the future

The Canada digital health market is expected to reach USD 14.4 billion by 2027. The high-country growth is attributable to increasing prevalence of chronic disease, increasing number of smartphones users, and advancement in telecommunication sector. Also, growing preference for home care and high geriatric population will drive the demand for digital health solutions. Additionally, increasing adoption of digital health to minimize healthcare costs will further play a pivotal role in the market growth of digital health.

The Digital Health in North American market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027, for the following segments:

North America Market, By Technology

  • Telehealth care
    • Telecare
      • Activity monitoring
      • Remote medication management
    • Telehealth
      • LTC monitoring
      • Video consultation
  • mHealth
    • Wearable
      • BP monitors
      • Glucose meter
      • Pulse oximeter
      • Sleep apnea
      • Monitors
      • Neurological monitors
      • Others
    • Apps
      • Medical
      • Fitness
  • Health analytics
  • Digital health system
    • EHR
    • E-prescribing system

North America Market, By Component

  • Hardware
  • Software
  • Services

The above information has been provided for the following countries:

  • North America
    • U.S.
    • Canada