Germany Digital Health Market Size, Share, and COVID-19 Impact Analysis, By Technology (Tele-healthcare, mHealth), By Component (Hardware, Software, Services), By Application (Obesity, Diabetes, Cardiovascular, Respiratory Diseases, Others), By End-use (Patients, Providers, Payers, Other Buyers), and Germany Digital Health Market Insights, Industry Trend, Forecasts to 2033

Industry: Healthcare

RELEASE DATE Mar 2024
REPORT ID SI3990
PAGES 200
REPORT FORMAT PathSoft

Germany Digital Health Market Insights Forecasts to 2033

  • The Germany Digital Health Market Size was valued at USD 7.87 Billion in 2023.
  • The Market Size is Growing at a CAGR of 15.30% from 2023 to 2033
  • The Germany Digital Health Market Size is expected to reach USD 32.69 Billion by 2033

 

Germany Digital Health Market

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The Germany Digital Health Market Size is anticipated to exceed USD 32.69 Billion by 2033, growing at a CAGR of 15.30% from 2023 to 2033. The digital health market is expanding due to smartphone penetration and internet connectivity, enabling advanced mobile applications for tracking daily activities, providing high-quality healthcare, and addressing chronic diseases are driving the growth of the digital health market in Germany.    

 

Market Overview

Digital health is an emerging field of study, which includes the use of digital technologies in healthcare. Wearable technology, telehealth and telemedicine, mobile health (mHealth), health information technology (IT), and personalized medicine are all examples of digital health applications. For providing healthcare services, digital care solutions use a variety of computing platforms, networking software, and sensors. Digital health technologies are used in a broad range of applications, such as general wellness and medical equipment. They are also used in medical diagnosis, drug development, and medical device development. Wearable devices include pain management, rehabilitation, respiratory therapy, and insulin pumps. Telecommunications advancements such as the introduction of 3G, 4G, and 5G networks, have begun to develop large amounts of bandwidth, boosting the adoption of digital solutions in the healthcare industry and driving market growth. These crucial market-driving factors are propelling the digital healthcare market along at a rapid rate. The digital healthcare solutions market is expanding due to increased investment in various mHealth expands and a growing tendency toward preventative healthcare leads to the boosting of the Germany digital health market during the forecast period.

 

Report Coverage

This research report categorizes the market for the Germany digital health market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the lip care products market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the lip care products market.

 

Germany Digital Health Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 7.87 Billion
Forecast Period:2023 - 2033
Forecast Period CAGR 2023 - 2033 :15.30%
2033 Value Projection:USD 32.69 Billion
Historical Data for:2019 - 2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Technology, By Component, By Application, By End-use.
Companies covered:: ada health, TeleClinic, Mimi Hearing Technologies, Heartbeat Labs, Cliq Digital, Patient Journey App, MyTherapy, Temedica, Medlanes, Fernarzt, Mika, Vivy, Heartbeat Labs, Merantix Healthcare, and Others
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

The market is growing because of increased smartphone penetration and enhanced internet connectivity. Smartphones are now fitness monitoring, communication, and entertainment devices. Digital health market participants are developing advanced mobile applications to track daily activities such as fitness, exercise, nutrition, and well-being, ensuring that consumers get high-quality healthcare and comfort. Rapidly changing healthcare IT infrastructure in industrialized nations. Chronic diseases are becoming increasingly prevalent, necessitating long-term care and patient monitoring. Hence, these factors are significant growth of the Germany digital health market during the forecast period.

 

Restraining Factors

Digital health solutions are expensive, making implementation challenging for small and medium-sized healthcare organizations due to network deployment challenges, limited wireless connectivity, and security measures.

 

Market Segmentation

The Germany digital health market share is classified into technology, component, application, and end-use.

 

  • The mHealth segment is expected to hold a significant share of the Germany digital health market during the forecast period.   

The Germany digital health market is segmented by technology into tele-healthcare and mHealth. Among these, the mHealth segment is expected to hold a significant share of the Germany digital health market during the forecast period. The segmental growth can be attributed to the expected to be driven by increase mobile healthcare applications for tracking patients, managing drugs, controlling diseases, women's health, fitness and wellness, and maintaining personal health records. Increasing in smartphone users and mHealth apps for wellness, health, and medical applications.

 

  • The software segment is expected to hold the largest share of the Germany digital health market during the forecast period.       

Based on the component, the Germany digital health market is divided into hardware, software, and services. Among these, the software segment is expected to hold the largest share of the Germany digital health market during the forecast period. The segmental growth can be attributed to the flexibility, cost-effectiveness, ease of use, and innovation enabling simple updates, lower costs, and enhanced healthcare delivery. The expansion of companies providing teleconsultation services supports the growth of this segment.

 

  • The cardiovascular segment is expected to hold the largest share of the Germany digital health market during the forecast period.       

Based on the application, the Germany digital health market is divided into obesity, diabetes, cardiovascular, respiratory diseases, and others. Among these, the cardiovascular segment is expected to hold the largest share of the Germany digital health market during the forecast period. The segmental growth can be attributed to the increasing prevalence of lifestyle-related disorders that lead to heart disease, prevention and recovery have emerged as the primary focuses that extend beyond treatment and diagnosis. Innovations in digital healthcare technologies have increased demand for individualized monitoring services and solutions in the cardiology domain.

 

  • The patient segment is expected to hold the largest share of the Germany digital health market during the forecast period.       

Based on the end-use, the Germany digital health market is divided into patients, providers, payers, and other buyers. Among these, the patient segment is expected to hold the largest share of the Germany digital health market during the forecast period. The segmental growth can be attributed to the digital health market in Germany is experiencing significant shifts toward patient-centered care and increased awareness among individuals about controlling their health. This trend is driven by a variety of causes, including an aging population, increased healthcare expenses, and technological advances. The German government's initiatives to encourage patient-centered care, combined with an increasing demand for remote patient monitoring, are supporting the expansion of Germany's digital health market.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Germany digital health market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • ada health
  • TeleClinic
  • Mimi Hearing Technologies
  • Heartbeat Labs
  • Cliq Digital
  • Patient Journey App
  • MyTherapy
  • Temedica
  • Medlanes
  • Fernarzt
  • Mika
  • Vivy
  • Heartbeat Labs
  • Merantix Healthcare
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In May 2023, Merantix healthcare digital health cocktail hour, has the potential to dramatically improve patient outcomes and accelerate scientific advancements, amongst others. From using language models in drug research and development to offering decision support in medical diagnostics, we are seeing a fundamental shift in many healthcare and life sciences sectors.

 

  • In March 2024, Merantix Healthcare announced the digital health and the digitalization of the healthcare system have already made lots of positive changes and opened up new possibilities, for example in the form of telemedicine and digital health apps, artificial intelligence is now the disruptive technology significantly shaped and advanced the healthcare industry.

 

Market Segment

This study forecasts revenue at Germany, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany digital health market based on the below-mentioned segments:

 

Germany Digital Health Market, By Technology

  • Tele-healthcare
  • mHealth

 

Germany Digital Health Market, By Component

  • Hardware
  • Software
  • Services

 

Germany Digital Health Market, By Application

  • Obesity
  • Diabetes
  • Cardiovascular
  • Respiratory Diseases
  • Others

 

Germany Digital Health Market, By End-use

  • Patients
  • Providers
  • Payers
  • Other Buyers

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