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Digital Specialist and Chronic Care Market Research Report - Segmentation by Solution Type (On-Premise, Cloud-Based, Web-Based); Service Type (Telehealth and Telemedicine, Remote Monitoring Services, Digital Therapeutics, E-prescription Services, Education Services, Others); Technology (Mobile Health (mHealth), Wearable Devices, Internet of Medical Things (IoMT); Artificial Intelligence and Machine Learning, Big Data Analytics, Blockchain, Others); End Users (Hospitals and Clinics, Home Care Settings, Long-term Care Facilities, Rehabilitation Centers, Health Payers, Health Providers, Others (e.g., governments, employers); and Region - Size, Share, Growth Analysis | Forecast (2023 – 2030)

Digital Specialist and Chronic Care Market Size (2023 - 2030)

The Global Digital Specialist and Chronic Care Market is estimated to be worth USD 7.18 Billion in 2022 and is projected to reach a value of USD 24.03 Billion by 2030, growing at a CAGR of 16.3% during the forecast period 2023-2030.

Digital Specialist and Chronic Care Market Size

Digital specialist and chronic care solutions are a broad category that encompasses various areas, including mobile health (mHealth), telemedicine and telehealth, wearable devices, digital therapeutics, and e-prescription services. Digital technology has transformed the healthcare business, from mobile medical apps and tools that aid clinical decision-making to the integration of artificial intelligence and machine learning in digital specialist and chronic care technologies and services. Digital specialist and chronic care solutions have the potential to improve disease diagnosis and treatment accuracy, as well as enhance personalized healthcare delivery. These technologies and services utilize computing platforms, software, connectivity, and sensors for health-related purposes, spanning a wide range of applications from general wellness to medical products, including companion diagnostics, medical devices, drugs, and biologics. They can also be used to develop or research medical products.

Digital tools are changing the way healthcare practitioners think about patient health by giving them access to vital data and allowing patients more control over their own health. Taking advantage of such digital specialist and chronic care solutions stands to drastically improve healthcare outcomes and efficiency. These innovative technologies empower people to make informed decisions about health, aiding in the prevention and early detection of illness, and allowing for quality management of chronic conditions beyond traditional clinical settings. For both healthcare providers and stakeholders alike, digital specialist and chronic care technologies are being utilized to reduce inefficiencies, increase access, decrease costs, assure quality, and provide personalized medical treatment to patients. Smartphones, social networks, and various internet applications allow patients to monitor and observe their health and well-being.

Global Digital Specialist and Chronic Care Market Drivers:

The rising incidence of chronic diseases is fueling the growth of the global digital specialist and chronic care market.

Globally, the prevalence of chronic diseases like diabetes, hypertension, heart disease, arthritis, and obesity is increasing. Digital specialist and chronic care services, such as telemedicine, telehealth, remote patient monitoring, and digital therapeutics, are useful and cost-effective ways to monitor patients with chronic conditions. Patients can be given home monitoring devices to keep a daily log of their vital signs, such as blood pressure measurements, blood glucose levels, and pulse or heart rate. Health practitioners will greatly benefit from this kind of access in controlling the health of their patients and acting quickly in the event of any medical emergencies. Therefore, this factor drives the demand for digital specialist and chronic care solutions.

The improved access to healthcare services in remote areas is another factor contributing to the growth of the global digital specialist and chronic care market.

In certain geographically distant and remote locations, or after a natural disaster, accessing consistent healthcare services is a challenge. However, with the advent of digital specialist and chronic care technologies and services, such as telehealth and telemedicine, remote patient monitoring, mHealth, etc., emergency medical care can be provided. This innovative technology is particularly useful for patients living in remote locations that are difficult to access. Instead of having to undertake a strenuous journey to reach a hospital, digital specialist and chronic care solutions allow patients to receive clinical healthcare services from the comfort of their own homes. Indeed, this technology has been an invaluable resource for individuals who would otherwise not have access to medical care. Therefore, this factor also drives the demand for digital specialist and chronic care solutions.

Global Digital Specialist and Chronic Care Market Challenges:

The global digital specialist and chronic care market is encountering challenges, primarily in terms of building trusting relationships with patients and technical limitations. Establishing and sustaining connections with patients can be a challenge when healthcare providers offer remote consultations. Digital specialist and chronic care services may be convenient, but they may not be the appropriate option for all types of patients - especially for new patients who do not have prior experience with the medical practice of the doctor. Moreover, collecting and sorting patient records can pose a difficulty as they cannot always be exchanged among different medical practices. For digital specialist and chronic care services to be successfully implemented, there must be certain requirements fulfilled - reliable internet connection for both healthcare provider and patient, and access to specialized healthcare devices for remote patient monitoring. Many patients may not be familiar with the technical elements of the smartphone applications and software that healthcare professionals employ. Thus, these challenges inhibit the growth of the global digital specialist and chronic care market.

Global Digital Specialist and Chronic Care Market Opportunities:

Technology advancements present a lucrative opportunity in the global digital specialist and chronic care market. Given the rising demand for digital specialist and chronic care technologies and services owing to improved access to healthcare, enhanced patient engagement, improved patient outcomes, and reduced patient expenses, businesses specializing in the provision of digital specialist and chronic care technologies and services can stand to gain significantly from this opportunity by integrating artificial intelligence (AI), machine learning (ML) in digital specialist and chronic care technologies and services, and enhanced sensor technology in healthcare devices, which will allow for capturing more precise and comprehensive health data and will enable the delivery of more personalized and specific insights and recommendations based on patient's health data. This could potentially result in more accurate diagnoses, early detection of health issues, and better treatment recommendations. This development will help companies to increase their customer base and boost their overall revenue.

COVID-19 Impact on the Global Digital Specialist and Chronic Care Market:

The outbreak of the COVID-19 pandemic substantially impacted the global digital specialist and chronic care market. The pandemic caused disruptions in supply chains and distribution of goods and services, which highly the deployment of digital specialist and chronic care services and technologies. This factor negatively impacted the growth of the global digital specialist and chronic care market. However, as patients sought ways to monitor their health from home and communicate with healthcare practitioners remotely, the pandemic accelerated the adoption of digital specialist and chronic care services and technologies like telehealth, telemedicine, remote patient monitoring, and mHealth. For instance, remote monitoring of chronic illnesses using connected telehealth devices helped to prevent disease exacerbations and reduce the need for in-person visits. This factor positively impacted the market's growth. Therefore, the global digital specialist and chronic care market experienced both challenges and opportunities during the difficult time of the COVID-19 pandemic.

Global Digital Specialist and Chronic Care Market Recent Developments:

  • In May 2023, Siemens Healthineers AG, a Germany-based medical device company, unveiled its partnership with Scorpio Labs, an Israel-based company providing digital cell morphology imaging and AI solutions for hematology microscopy and diagnostics, to distribute its full-field digital cell morphology technology. The technology will allow lab technicians to examine patient blood cell samples digitally, using the Scopio X100 and Scopio X100HT imaging platforms. 
  • In February 2023, GE HealthCare Technologies Inc., a US-based multinational medical technology company, signed an agreement with My Clinic, one of the largest outpatient service providers in Saudi Arabia. GE HealthCare will provide My Clinic's upcoming facility in Riyadh with a range of high-tech precision diagnostic and imaging solutions.
  • In April 2020, Omron Healthcare, Inc., a Japan-based global leader in personal heart health and wellness technology, and AliveCor, a US-based medical device and AI company, unveiled a global, strategic partnership that combines AliveCor's ECG technology with OMRON's industry-leading blood pressure devices, with the goal of providing better service to customers and increasing access to remote patient care. 

DIGITAL SPECIALIST AND CHRONIC CARE MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 - 2030

Base Year

2022

Forecast Period

2023 - 2030

CAGR

16.3%

Segments Covered

By Solution Type, Service Type, Technology, End Users, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regional Scope

North America, Europe, APAC, Latin America, Middle East & Africa

Key Companies Profiled

GE HealthCare (United States), Koninklijke Philips N.V (Netherlands), Omron Healthcare Inc. (Japan), McKesson Corporation (United States), Siemens Healthineers AG (Germany), iHealth Labs, Inc. (United States), Medtronic plc (Ireland), AirStrip Technologies (United States), Teladoc Health, Inc. (United States), Dexcom, Inc. (United States)

Global Digital Specialist and Chronic Care Market Segmentation:

Global Digital Specialist and Chronic Care Market Segmentation: By Solution Type

  • On-Premise
  • Cloud-Based
  • Web-Based

In 2022, the cloud-based segment held the highest market share. The growth can be attributed to the rising adoption of cloud-based applications by healthcare practitioners and patients and the introduction of technologically advanced solutions. Cloud-based platforms provide easy data accessibility, large storage availability, data-sharing capabilities, scalability, and the utmost data security. It is less expensive than on-site data centers and far more secure than storing data on personal computers. 

Global Digital Specialist and Chronic Care Market Segmentation: By Service Type

  • Telehealth and Telemedicine
  • Remote Monitoring Services
  • Digital Therapeutics
  • E-prescription Services
  • Education Service
  • Others

In 2022, the telehealth and telemedicine segment held the highest market share. The growth can be attributed to the growing popularity of telehealth and telemedicine services owing to the latest advancements in communication technologies, computer science, informatics, and medical technologies. Telehealth and telemedicine services are the delivery of healthcare services via communication technologies, which allows healthcare providers and patients to communicate remotely. These services can benefit patients who are unable to receive conventional in-person healthcare treatments due to location, mobility, or time constraints. Telehealth and telemedicine services are frequently associated with the use of healthcare devices that record data, such as blood pressure and heart rate, which are then sent electronically to healthcare experts for remote monitoring. 

Global Digital Specialist and Chronic Care Market Segmentation: By Technology

  • Mobile Health (mHealth)
  • Wearable Devices
  • Internet of Medical Things (IoMT)
  • Electronic Health Records (EHR)
  • Artificial Intelligence and Machine Learning
  • Big Data Analytics
  • Blockchain
  • Others

In 2022, the mobile health (mHealth) segment held the highest market share. The growth can be attributed to the widespread utilization of mobile technology in developed and developing nations. mHealth is the practice of medicine and health care over smartphones, tablets, laptops, smart wearables, and medical devices. In underdeveloped countries, mHealth technologies aim to quickly gather information for diagnosing illnesses, keeping track of disease outbreaks, and sharing important health information in a timely manner. In remote areas where doctors and nurses may not be present to provide treatment, mobile health (mHealth) is especially significant. In these remote areas, mHealth technology allows healthcare professionals to access important information promptly about how to manage diseases. Additionally, they can share useful health information with their colleagues, which can be acted upon quickly.

Global Digital Specialist and Chronic Care Market Segmentation: By End Users

  • Hospitals and Clinics
  • Home Care Settings
  • Long-term Care Facilities
  • Rehabilitation Centers
  • Health Payers
  • Health Providers
  • Others (e.g., governments, employers)

In 2022, the healthcare providers segment held the highest market share. The growth can be attributed to the rising adoption of digital specialist and chronic care services, including telemedicine and telehealth, remote monitoring services, digital therapeutics, and e-prescription services, among healthcare providers to lower the burden on healthcare facilities. Digital specialist and chronic care services enhance the convenience of healthcare providers by allowing them to access patient health records quickly and easily, as well as offer real-time quality reporting, improved data management, and improved decision-making.

Global Digital Specialist and Chronic Care Market Segmentation: By Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

The region of North America held the largest share of the global digital specialist and chronic care market in the year 2022. The rising incidence of chronic diseases, including cardiovascular diseases, diabetes, neurological disorders, hypertension, obesity, and other diseases, the presence of well-established healthcare industries in nations, such as the United States and Canada, and the early and wide adoption of advanced healthcare technologies and services, including mHealth, telehealth and telemedicine, remote patient monitoring, etc., are some of the factors propelling the region's growth. Additionally, North America is home to several significant market players, including GE HealthCare, McKesson Corporation, iHealth Labs, Inc., AirStrip Technologies, and Teladoc Health, Inc.

The region of Asia-Pacific is anticipated to expand at the quickest rate over the forecast period owing to the increasing prevalence of chronic conditions, the growing technological advancements in healthcare industries of nations, such as China, India, and Japan, the increasing internet penetration, and the rising adoption of mobile devices, including smartphones, tablets, laptops, and wearable devices.

Global Digital Specialist and Chronic Care Market Key Players:

  1. GE HealthCare (United States)
  2. Koninklijke Philips N.V (Netherlands)
  3. Omron Healthcare Inc. (Japan)
  4. McKesson Corporation (United States)
  5. Siemens Healthineers AG (Germany)
  6. iHealth Labs, Inc. (United States)
  7. Medtronic plc (Ireland)
  8. AirStrip Technologies (United States)
  9. Teladoc Health, Inc. (United States)
  10. Dexcom, Inc. (United States)

 

Chapter 1. DIGITAL SPECIALIST AND CHRONIC CARE   MARKET – Scope & Methodology

1.1. Market Segmentation

1.2. Assumptions

1.3. Research Methodology

1.4. Primary Sources

1.5. Secondary Sources

Chapter 2. DIGITAL SPECIALIST AND CHRONIC CARE   MARKET – Executive Summary

2.1. Market Size & Forecast – (2023 – 2030) ($M/$Bn)

2.2. Key Trends & Insights  

2.3. COVID-19 Impact Analysis

      2.3.1. Impact during 2023 – 2030

      2.3.2. Impact on Supply – Demand

Chapter 3. DIGITAL SPECIALIST AND CHRONIC CARE   MARKET – Competition Scenario

3.1. Market Share Analysis

3.2. Product Benchmarking

3.3. Competitive Strategy & Development Scenario

3.4. Competitive Pricing Analysis

3.5. Supplier - Distributor Analysis

Chapter 4. DIGITAL SPECIALIST AND CHRONIC CARE   MARK ET - Entry Scenario

4.1. Case Studies – Start-up/Thriving Companies

4.2. Regulatory Scenario - By Region

4.3 Customer Analysis

4.4. Porter's Five Force Model

       4.4.1. Bargaining Power of Suppliers

       4.4.2. Bargaining Powers of Customers

       4.4.3. Threat of New Entrants

       4.4.4. Rivalry among Existing Players

       4.4.5. Threat of Substitutes

Chapter 5. DIGITAL SPECIALIST AND CHRONIC CARE   MARKET - Landscape

5.1. Value Chain Analysis – Key Stakeholders Impact Analysis

5.2. Market Drivers

5.3. Market Restraints/Challenges

5.4. Market Opportunities

Chapter 6. DIGITAL SPECIALIST AND CHRONIC CARE   MARKET – By Solution Type

6.1 On-Premise

6.2. Cloud-Based

6.3. Web-Based

Chapter 7. DIGITAL SPECIALIST AND CHRONIC CARE   MARKET – By Service Type

7.1. Telehealth and Telemedicine

7.2. Remote Monitoring Services

7.3. Digital Therapeutics

7.4. E-prescription Services

7.5. Education Service

7.6. Others

Chapter 8. DIGITAL SPECIALIST AND CHRONIC CARE   MARKET – By Technology

8.1 Mobile Health (mHealth)

8.2. Wearable Devices

8.3. Internet of Medical Things (IoMT)

8.4. Electronic Health Records (EHR)

8.5. Artificial Intelligence and Machine Learning

8.6. Big Data Analytics

8.7. Blockchain

8.8. Others

Chapter 9. DIGITAL SPECIALIST AND CHRONIC CARE   MARKET –By End-User

9.1 Hospitals and Clinics

9.2. Home Care Settings

9.3. Long-term Care Facilities

9.4. Rehabilitation Centers

9.5. Health Payers

9.6. Health Providers

9.7. Others (e.g., governments, employers)

Chapter 10. DIGITAL SPECIALIST AND CHRONIC CARE   MARKET – By Region

10.1. North America

10.2. Europe

10.3.The Asia Pacific

10.4.Latin America

10.5. Middle-East and Africa

Chapter 11. DIGITAL SPECIALIST AND CHRONIC CARE   MARKET– Company Profiles – (Overview, Product Portfolio, Financials, Developments)

11.1. GE HealthCare (United States)

11.2. Koninklijke Philips N.V (Netherlands)

11.3. Omron Healthcare Inc. (Japan)

11.4. McKesson Corporation (United States)

11.5. Siemens Healthineers AG (Germany)

11.6. iHealth Labs, Inc. (United States)

11.7. Medtronic plc (Ireland)

11.8. AirStrip Technologies (United States)

11.9. Teladoc Health, Inc. (United States)

11.10. Dexcom, Inc. (United States)

 

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Frequently Asked Questions

The Global Digital Specialist and Chronic Care Market is estimated to be worth USD 7.18 Billion in 2022 and is projected to reach a value of USD 24.03 Billion by 2030, growing at a CAGR of 16.3% during the forecast period 2023-2030

The Global Digital Specialist and Chronic Care Market Drivers are the Rising Incidence of Chronic Diseases and the Improved Access to Healthcare Services in Remote Areas

Based on the Solution Type, the Global Digital Specialist and Chronic Care Market is segmented into On-premise, Cloud-based, and Web-based

The United States is the most dominating country in the region of North America for the Global Digital Specialist and Chronic Care Market.

GE HealthCare, Koninklijke Philips N.V., and Omron Healthcare Inc. are the leading players in the Global Digital Specialist and Chronic Care Market

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