HealthTech Market
Description
HealthTech uses technology to provide better care for patients and enhance the delivery of health services. The HealthTech industry uses different innovative technologies to automation capabilities that revolutionize healthcare delivery and reduce operational costs. Healthcare workers use AI-based chatbots to monitor mental health support.
Rise in health awareness and preventive care and surge in aging population positively impacts the growth of the market. There is an increase in demand for digital health technologies like health apps, wearables, and fitness trackers to enable proactive health monitoring and management. Moreover, rise in adoption of HealthTech solutions for management of chronic diseases like heart disease, diabetes, etc., promotes long-term well-being. These factors drive the growth of the market.
However, high cost of deployment of digital health solutions limits the growth of the HealthTech market. Small-sized healthcare organizations hesitate to adopt digital technologies due to the associated cost for software, training and infrastructure. Also, they need to invest in skilled labor for the usage of digital health solutions. This factor limits the growth of the market.
Nevertheless, advancements in digital health technologies that help improve patient care and reduce cost are projected to be opportunistic for the market growth. In addition, usage of AI algorithms to predict outcomes and enable faster diagnosis is projected to boost the
Segment Review
The HealthTech market is segmented into component, end users, technology, and region. By component, the market is categorized into hardware, software, and services. The software segment is further sub-segmented in deployment mode that is on-premise and cloud. As per end users, the market is divided into healthcare institutions and consumers. Depending on technology, the market is classified into healthcare e-commerce, healthcare IT, wearable, mHealth, telemedicine, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Recent Developments
in the HealthTech Market
In December 2024, Reliance Industries, through its subsidiary Reliance Strategic Business Ventures Limited (RSBVL), infused $24.26 million to settle Karkinos Healthcare's debts, following NCLT's approval of its resolution plan.
In July 2024, Samsung Electronics launched the Galaxy Watch7 and Galaxy Watch Ultra, expanding Galaxy AI's capabilities to enhance digital wellness.
In October 2024, sehatUP launched India's first integrated digital health clinic, combining modern medicine, Ayurveda, and Homeopathy for personalized healthcare.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the HealthTech market analysis from 2023 to 2033 to identify the prevailing HealthTech market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the HealthTech market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global HealthTech market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
Hardware
Software
Deployment
On-Premise
Cloud
Services
By End User
Healthcare Institutions
Consumers
By Technology
Wearable
mHealth
Telemedicine
Others
Healthcare E-commerce
Healthcare IT
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Siemens Healthineers AG
Stratasys
Materialise
ZS Associates, Inc.
Apple
Intuitive Surgical
Koninklijke Philips N.V.
Medtronic
Tempus AI, Inc.
Stryker
EPIC Systems Corporation
Novo Nordisk A/S
Alphabet
OMRON Healthcare, Inc.
GRAIL, Inc.
Tebra Technologies, Inc.The research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Rise in health awareness and preventive care and surge in aging population positively impacts the growth of the market. There is an increase in demand for digital health technologies like health apps, wearables, and fitness trackers to enable proactive health monitoring and management. Moreover, rise in adoption of HealthTech solutions for management of chronic diseases like heart disease, diabetes, etc., promotes long-term well-being. These factors drive the growth of the market.
However, high cost of deployment of digital health solutions limits the growth of the HealthTech market. Small-sized healthcare organizations hesitate to adopt digital technologies due to the associated cost for software, training and infrastructure. Also, they need to invest in skilled labor for the usage of digital health solutions. This factor limits the growth of the market.
Nevertheless, advancements in digital health technologies that help improve patient care and reduce cost are projected to be opportunistic for the market growth. In addition, usage of AI algorithms to predict outcomes and enable faster diagnosis is projected to boost the
Segment Review
The HealthTech market is segmented into component, end users, technology, and region. By component, the market is categorized into hardware, software, and services. The software segment is further sub-segmented in deployment mode that is on-premise and cloud. As per end users, the market is divided into healthcare institutions and consumers. Depending on technology, the market is classified into healthcare e-commerce, healthcare IT, wearable, mHealth, telemedicine, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Recent Developments
in the HealthTech Market
In December 2024, Reliance Industries, through its subsidiary Reliance Strategic Business Ventures Limited (RSBVL), infused $24.26 million to settle Karkinos Healthcare's debts, following NCLT's approval of its resolution plan.
In July 2024, Samsung Electronics launched the Galaxy Watch7 and Galaxy Watch Ultra, expanding Galaxy AI's capabilities to enhance digital wellness.
In October 2024, sehatUP launched India's first integrated digital health clinic, combining modern medicine, Ayurveda, and Homeopathy for personalized healthcare.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the HealthTech market analysis from 2023 to 2033 to identify the prevailing HealthTech market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the HealthTech market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global HealthTech market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
Hardware
Software
Deployment
On-Premise
Cloud
Services
By End User
Healthcare Institutions
Consumers
By Technology
Wearable
mHealth
Telemedicine
Others
Healthcare E-commerce
Healthcare IT
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Siemens Healthineers AG
Stratasys
Materialise
ZS Associates, Inc.
Apple
Intuitive Surgical
Koninklijke Philips N.V.
Medtronic
Tempus AI, Inc.
Stryker
EPIC Systems Corporation
Novo Nordisk A/S
Alphabet
OMRON Healthcare, Inc.
GRAIL, Inc.
Tebra Technologies, Inc.The research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Table of Contents
250 Pages
- CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
- CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO perspective
- CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter’s five forces analysis
- 3.3.1. Moderate to high intensity of rivalry
- 3.3.2. Moderate bargaining power of suppliers
- 3.3.3. Moderate to high bargaining power of buyers
- 3.3.4. Moderate to high threat of new entrants
- 3.3.5. High threat of substitutes
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Rising health awareness and preventive care
- 3.4.1.2. Increasing penetration of smartphones, tablets, and other mobile platforms
- 3.4.1.3. Government initiatives and policy support
- 3.4.2. Restraints
- 3.4.2.1. High cost of deployment of digital health solutions
- 3.4.2.2. Privacy concerns regarding patient data
- 3.4.3. Opportunities
- 3.4.3.1. Adoption of digital health technologies
- CHAPTER 4: HEALTHTECH MARKET, BY COMPONENT
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Hardware
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Software
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.3.4. Software HealthTech Market by Deployment
- 4.3.4.1. On-Premise Market size and forecast, by region
- 4.3.4.2. On-Premise Market size and forecast, by country
- 4.3.4.3. Cloud Market size and forecast, by region
- 4.3.4.4. Cloud Market size and forecast, by country
- 4.4. Services
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- CHAPTER 5: HEALTHTECH MARKET, BY END USER
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Healthcare Institutions
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Consumers
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- CHAPTER 6: HEALTHTECH MARKET, BY TECHNOLOGY
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Healthcare E-commerce
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Healthcare IT
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Wearable
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. mHealth
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Telemedicine
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
- 6.7. Others
- 6.7.1. Key market trends, growth factors and opportunities
- 6.7.2. Market size and forecast, by region
- 6.7.3. Market share analysis by country
- CHAPTER 7: HEALTHTECH MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Component
- 7.2.2.1. North America Software HealthTech Market by Deployment
- 7.2.3. Market size and forecast, by End User
- 7.2.4. Market size and forecast, by Technology
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Component
- 7.2.5.1.1.1. U.S. Software HealthTech Market by Deployment
- 7.2.5.1.2. Market size and forecast, by End User
- 7.2.5.1.3. Market size and forecast, by Technology
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Component
- 7.2.5.2.1.1. Canada Software HealthTech Market by Deployment
- 7.2.5.2.2. Market size and forecast, by End User
- 7.2.5.2.3. Market size and forecast, by Technology
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Component
- 7.3.2.1. Europe Software HealthTech Market by Deployment
- 7.3.3. Market size and forecast, by End User
- 7.3.4. Market size and forecast, by Technology
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. UK
- 7.3.5.1.1. Market size and forecast, by Component
- 7.3.5.1.1.1. UK Software HealthTech Market by Deployment
- 7.3.5.1.2. Market size and forecast, by End User
- 7.3.5.1.3. Market size and forecast, by Technology
- 7.3.5.2. Germany
- 7.3.5.2.1. Market size and forecast, by Component
- 7.3.5.2.1.1. Germany Software HealthTech Market by Deployment
- 7.3.5.2.2. Market size and forecast, by End User
- 7.3.5.2.3. Market size and forecast, by Technology
- 7.3.5.3. France
- 7.3.5.3.1. Market size and forecast, by Component
- 7.3.5.3.1.1. France Software HealthTech Market by Deployment
- 7.3.5.3.2. Market size and forecast, by End User
- 7.3.5.3.3. Market size and forecast, by Technology
- 7.3.5.4. Italy
- 7.3.5.4.1. Market size and forecast, by Component
- 7.3.5.4.1.1. Italy Software HealthTech Market by Deployment
- 7.3.5.4.2. Market size and forecast, by End User
- 7.3.5.4.3. Market size and forecast, by Technology
- 7.3.5.5. Spain
- 7.3.5.5.1. Market size and forecast, by Component
- 7.3.5.5.1.1. Spain Software HealthTech Market by Deployment
- 7.3.5.5.2. Market size and forecast, by End User
- 7.3.5.5.3. Market size and forecast, by Technology
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Market size and forecast, by Component
- 7.3.5.6.1.1. Rest of Europe Software HealthTech Market by Deployment
- 7.3.5.6.2. Market size and forecast, by End User
- 7.3.5.6.3. Market size and forecast, by Technology
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Component
- 7.4.2.1. Asia-Pacific Software HealthTech Market by Deployment
- 7.4.3. Market size and forecast, by End User
- 7.4.4. Market size and forecast, by Technology
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Component
- 7.4.5.1.1.1. China Software HealthTech Market by Deployment
- 7.4.5.1.2. Market size and forecast, by End User
- 7.4.5.1.3. Market size and forecast, by Technology
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Component
- 7.4.5.2.1.1. Japan Software HealthTech Market by Deployment
- 7.4.5.2.2. Market size and forecast, by End User
- 7.4.5.2.3. Market size and forecast, by Technology
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Component
- 7.4.5.3.1.1. India Software HealthTech Market by Deployment
- 7.4.5.3.2. Market size and forecast, by End User
- 7.4.5.3.3. Market size and forecast, by Technology
- 7.4.5.4. Australia
- 7.4.5.4.1. Market size and forecast, by Component
- 7.4.5.4.1.1. Australia Software HealthTech Market by Deployment
- 7.4.5.4.2. Market size and forecast, by End User
- 7.4.5.4.3. Market size and forecast, by Technology
- 7.4.5.5. South Korea
- 7.4.5.5.1. Market size and forecast, by Component
- 7.4.5.5.1.1. South Korea Software HealthTech Market by Deployment
- 7.4.5.5.2. Market size and forecast, by End User
- 7.4.5.5.3. Market size and forecast, by Technology
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Market size and forecast, by Component
- 7.4.5.6.1.1. Rest of Asia-Pacific Software HealthTech Market by Deployment
- 7.4.5.6.2. Market size and forecast, by End User
- 7.4.5.6.3. Market size and forecast, by Technology
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Component
- 7.5.2.1. LAMEA Software HealthTech Market by Deployment
- 7.5.3. Market size and forecast, by End User
- 7.5.4. Market size and forecast, by Technology
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Market size and forecast, by Component
- 7.5.5.1.1.1. Latin America Software HealthTech Market by Deployment
- 7.5.5.1.2. Market size and forecast, by End User
- 7.5.5.1.3. Market size and forecast, by Technology
- 7.5.5.2. Middle East
- 7.5.5.2.1. Market size and forecast, by Component
- 7.5.5.2.1.1. Middle East Software HealthTech Market by Deployment
- 7.5.5.2.2. Market size and forecast, by End User
- 7.5.5.2.3. Market size and forecast, by Technology
- 7.5.5.3. Africa
- 7.5.5.3.1. Market size and forecast, by Component
- 7.5.5.3.1.1. Africa Software HealthTech Market by Deployment
- 7.5.5.3.2. Market size and forecast, by End User
- 7.5.5.3.3. Market size and forecast, by Technology
- CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2023
- CHAPTER 9: COMPANY PROFILES
- 9.1. Siemens Healthineers AG
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. Koninklijke Philips N.V.
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
- 9.3. OMRON Healthcare, Inc.
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Key strategic moves and developments
- 9.4. Medtronic
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. EPIC Systems Corporation
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Key strategic moves and developments
- 9.6. Stryker
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
- 9.7. Intuitive Surgical
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
- 9.8. Stratasys
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
- 9.9. Materialise
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
- 9.10. Tebra Technologies, Inc.
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Key strategic moves and developments
- 9.11. Novo Nordisk A/S
- 9.11.1. Company overview
- 9.11.2. Key executives
- 9.11.3. Company snapshot
- 9.11.4. Operating business segments
- 9.11.5. Product portfolio
- 9.11.6. Business performance
- 9.11.7. Key strategic moves and developments
- 9.12. GRAIL, Inc.
- 9.12.1. Company overview
- 9.12.2. Key executives
- 9.12.3. Company snapshot
- 9.12.4. Operating business segments
- 9.12.5. Product portfolio
- 9.12.6. Business performance
- 9.12.7. Key strategic moves and developments
- 9.13. Tempus AI, Inc.
- 9.13.1. Company overview
- 9.13.2. Key executives
- 9.13.3. Company snapshot
- 9.13.4. Operating business segments
- 9.13.5. Product portfolio
- 9.13.6. Business performance
- 9.13.7. Key strategic moves and developments
- 9.14. ZS Associates, Inc.
- 9.14.1. Company overview
- 9.14.2. Key executives
- 9.14.3. Company snapshot
- 9.14.4. Operating business segments
- 9.14.5. Product portfolio
- 9.14.6. Key strategic moves and developments
- 9.15. Apple
- 9.15.1. Company overview
- 9.15.2. Key executives
- 9.15.3. Company snapshot
- 9.15.4. Operating business segments
- 9.15.5. Product portfolio
- 9.15.6. Business performance
- 9.15.7. Key strategic moves and developments
- 9.16. Alphabet
- 9.16.1. Company overview
- 9.16.2. Key executives
- 9.16.3. Company snapshot
- 9.16.4. Operating business segments
- 9.16.5. Product portfolio
- 9.16.6. Business performance
- 9.16.7. Key strategic moves and developments
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
