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Global Digital Health Outlook 2023
Staff Shortage and Workflow Efficiency Solutions Will Lead to Transformational Growth of Digital Health
11-Apr-2023
North America
Market Outlook
K8B6-01-00-00-00
HC03654-NA-MO_27567
Frost & Sullivan defines digital health as data application for healthcare delivery using computational and telecommunication technologies to support business process workflow, clinical workflow, and patient data management. Digital health aims to achieve better patient outcomes while improving efficiency and containing costs through provider and payer transformation and more robust patient engagement. It has grown consistently, creating growth opportunities from challenges in front of healthcare providers. With declining digital health investments, mergers & acquisitions gain momentum, with a few big value acquisitions in the at-home care segment. Virtual care, telehealth, and provider and payer solutions saw strong growth. This outlook discusses major trends impacting global digital health and stakeholder growth opportunities.
Key Issues Addressed
- What are the top predictions for 2023?
- How are macroeconomic factors affecting the industry in 2023?
- What does the digital health investment landscape look like?
- What is the digital health market size and forecast?
- Which are the key companies to watch in 2023 in digital health?
Author: Sagar Mukhekar
Key Highlights
The 2022 Digital Health Market—Forecast vs. Actual
Top Digital Health Predictions for 2023
Growth Environment
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Digital Health Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Market Segmentation
Segment Definitions
Key Trend 1—Shifting Focus Toward Home Health
Key Trend 2—Corrections in Global Digital Health Investment
Key Trend 3—Expanding AI Adoption in Healthcare
Key Trend 4—Mergers & Acquisitions Gains Momentum
Top 5 Global Economic Highlights of 2022
Global GDP Growth Snapshot
Economic Impact on Digital Health, 2023
Inflation and Recession—Investment Impact Analysis
Forecast Methodology and Assumptions
Global Digital Health Industry—Revenue Forecast
Segment Performance—Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Region
Prediction 1—Retail Health Clinics Will Double Their Market Share in the Primary Care Market in 2023
Prediction 2—70% of Healthcare Providers Will Engage With the Patient Through a Digital Interface/Platform, of Which 10% of Large Healthcare Systems Will Use Conversational AI and Chatbots
Prediction 3—10% of Brick-and-mortar Retail Pharmacies Will Shut Down and Go Digital
Prediction 4—Home Health Will Grow Slowly in 2023; Big Insurers and Retailers Will Remain Active in the Home Health M&A Space
Prediction 5—Investment Will Increase by 15% in Healthcare IT Tools Used in Value-based Care
Healthcare IT—2023 Market Snapshot
Telehealth—2023 Market Snapshot
Big Techs in Action—Digital Health, 2022–2023
Big Techs in Action—Digital Health, 2022–2023 (continued)
Digital Health—Companies to Action
Digital Health—Companies to Action (continued)
Growth Opportunity 1—Care at Home
Growth Opportunity 1—Care at Home (continued)
Growth Opportunity 2—Growing Payer-Provider Collaboration
Growth Opportunity 2—Growing Payer-Provider Collaboration (continued)
Growth Opportunity 3—Conversational AI and Chatbots
Growth Opportunity 3—Conversational AI and Chatbots (continued)
Key Concluding Thoughts
Your Next Steps
Why Frost, Why Now?
List of Exhibits
Legal Disclaimer
List of Figures
- Digital Health: Global Investment Landscape, North America, 2018–2022
- F&S Survey on Purpose of AI Implementation in Healthcare Organizations, Global
- GDP Growth Rate, Selected Economies, 2022–2023
- Digital Health: Impact of Inflation and Recession, Global, 2022–2023
- Digital Health: Revenue Forecast by Segment, Global, 2022 and 2023
- Telehealth: Revenue Forecast, Global, 2022–2027
- Healthcare IT: Revenue Forecast, Global, 2022–2027
- Digital Health: Revenue Forecast, Global, 2022–2027
- Digital Health Industry: Revenue Forecast by Region, Global, 2022–2023
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