Digital Health and Wellness Market Worth $1.103 Trillion by 2028 - Exclusive Market Research Report by Arizton Advisory & Intelligence

CHICAGO, Feb. 21, 2023 /PRNewswire/ -- According to Arizton's latest research report, the digital health and wellness market will grow at a CAGR of 22% from 2022 to 2028. The increasing adoption of telehealth, the growing reign of artificial intelligence (AI), and data analytics increasingly driving wellness spaces are significant factors driving the market.

As people become more independent, they will take more ownership of their health, increasing interest in physical and mental wellness and boosting popularity. They are pursuing a change in behavior that is sustainable and is anticipated to increase the efficiency of digital health & wellness programs. With the rise in the usage of digital technologies such as mHealth and telemedicine, people are more relaxed and focusing on their health & wellness through such technologies. Such self-improvement or care factor is anticipated to contribute toward the growth of the digital health & wellness market. Digital health & wellness have made a seismic shift by bringing in a new era of customized education and solutions that tend to each individualized well-being through AI. Using AI aids in scaling up wellness without relying heavily on resources. It can also help circumvent numerous health hurdles by triggering behavioral change after analyzing personality traits and habits.

Also, in recent years, wearable devices are creating a buzz worldwide. The shrinking of electronic devices enables the development of more dependable and flexible wearables, contributing to a global shift in the health monitoring method. Wearables, such as implanted devices, have the advantage of being able to be designed as smart equipment that can offer digital health data and assist telemedicine. The demand for advanced wearable medical devices and their components will continue to rise as telemedicine, and patient-centric healthcare becomes more popular.

Digital Health and Wellness Market Report Scope

Click Here to Download the Free Sample Report

Key Winning Imperatives in the Global Digital Health and Wellness Market

• The growing usage of highly advanced technological platforms in hospitals is accelerating the adoption of healthcare robotics by making healthcare robots more sophisticated, efficient, precise, and affordable.
• The outstanding use of wearable monitoring devices is giving rise to new dimensions in medicine, healthcare, and fitness applications, putting them into a more significant category of wireless networks known as Wireless Body Area Networks (WBANs).

Geographical Insights

Millions of people in China suffer from untreated psychiatric disorders and mental diseases. The Chinese population is expected to show a higher demand in the future for practicing meditation. Therefore, this shows that health improvement methods emphasizing mind relaxation are vital opportunities to develop products/ services distribution to get along with emotional health. This is driving the demand for health & wellness mobile applications.

APAC is a huge market for digital health & wellness globally. The markets in China, India, Japan, and South Korea pose vital opportunities for vendors. The major factors contributing to the growth of the digital health & wellness market in APAC include an increased prevalence of mental disorders, a rise in the geriatric population, and rising expenditure on healthcare.

Key Leading Vendors

• Headspace
• FranklinCovey
• Vivify Health
• Teladoc Health
• Apple
• Samsung
• Altopax
• Amelia Virtual Care
• BigHealth
• Calm
• CogniFit
• CuraLinc Healthcare
• Epitel
• Fitbit
• Ginger
• Global Kinetics
• HealthUnlocked
• Healthy Hero
• Koa Health
• Misu
• MyndYou
• OxfordVR
• Psycurio
• Rani Therapeutics
• Talkspace
• Twill

Market Segmentation

Digital Health & Wellness

• Digital Health
• Digital Wellness

Type

• Software & Services
• Wearables

Software & Services

• eHealth
• mHealth

Wearables

• Ear-worn
• Smartwatches
• Smart Patches
• Head-mounted Display
• Wristbands
• Smart Clothing

Age-Group

• Pediatric
• Adults
• Geriatric

Care Providers

• Hospitals
• Home Care Settings & Individuals
• Clinics & Ambulatory Surgical Centers (ASC)
• Others

Geography

• North America
• The US
• Canada
• Europe
• Germany
• The UK
• Italy
• France
• Spain
• APAC
• China
• Japan
• South Korea
• India
• Australia
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East & Africa
• Turkey
• South Africa
• Saudi Arabia

Click Here to Download the Free Sample Report

Check Out Some of the Top-Selling Related Research Reports:

Mental Wellness Market - Global Outlook & Forecast 2022-2027: The global mental wellness market size is expected to grow at a CAGR of 6.35%, from USD 138.55 billion in 2021 to reach USD 200.42 billion by 2027. 

U.S. Corporate Wellness Market - Industry Outlook & Forecast 2022-2027: The corporate wellness market in the US was valued at USD 11.31 billion in 2021 and is forecasted to grow at a CAGR of 12.27% to reach USD 22.65 billion by 2027.

U.S. Financial Wellness Benefits Market - Industry Outlook & Forecast 2022-2027: The U.S. financial wellness benefits market was valued at USD 446.31 million in 2021 and is expected to reach USD 964.69 million by 2027, growing at a CAGR of 13.71%. 

U.S. Workplace Stress Management Market - Industry Outlook & Forecast 2022-2027: The U.S. workplace stress management market is valued at USD 2.34 billion in 2021 and is projected to reach USD 3.7 billion by 2027, growing at a CAGR of 8.25% during the forecasted period. 

To find out more, visit www.arizton.com or follow us on Twitter, LinkedIn, and Facebook

Table of Content

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION

4.1.1 INCLUSIONS

4.1.2 EXCLUSIONS

4.1.3 MARKET ESTIMATION CAVEATS

4.2 BASE YEAR

4.3 SCOPE OF THE STUDY

4.4 MARKET SEGMENTATION

4.4.1 MARKET BY OFFERING

4.4.2 MARKET BY PRODUCT TYPE

4.4.3 MARKET BY AGE GROUP

4.4.4 MARKET BY CARE PROVIDER

4.4.5 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

6 PREMIUM INSIGHTS

6.1 MARKET OVERVIEW

6.1.1 MARKET TRENDS

6.1.2 MARKET OPPORTUNITIES

6.1.3 MARKET ENABLERS

6.1.4 MARKET CHALLENGES

6.2 SEGMENT OVERVIEW

6.3 COMPETITIVE LANDSCAPE

7 MARKET AT A GLANCE

8 INTRODUCTION

8.1 OVERVIEW

8.2 TECHNOLOGICAL DEVELOPMENTS

8.2.1 WEARABLE TECHNOLOGY: MONITORING DEVICES

8.2.2 INCREASING DEMAND FOR WIRELESS PATIENT MONITORING AT HOME

8.2.3 RISE OF VIRTUAL CLINICAL TRIALS

9 MARKET OPPORTUNITIES & TRENDS

9.1 INCREASING ADOPTION OF TELEHEALTH

9.2 GROWING REIGN OF ARTIFICIAL INTELLIGENCE (AI)

9.3 DATA ANALYTICS INCREASINGLY DRIVING WELLNESS

10 MARKET GROWTH ENABLERS

10.1 INCREASING SMARTPHONE PENETRATION & mHEALTH APPLICATION

10.2 INCORPORATION OF TECHNOLOGY FOR RISING SELF-CARE

10.3 RISING DEVELOPMENT IN WEARABLE DEVICES

11 MARKET RESTRAINTS

11.1 DATA SECURITY & PRIVACY RISKS

11.2 LACK OF STANDARD INTEROPERABILITY

11.3 PERCEIVED HIGH COST OF DIGITAL MENTAL WELLNESS PROGRAMS

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW

12.2 MARKET SIZE & FORECAST

12.3 FIVE FORCES ANALYSIS

12.3.1 THREAT OF NEW ENTRANTS

12.3.2 BARGAINING POWER OF SUPPLIERS

12.3.3 BARGAINING POWER OF BUYERS

12.3.4 THREAT OF SUBSTITUTES

12.3.5 COMPETITIVE RIVALRY

13 OFFERING

13.1 MARKET SNAPSHOT & GROWTH ENGINE

13.2 MARKET OVERVIEW

13.3 DIGITAL HEALTH

13.3.1 MARKET SIZE & FORECAST

13.3.2 MARKET BY GEOGRAPHY

13.4 DIGITAL WELLNESS

13.4.1 MARKET SIZE & FORECAST

13.4.2 MARKET BY GEOGRAPHY

14 PRODUCT TYPE

14.1 MARKET SNAPSHOT & GROWTH ENGINE

14.2 MARKET OVERVIEW

14.2.1 PRODUCT TYPE – SOFTWARE & SERVICES

14.2.2 PRODUCT TYPE – WEARABLES

15 SOFTWARE & SERVICES

15.1 MARKET SNAPSHOT & GROWTH ENGINE

15.2 MARKET OVERVIEW

15.2.1 MARKET SIZE & FORECAST

15.2.2 MARKET BY GEOGRAPHY

15.3 E-HEALTH

15.3.1 MARKET SIZE & FORECAST

15.3.2 MARKET BY GEOGRAPHY

15.4 M-HEALTH

15.4.1 MARKET SIZE & FORECAST

15.4.2 MARKET BY GEOGRAPHY

16 WEARABLES

16.1 MARKET SNAPSHOT & GROWTH ENGINE

16.2 MARKET OVERVIEW

16.2.1 MARKET SIZE & FORECAST

16.2.2 MARKET BY GEOGRAPHY

16.3 EAR-WORN

16.3.1 MARKET SIZE & FORECAST

16.3.2 MARKET BY GEOGRAPHY

16.4 SMARTWATCHES

16.4.1 MARKET SIZE & FORECAST

16.4.2 MARKET BY GEOGRAPHY

16.5 SMART PATCHES

16.5.1 MARKET SIZE & FORECAST

16.5.2 MARKET BY GEOGRAPHY

16.6 HEAD-MOUNTED DISPLAYS

16.6.1 MARKET SIZE & FORECAST

16.6.2 MARKET BY GEOGRAPHY

16.7 WRISTBANDS

16.7.1 MARKET SIZE & FORECAST

16.7.2 MARKET BY GEOGRAPHY

16.8 SMART CLOTHING

16.8.1 MARKET SIZE & FORECAST

16.8.2 MARKET BY GEOGRAPHY

17 AGE GROUP

17.1 MARKET SNAPSHOT & GROWTH ENGINE

17.2 MARKET OVERVIEW

17.3 PEDIATRIC

17.3.1 MARKET OVERVIEW

17.3.2 MARKET SIZE & FORECAST

17.3.3 MARKET BY GEOGRAPHY

17.4 ADULTS

17.4.1 MARKET OVERVIEW

17.4.2 MARKET SIZE & FORECAST

17.4.3 MARKET BY GEOGRAPHY

17.5 GERIATRIC

17.5.1 MARKET OVERVIEW

17.5.2 MARKET SIZE & FORECAST

17.5.3 MARKET BY GEOGRAPHY

18 CARE PROVIDER

18.1 MARKET SNAPSHOT & GROWTH ENGINE

18.2 MARKET OVERVIEW

18.3 HOSPITALS

18.3.1 MARKET OVERVIEW

18.3.2 MARKET SIZE & FORECAST

18.3.3 MARKET BY GEOGRAPHY

18.4 HOME CARE SETTINGS & INDIVIDUALS

18.4.1 MARKET OVERVIEW

18.4.2 MARKET SIZE & FORECAST

18.4.3 MARKET BY GEOGRAPHY

18.5 CLINICS & AMBULATORY SURGICAL CENTERS

18.5.1 MARKET OVERVIEW

18.5.2 MARKET SIZE & FORECAST

18.5.3 MARKET BY GEOGRAPHY

18.6 OTHERS

18.6.1 MARKET OVERVIEW

18.6.2 MARKET SIZE & FORECAST

18.6.3 MARKET BY GEOGRAPHY

19 GEOGRAPHY

19.1 MARKET SNAPSHOT & GROWTH ENGINE

19.2 GEOGRAPHIC OVERVIEW

20 APAC

20.1 MARKET OVERVIEW

20.2 MARKET SIZE & FORECAST

20.3 OFFERING

20.3.1 MARKET SIZE & FORECAST

20.4 PRODUCT TYPE

20.4.1 MARKET SIZE & FORECAST

20.4.2 PRODUCT TYPE – SOFTWARE & SERVICES

20.4.3 PRODUCT TYPE – WEARABLES

20.5 AGE GROUP

20.5.1 MARKET SIZE & FORECAST

20.6 CARE PROVIDER

20.6.1 MARKET SIZE & FORECAST

20.7 KEY COUNTRIES

20.7.1 CHINA: MARKET SIZE & FORECAST

20.7.2 JAPAN: MARKET SIZE & FORECAST

20.7.3 SOUTH KOREA: MARKET SIZE & FORECAST

20.7.4 AUSTRALIA: MARKET SIZE & FORECAST

20.7.5 INDIA: MARKET SIZE & FORECAST

21 NORTH AMERICA

21.1 MARKET OVERVIEW

21.2 MARKET SIZE & FORECAST

21.3 OFFERING

21.3.1 MARKET SIZE & FORECAST

21.4 PRODUCT TYPE

21.4.1 MARKET SIZE & FORECAST

21.4.2 PRODUCT TYPE – SOFTWARE & SERVICES

21.4.3 PRODUCT TYPE – WEARABLES

21.5 AGE GROUP

21.5.1 MARKET SIZE & FORECAST

21.6 CARE PROVIDER

21.6.1 MARKET SIZE & FORECAST

21.7 KEY COUNTRIES

21.7.1 US: MARKET SIZE & FORECAST

21.7.2 CANADA: MARKET SIZE & FORECAST

22 EUROPE

22.1 MARKET OVERVIEW

22.2 MARKET SIZE & FORECAST

22.3 OFFERING

22.3.1 MARKET SIZE & FORECAST

22.4 PRODUCT TYPE

22.4.1 MARKET SIZE & FORECAST

22.4.2 PRODUCT TYPE – SOFTWARE & SERVICES

22.4.3 PRODUCT TYPE – WEARABLES

22.5 AGE GROUP

22.5.1 MARKET SIZE & FORECAST

22.6 CARE PROVIDER

22.6.1 MARKET SIZE & FORECAST

22.7 KEY COUNTRIES

22.7.1 GERMANY: MARKET SIZE & FORECAST

22.7.2 UK: MARKET SIZE & FORECAST

22.7.3 FRANCE: MARKET SIZE & FORECAST

22.7.4 ITALY: MARKET SIZE & FORECAST

22.7.5 SPAIN: MARKET SIZE & FORECAST

23 LATIN AMERICA

23.1 MARKET OVERVIEW

23.2 MARKET SIZE & FORECAST

23.3 OFFERING

23.3.1 MARKET SIZE & FORECAST

23.4 PRODUCT TYPE

23.4.1 MARKET SIZE & FORECAST

23.4.2 PRODUCT TYPE – SOFTWARE & SERVICES

23.4.3 PRODUCT TYPE – WEARABLES

23.5 AGE GROUP

23.5.1 MARKET SIZE & FORECAST

23.6 CARE PROVIDER

23.6.1 MARKET SIZE & FORECAST

23.7 KEY COUNTRIES

23.7.1 BRAZIL: MARKET SIZE & FORECAST

23.7.2 MEXICO: MARKET SIZE & FORECAST

23.7.3 ARGENTINA: MARKET SIZE & FORECAST

24 MIDDLE EAST & AFRICA

24.1 MARKET OVERVIEW

24.2 MARKET SIZE & FORECAST

24.3 OFFERING

24.3.1 MARKET SIZE & FORECAST

24.4 PRODUCT TYPE

24.4.1 MARKET SIZE & FORECAST

24.4.2 PRODUCT TYPE – SOFTWARE & SERVICES

24.4.3 PRODUCT TYPE – WEARABLES

24.5 AGE GROUP

24.5.1 MARKET SIZE & FORECAST

24.6 CARE PROVIDER

24.6.1 MARKET SIZE & FORECAST

24.7 KEY COUNTRIES

24.7.1 TURKEY: MARKET SIZE & FORECAST

24.7.2 SAUDI ARABIA: MARKET SIZE & FORECAST

24.7.3 SOUTH AFRICA: MARKET SIZE & FORECAST

25 COMPETITIVE LANDSCAPE

25.1 COMPETITION OVERVIEW

26 KEY COMPANY PROFILES

26.1 HEADSPACE

26.1.1 BUSINESS OVERVIEW

26.1.2 PRODUCT/SERVICE OFFERINGS

26.1.3 KEY STRATEGIES

26.1.4 KEY STRENGTHS

26.1.5 KEY OPPORTUNITIES

26.2 FRANKLINCOVEY

26.3 VIVIFY HEALTH

26.4 TELADOC HEALTH

26.5 APPLE

26.6 SAMSUNG

27 OTHER PROMINENT VENDORS

27.1 ALTOPAX

27.1.1 BUSINESS OVERVIEW

27.1.2 PRODUCT/SERVICE OFFERINGS

27.2 AMELIA VIRTUAL CARE

27.3 BIGHEALTH

27.4 CALM

27.5 COGNIFIT

27.6 CURALINC HEALTHCARE

27.7 EPITEL

27.8 FITBIT (GOOGLE)

27.9 GINGER

27.10 GLOBAL KINETICS

27.11 HEALTHUNLOCKED

27.12 HEALTHY HERO

27.13 KOA HEALTH

27.14 MISU

27.15 MYNDYOU

27.16 OXFORDVR

27.17 PSYCURIO

27.18 RANI THERAPEUTICS

27.19 TALKSPACE

27.20 TWILL

28 REPORT SUMMARY

28.1 KEY TAKEAWAYS

28.2 STRATEGIC RECOMMENDATIONS

29 QUANTITATIVE SUMMARY

29.1 OFFERING

29.2 PRODUCT TYPE

29.2.1 PRODUCT TYPE – SOFTWARE & SERVICES

29.2.2 PRODUCT TYPE – WEARABLES

29.3 AGE GROUP

29.4 CARE PROVIDER

29.5 MARKET BY GEOGRAPHY

29.6 APAC

29.6.1 OFFERING

29.6.2 PRODUCT TYPE

29.6.3 PRODUCT TYPE – SOFTWARE & SERVICES

29.6.4 PRODUCT TYPE – WEARABLES

29.6.5 AGE GROUP

29.6.6 CARE PROVIDER

29.7 NORTH AMERICA

29.7.1 OFFERING

29.7.2 PRODUCT TYPE

29.7.3 PRODUCT TYPE – SOFTWARE & SERVICES

29.7.4 PRODUCT TYPE – WEARABLES

29.7.5 AGE GROUP

29.7.6 CARE PROVIDER

29.8 EUROPE

29.8.1 OFFERING

29.8.2 PRODUCT TYPE

29.8.3 PRODUCT TYPE – SOFTWARE & SERVICES

29.8.4 PRODUCT TYPE – WEARABLES

29.8.5 AGE GROUP

29.8.6 CARE PROVIDER

29.9 LATIN AMERICA

29.9.1 OFFERING

29.9.2 PRODUCT TYPE

29.9.3 PRODUCT TYPE – SOFTWARE & SERVICES

29.9.4 PRODUCT TYPE – WEARABLES

29.9.5 AGE GROUP

29.9.6 CARE PROVIDER

29.10 MIDDLE EAST & AFRICA

29.10.1 OFFERING

29.10.2 PRODUCT TYPE

29.10.3 PRODUCT TYPE – SOFTWARE & SERVICES

29.10.4 PRODUCT TYPE – WEARABLES

29.10.5 AGE GROUP

29.10.6 CARE PROVIDER

30 APPENDIX

30.1 ABBREVIATIONS

About Us:   

Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.  

We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.  

Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.  

Click Here to Contact Us  

Call: +1-312-235-2040  
          +1 302 469 0707  
Mail: enquiry@arizton.com

Photo: https://mma.prnewswire.com/media/2006509/Digital_Health_and_Wellness_Market.jpg
Logo: https://mma.prnewswire.com/media/818553/Arizton_Logo.jpg