This statistic shows the distribution of the global big data market related to healthcare in 2016 and a forecast for 2025, by market share. It is predicted that by 2025 the market share of analytics services will increase to over 42 percent.
In 2019, the global digital health market was worth an estimated 175 billion U.S. dollars. With an expected CAGR of almost 25 percent from 2019 to 2025, the digital health market should reach nearly 660 billion dollars by 2025.
Increasing use of digital health tools
Over the last decade, investor funding in the digital health industry has increased significantly. In 2020, over 21 billion U.S. dollars was invested in the industry, compared to around one billion U.S. dollars in 2010. Even before the COVID-19 pandemic in 2020, which sharply increased the need for digital health tools to be used, consumers’ adoption of telemedicine had been increasing.
Further trends
A survey of European health professionals found that they believed the biggest ehealth trend in the coming years will be the use of patient owned health data. In general, most healthcare workers thought ehealth prospects in their country would improve in the coming year. However, the biggest challenge to implementing ehealth changes efficiently and effective in Europe is regarded to be funding and costs.
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Consumer Healthcare Market size was valued at USD 360 Billion in 2023 and is projected to reach USD 780 Billion By 2030, growing at a CAGR of 8.8% during the forecast period 2024 to 2030.
Global Consumer Healthcare Market Drivers
The market drivers for the Consumer Healthcare Market can be influenced by various factors. These may include:
Growing Education and Awareness: The demand for consumer healthcare products is being driven by consumers’ growing knowledge of wellness, self-care, and preventive healthcare practices. Over-the-counter (OTC) drugs, vitamins, and supplements are in more demand as consumers take a more active role in managing their health.
Aging Population: As the world’s population ages, chronic illnesses and ailments including diabetes, arthritis, and cardiovascular disease are becoming more common. People frequently need more healthcare services and goods as they become older, including over-the-counter medications.
Trend Towards Self-Medication: People are seeking easy and affordable ways to treat minor illnesses due to hectic lifestyles and growing healthcare expenses. The demand for OTC medications, home diagnostic tools, and other self-care items is rising as a result of this trend.
Technological Developments: Consumers are becoming more empowered to take charge of their health thanks to technological developments like wearable health gadgets, telemedicine, and mobile health applications. The consumer healthcare business is being driven by these technologies, which allow people to more easily monitor their health parameters, get medical information, and engage with healthcare providers.
E-commerce and Digitalization: A wider range of people can now obtain consumer healthcare items thanks to the growth of e-commerce platforms and digital channels. Now that consumers can access a wealth of information, compare prices, and buy healthcare products online, the market is expanding.
Urbanization and Lifestyle Changes: Chronic health issues are on the rise due to urbanization and changing lifestyles, which are defined by sedentary behavior, bad eating habits, and elevated stress levels. Consumer healthcare products designed to manage chronic illnesses and enhance general well-being are therefore in greater demand.
Regulatory Support: Promoting self-care and extending access to over-the-counter pharmaceuticals are top priorities for governments and regulatory agencies. Positive legislative environments and programs to improve the infrastructure for consumer healthcare also fuel industry expansion.
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Newly-released Remote Healthcare Market analysis report by Future Market Insights shows that the global market size of Remote Healthcare in 2023 was held at US$ 7.8 Billion. With a CAGR of 20.7% from 2023 to 2033, the market is projected to reach a valuation of US$ 59 Billion by 2033. Tele-ICU is expected to be the highest revenue-generating service, projected to grow at a CAGR of over 16.4% from 2023 to 2033.
Attribute | Details |
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Global Remote Healthcare Market (2023) | US$ 9 Billion |
Global Remote Healthcare Market (2033) | US$ 59 Billion |
Global Remote Healthcare Market CAGR (2023 to 2033) | 20.7% |
USA Remote Healthcare Market CAGR (2023 to 2033) | 22.3% |
Key Companies Profiled |
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The global big data in healthcare market was estimated to be worth $14.25 billion in 2017 & is expected to grow over $68.75 billion by 2025. BIS Research report on Big Data in Healthcare Market offer detailed industry analysis including market report, size, growth, share, trends, value & forecast.
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According to Cognitive Market Research, the global Household Healthcare market size will be USD 251512.3 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.
North America held the major market share of more than 40% of the global revenue, with a market size of USD 100604.92 million in 2024. The market will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 75453.69 million.
Asia Pacific held a market share of around 23% of global revenue, with a market size of USD 57847.83 million in 2024, and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America's Market will have more than 5% of the global revenue with a market size of USD 12575.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
The Middle East and Africa held the major market share of around 2% of the global revenue, with a market size of USD 5030.25 million in 2024. The market will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
Cancer held the highest Household Healthcare market revenue share in 2024.
Market Dynamics of Household Healthcare Market
Key Drivers of Household Healthcare Market
Rising Disposable Income to Provide Viable Market Output
The rise in disposable income is creating a significant increase in global demand. With more disposable income at their disposal, individuals and families are increasingly inclined to invest in healthcare products and services to maintain and enhance their well-being. This trend encourages higher spending on health-related items such as medications, medical devices, wellness programs, and health insurance. Moreover, increased disposable income enables households to afford more expensive healthcare procedures and treatments, leading to higher demand for advanced medical technologies and specialized healthcare services. Overall, the growth in disposable income fosters greater accessibility and affordability of healthcare, driving expansion in the household healthcare market.
For instance, Apollo Homecare offers long-term plans for various diseases, such as ortho rehab, heart rehab, lung rehab, mother-and-baby care, and elderly care. It includes medical supervision and personalized healthcare services.
(Source: https://apollohomecare.com/)
Rising elderly population to Propel Market Growth.
The rise in the elderly population aims to provide growth in the Market. As people age, they often require more frequent and specialized medical attention, leading to increased demand for home healthcare products and services. This demographic shift has prompted innovations in medical technology, such as remote monitoring devices and wearable health trackers, to support aging individuals in managing their health at home. Additionally, the desire for independence and comfort among the elderly population further fuels the demand for household healthcare solutions, ranging from mobility aids to home care services, driving growth and investment in this sector.
For instance, according to the UN Department of Economic and Social Affairs, the number of people over 65 worldwide is expected to increase from 771 million in 2022 to 1.6 billion by 2050. Furthermore, it is projected that the number of individuals 80 years of age and above will triple by 2050 compared to the current figure of 143 million in 2019.
(Source: https://desapublications.un.org/file/989/download)
Restraint Factors Of Household Healthcare Market
High costs of products to Restrict Market Growth
The household healthcare market faces challenges due to the high cost of products. Affordability becomes a crucial issue for consumers, limiting their access to essential healthcare solutions within their homes. From medical devices to specialized equipment and even everyday healthcare products, the steep price tags deter many potential users from purchasing or accessing these items. The financial burden often outweighs the perceived benefits, leading to decreased adoption rates and utilization of household healthcare products. This barrier impedes the market's growth and hampers efforts to improve healthcare accessibility and convenience for individuals and families within their own homes.
Impact of COVID-19 on the Household Heal...
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The market size of the Household Healthcare Market is categorized based on Type (Hardware Devices, Software Services) and Application (Home Diagnosis, Home Health) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
This report provides insights into the market size and forecasts the value of the market, expressed in USD million, across these defined segments.
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Global home healthcare market size and share are expected to exceed USD 699.74 billion by 2032, with a compound annual growth rate CAGR of 7.6% during the forecast period. The global home healthcare market is expanding due to the increasing adoption of telehealth technology in the healthcare system, with the goal of providing high-quality medical services to patients remotely.
This statistic shows the global market size for artificial intelligence in healthcare in 2016, 2017 and a forecast for 2025. It is estimated that over this period the market will increase from roughly one billion to more than 28 billion U.S. dollars.
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Global Healthcare Services Market to hit USD 11222.08B by 2029 growing at 4.9% CAGR. Explore trends, drivers, and competition for strategic insights with The Business Research Company.
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The global healthcare IT market size reached USD 363.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 909.4 Billion by 2033, exhibiting a growth rate (CAGR) of 10.20% during 2025-2033. The widespread adoption of digital health technologies in healthcare IT, the implementation of supportive government initiatives, and the emergence of several technological advancements are some of the major factors propelling the market.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
| 2025-2033 |
Historical Years
| 2019-2024 |
Market Size in 2024
| USD 363.2 Billion |
Market Forecast in 2033
| USD 909.4 Billion |
Market Growth Rate 2025-2033 | 10.20% |
IMARC Group provides an analysis of the key trends in each segment of the global healthcare IT market report, along with forecasts at the global and regional levels from 2025-2033. Our report has categorized the market based on product and services, component, delivery mode and end-user.
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The Report Covers Global Home Healthcare Industry Analysis and is Segmented by Product and Services (Equipment, (therapeutics, Diagnostics, and Mobility Care), Software, and Services (Rehabilitation Services, Respiratory Therapy Services, Infusion Therapy Services, and Other Services), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The Value is Provided in (USD) for the Above Segments.
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Just to give a rough estimate, it can be assumed that the market will have a value of USD 44.4 Billion in 2025, a number that could go up to USD 65.2 Billion in 2035, indicating an annual growth rate of 3.9% during the forecast period.
Metric | Value |
---|---|
Market Size (2025E) | USD 44.4 Billion |
Market Value (2035F) | USD 65.2 Billion |
CAGR (2025 to 2035) | 3.9% |
Country Wise Analysis
Country | CAGR (2025 to 2035) |
---|---|
USA | 4.2% |
Country | CAGR (2025 to 2035) |
---|---|
UK | 3.8% |
Country | CAGR (2025 to 2035) |
---|---|
European Union (EU) | 3.9% |
Country | CAGR (2025 to 2035) |
---|---|
Japan | 4.1% |
Country | CAGR (2025 to 2035) |
---|---|
South Korea | 4.2% |
Competitive Outlook
Company Name | Estimated Market Share (%) |
---|---|
Zoetis Inc. | 15 to 20% |
Boehringer Ingelheim Animal Health | 12-16% |
Merck Animal Health (MSD Animal Health) | 10-14% |
Elanco Animal Health Incorporated | 8-12% |
Ceva Santé Animale | 5-9% |
Other Companies (combined) | 40-50% |
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The global swine healthcare market size was valued at USD 3.18 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 5.59 Billion by 2033, exhibiting a CAGR of 6.15% from 2025-2033. North America currently dominates the market, holding a market share of over 38.0% in 2024. The swine healthcare market share is growing due to the increasing dependence on swine products, a significant increase in commercial swine farming and export activities, and growing awareness regarding pork-transmitted diseases.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
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2025-2033
|
Historical Years
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2019-2024
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Market Size in 2024
| USD 3.18 Billion |
Market Forecast in 2033
| USD 5.59 Billion |
Market Growth Rate 2025-2033 | 6.15% |
IMARC Group provides an analysis of the key trends in each segment of the global swine healthcare market, along with forecasts at the global, regional, and country levels from 2025-2033. The market has been categorized based on product, disease, route of administration, and distribution channel.
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The global remote healthcare market size reached USD 12.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 48.3 Billion by 2033, exhibiting a growth rate (CAGR) of 15.87% during 2025-2033. The increasing prevalence of chronic diseases, the integration of telecommunications and artificial intelligence (AI) platforms, and the implementation of favorable government initiatives to promote telehealth applications are some of the major factors propelling the market.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
| 2024 |
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 12.7 Billion |
Market Forecast in 2033 | USD 48.3 Billion |
Market Growth Rate 2025-2033 | 15.87% |
IMARC Group provides an analysis of the key trends in each segment of the global remote healthcare market report, along with forecasts at the global, regional and country levels from 2025-2033. Our report has categorized the market based on service, application and end user.
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The Consumer Healthcare Market is projected to grow at 21.9% CAGR, reaching $1812 Billion by 2029. Where is the industry heading next? Get the sample report now!
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Stay Updated on Artificial Intelligence Market in Healthcare Sector trends, industry outlook and top suppliers with this comprehensive report from BIS Research
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The Asia Pacific Wireless Healthcare Market Report is Segmented by Component (hardware, Software, and Services), by Applications (hospitals and Nursing Homes, Home Care, and Pharmaceuticals), by Country (China, India, Japan, South Korea, and the Rest of Asia Pacific). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.
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The Report Covers Global Healthcare Data Analytics Companies and the Market is Segmented by Type of Technology (Predictive Analytics, Prescriptive Analytics, and Descriptive Analytics), Application (Clinical Data Analytics, Financial Data Analytics, and Administrative Data Analytics), Product (Hardware, Software, and Service), Mode of Delivery (On-Premise Model and Cloud-Based Model), End Users (Healthcare Provider, Pharmaceutical Industry, Biotechnology Industry, and Academic Organization), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The Market Size and Forecasts are Provided in Terms of Value (USD Million) for all the Above Segments.
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The size and share of the market is categorized based on Type (Video Consulation, Audio Consulation, KIOSKS) and Application (Everyday Care, Urgent Care, Mental Health, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
This statistic shows the distribution of the global big data market related to healthcare in 2016 and a forecast for 2025, by market share. It is predicted that by 2025 the market share of analytics services will increase to over 42 percent.