Digital Brain Health Market Share Analysis Report, 2024-2033
The global digital brain health market size was exhibited at USD 200.97 billion in 2023 and is projected to hit around USD 417.30 billion by 2033, growing at a CAGR of 7.58% during the forecast period of 2024 to 2033.
Key Takeaways:
Digital Brain Health Market Overview:
The digital brain health market uses technology and digital tools to improve cognitive function and promote brain health. The market includes various digital products and services, such as brain training games, cognitive assessments, virtual reality tools, neurofeedback devices, and mobile applications that enhance memory, attention, problem-solving, and other cognitive abilities.
The digital brain health market has gained significant attention driven by the increasing prevalence of neurological disorders and mental health conditions, such as Alzheimer's disease, Parkinson's disease, depression, anxiety, and ADHD. Digital tools have the potential to offer convenient, cost-effective, and personalized solutions for individuals seeking to maintain or improve their cognitive health and performance.
The market is also expected to continue growing as more individuals seek digital solutions to support their brain health, and the technology behind these tools continues to advance. However, it's important that the effectiveness of these digital tools in improving cognitive function and preventing neurological disorders is still being researched and debated within the scientific community.
Furthermore, drivers such as the aging population and cost-effectiveness have led to a rapidly growing digital brain health market with a wide range of products and services to improve cognitive function and promote brain health. Also, there has been a growing awareness of the importance of mental health. This has increased interest in digital tools that can help individuals manage depression, anxiety, and ADHD.
However, lack of regulation, ethical concerns and limited accessibility are anticipated to impede the market growth. The digital health industry is still largely unregulated, and this can lead to concerns about the safety, efficacy, and privacy of digital brain health products and services. This may limit the adoption of digital brain health. Also, there is still some skepticism among healthcare providers and the general public regarding the effectiveness of these tools in improving cognitive function and preventing neurological disorders.
The lockdown measures implemented by various governments in anticipation of the COVID-19 pandemic have increased awareness of the importance of mental health and cognitive function, resulting in a greater demand for digital brain health products and services. Also, The pandemic has forced many healthcare providers to adopt remote care models, including using digital tools to deliver cognitive assessments and brain training programs.
Growth Factors:
The growing demand for technologies and services to help individuals' brains propelled the market demand. The various factors are helping to drive the market are:
Digital Brain Health Market Report Scope
| Report Coverage | Details |
| Market Size in 2024 | USD 216.20 Billion |
| Market Size by 2033 | USD 417.30 Billion |
| Growth Rate From 2024 to 2033 | CAGR of 7.58% |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Segments Covered | By Functionality, By Component, and By End-User |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Regional Scope | North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
| Key Companies Profiled | Linus Health, Medibio, The Echo Group, Spring Care, Inc. Qualifacts Systems, Inc., NXGN Management, Netsmart Technologies, IBM, Holmusk, Core Solutions, Inc., Cerner Corporation and Others. |
Digital Brain Health Market Dynamics:
Key Market Drivers:
Aging population to brighten the market prospect
The risk of developing age-related neurological disorders such as Alzheimer's disease, Parkinson's disease, and dementia increases. This has led to a greater demand for technologies and services to help individuals maintain cognitive function and reduce the risk of developing these conditions. According to a United Nations report, the world's population aged 60 and over is expected to double by 2050, reaching approximately 1.5 billion people. This demographic shift is expected to drive demand for digital brain health tools and services as older adults seek to maintain cognitive function and prevent neurological disorders.
Furthermore, older adults want to maintain their independence and quality of life for as long as possible. Digital brain health tools can help older adults maintain cognitive function, enabling them to continue living independently and performing daily tasks. Also, it offers a cost-effective and accessible solution for older adults who may not have access to traditional healthcare services or may be unable to afford them.
In addition, the COVID-19 pandemic has highlighted the importance of digital brain health tools for older adults, as social distancing measures and lockdowns have limited in-person interactions and access to traditional healthcare services. As a result, there has been a larger focus on telehealth and remote care models, including digital brain health tools for cognitive assessments and brain training programs. Thus, the aging population is a significant digital brain health market driver. Older adults seek technologies and services to help them maintain cognitive function, independence, and quality of life.
Increasing awareness of mental health
Digital brain health tools and services are typically associated with cognitive function and neurological disorders and have a role in mental health. As awareness of mental health increases, there is a growing demand for digital tools to help individuals manage their mental health and improve their overall well-being. Growing popularity of meditation and mindfulness apps, such as Headspace and Calm, which offer guided meditation sessions and other tools to help users manage stress, anxiety, and depression. These apps have seen a significant increase in usage during the COVID-19 pandemic as individuals seek ways to manage their mental health while social distancing and dealing with the stresses of the pandemic.
Digital brain health tools can also play a role in preventing mental health disorders
For example, some apps and programs use cognitive training exercises to help individuals build resilience and improve their ability to cope with stress, which can reduce the risk of developing mental health disorders. Thus, as awareness of mental health continues to grow, there is a growing demand for digital brain health tools and services to help individuals manage their mental health and improve their overall well-being. Tools, such as meditation apps, digital CBT programs, and cognitive training exercises, are well-positioned to meet this demand and play an important role in the future of brain health care.
Key Market Challenges:
Limited accessibility is causing hindrances to the market
Limited accessibility to digital technology and services can be a major restraint to the growth of the digital brain health market. Some individuals, particularly older adults or those living in rural areas, may not have access to the technology or internet connection required to use digital brain health tools and services. Also, it may be expensive and unaffordable for some individuals, particularly those who do not have health insurance coverage or who are on a limited income. Some digital brain health tools and services may only be available in certain languages, limiting accessibility for individuals who speak other languages.
Furthermore, limited education and awareness about the benefits of digital brain health tools and services can also be a barrier to accessibility, as individuals may not know that these tools exist or how to use them. Thus, limited access to digital technology and services can significantly restrain the growth of the digital brain health market. To address these barriers, it is important to develop more affordable and accessible digital tools and services and provide education and awareness campaigns to help individuals understand the benefits of these tools and how to use them. Additionally, expanding internet access and technology infrastructure can help increase accessibility for individuals who may not currently have access to these resources.
Key Market Opportunities:
These are the following factor which is likely to create opportunity over the forecast period.
Segments Insights:.
Functionality Insights:
On the basis of functionality, the digital brain health market is divided into electronic health records (EHR), clinical functionality, care plans/health management, clinical decision support (CDS), administrative functionality, e-prescribing, telehealth, financial functionality, and others, with the clinical functionality segment accounting for most of the market. This is because clinical functionality tools are designed specifically for healthcare providers and are used for clinical assessment, diagnosis, and treatment of brain health disorders.
These tools can include digital assessments, therapy programs, and remote monitoring solutions that enable healthcare providers to better manage patient care. Clinical functionality tools are particularly important in the digital brain health market because they help address some of the key challenges associated with traditional approaches to brain health, such as limited access to specialists, high costs, and stigma around seeking care. Digital solutions that provide clinical functionality can help improve access to care, reduce costs, and improve patient outcomes by enabling earlier diagnosis and treatment of brain health disorders.
Component Insights:
On the basis of the component, the digital brain health market is divided into devices and software, with the software accounting for most of the market. Software solutions are generally more flexible, scalable, and cost-effective than hardware solutions. Additionally, software solutions can be more easily updated and customized to meet the changing needs of healthcare providers and patients.
The software component of the digital brain health market includes a wide range of digital tools and applications, such as mobile apps, telehealth solutions, clinical decision support systems, and electronic health records. Healthcare providers can use these software solutions to support patient care and improve outcomes. Thus, further boosting demand for the digital brain health market software segment.
End-User Insights:
On the basis of end-user, the digital brain health market is divided into specialty clinics, hospitals, and others, with the hospitals accounting for most of the market because they provide a wide range of healthcare services and have a high volume of patients with brain health disorders. Digital solutions can help hospitals improve patient outcomes, reduce costs, and improve operational efficiency by enabling earlier diagnosis, more effective treatment, and better management of patient care.
Regional Insights:
On the basis of geography, North America dominates the market, primarily driven by several factors, such as an aging population, increasing prevalence of neurological disorders, and growing awareness and adoption of digital health technology. As the demand for digital brain health tools and services continues to grow, this market is expected to grow significantly in the coming years.
Europe is a significant market for digital brain health, with Germany, the United Kingdom, and France being the major contributors to the market's growth. The market is driven by the increasing prevalence of brain health disorders, rising awareness about mental health, and the adoption of digital health technologies by healthcare providers and patients. Some of the key players in the European digital brain health market include Akili Interactive, CogniFit, NeuroNation, Lumosity, Pear Therapeutics, and Happify Health. These companies offer innovative digital solutions to help individuals assess, monitor, and improve brain health.
The region in Asia-Pacific is anticipated to have the greatest CAGR. This growth is primarily driven by the growing burden of brain health disorders in Asia-Pacific. With the increasing adoption of digital technologies and solutions, healthcare providers can improve access to care, enhance patient outcomes, and reduce healthcare costs. However, regulatory challenges and data privacy concerns remain major challenges to the growth of the digital brain health market in the Asia-Pacific region. Additionally, cultural and language barriers may need to be addressed to ensure the region's effective adoption and use of digital brain health solutions.
Recent Developments:
Some of the prominent players in the digital brain health market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2023 to 2033. For this study, Nova one advisor, Inc. has segmented the global digital brain health market.
By Functionality
By Component
By End-User
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Digital Brain Health Market
5.1. COVID-19 Landscape: Digital Brain Health Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Digital Brain Health Market, By Functionality
8.1. Digital Brain Health Market, by Functionality, 2024-2033
8.1.1 Electronic Health Records (EHR)
8.1.1.1. Market Revenue and Forecast (2021-2033)
8.1.2. Care Plans/Health Management
8.1.2.1. Market Revenue and Forecast (2021-2033)
8.1.3. Financial Functionality
8.1.3.1. Market Revenue and Forecast (2021-2033)
8.1.4. Clinical Functionality
8.1.4.1. Market Revenue and Forecast (2021-2033)
8.1.5. Clinical Decision Support (CDS)
8.1.5.1. Market Revenue and Forecast (2021-2033)
8.1.6. E-Prescribing
8.1.6.1. Market Revenue and Forecast (2021-2033)
8.1.7. Telehealth
8.1.7.1. Market Revenue and Forecast (2021-2033)
8.1.8. Administrative Functionality
8.1.8.1. Market Revenue and Forecast (2021-2033)
8.1.9. Others
8.1.9.1. Market Revenue and Forecast (2021-2033)
Chapter 9. Global Digital Brain Health Market, By Component
9.1. Digital Brain Health Market, by Component, 2024-2033
9.1.1. Software
9.1.1.1. Market Revenue and Forecast (2021-2033)
9.1.2. Devices
9.1.2.1. Market Revenue and Forecast (2021-2033)
Chapter 10. Global Digital Brain Health Market, By End-User
10.1. Digital Brain Health Market, by End-User, 2024-2033
10.1.1. Specialty Clinics
10.1.1.1. Market Revenue and Forecast (2021-2033)
10.1.2. Hospitals
10.1.2.1. Market Revenue and Forecast (2021-2033)
10.1.3. Others
10.1.3.1. Market Revenue and Forecast (2021-2033)
Chapter 11. Global Digital Brain Health Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.1.2. Market Revenue and Forecast, by Component (2021-2033)
11.1.3. Market Revenue and Forecast, by End-User (2021-2033)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.1.4.2. Market Revenue and Forecast, by Component (2021-2033)
11.1.4.3. Market Revenue and Forecast, by End-User (2021-2033)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.1.5.2. Market Revenue and Forecast, by Component (2021-2033)
11.1.5.3. Market Revenue and Forecast, by End-User (2021-2033)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.2.2. Market Revenue and Forecast, by Component (2021-2033)
11.2.3. Market Revenue and Forecast, by End-User (2021-2033)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.2.4.2. Market Revenue and Forecast, by Component (2021-2033)
11.2.4.3. Market Revenue and Forecast, by End-User (2021-2033)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.2.5.2. Market Revenue and Forecast, by Component (2021-2033)
11.2.5.3. Market Revenue and Forecast, by End-User (2021-2033)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.2.6.2. Market Revenue and Forecast, by Component (2021-2033)
11.2.6.3. Market Revenue and Forecast, by End-User (2021-2033)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.2.7.2. Market Revenue and Forecast, by Component (2021-2033)
11.2.7.3. Market Revenue and Forecast, by End-User (2021-2033)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.3.2. Market Revenue and Forecast, by Component (2021-2033)
11.3.3. Market Revenue and Forecast, by End-User (2021-2033)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.3.4.2. Market Revenue and Forecast, by Component (2021-2033)
11.3.4.3. Market Revenue and Forecast, by End-User (2021-2033)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.3.5.2. Market Revenue and Forecast, by Component (2021-2033)
11.3.5.3. Market Revenue and Forecast, by End-User (2021-2033)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.3.6.2. Market Revenue and Forecast, by Component (2021-2033)
11.3.6.3. Market Revenue and Forecast, by End-User (2021-2033)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.3.7.2. Market Revenue and Forecast, by Component (2021-2033)
11.3.7.3. Market Revenue and Forecast, by End-User (2021-2033)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.4.2. Market Revenue and Forecast, by Component (2021-2033)
11.4.3. Market Revenue and Forecast, by End-User (2021-2033)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.4.4.2. Market Revenue and Forecast, by Component (2021-2033)
11.4.4.3. Market Revenue and Forecast, by End-User (2021-2033)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.4.5.2. Market Revenue and Forecast, by Component (2021-2033)
11.4.5.3. Market Revenue and Forecast, by End-User (2021-2033)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.4.6.2. Market Revenue and Forecast, by Component (2021-2033)
11.4.6.3. Market Revenue and Forecast, by End-User (2021-2033)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.4.7.2. Market Revenue and Forecast, by Component (2021-2033)
11.4.7.3. Market Revenue and Forecast, by End-User (2021-2033)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.5.2. Market Revenue and Forecast, by Component (2021-2033)
11.5.3. Market Revenue and Forecast, by End-User (2021-2033)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.5.4.2. Market Revenue and Forecast, by Component (2021-2033)
11.5.4.3. Market Revenue and Forecast, by End-User (2021-2033)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Functionality (2021-2033)
11.5.5.2. Market Revenue and Forecast, by Component (2021-2033)
11.5.5.3. Market Revenue and Forecast, by End-User (2021-2033)
Chapter 12. Company Profiles
12.1. Linus Health
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Medibio
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. The Echo Group
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Spring Care
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Inc. Qualifacts Systems, Inc.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. NXGN Management
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Netsmart Technologies
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. IBM
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Holmusk
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Core Solutions, Inc.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers