Digital Health Market Share Estimation, Key Players, Future Trends, Growth Insights and COVID-19 Impact Analysis By 2025
Digital Health Market Overview
The global Digital Health Market size is expected to mature at a CAGR of 26.30% and reach USD 3,28,887.8 million by 2025. Growing demand for remote surveillance services due to increasing chronic disease incidences worldwide is a major factor driving the growth of the global market over the projected period. Remote surveillance uses technologies outside of hospital facilities to track health improvements in people suffering from chronic conditions such as Chronic Obstructive Pulmonary Disease (COPD). Such reasons would increase the growth of the digital health sector. EHRS and EMRS’ high rate of acceptance. The introduction of IT in the medical field has resulted in the simultaneous adoption of EHRs and EMRs in recent years. In medical facilities, EHRs and EMRs increase the quality of care.
The secret to driving the growth of the industry would be a rising number of mobile users worldwide. In developed and emerging countries, increasingly rising healthcare IT infrastructure would be conducive to business growth. In addition, the awareness within the populace of the value of exercise and wellbeing would increase the acceptance of the commodity, driving the growth of the industry. Rising numbers of COVID-19 cases around the world have contributed to the imposition by world governments of lockdowns and strict social distancing steps. The extremely contagious aspect of the infection has driven caregivers to effectively treat patients using emerging health technology such as telehealth. This has driven the adoption of the commodity and is projected to propel the expansion of the digital health market.
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The presence of favourable government policies and support for the implementation of digitalized programmes in different countries is expected to accelerate the development of the modern health industry over the coming years.
Digital Health Market Segmentation
Technology, Functionality, Distribution Mode, Components and End User have segmented the Global Digital health market.
The technology-based industry has been categorized into automated health services, telehealthcare, healthcare, and health analytics.
The interactive health care industry has been divided into cardiology, diabetes, neurology, sleep apnea, oncology, and others based on use.
The digital health sector has been divided between on-premise and cloud-depending, based on distribution mode.
The digital health market has been divided into applications, services, and hardware, depending on components.
The end-user-based Global digital health market is categorized into healthcare providers, healthcare payers, pharmaceutical firms, among others.
Digital Health Market Regional Overview
The Global Digital Health Market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The global digital health market is likely to conquer the Americas. Rise in this area can be due to growing spending on healthcare and the implementation of healthcare information technology (IT).
During the study era, the European digital health market is projected to be the second highest. The growing pressure in the area to reduce healthcare prices, advance technologies and enhance healthcare solutions and facilities is projected to have a positive effect on Europe’s digital healthcare sector.
Asia-Pacific, due to the evolving healthcare system and a rising number of healthcare IT firms, is expected to be the fastest-growing sector. In addition, the increase in R&D centres and the presence of top companies in developed countries are fueling demand growth in this area.
The Middle East & Africa demand is expected to rise at a steady pace. The growing government funding for the Middle East healthcare IT industry and rapid technical developments are driving business growth across the country.
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Digital Health Market Competitive Dashboard
The major Players in the Global Digital Health Market are BioTelemetry, Inc. (US), Allscripts Healthcare, LLC (US), Cerner Corporation (US), Cisco Systems, Inc (US), McKesson Corporation (US), Koninklijke Philips NV (The Netherlands), AT&T Inc.(US), Athenahealth Inc. (US), General Electric Company (US), EClinicalWorks (US), iHealth Lab Inc. (US), Qualcomm Technologies, Inc.(US).
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mHealth market size to surpassing a valuation of USD 21.71 billion and rise by a significant CAGR of 36.5% during the forecast period
NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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