Digital Healthcare Market Size, Trends and Growth Analysis by Technology (Digital Health Systems, Telehealthcare, mHealth, and Healthcare Analytics), by Application (Cardiology, Diabetes, Neurology, Sleep Apnea, Oncology, and others), By Delivery Mode (On-Premise and Cloud-Based), by Components (Software, Services, and Hardware), By End User (Healthcare Providers, Healthcare Payers, Pharmaceutical Companies and others) and by Region (Americas, Europe, Asia-Pacific, and the Middle East & Africa) – Forecast till 2025
Digital Health Market Highlights
Market Research Future (MRFR) assessed the global Digital Health Market 2020 across the study period till 2025. The Digital Health Market size can surge at 26.30% CAGR by 2025. The value for Digital Health Market can be USD 3, 28,887.8 Million on conclusion of the review period. The high traction for electronic medical record (EMR), healthcare big data, and electronic health record (EHR) can favor expansion of the market.
Digital healthcare facilitates offer seamlessness in healthcare-related processes, thus provide easy management of payment procedures, clinical data, claims, and other healthcare activities. These can boost customer convenience that can support expansion of the Digital Health Market in the assessment period.
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Digital Health Market Segment Analysis
The segment assessment for the global Digital Health Market is based on Delivery Mode, Technology, Components, End User, and Application.
The technology-based segments of the Digital Health Market are telehealthcare, digital health systems, healthcare analytics, and m-health. E-prescribing systems and EHR/EMR are sub-segments of the digital health systems segment. Remote medication management, activity monitoring, video consultation, and LTC monitoring are sub-segmenst of the Telehealthcare segment. MHealth apps and wearables are sub-segments of the mHealth segment. Fitness apps and medical apps are some mHealth apps. Wearables are neurological monitors, glucose meters, BP monitors, sleep apnea monitors, and pulse oximeters among others. The digital health systems segment can hold above 44.4% market share by 2025.
The application-based segments of the Digital Health Market are neurology, cardiology, diabetes, oncology, and sleep apnea among others. The cardiology segment can secure about 22.3% share of the global market.
The delivery mode-based segments of the worldwide Digital Health Market are on-premise and cloud based. The software segment can earn about 58.9% share of the market by 2025.
The components-based segments of the Digital Health Market are hardware, software, and services.
The end user-based segments of the global Digital Health Market are pharmaceutical companies, healthcare providers, and healthcare payers among others. The healthcare providers segment can secure about 40.2% share of the market.
Digital Health Market Regional Outlook
Americas, Europe, Asia-Pacific, and the Middle East & Africa are regions that are studied for the Digital Health Market by MRFR for the market research.
In the Americas, the global Digital Health Market is expected to touch decent market share of the worldwide market in the evaluation period. The rise in adoption of electronic medical records (EMRs) and electronic health records (EHRs), along with supportive government initiatives can favor regional market surge. Hike in healthcare funding and growing pressure to boost quality of care at reduced healthcare expenses can drive the market in the Americas.
In Europe, the Digital Health Market can rise to touch substantial value due to existence of reputed market players, such as; Cerner Corporation (US), Allscripts Healthcare, LLC (US), BioTelemetry, Inc. (US), Koninklijke Philips NV (The Netherlands), and Cisco Systems, Inc (US) among others.
In Asia Pacific, the Digital Health Market can expand rapidly due to the presence of developing economies, such as South Korea, and India can favor expansion of the market, along with increase in number of research & development centers.
Middle East and Africa Digital Health Market can witness gradual rise as rise in support from the government and expansion of healthcare IT industry are observed.
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Digital Health Market Key Players
Allscripts Healthcare, LLC (US), Cerner Corporation (US), AT&T Inc.(US), BioTelemetry, Inc. (US), Cisco Systems, Inc (US), McKesson Corporation (US), Koninklijke Philips NV (The Netherlands), Athenahealth Inc. (US), General Electric Company (US), EClinicalWorks (US), Qualcomm Technologies, Inc.(US), and iHealth Lab Inc. (US) are well-known players in the global Digital Health Market that are studied by MRFR for the market research.
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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