Digital Health Market is valued at USD 178.14 Billion in 2021 and expected to reach USD 560.75 Billion by 2028 with the CAGR of 17.8% over the forecast period.
Increasing adoption of technology and launch of products, rising demand for mobile health apps and growing government support for digital transformation of healthcare are major factors anticipated to drive the growth of the Global Digital Health Market.
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Scope of Digital Health Market Report–
The connection between healthcare and technology is digital health. Diseases can be prevented with the help of at lower healthcare costs, while helping patients monitor and manage chronic conditions. Personalized medicines, mobile health (mHealth) apps, electronic medical records (EMRs), electronic health records (EHRs) digital health includes mobile health (mHealth) apps, electronic wearable devices as well as telehealth and telemedicine are included in digital health. Digital healthcare tools give increased efficiency and improved medical outcomes. It also offer healthcare providers a wide view of patient health by significantly increasing access to health data and giving patients greater control over their health.
Digital Health Market Key Players:
- Cerner Corporation Computer Programs and Systems, Inc.
- Telefónica S.A.
- Mckesson Corporation
- QSI Management, LLC
- Vodafone Group
- AirStrip Technologies
- Google, Inc.
- Epic Systems Corporation
- Samsung Electronics Co., Ltd.
- IBM Corporation
Global Digital Health Market Segmentation:
- Telehealth Technology
- Wearable Technology
- Mobile Health Technology
By End Users
- Healthcare Providers
- Healthcare Consumers
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Blessing Health System Partners with Biofourmis to Launch Home Hospital Services
30th March, 2022; A Boston-based global leader in virtual care and digital therapeutics Biofourmis, announced that it was designated by Blessing Health System in Quincy, Ill., as the technology solutions partner for its newest program, for delivering acute-level hospital care inside patients’ homes.
GE Healthcare Launched Comprehensive Digital Health Platform
16th March 2022; At HIMSS22, GE Healthcare has announced its intention to introduce the Edison Digital Health Platform, a vendor-agnostic hosting and data aggregation platform with an integrated artificial intelligence engine. To effectively deploy the clinical, workflow, analytics and AI tools that would support the improvement of care delivery the platform was developed to enable hospitals and health systems.
North America is Expected to Dominate the Global Digital Health Market
The North America expected to dominate the digital healthcare market due to increasing number of geriatric populations, rising prevalence of chronic diseases and advancements in healthcare information technology. For instance; as per rural health information hub there are more than 46 million older adults age 65 and older living in the U.S.; by 2050, that number is expected to grow to nearly 90 million. Thus, increasing geriatric population is expected to boost the market growth due to need of digital healthcare. In addition, rising prevalence of chronic diseases is also adding growth to the market. For example; as per Centers for Diseases Control and Prevention six in 10 adults in U.S have chronic diseases. Moreover, advancements in healthcare information technology are boosting the market growth. For instance; in April 2021 American Telemedicine Association (ATA) partnered with UK-based digital health and launched a new resource for evaluating mHeath app.
Asia Pacific is expected to be second fastest growing region for the global digital health market due increasing adoption of digital healthcare infrastructure, rising number of internet users and growing healthcare industry in emerging countries. Increasing adoption of digital healthcare due to Covid-19 is also driving the market growth of digital health in Asia Pacific region. In addition, rising number of internet users fueling the market growth. For instance, as per findly.in there was a 24% increase in the internet user base from 2015-2020 and the number of internet users in India stood at approximately 687.6 million in 2020. Moreover, growing healthcare industry in emerging countries augmenting the market growth.
By Regional Analysis
- Rest of Europe
- South Korea
- Rest Of APAC
- Rest of South America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of the market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are the main factors responsible for new product launches?
- How big are the global & regional markets in terms of revenue, sales, and production?
- How far will the market grow in the forecast period in terms of revenue, sales, and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2028?
- Which region has more opportunities?
Key Benefits of Global Digital Health Market Report-
- Global Digital Health Market report covers in-depth historical and forecast analysis.
- Global Digital Health Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
- Global Digital Health Market report helps to identify opportunities in marketplace.
- Global Digital Health Market report covers extensive analysis of emerging trends and competitive landscape.
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