According to a new report published by Allied Market Research, titled, “Digital Health Market by Product & Service, Component, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global digital health market size was valued at $145,884.3 million in 2020, and is projected to reach $767,718.9 million by 2030, registering a CAGR of 17.9% from 2021 to 2030.
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Digital Health Market Overview-
Factors driving the growth of the digital health market include the rise in chronic diseases such as hypertension, cancer, cardiovascular disease and diabetes; growth in the aging population; Advances in technology in the healthcare sector and increase in demand for healthcare. For example, according to the American Heart Association, more than 100 million Americans had high blood pressure in 2018.
- The COVID-19 outbreak is anticipated to have a positive impact on growth of the global digital health market.
- The COVID-19 pandemic has stressed the healthcare systems in the world and increased the need for development of healthcare information technology and remote monitoring services.
- It was reported that in the UK, the proportion of doctor visit over video and phone was increased to 48% in 2020
- According to World Health Organization, in 2020, it was reported that 30 out of 53 countries in Europe developed digital contact tracing for COVID-19. Increase in demand for telehealth, healthcare information technology, and mHealth.
Digital Health Market Segmentation:
On the basis of components, the market is classified into software, hardware and services. The software segment dominated the market in 2020 and is expected to continue this trend during the forecast period due to advancements in healthcare information technology, growing demand to reduce healthcare costs, and increasing demand for organized data and workflows in the healthcare sector.
On the basis of end user, the market is segmented into healthcare providers, payers, healthcare consumers and others. The healthcare providers segment dominated the market in 2020, and the trend is expected to continue during the forecast period due to the prevalence of chronic diseases, increase in demand for mHealth apps, and use of innovative technologies in the healthcare sector.
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𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
• Vocera Communications
• AirStrip Technologies
• CISCO Systems Inc.
• Allscripts Healthcare Solution Inc
• Cerner Corporation
• Mckesson Corporation
• Qualcomm Technologies Inc.
• Seimans Healthcare
• GE Healthcare
• Honeywell International
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.