The digital health market size is anticipated to reach $767.7 billion with a 17.9% CAGR from 2021 to 2030. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.
The Healthcare sector is one of the major industries where the adoption of advanced technologies and digitization has grown rapidly in the last few years. Undeniably, digital health technology has helped healthcare providers in identifying new critical illnesses, monitoring health conditions, enhancing treatment outcomes, and predicting the onset of diseases in the recent times. Digital health technology covers everything starting from wearable devices, health information technology (IT), mobile health apps, embedded sensors, artificial intelligence (AI) or robotic care, personalized medicine, telehealth & telemedicine.
In addition, the outbreak of the COVID-19 pandemic has boosted the growth of the market even more by giving way to rapid adoption of virtual applications by healthcare organizations worldwide. During the first and second waves of the pandemic, the hospitals and healthcare providers had to face a lot of difficulty in carrying out proper treatments both in and out of hospitals while maintaining social distancing norms. This in turn, created a huge demand for digital health in healthcare sector for the hassle-free and easy management of treatment for COVID-19 patients across the globe.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/11299
Based on product and service, the market is segmented into mHealth and eHealth. The eHealth segment dominated the market in 2020 and this trend is expected to continue during the forecast period due to the prevalence of chronic diseases, increase in demand for telehealth and telemedicine, and increase in the number of internet users.
Based on 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.
Based on region, North America is currently dominating the market with the highest market share, owing to the presence of key market players in this region. The Asia-Pacific region, at the same time, is expected to manifest the fastest growth rate, attributed to numerous factors such as rise in geriatric population, surge in prevalence of chronic diseases, rapid adoption of smartphone and internet users, advancements in healthcare information technology, and increase in funding from private & government organizations for mobile health startup.
𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲: https://www.alliedmarketresearch.com/purchase-enquiry/11299
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