BANGALORE, India, April 23, 2020 /PRNewswire/ -- The global digital health market size is expected to reach USD 385.8 Billion by 2025 from an estimated market size of USD 103.1 Billion in 2019, at a CAGR of 24.6 % during the forecast period.
Digital health is the integration of emerging technology with wellness, education, living and community to increase the quality of healthcare delivery and make medicine more personal and accurate.
The digital health market report offers a comprehensive overview of market leaders and offers details on the competencies and strengths of these businesses. The study also includes data on the competitive environment of the industry and offers information on the products provided by different companies.
TRENDS INFLUENCING THE DIGITAL HEALTH MARKET SIZE:
The growing demand for remote monitoring services due to the rising occurrence of chronic diseases worldwide is one of the major factors driving the growth of digital health market size.
Growing advances in healthcare IT, along with favourable government legislation, have increasingly promoted the adoption of various healthcare IT solutions, such as electronic medical records, e-prescribing systems, remote patient tracking, and wearable medical devices. These factors would fuel the growth of the global economy.
The digital health market size is driven by the increase in penetration of smartphones and other mobile applications among healthcare professionals and physicians to monitor and access medical information.
REGION WISE DIGITAL HEALTH MARKET ANALYSIS
North America accounted for the largest digital health market share of the in 2017. This is mainly due to growing policy funding for improving healthcare delivery systems in the country, growing geriatric population, and increasing knowledge of various digital health technologies through various workshops and conferences, primarily in the U.S.
Asia Pacific is projected to see a lucrative growth over the forecast period due to the growing penetration of smartphones and smart wearable devices and the growing adoption of mHealth services. Medical device companies are continually partnering with software developers to create different monitoring and diagnostic tools, making it easier for patients to connect with healthcare professionals. Emerging economies like Malaysia and Thailand are also promoting the production of low-cost mobile technology.
Digital Health Market Segment By Regions/countries, This Report Covers
- United States
- Southeast Asia
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Digital Health Market Segment By Type:
- Hospital information system (HIS)
- Clinical information system (CIS)
- Other GP or specialty systems
- Integrated health information exchange networks (HIE/EHR)
- Secondary-usage non-clinical systems (care analytics, public health and research).
Digital Health Market Segment By Application, Split Into
- Wireless health
- Mobile health
This Report Focuses On The Global Top Players, Covered
- General Electric
- Koninklijke Philips
VIEW SIMILAR REPORTS
● mHealth Market Report
The mHealth market size was estimated at USD 46.048 Billion in 2019 and is forecast to hit USD 230.419 Billion by 2027, with a CAGR of 22.3 percent from 2020 to 2027.
mHealth – also known as mobile health – refers to the practice of medicine and public health assisted by electronic devices such as cell phones, laptops, personal digital assistants and wireless networks. All the patient data from these devices are collected and is stored on a remote cloud. This collected data is used by healthcare professionals to evaluate parameters specific to the medical condition.
Significant factors that lead to the growth of the mHealth market include a rise in the prevalence of lifestyle disorders, the convergence of wireless technology with portable healthcare devices, technological advances and favourable policy initiatives. Moreover, the affordability of smartphones and the increase in the adoption of mHealth among medical professionals are boosting the mobile health market development.
● Digital Healthcare Market Report
In 2019, the global Digital Healthcare market size amounted to USD 175.760 Billion and is expected to hit USD 277.970 Billion by the end of 2026, with a CAGR of 6.7% by 2021-2026.
Digital health involves the advancement of integrated health systems to expand the use of computing technology, mobile devices, predictive research methods and digital platforms to help health practitioners and their clients handle diseases and safety threats, as well as to encourage wellness and well-being.
This report focuses on the global f Digital Healthcare market prospects, growth opportunities, key markets and key players. The objectives of the study are to present the advancement of digital health care in North America, Europe, Asia-Pacific and ROW.
● Digital Health Service Market Report
This study focuses on the global Digital Health service market future projections, growth prospects, key markets and key players.
● E-Health Services Market Report
E-Health is a developing field in the intersection of medical informatics, public health and business. Propelling factors for the growth of the e-health market include growth in IoT and technological advances, growing preference for mobile technology and the Internet, and rising demand for public health management.
Furthermore, growing awareness among people about e-health and rising acceptance among healthcare professionals, coupled with proof of the efficiency of the use of e-health technology, are expected to result in significant growth in the e-Health Service market.
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