Digital Health Market Opportunities, Insights,Trends and Future Outlook By 2030

 

Digital Health Market Overview

According to the research report published by Market Research Future Reports, the global Digital Health Market has observed a tremendous growth by 23.7% CAGR, which is estimated to expand till the year 2030. Later, this market gained USD 1.3 trillion by 2030, which is expected to grow in the future timeline.

Digital healthcare includes a wide range of end-uses in the healthcare sector where digital technology has been used to increase the efficacy of healthcare systems. The advent of digital technology has been a key driver for the healthcare sector, as it has enabled easy and accurate data logging as well as analysis. This has provided the healthcare sector the ability to outsource the menial tasks in the healthcare sector’s processes to machines and concentrate on improving core competencies, helped by digital technology.

It has been observed that increasing demand for remote monitoring services owing to rising incidences of chronic diseases globally. This has been a significant factor propelling the global digital health market during the forecast period. Mainly, remote monitoring uses technology to monitor changes in the health of patients, who are suffering from chronic diseases. These factors are generally augmenting the digital health market growth for the future timeline.

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KeyPlayers

 The Prominent Players in the Global Digital Health Market are  Cerner Corporation (US), Cisco Systems, Inc (US), Koninklijke Philips NV (The Netherlands), BioTelemetry, Inc. (US), McKesson Corporation (US), General Electric Company (US), AT&T Inc.(US), EClinicalWorks (US), Allscripts Healthcare, LLC (US), Athenahealth Inc. (US), iHealth Lab Inc. (US), Qualcomm Technologies, Inc.(US).

Market Segmentation

Technology has segmented the Global Digital Health Market, Delivery Mode, Application, Components and End User.

Based on technology, the market has been bifurcated into digital health systems, mhealth, telehealthcare, and healthcare analytics. 

The market has been segregated into neurology, diabetes, sleep apnea, oncology, cardiology, and others, based on application.

Based on delivery mode, the market has been bifurcated into on-premise and cloud-based.

Based on components, the market has been divided into software, services, and hardware.

The Global Market, based on end user, has been segmented into healthcare payers, healthcare providers, pharmaceutical companies, and others.

Regional Analysis

The regional-based Global Digital Healthcare Sector has been split into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

the global market is slated to witness substantial growth in the Americas. Rising expenditure on healthcare and the introduction of healthcare information technologies will contribute to an increase in this sector (IT). According to the Centers for Medicare and Medicaid Programs, the healthcare sector in the US grew by around 3.9 percent in 2017, reaching USD 10,739 per person.

During the study period, the European market for digital healthcare is projected to be the second highest. It is expected that rising demand in the field to reduce healthcare costs, advance technology and boost healthcare systems and services would have a positive influence on the digital health market in Europe.

Due to the evolving healthcare system and a growing number of healthcare IT firms, Asia-Pacific is expected to be the fastest growing market. Furthermore, the rise in R&D centres and the emergence of top companies in developed countries are driving growth in demand in this region.

Demand for the Middle East & Africa is predicted to grow at a steady rate. The increasing government support for the healthcare IT industry in the Middle East and rapid technological advances are pushing the sector's growth around the world.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

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