Product Overview
Intersection of genomic & emerging technologies with healthcare and society is emerging health. It helps to generate customized and reliable medications and also increases healthcare delivery quality. Continuous tracking has been made simple and viable by digital health. The use of digital health has contributed to an increase in the quality of life and a decrease in total spending. The discipline requires the use of ICTs to help overcome the health issues and difficulties faced by people under care. These innovations provide solutions and services for both hardware and software, including telemedicine, web-based research, email, cell phones and apps, text messages, wearable devices, and sensors for clinical or remote monitoring. Digital health is primarily concerned with the advancement of integrated health systems to facilitate the use of computational technology, mobile devices, techniques for computational analysis, and communication media.

Market Highlights
Global Digital Health Market is expected to project a notable CAGR in 2030.
Global Digital Health Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. Growing penetration of smartphones and tablets, increasing demand for remote patient monitoring services, creative mobile health (mHealth) technology applications, increasing demand for advanced health information systems, and government funding for these solutions are expected to drive the growth of the global digital health market over the coming years.

Global Digital Health Market: Segments
mHealth Segment to grow with the highest CAGR during 2019-30
Global Digital Health Market is segmented by technology into mHealth, telehealthcare, digital healthcare systems, and healthcare analytics. The greater market share in 2018 was accounted for by mHealth segment and is expected to see the highest growth during the forecast period. The mHealth includes wearables, mHealth apps, and services. The dominance of the segment is due to the ability of technology to distribute knowledge and information to a broad population more rapidly. The availability of more health apps coupled with increased accessibility has resulted in rising market demand mHealth segment over the forecast period. The usage of mHealth technologies by patients and health care providers also accelerates the growth of the segment. Besides, the key factors driving the mHealth segment are increasing penetration of smartphones and internet access and increased adoption of mHealth technologies by physicians and patients.

Services Segment to grow with the highest CAGR during 2019-30
Global Digital Health Market is segmented by component into Hardware, Software, and Services. The greater market share in 2018 was accounted for by the services segment owing to factors such as rapid hardware and software development and an increase in the number of software updates. These facilities include different operations, such as installation, training and integration, and updating. Besides, the demand for software platforms such as Electronic Health Records (EHR) is driving demand for services as businesses are increasingly focused on delivering post-installation services, including training, optimization, staffing, clinical and other services. Whereas rapid technical developments and rising wearable device penetration are the main factors driving consumer demand for hardware. in the market.

Global Digital Health Market: Market Dynamics
Drivers
Growing Cloud Computing based Applications
Growing application of cloud computing in healthcare settings is one of the major trends being observed in the digital health industry. Computing resources have become cheaper, more efficient, and more readily accessible than before because of the rapid advancement in processing and storage technologies. This technological trend has allowed the development of a new model of computing, called cloud computing, in which on-demand services are supplied to users through the internet. Medical applications, such as pharmacy orders and physician inquiries, are included in these resources; and non-clinical applications, including sales cycle management and patient billing.

Government Initiative for Digital Health Solutions
Increasing funding from government organizations plays a key role in the digital health market’s growth. Several government agencies provide support for the introduction of digital technologies in healthcare facilities, in the form of funding and initiatives. Government measures such as awareness campaigns and healthcare IT R&D funding are expected to fuel the growth of the sector. The goal of those initiatives was to increase access to medical care. The growth of the digital health market is also driven by the rising demand for an integrated healthcare information system.

Restrain
High cost of Digital Health products
A key factor expected to restrict the growth of the global digital health market over the forecast period is the growing security issues related to patient data. Besides, a further factor expected to hamper the growth of the target market in the near future is higher capital costs for the construction of technologically advanced systems. The growth of the global digital health market is also limited by stringent regulatory requirements in the United States and risks associated with data privacy and protection.

Global Digital Health Market: Key Players
Allscripts Healthcare Solutions
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
AT & T
Athenahealth
Biotelemetry
Cerner
Cisco Systems
eClinicalWorks
Health Lab
Koninklijke Philips N.V.
LifeWatch
McKesson
Qualcomm
RightPatient
Caradigm
Global Digital Health Market: Regions
Global Digital Health Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.

Global Digital Health Market in North America held the largest market share of XX.X% in the year 2018. The rising prevalence of chronic diseases and higher smartphone use have contributed to the region’s growth in the industry. In addition, consumer growth has been propelled by the availability of advanced coverage networks. Due to the growing demand for technologically advanced products and government initiatives for the implementation of e-Health legislation across different countries in this region, the market in Europe is expected to register a significant share over the forecast period. Asia-Pacific, however, is expected to experience prosperous growth during the forecast period. The increasing involvement of companies with medical devices is the driving force for the growth of the industry. In addition, the growing production of software has expanded the market base in different countries as well.

Competitive Landscape:
Global Digital Health market, which is highly competitive, consists of several major players such as Qualcomm Incorporated, Cerner Corporation hold a substantial market share in the Global Digital Health market. Other players analyzed in this report are AT&T Inc., Apple Inc., AirStrip Technologies LP, Alcatel-Lucent Corporation, Cerner Corporation, Symantec Corporation, Aruba Networks, Inc., Cisco Systems, Inc., Qualcomm, Inc., Siemens Healthcare, and Philips Healthcare among others

Recently, various developments have been taking place in the market. For instance, In July 2020, Allscripts Healthcare Solutions Inc. and Microsoft Corporation extended their strategic partnership for five years, to expand the development and delivery of cloud-based health IT solutions.

Global Digital Health Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Digital Health Market report also contains analysis on:
Global Digital Health Market Segments:

By Technology:
Mobile Health (mHealth)
Connected devices
mHealth apps
Services
Electronic Health Record (EHR)
Web/cloud-based
On-premises
Telemedicine
Teleconsulting
Telemonitoring
Tele-education
Teletraining
Healthcare Analytics
Descriptive
Predictive
Prescriptive
By Component:
Hardware
Software
Services
By End User:
Business-to-Business (B2B)
Patients
Caregivers
Business-to-Consumers (B2C)
Providers
Payers
Employers
Pharmaceutical Companies
Others
Global Digital Health Market Dynamics
Global Digital Health Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints

The post Global Digital Health Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030 first appeared on CRI Report.

Keen to monetize their vast wireless network assets, mobile operators view mHealth as a substantial revenue opportunity – and many are extending beyond providing pure connectivity services, towards end-to-end mHealth offerings such as remote patient monitoring.

mHealth also offers a wealth of opportunities to the pharmaceutical industry, ranging from accelerated clinical trial innovation and medication adherence monitoring to securing the supply chain and combating counterfeit drugs. In addition, with the increasing prevalence of mobile apps that provide therapeutic impact, the digital therapeutics space is beginning to emerge, which may one day rival mainstream pharmaceuticals in areas such as chronic disease care.

Other stakeholders that are set to benefit from mHealth include but are not limited to connected medical and wearable device OEMs, app developers, Big Data and analytics specialists, cloud computing giants, and even ride-hailing providers such as Uber and Lyft – whose platforms are increasingly being integrated with healthcare IT systems, letting healthcare providers improve their level of care by booking rides for their patients.

Driven by the thriving ecosystem, SNS Telecom & IT estimates that the mHealth market will account for more than $28 Billion in 2018 alone. Despite barriers relating to regulation, patient acceptance and privacy concerns, SNS Telecom & IT estimates further growth at a CAGR of approximately 30% over the next three years.

The “mHealth (Mobile Healthcare) Ecosystem: 2018 – 2030 – Opportunities, Challenges, Strategies & Forecasts“ report presents an in-depth assessment of the mHealth ecosystem including market drivers, challenges, enabling technologies, applications, key trends, standardization, regulatory landscape, case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for mHealth investments from 2018 till 2030. The forecasts are segmented for 5 submarkets, 29 use case categories, 5 ecosystem player categories, 6 geographical regions and 34 countries.

The report comes with an associated Excel datasheet suite covering quantitative data from all numeric forecasts presented in the report.

Topics Covered
The report covers the following topics:
– The scope and implementation of mHealth across the globe
– mHealth technology
– Market drivers and key benefits of mHealth
– Challenges and inhibitors to the mHealth ecosystem
– mHealth standardization and regulatory initiatives
– mHealth opportunities, use cases and applications
– mHealth deployment case studies
– Value chain analysis of the mHealth ecosystem and the recognition of key players in each segment of the value chain
– mHealth future roadmap: 2018 – 2030
– Key trends in the mHealth ecosystem: cloud-based mHealth services, digital medicine, connected drug delivery, population health management, regulatory developments, and the impact of LTE/5G networks.
– The role of IoT and wearable technology in the mHealth ecosystem
– Profiles and strategies of over 310 leading and emerging mHealth ecosystem players
– Strategic recommendations for mobile operators, enabling technology providers, mHealth device OEMs, application developers, healthcare service providers and pharmaceutical companies
– In-depth analysis for 5 individual submarkets and their associated mHealth application use cases:
○ Pharmaceutical Applications
○ Medical Information & Healthcare Management
○ Healthcare & Fitness
○ Remote Consultation/Diagnostic Services
○ IoT, Wearable Technology, Sensor & Monitoring Applications
– Market analysis and forecasts from 2018 till 2030

Forecast Segmentation
Market forecasts are provided for each of the following 5 submarkets and their 23 use case categories:

Pharmaceutical Applications
– Safety Data Collection
– Consumer Education
– Medical Education
– Post–Market Monitoring
– Drug Authentication
– Social Media
– Patient Compliance & Retention: Clinical Trials

Information & Healthcare Management
– Electronic Health/Medical Records & Tracking Tools
– Diagnostic Tools & Medical Reference
– Continuing Medical Education
– Awareness Through Alerts
– Logistical & Payment Support

Healthcare & Fitness
– Medical Compliance
– Fitness & Nutrition Apps
– Clinical Decision Support Systems
– Prescribable Mobile Apps

Remote Consultation/Diagnostic Services
– Mobile Video Consultations, Collaboration & Surgery
– Non-Video Consultations & Collaboration
– Remote Collaboration in Emergency Situations

IoT, Wearable Technology, Sensor & Monitoring Applications
– Health and Wellness Monitoring
– Disease Surveillance/Remote Monitoring
– Diagnostic Tools
– Technical Logistics

Revenue is also split by ecosystem player:

Ecosystem Player Segmentation
– Mobile Operators & Connectivity Providers
– Mobile & mHealth Device OEMs
– Content & Application Providers
– Healthcare Service Providers
– Pharmaceutical Industry
– The following regional and country markets are also covered:

Regional Markets
– Asia Pacific
– Eastern Europe
– Latin & Central America
– Middle East & Africa
– North America
– Western Europe

Country Markets
– Argentina, Australia, Brazil, Canada, China, Czech Republic, Denmark, Finland, France, Germany, India, Indonesia, Israel, Italy, Japan, Malaysia, Mexico, Norway, Pakistan, Philippines, Poland, Qatar, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Taiwan, Thailand, UAE, UK, USA

Additional forecasts are provided for the following:
– IoT connections for mHealth applications
– Health and fitness-centric wearable device shipments
– Mobile video calling users
– Annual throughput of mobile network data traffic
– Smartphone, feature phone, tablet, desktop PC and notebook shipments
– Mobile network subscriptions by region
– Cost saving potential of mHealth by region
– Big Data & analytics technology investments in the healthcare sector

Key Questions Answered
The report provides answers to the following key questions:
– How big is the mHealth opportunity?
– What trends, challenges and barriers are influencing its growth?
– How is the ecosystem evolving by segment and region?
– What will the market size be in 2021 and at what rate will it grow?
– Which regions and countries will see the highest percentage of growth?
– How is the mHealth value chain structured and how will it evolve overtime?
– What level of cost savings can mHealth facilitate for healthcare service providers in each region?
– What will be the installed base of IoT connections for mHealth applications in 2021?
– How many mHealth-centric wearable devices will be shipped in 2021?
– Are digital therapeutics a threat to the pharmaceutical industry?
– What are the key applications of LTE and 5G networks in the mHealth arena?
– What considerations should be taken into account to devise a successful mHealth strategy for hospitals and other healthcare delivery environments?
– Who are the key ecosystem players and what are their strategies?
– What strategies should mobile operators, enabling technology providers, mHealth device OEMs, healthcare service providers, pharmaceutical companies and application developers adopt to capitalize on the mHealth opportunity?

Key Findings
The report has the following key findings:
– Driven by the thriving ecosystem, SNS Telecom & IT estimates that the mHealth market will account for more than $28 Billion in 2018 alone. Despite barriers relating to regulation, patient acceptance and privacy concerns, SNS Telecom & IT estimates further growth at a CAGR of approximately 30% over the next three years.
– With ongoing advances in key enabling technologies such as the miniaturization of sensors and the development of 5G NR (New Radio) platforms, a spate of new applications are beginning to emerge – ranging from connected drug delivery platforms to UHD (Ultra High Definition) video streaming for remote medical examinations.
– SNS Telecom & IT estimates that annual unit shipments of health and fitness-centric wearable devices will surpass 105 Million by the end of 2018. In order to gain valuable insights from the data generated by these devices, healthcare providers and other stakeholders are increasingly investing in Big Data and analytics technology.
– As key stakeholders realize the revenue potential of mHealth, a spate of prominent strategic partnerships are beginning to emerge. For example, pharmaceutical giant Novartis has recently partnered with digital therapeutics specialist Pear Therapeutics to co-develop prescription mobile apps aimed at treating patients with multiple sclerosis, schizophrenia and substance use disorder.

The post The mHealth (Mobile Healthcare) Ecosystem: 2018 – 2030 – Opportunities, Challenges, Strategies & Forecasts first appeared on CRI Report.