Global Digital Health Market: Market Segments: By Technology (Mobile Health, Electronic Health Record, Telemedicine & Healthcare Analytics); By Component (Software, Hardware and Services); By End User (B2B & B2C); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
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.
Global Digital Health Market is expected to project a notable CAGR of XX.X% 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 of XX.X% during 2019-30
Global Digital Health Market is segmented by technology into mHealth, tele healthcare, digital healthcare systems and healthcare analytics. The greater market share in 2018 was accounted 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.
Global Digital Health Market: Market Dynamics
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.
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. In addition, 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.
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 advance 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.
Global Digital Health Market: Key Players
• Allscripts Healthcare Solutions
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• AT & T
• Cisco Systems
• Health Lab
• Koninklijke Philips N.V.
Global Digital Health Market report also contains analysis on:
Global Digital Health Market Segments:
• Mobile Health (mHealth)
o Connected devices
o mHealth apps
• Electronic Health Record (EHR)
• Healthcare Analytics
By End User:
• Business-to-Business (B2B)
• Business-to-Consumers (B2C)
o Pharmaceutical Companies
• 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