The Digital Health Market was valued at USD 206.8 Bn in 2021, at CAGR of 18.4% during the forecast period (2022-2030), and the Market is projected to be worth USD 945.6 Bn by 2030.
The increased adoption of Digital Health in the Healthcare IT industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Digital Health also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Digital Health in many sectors also boosts the market growth during the forecast period.
The application of information and communication technology in the healthcare industry for the treatment of chronic disease in distant places is referred to as digital health. Mobile health (mHealth), wearable devices, telehealth & telemedicine, health information technology (IT), and customised medicine are all part of the digital health sector. It provides a variety of services to consumers, including early detection of life-threatening diseases and chronic illness management.
Digital Health Market Research Report” was just released by Market Research Community. It is divided into several categories, including Product & Service (mHealth (mHealth Services (Prevention Services, Diagnostic Services, Monitoring Services), mHealth Devices (Blood Glucose Meter, BP Monitors, Pulse Oximetry))), Component (Software, Hardware, Services), End User (Healthcare Providers, Payers, Healthcare Consumers, Others) and companies (Softserve; MQure; Computer Programs and Systems, Inc; Vocera Communications; IBM Corporation; CISCO Systems, Inc., Cerner Corporation; Allscripts; Apple Inc; Telefonica S.A.; McKesson Corporation; Epic Systems Corporation; QSI Management, LLC; AT&T; Vodafone Group; Airstrip Technologies; Google, Inc; Samsung Electronics Co. Ltd; HiMS; Orange; Qualcomm Technologies, Inc), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 18.4%, over the forecast period of 2022–2030
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||945.6 Billion|
|By Product & Service||mHealth (mHealth Services (Prevention Services, Diagnostic Services, Monitoring Services), mHealth Devices (Blood Glucose Meter, BP Monitors, Pulse Oximetry))|
|By Component||Software, Hardware, Services|
|By End User||Healthcare Providers, Payers, Healthcare Consumers, Others|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Softserve; MQure; Computer Programs and Systems, Inc; Vocera Communications; IBM Corporation; CISCO Systems, Inc., Cerner Corporation; Allscripts; Apple Inc; Telefonica S.A.; McKesson Corporation; Epic Systems Corporation; QSI Management, LLC; AT&T; Vodafone Group; Airstrip Technologies; Google, Inc; Samsung Electronics Co. Ltd; HiMS; Orange; Qualcomm Technologies, Inc|
The COVID-19 pandemic has had a substantial negative influence on the Digital Health market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Softserve; MQure; Computer Programs and Systems, Inc; Vocera Communications; IBM Corporation; CISCO Systems, Inc., Cerner Corporation; Allscripts; Apple Inc; Telefonica S.A.; McKesson Corporation; Epic Systems Corporation; QSI Management, LLC; AT&T; Vodafone Group; Airstrip Technologies; Google, Inc; Samsung Electronics Co. Ltd; HiMS; Orange; Qualcomm Technologies, Inc
Market Segment Analysis:
By Product & Service
- Blood Glucose Meter
- BP Monitors
- Pulse Oximetry
- Neurological Monitors
- Cardiac Monitors
- Apnea & Sleep Monitors
- Wearable Fitness Sensor Devices & Heart Rate Meters
- Prevention Services
- Diagnostic Services
- Monitoring Services
- Treatment Services
- Wellness & Healthcare System Strengthening Solutions
- Vendor Neutral Archive (VNA) and Picture Archiving & Communications Systems (PACS)
- Electronic Health Records (EHR
- Laboratory Information Systems (LIS)
- Prescribing Solutions
- Medical Apps
- Clinical Decision Support Systems (CDSS)
- Pharmacy Information Systems
By End User
- Healthcare Providers
- Healthcare Consumers
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Digital Health industries in the region.
Key Digital Health Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Digital Health Market segments.
– Largest Market Share Held by Industry to Industry for Digital Health
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Digital Health Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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