Global Digital Health Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

"Global Digital Health Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global digital health market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global digital health market report has been segmented on the basis of product type, component, end-user, and region.

Introduction  

Digital health uses digital, mobile, and cloud-based platforms in order to offer better healthcare service to patients. Digital health platforms include tele medicine, mobile health (mHealth), health information technology (IT), wearable devices, and personalized medicine. Digital health platform brings patients, health care practitioners, researchers, medical device manufacturers, and mobile application developers (mHealth provider) in healthcare system in order to develop effective healthcare system. Digital health covers cost-effective diagnosis, treatment, consultation, and long term care services as compared to the traditional healthcare system.

Market Dynamics

Rising technological advancements in healthcare IT such as cloud-based storage system along with and growing preference towards smartphones and tablets by healthcare professionals in order to keep track and monitor patient health are major factors expected to drive growth of the global digital health market over the forecast period. For instance, increasing adoption of cloud-based electronic medical record in order to shared electronic record with entire healthcare stakeholders for smooth and efficient operation. In addition, increasing government initiatives towards adoption of various healthcare IT solutions such as electronic medical records, e-prescribing systems, remote patient monitoring, and wearable medical devices. These are some other factors expected to further fuel growth of the target market over the forecast period. Furthermore, growing aging and geriatric population coupled with high prevalence of chronic disease is another factor expected to boost growth of the target market over the forecast period.

However, increasing security concerns related to patient data is a key factor expected to restrain growth of the global digital health market over the forecast period. In addition, higher capital cost for installation of technologically advanced systems is another factor expected to hamper growth of the target market in the near future.

Increasing demand for cloud-based systems along with mobile apps are expected to create potential revenue opportunities for players operating in the global digital health market over the forecast period.

Analysis by Region

The market in north America is expected to dominate the global digital health market in terms of revenue over the forecast period, owing to increasing incidence of chronic diseases and government initiatives such as rising funding in electronic medical records (EMR) across various countries in this region. The market in Europe is expected to register significant share over the forecast period, owing to increasing demand for technologically advanced products and government initiatives for implementation of e-Health law across various countries in this region.

Global digital health market segmentation:

Segmentation by product type:

• Healthcare Information Systems
  • Clinical Solutions
    • EHR/EMR
    • Clinical Decision Support System (CDSS)
    • Computerized Physician Order Entry (CPOE)
    • mHealth
      • Connected Medical Devices
      • mHealth Applications
        • Fitness Apps
        • Medical Reference
        • Wellness
        • Medical Condition Management
        • Nutrition
        • Remote Consultation
        • Reminders and Alerts
        • Diagnostics
      • mHealth Services
    • Telehealth
    • Population Health Management
  • Non-clinical Solutions
• Wearable Devices
  • Diagnostic and Monitoring Devices
  • Digital Therapeutic Devices
    • Pain Management Devices
    • Rehabilitation Devices
    • Respiratory Therapy Devices
    • Insulin Pumps

Segmentation by component:

• Hardware
• Software
• Services

Segmentation by end-user:

• Business-to-Business (B2B)
• Business-to-Consumers (B2C)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Allscripts Healthcare Solutions Inc.
• McKesson Corporation
• eClinicalWorks LLC
• Cisco Systems, Inc.
• QUALCOMM Incorporated
• Philips Healthcare Informatics, Inc.
• AT&T Inc.
• Apple Inc.
• AirStrip Technologies, Inc.
• Cerner Corporation