A recent report published by Infinium Global Research on digital health market provides an in-depth analysis of segments and sub-segments in global as well as regional digital health market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional digital health market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global digital health market. According to the report, the global digital health market is projected to grow at a CAGR of 14.88% over the forecast period of 2019-2025.

Market Insight

Digital health is the convergence of the digital and genomic revolutions with health, healthcare, living, and society. Patients and consumers use digital health to better manage and track their health and wellness related activities. Many medical devices now have the ability to connect to and communicate with other devices. Devices that are already FDA approved are being updated to add digital features. FDA’s center for devices and radiological health is excited about these advances and the convergence of medical devices with connectivity and consumer technology. Digital health can give people the opportunity to be provided with smart care in a homely environment.

Rapidly improving healthcare IT infrastructure along with remote patient monitoring services drives the growth of the digital health market. Additionally, increasing the occurrence of cardiovascular disorder and the aging population across the world are some of the factors fuelling the growth of the digital health market. However, lack of infrastructure and high capital investment to build the infrastructure in developing economies are likely to restrain the growth of the digital health market. On the other hand, increasing the adoption of cloud-based systems and an increase in demand for mobile apps are providing huge growth opportunities for the key players in the digital health market over the upcoming years. Implementation of eHealth aims at the creation of electronic health card for everyone since 2018 is anticipated to boost business growth. The card will include health data that can be accessible by hospitals, doctors, as well as pharmacies across the nation with patient consent such implementations are most likely to boost the market growth.

Among geographies, the U.S accounted for the largest share in the digital health market. The growth in the U.S region is due to the increase in the occurrence of chronic diseases and the growing elderly population base. Moreover, stringent regulatory norms in the United States and the threat associated with data privacy and security are restricting the growth of the global digital health market. China is anticipated to witness significant growth owing to the high adoption rate of technologies and various supportable initiatives undertaken by the Chinese government to support eHealth. Japan accounted for the largest Asia-Pacific digital health market share owing to the rapid adoption of telehealth and mobile health technology.

Segment Covered

The report on the global digital health market covers segments such as service and end-user. On the basis of service, the global digital health market is categorized into mobile device, cloud based solution, big data analytics, and healthcare mobility. On the basis of end-user, the global digital health market is categorized into clinics, government hospitals, a specialty hospital, and general hospital.

Geographic Coverage

The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2019-2025.

Companies Profiled:

The report provides profiles of the companies in the global digital health market such as Cisco Systems Inc., Qualcomm Inc., Truven Health Analytics, Epic Systems Corp, Siemens Healthineers, GE Healthcare, Philips Healthcare, McKesson Corp, Allscripts Healthcare Solutions Inc, and Cerner Corp.

Report Highlights:

The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global digital health market. Moreover, the IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the digital health market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the digital health market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the digital health market to understand the present and future trends in this market and formulate their strategies accordingly.