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Samsung Electronics Co. Ltd. Telefonica S.A. Vodafone Group. Health Care market will have Direct impact due to the spread. The digital health market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments: The above information is provided for the following regions and countries: Need a Discount? 45% of the market’s growth will originate from North America during the forecast period. Digital healthcare provides … Register for a free trial today and gain instant access to 17,000+ market research reports. Furthermore, high rate of technology adoption in the country coupled with relaxation of regulations during the pandemic will drive the local market growth. The European digital health market was valued at nearly USD 37 billion in 2019 and will exhibit rapid growth in the future. As an increasing number of patients turn to digital health technologies, companies are expanding their capabilities to deal with the sudden increase in patient volume. Furthermore, a growing awareness about importance of fitness and health among the population will increase the product adoption, driving the market growth. This launch will increase their customer base and revenue generation in the market. A growing demand for digital health software such as EHRs, fitness and medical apps, and healthcare analytics will drive the segment growth. Digital Health Market size is projected to exceed USD 639.4 billion by 2026; according to a new research report by Global Market Insights, Inc. Digital health industry will witness momentous growth amid the COVID-19 pandemic owing to increasing trends of social distancing and rising adoption of telecommunications for delivering healthcare. Digital Health Market Highlights Market Research Future (MRFR) assessed the global Digital Health Market 2020 across the study period till 2025. As companies work to alleviate these concerns, and bring down the cost of digital health solutions, there will be an increase in product adoption rates. Download a free sample of the digital health market forecast report for insights on complete key vendor profiles. Get more details on this report - Request Free Sample PDF. Request for a FREE sample and Get more information on the market contribution of various segments. Grab your Free Sample now to unlock further information on other key market drivers. In June 2019, Allscripts announced that it acquired ZappRx, a digital health start-up company. Fetch actionable market insights on post COVID19 impact on each segment. Only young people want to use digital services. This report can be personalized according to your needs. However, concerns regarding misuse of patient data and high capital expenditure and maintenance might impede the market expansion during the short run. These factors will drive the regional industry expansion. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients. Get more details on this report - Request Free Sample PDF. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. The COVID-19 pandemic has forced the governments to relax regulations relating to telehealthcare that will augment product demand and propel the market expansion. The global digital health market size was valued at US$116.39 bn in 2019 and expected to hit around US$ 833.44 bn by 2027, with a CAGR of 27.9% from 2020 to 2027.OTTAWA, Nov. 17, 2020 (GLOBE NEWSWIRE) -- Digital Healthcare function is largely based on the electronic health record (EHR), healthcare big data, electronic medical record (EMR), and many others. This digital health market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. One of the more prevalent myths about healthcare is … Growing adoption of mHealth technologies by physicians to prescribe for self-management of chronic illness, such as diabetes, has propelled the growth of the market A shift from paperwork to paperless patient records will cause an increase in demand for digital health systems such as electronic health records (EHRs) and propel the segment growth. Increasing number of pandemic COVID-19 cases across the globe has increased the adoption of digital health technologies. This report is segmented by type of e-Health, type of service (monitoring services, diagnosis services and other types of services), end user, and geography. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. Browse TOC and LoE with selected illustrations and example pages of Digital Health Market. We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Strategic M&A activities among the vendors support the development of efficient products and increase the profit margin of the service providers, contributing to the digital health market share growth. Click here to uncover other successful business strategies deployed by the vendors. The global digital health market size was valued at US$116.39 bn in 2019 and expected to hit around US$ 833.44 bn by 2027, with a CAGR of 27.9% from 2020 to 2027. A few of the major wireless technologies used for digital health are 4G, Bluetooth low energy (BLE), and BodyLAN. Digital Health Market Size By Technology [Tele-healthcare {Telecare (Activity Monitoring, Remote Med... Access to only 1 person; cannot be shared; cannot be printed, Access for 2 to 5 users only within same department of one company, Access to a company wide audience; includes subsidiary companies or other companies within a group of companies, U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Japan, China, India, Australia, Brazil, Mexico, South Africa, AdvancedMD, Inc., Allscripts Healthcare Solutions Inc, BioTelemetry, Inc., eClinicalWorks, iHealth Lab, Inc., McKesson Corporation, Koninklijke Philips N.V., AT & T, Cerner Corporation, Cisco Systems, Athenahealth, Inc., Capsule Technologies (Qualcomm Life), Increasing use of smartphones, tablets and other mobile platforms, Rapidly improving healthcare IT infrastructure in industrialized nations, Favorable government initiatives in U.S and European region, Rising demand for remote patient monitoring services, High capital expenditure and maintenance requirement. Furthermore, due to shutdown of gyms and recreation clubs, there will be a growing demand for fitness apps. Key Companies & Market Share Insights. For more insights on the market share of various regions Request for a FREE sample now! CAGR of the market during the forecast period 2020-2024, Detailed information on factors that will drive digital health market growth during the next five years, Precise estimation of the digital health market size and its contribution to the parent market, Accurate predictions on upcoming trends and changes in consumer behavior, The growth of the digital health industry across North America, Europe, APAC, South America, and MEA, A thorough analysis of the market’s competitive landscape and detailed information on vendors, Comprehensive details of factors that will challenge the growth of digital health market vendors, Financial reports of key industry players, Products and services used to manage or contain the spread of COVID-19 virus, Products and services used for the treatment of COVID-19 virus, Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior, Optimistic, base case, and pessimistic scenarios for all markets as the impact of pandemic unfolds, Pre as well as post COVID 19 market estimates, Quarterly impact analysis as the spread reaches global level and updates on market estimates, Impact of the pandemic on supply chain operations, New product launches in coronavirus-related markets, Significant changes in vendor operations (Including bankruptcy & other implications). Rapidly growing healthcare IT infrastructure in developed and developing countries will be conducive to market growth. Get in touch. GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. Digital Health Market Size And Forecast. The COVID-19 pandemic continues to unfold everyday with severe impact on people, communities, and businesses. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts. Allscripts. The Germany digital health market share was valued at more than USD 11 billion in 2019 and will have substantial growth during the analysis timeframe. The report analyzes the market’s competitive landscape and offers information on several market vendors, including: The digital health market is concentrated and the vendors are deploying growth strategies such as product innovation to compete in the market. Furthermore, it can also be used to triage the patients for treatment, as there has been a shortage of hospital beds due to the growing number of COVID cases. Source: Coherent Market Insights Analysis (2018) Increase in aging population, prevalence of chronic diseases and need for continuous monitoring would propel growth for the digital … Industry Overview. The industry share of digital health is predicted to achieve approximately 28.5% CAGR through 2026. The global digital health market size was valued at US$ 85.0 Billion in 2017 and is expected to witness a CAGR of 23.8% over the forecast period (2018–2026). Digital health refers to the integration of information technology and electronic communications with various healthcare processes. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary. Internal sharing only, Allows all employees of an organization to access the purchased report. Corona virus has had a significant impact on Europe, with Spain and Italy being highly affected. Get in touch with us for special pricing. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth. A growing number of smartphone users across the globe will be a key to driving the market growth. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework. These factors will drive the digital health industry growth. Copyright © 2007-2020 Infiniti Research Limited. The global digital health market is majorly driven by development in the healthcare technology, digitalization of the various devices and increasing spending power of the people. The US is a key market for digital health services and tools in North America. Players, stakeholders, and other participants in the global Digital Health market will be able to gain the upper hand as they use the report as a powerful resource. Growing geriatric population across the continent, coupled with rising incidence of chronic diseases will drive the adoption of novel solutions to manage patient health, boosting the market size. According to Verified Market Research, the Digital Health Market was valued at USD 89.3 Billion in 2018 and is projected to reach USD 579.8 Billion by 2026, growing at a CAGR of 26.2% from 2019 to 2026. Digital Health Market Overview Valued at $101.4 billion in 2019, the global digital health market is projected to advance with a CAGR of 21.8% during the forecast period (2020–2030). The country took on a novel approach to combat the COVID-19 pandemic and adopted digital health extensively to curb the spread. Digital Health Market size was estimated over USD 106 billion in 2019 and the industry will grow at 28.5% CAGR through 2026. This will increase the product demand and propel the market expansion. The e-Health market is expected to register a CAGR of nearly 14.7% during the forecast period, 2020-2025. Due to these primary revenue contributors, digital health market size increased 17.69% year-over-year in 2018. A growing incidence of chronic diseases due to unhealthy lifestyle will increase the patient pool. GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. The health analytics segment was valued at more than USD 9.7 billion in 2019 and is expected to show robust growth during the forecast period. The segment is bifurcated into EHRs and e-prescription software. The highly contagious nature of the virus has driven the caregivers to use digital health technologies such as telehealth to successfully treat patients. Request for a FREE Sample on the Impact of COVID-19. However, competitive situations such as the availability of open-source services will arise that will challenge the growth of the market participants. We can help! Global Digital Health Market size, sales, share, other stats, Impact of COVID-19 Outbreak on Global Digital Health Market, Manufacturers, Contract Manufacturers Suppliers and Recovery Strategy and dynamics such as emerging trends, market opportunity, drivers & challenges to market growth have been included in the latest report published by Goldstein Market Intelligence. This will help companies create strategies to make the most of future growth opportunities. The rising number of COVID-19 cases have created a need for software to record and track the COVID cases, thereby, propelling the demand for EHRs. As the COVID-19 pandemic has forced the hospitals to triage the patients, there will be a growing adoption of remote monitoring solutions to ensure the health of patients with chronic conditions. In April 2019, Advantia Health In April 2019, the company, which is a women’s health group, completed the acquisition of Pacify, a telehealth company that focuses on virtual perinatal care for new and expectant mothers or parents. Qualcomm Technologies Inc. Mqure. global digital health market covers segments, by service (mobile device, cloud based solution, big data analytics and healthcare mobility), end-user (clinics, government hospitals, specialty hospital, general hospital), (region- North America, Europe, Asia-Pacific, RoW), size, trends, CAGR and forecast up to 2024. The presence of better infrastructure and the awareness of technological advances in the healthcare industry will facilitate the digital health market growth in North America over the forecast period. This acquisition has strengthened their digital health product portfolio and expanded their customer base. Digital Health Service Market, Growth, Size, Share, PESTELE, SWOT and Key Players Positioning and Key players – StretchSense Vitali Welbean. The global market for women’s digital health technology will hit $297 million (£227m) in 2024 as device and service providers look to cash in on “one of the largest addressable markets” in digital health, according to a new report. It also permits the use of up to 4 paragraphs or 1 page of the report externally in whitepapers, press releases, and marketing collateral. Novartis Foundation and Ghana Health Service announced the integration and scale-up of telemedicine services across. Toggle navigation. The software segment held nearly 34% of digital health market share in 2019 and will exhibit robust growth over the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the digital health market size. Global Digital Pills Market 2020 Industry Analysis, Size, Share, Growth, Trend and Forecast to 2026|| Proteus Digital Health., Ostuka Holdings Co., Ltd., 2morrow Inc., Ginger, Puretech Health “Global Digital Pills Market Industry Trends and Forecast to 2027” New Research Report Added to Databridgemarketresearch.com database. A growing telemedicine market and a preference for homecare settings will boost the demand for e-prescribing software thus propelling market expansion. One of the major growth-promoting factors in the global digital health market is the increased support of governments across the globe. Pharmaceuticals, Biotechnology & Life Sciences, Electronic Equipment, Instruments & Components, Technology Hardware, Storage & Peripherals, Independent Power and Renewable Electricity Producers, Independent Power Producers & Energy Traders. The digital health market share growth by the wireless health segment will be significant during the forecast period. Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The new Frost & Sullivan Global Digital Health Outlook 2020 analysis predicts the market will exceed $234.5bn (~€212.26bn) by 2023. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. The market size of digital health valued over USD 106 billion in 2019. The software segment held nearly 34% market share in 2019 and will exhibit robust growth over the forecast period. If you may have any questions, please reach out to our customer support team. The profiles include information on the production, sustainability, and prospects of the leading companies. Furthermore, there have been strict lockdowns across the EU nations, which has disrupted the way patients seek care. These factors will drive the segment growth and boost the industry demand. Global Digital Health Market Value (US$ Bn), By Region, 2017. The market will witness significant demand in the future owing to these conditions. As the business impact of COVID-19 spreads, the Digital Health Market 2020-2024 market is expected to have Neutral & At par growth. Global digital health market The global digital health market is expected to increase to over 500 billion U.S. dollars by 2025. In November 2019, Fitbit announced its acquisition by Google, a division of Alphabet Inc. All Rights Reserved. In April 2020, Philips launched a national portal for digital exchange of COVID-19 patient data in Netherlands. These factors will boost the market growth. The global digital health market was valued at US$116.39 billion in 2019 and expected to reach US$ 833.44 billion by 2027, with at a compound annual growth rate (CAGR) of 27.9% during the forecast period 2020 to 2027. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026. Our analysts can customize this report to meet your requirements. From USD 111.4 billion in 2019, the global digital health market is predicted to grow to USD 510.4 billion by 2025, registering a CAGR of 29.0% during the forecast period (2020–2025). To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The healthcare industry’s steady shift toward improved patient outcomes, cost containment, and value-based care is expected to drive the global digital healthcare market from an estimated $147bn in 2019 to $234.5 billion in 2023. These industry players are focusing on several strategies such as acquisitions, partnerships, new product launches, mergers and collaborations to increase their customer base and market share. The digital health systems segment is forecast to exhibit more than 18% CAGR through 2026. The latest survey on Global Digital Health Market is conducted covering various organizations of the industry from different geographies to come up with … Infinium Global Research is a business consulting and market research firm; a group of experts who … Even if the spread of virus is contained, we expect that it may take more than two quarters (six months) to reach a normal state of economic activity. A few key players in the industry are Allscripts Healthcare Solutions Inc, BioTelemetry, Cisco Systems, Honeywell International Inc, Koninklijke Philips N.V., McKesson Corporation, and Cerner Corporation. List of Key Players Covered in The Digital Health Market Report The hardware segment had a market value of more than USD 31 billion in 2019 and is poised to exhibit robust growth during the analysis period. This market is estimated to worth USD 312.6 billion by the end of 2025. The digital health market size is projected to reach around USD 511 billion by 2026 and expanding at a CAGR of 27.7% during the forecast period 2019 to 2026. Segment will be conducive to market growth on US to produce accurate, reliable and timely information this is! The e-Health market is expected to have Neutral & at par growth the increase in and!, raw data excel sheets as well as detailed company profiles approach to combat the pandemic. Market expansion forecast to exhibit more than 18 % CAGR through 2026 days. Will challenge the growth of the market expansion that will augment product demand propel... 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