Digital Health Market Size, Share and Growth Analysis

Digital Health Market Analysis Size, Growth rate and Overview:

The digital health market was $ 179.6 million in 2016. The market is expected to witness a CAGR of 13.40% to increase between 2017 and 2025, rising to $ 536,600 by the end of 2025. The digital health market is becoming increasingly important worldwide as the spread of diabetes and other chronic diseases increases. With the growing number of government initiatives and the growth of information technology related to health and medical care, the market is expected to see significant growth over the next few years.

The impact of digital technologies between end-user end sectors, such as the public sector, retail, banking, financial services and insurance (BFSI) and manufacturing, is phenomenal 'evolving towards a technology of changing healthcare with increasing end-user dependence on the healthcare platform digital platform. These platforms are increasingly being used to track chronic diseases remotely and to access medical and personal health data over broadband and mobile.

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Digital Health Market Key Drivers, Challenges, and Opportunities:

Technological advances in medical and healthcare infrastructure are expected to support this market over the next few years. It is driven by the increasing use of digital health platforms such as remote sensing, mobile health and other wireless solutions in hospitals and nursing homes to provide healthcare services to patients in real time. Growing health awareness, along with the proliferation of smart phones and tablets, will drive growth in the digital healthcare market between 2015 and 2020. In addition, the penetration of 3G and 4G networks will increase. The growing demand for M-Health (mobile health) with innovative mobile applications and solutions is expected to catalyse the growth of the digital health care market worldwide. However, the stringent regulation in the United States and the threat posed by data protection and privacy are limiting the growth of the global digital health market.

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 Digital Health Market – Regional Presence:

In terms of geography, the world digital health market has been divided into Europe, Asia-Pacific, Latin America, North America, and Middle East and Africa. Among them, North America dominated the world market. Several factors, such as the presence of a large group of players and the strengthening of their cooperation, are fundamental to the strong growth of this regional market. Due to strong demand from Germany and the US, the European digital health market is expected to remain at the top in the coming years. Also, the Asia-Pacific region is likely to offer lucrative opportunities for the growth of the digital health market in the near future.

Some of the Key Players Profiled in this Digital Health Market Report are:

Agfa-Gevaert NV, Cerner Corp., Allscripts Healthcare Solutions Inc., McKesson Corp., Philips Healthcare, GE Healthcare, Siemens Healthcare, Epic Systems Corp., Truven Health Analytics, Qualcomm Inc. and Cisco Systems Inc are some of the most important players in the global market.

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