IMARC Group, a leading market research company, has recently releases report titled “Digital Health Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global digital health market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the digital health market?
The global digital health market size reached US$ 353 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,039 Billion by 2028, exhibiting a growth rate (CAGR) of 19.4% during 2023-2028.
What is digital health?
Digital health is a specialized field that encompasses the use of technology and data to enhance healthcare delivery and patient management. It involves the integration of digital tools such as electronic health records, telemedicine, wearable devices, and data analytics to provide personalized, efficient, and timely healthcare services.
Characteristically, digital health is recognized for its ability to improve access to care, enhance patient engagement, and streamline clinical workflows, utilizing innovative technologies such as cloud computing, artificial intelligence, and mobile applications. It comes in various forms, such as remote patient monitoring, virtual consultations, and health information exchanges, to cater to different healthcare needs and patient populations. Features often include real-time data analysis, secure communication platforms, and user-friendly interfaces. The design intricacies of digital health technologies directly impact their effectiveness and usability, making the selection and implementation an essential part of modern healthcare.
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What are the growth prospects and trends in the digital health market?
The increasing emphasis on patient-centric care and the growing need for efficient healthcare systems are key drivers propelling the growth of the digital health market globally. Coinciding with this trend, digital health solutions are increasingly recognized for their role in transforming healthcare delivery and enhancing patient outcomes, significantly influencing market growth.
Additionally, the increasing demand from various sectors, including hospitals, clinics, and public health agencies for innovative and accessible healthcare technologies, is accelerating market expansion. Furthermore, the need for compliance with regulations pertaining to data security, quality standards, and interoperability is fueling the market's growth. The global healthcare and technological landscape, along with governmental policies supporting digital innovation and integrated care, is fostering a positive market outlook. Other factors, such as investments in research for developing innovative digital health solutions, and the emergence of companies specializing in digital health platforms and services, are boosting market growth worldwide.
Who are the key players operating in the digital health industry?
The report has also analyzed the competitive landscape of the market with some of the key players.
- iHealth Lab Inc.
- AllScripts Healthcare Solutions Inc.
- AirStrip Technologies
- Qualcomm Technologies
- Cerner Corporation
- McKesson Corporation
- Kininklijke Philips N.V.
- LifeWatch AG
- Biotelemetry Inc.
- eClinicalWorks
- Omron Healthcare
- Athenahealth Inc.
- ATT
What is Included in market segmentation?
The report has categorized the market based on type, component and region.
Breakup by Type:
- Telehealth
- Medical Wearables
- EMR/EHR Systems
- Medical Apps
- Healthcare Analytics
- Others
Breakup by Component:
- Software
- Hardware
- Service
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analytics
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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