NEW YORK, May 30, 2018 (GLOBE NEWSWIRE) -- The digital health market size is witnessing a huge growth potential in the near future. The market is driven by factors, such as growing demand for advanced healthcare information system, growing investments by HIT players, growing need for remote patient monitoring services, increasing demand of mHealth technologies, and increasing support from government organizations.
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The acceptance of digital healthcare systems in the emerging economies, such as China and India, in the forthcoming years would provide enormous growth potential for the digital health market. The growth would be driven by the increasing emphasis of HIT players and continual investments from both public and private sectors. Healthcare facilities in developing economies have not progressed as of developed countries, such as the U.S. and Germany. Digital health technologies which includes EHR and telehealth, widens the scope of improvement within the healthcare facilities in the developing nations. Digital health care systems are at incipient stages in emerging economies reflecting several commercial prospects in this segment.
Growing demand for mHealth technologies is having a positive impact in the growth of the digital health market. The growing geriatric population, increasing burden of chronic diseases, increasing healthcare cost and supportive healthcare regulatory norms are fueling the adoption of mHealth technologies. Additionally, the high penetration of mobile devices has fueled the adoption of mHealth technologies. mHealth technologies help healthcare organizations to reduce medical cost and provide effective remote patient monitoring, as patients need not visit healthcare facilities for regular check-ups. Moreover, mHealth technologies offer various applications for disease and treatment management, and wellness management.
Geographically, North America is the largest digital health market and it has been the largest market in the past as well. North America have been dominating the digital health industry due to improved healthcare infrastructure, increased healthcare spending, and initiatives taken by various government associations for the implementation of digital health technologies in healthcare facilities. In addition, the increasing use of mHealth apps, growing awareness about innovative and advanced applications of medical sensors and increasing incidences of various chronic diseases are also supporting the growth the digital health market in North America.
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Some of the key companies operating in the digital health market include Cerner Corporation, AT&T Inc., General Electric Company, Cisco Systems Inc., Koninklijke Philips N.V., McKesson Corporation, eClinicalWorks, Qualcomm Incorporated, Epic Systems Corporation and athenahealth Inc.
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