Sandy, Utah, USA, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Digital Health Market Size, Trends and Insights By Technology [Tele-healthcare {Telecare (Activity Monitoring, Remote Medication Management), Telehealth (LTC Monitoring, Video Consultation)}, mHealth {Wearables (BP Monitors, Glucose Meter, Pulse Oximeter, Sleep Apnea Monitors, Neurological Monitors), Apps (Medical, Fitness)}, Health Analytics, Digital Health System (EHR, e-prescribing System)], By Component [Hardware, Software, Services], Industry Analysis Report, Regional Outlook Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2030” in its research database.
“According to the latest research study, the demand for global Digital Health Market size & share was valued at approximately USD 181.6 Billion in 2021 and is expected to reach USD 218.7 billion in 2022 and is expected to reach a value of around USD 1.5 Trillion by 2030, at a compound annual growth rate (CAGR) of about 29.2%during the forecast period 2022 to 2030.”
Digital health refers to the application of information and communication technology in the healthcare field for the remote management of chronic conditions. Mobile health (mHealth), wearable technologies, telehealth and telemedicine, health information technology (IT), and customized medicine are all part of the digital health sector.
Click Here to Access a Free Sample Report of the Global Digital Health Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=19027
The healthcare sector has undergone a digital change, including software, hardware, and services. The expanding elderly population, childhood illnesses and deaths, high costs, difficulties connected to poverty, and racial discrimination related to access to health care have made the need for medical reform particularly pressing. Additionally, pandemics and epidemics have given digital health a high degree of relevance. However, this field is still developing and is expected to increase significantly throughout the projected period.
The key factors driving the market are the rising need for accurate and timely information and the increasing desire to reduce medical costs. The adoption of digital health market software solutions will also be influenced by consumer shifts toward value-based care, increased demand for effective management of organizational workflows in healthcare organizations, and various private and public initiatives to build healthcare IT infrastructure.
(A free sample of the Digital Health report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Digital Health report has been modified to include the COVID-19 impact study prior to delivery.)
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Market Dynamics
Drivers
Due to the constant demand for innovation, healthcare innovation is expected to grow. Consumer desire for more convenience, personalization and quality over the past ten years has driven innovation in almost every business. Consumers are starting to want the same things from their healthcare experiences as they do from their experiences in retail, travel, entertainment, or hospitality. Also, patients and healthcare providers are clients in the industry and are both significant forces behind innovation. The same technological advancements that have been taking place for years in consumer industries are now being applied to the healthcare industry in response to customer demands for better, quicker, more intuitive, and more effective healthcare products.
Mobile applications have the potential to significantly enhance patient care in several ways, including disease diagnosis and the use of wearables and ingestible sensors. Now that people live in the digital age, they depend more on intelligent gadgets. They still rely on their cell phones to manage calendars, plan work and business activities, stay updated and connected on social media, schedule doctor appointments, and schedule healthcare check-ups. The creation of healthcare apps is now both a need and a luxury. Due to technological improvements and interference, the healthcare sector has undergone significant changes.
Earlier, a conservatively managed healthcare company’s product development and launch cycles have often lasted eight years or longer. Things have changed since then. The reaffirmed emphasis on digital solutions has sped up the development of healthcare technology linked to treatments. New digital trends are emerging, such as the adoption of connected health devices, 3D printing, etc., due to the greater inclusion of new tech tools such as IoT, machine learning, and AI that unavoidably come with increased and quick digital health solutions. The involvement of IT in healthcare is proving to be an edge, and benefits are seeing lucrative growth. Hence, digital healthcare is rapidly increasing across the globe.
Key questions answered in this report:
- What is the size of the Digital Health market and what is its expected growth rate?
- What are the primary driving factors that push the Digital Health market forward?
- What are the Digital Health Industry's top companies?
- What are the different categories that the Digital Health Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Digital Health market sample report and company profiles?
Click Here to Access a Free Sample Report of the Global Digital Health Market @ https://www.custommarketinsights.com/report/global-digital-health-market/
Restraints.
The value of the enterprise may be diminished by worries about the security of patient data. Strict data protection is required when using digital health solutions, including e-prescriptions, electronic health records, and medical applications. A breach in data security can cause significant losses of vital and private information, such as social security numbers, insurance IDs, addresses, and medical information found in medical records, which can severely affect the operations’ reputation and results. In addition, cyber security problems sometimes include haphazard individual efforts to obtain illegal access to information technology systems targeted at consumers, third-party service providers, hospitals, and doctors.
Opportunities.
Moving healthcare delivery from curative to preventative will help achieve several objectives, including enhancing resource efficiency, cutting expenses, raising accessibility, and enhancing quality. In addition, the new digital health model will be crucial in helping emerging countries overcome many obstacles to healthcare delivery, such as increasing access, cost, quality, and safety.
A severe lack of resources and infrastructure hinders healthcare services in many developing nations, particularly in rural regions. For example, most people in Africa—62 percent—live in rural areas with little access to medical care. In South Africa, an ongoing power problem makes it challenging for hospitals to run continuously, particularly in their critical care units. India has a patchwork public healthcare system with underfunded hospitals and clinics and inadequate health-related programs, with an average of 0.7 hospital beds per 1,000 of its population. These problems are an opportunity for the digital healthcare market.
Challenges.
The requirement for physical separation has focused the attention of patients and healthcare professionals on digital health, and the decrease in opposition to telemedicine has given people the chance to understand its benefits. The COVID-19 pandemic has made clear the necessity for rigorous review and the development of ethical issues alongside the developing area of digital healthcare, in addition to the requirement for data exchange.
Obtaining informed patient permission will be a significant obstacle in ensuring transparency regarding the data acquired and the people that have access to it. The main barriers preventing the growth of digital health are the absence of evidence-based digital health standards, privacy concerns, data governance, and ethical issues.
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Report Highlights.
Based on product & service, the eHealth category is expected to grow at the most significant CAGR over the anticipated period due to the rise in chronic illness prevalence, a spike in demand for telehealth & telemedicine, and a rise in internet users.
Based on components, the software segment is the leading segment and is expected to contribute to the digital health market significantly. Because of improvements in healthcare information technology, an increase in demand for healthcare cost reduction, and growth in the need for structured data and workflow in the healthcare industry, the market for software components is rising.
The popularity of the newest mobile healthcare applications has significantly improved with technological improvements. Due to the low cost of various software applications, the software industry is also anticipated to increase positively. Additionally, growing public interest in their health and fitness and advanced knowledge of different digital health technologies to keep track of everyday activities would boost market demand.
Regional Snapshots.
North America held a dominant position and is predicted to be dominating during the forecast period in the digital health market. The region’s increase is primarily attributable to the region’s expanding chronic illness prevalence and senior population. The population is estimated to have reached 28% by the end of 2050, according to the United Nations World Population Ageing study issued in 2015. Additionally, the market is expanding quickly due to the rising popularity of mHealth apps and the high use of wireless & mobile health services.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 181.6 Billion |
| Projected Market Size in 2030 | USD 1.5 trillion |
| CAGR Growth Rate | 29.2% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | Apple Inc., Telefónica S.A., CISCO Systems Inc., Cerner Corporation, QSI Managemen LLC, Allscripts, AT&T, Vodafone Group, AirStrip Technologies, IBM Corporation, Mckesson Corporation, Epic Systems Corporation, Google Inc., Samsung Electronics Co. Ltd., HiMS, Softserve, MQure, Computer Programs and Systems Inc., Vocera Communications, Orange, Qualcomm Technologies Inc., and Others |
| Key Segment | By Product & Service, Component, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
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Browse the full “Digital Health Market Size, Trends and Insights By Technology [Tele-healthcare {Telecare (Activity Monitoring, Remote Medication Management), Telehealth (LTC Monitoring, Video Consultation)}, mHealth {Wearables (BP Monitors, Glucose Meter, Pulse Oximeter, Sleep Apnea Monitors, Neurological Monitors), Apps (Medical, Fitness)}, Health Analytics, Digital Health System (EHR, e-prescribing System)], By Component [Hardware, Software, Services], Industry Analysis Report, Regional Outlook Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2030” Report at https://www.custommarketinsights.com/report/global-digital-health-market/
Key Players
- Apple Inc.
- Telefónica S.A.
- CISCO Systems Inc.
- Cerner Corporation
- QSI Managemen LLC
- Allscripts
- AT&T
- Vodafone Group
- AirStrip Technologies
- IBM Corporation
- Mckesson Corporation
- Epic Systems Corporation
- Google Inc.
- Samsung Electronics Co. Ltd.
- HiMS
- Softserve
- MQure
- Computer Programs and Systems Inc.
- Vocera Communications
- Orange
- Qualcomm Technologies Inc.
Recent Developments.
- AT&T announced a collaboration with LifedMedID and Elo Self-Service Solutions in March 2020. The collaboration intended to improve patient check-in and registration processes. By extending AT&T’s edge-to-edge digital healthcare solutions to improve patient outcomes, this strategic agreement expands AT&T’s market footprint.
- Philips revealed in February 2021 that it had successfully acquired BioTelemetry, Inc., a significant American supplier of remote cardiac diagnosis and monitoring. Phillips anticipates that this purchase approach will aid in the market-wide expansion of both its client base and company portfolio.
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Segments covered in the report
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By Technology
- Telehealthcare
- Telecare
- Activity Monitoring
- Remote Medication Management
- Telehealth
- LTC Monitoring
- Video Consultation
- Telecare
- mHealth
- Wearables
- BP Monitor
- Glucose Meter
- Pulse Oximeter
- Sleep Apnea Monitors
- Neurological Monitors
- Others
- Apps
- Medical apps
- Fitness apps
- Wearables
- Healthcare analytics
- Digital health systems
- Electronic health record (EHR)
- E-prescribing systems
By Component
- Hardware
- Software
- Services
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Digital Health Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for Digital Health? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Digital Health Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was the Global Market Status of the Digital Health Market? What Was the Capacity, Production Value, Cost and PROFIT of the Digital Health Market?
- What Is the Current Market Status of the Digital Health Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Digital Health Market by Considering Applications and Types?
- What Are Projections of the Global Digital Health Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Digital Health Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact on Digital Health Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are the Market Dynamics of the Digital Health Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Digital Health Industry?
Directly Purchase a copy of the Digital Health report [220+ Pages] @ https://www.custommarketinsights.com/report/global-digital-health-market/
Reasons to Purchase Digital Health Market Report
- Digital Health Market Report provides qualitative and quantitative market analysis based on segmentation involving economic and non-economic factors.
- Digital Health Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Digital Health Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Digital Health Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Click Here to Access a Free Sample Report of the Global Digital Health Market @ https://www.custommarketinsights.com/report/global-digital-health-market/
Reasons for the Research Report
- The study provides a thorough overview of the global Digital Health market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Digital Health market analysis.
- The competitive environment of current and potential participants in the Digital Health market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and Industry Vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Digital Health market should find this report useful. The research will be useful to all market participants in the Digital Health Industry.
- Managers in the Digital Health sector are interested in publishing up-to-date and projected data about the worldwide Digital Health market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Digital Health products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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