Digital Health Market Rising at 2%CAGR to 2024: Analysis of Key Players, Trends, Drivers, & Challenges

MarketStudyReport.com Adds New “Global Digital Health Market research report for the period of 2017 – 2024 to its research database covering information and data by Product, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast spreading across 850 Pages with table and figures in it.

Digital Health Market will cross USD 379 billion by 2024, according to a new research report.

Digitization in the healthcare space along with the buzzing trend of IoT (Internet of Things) worldwide, will propel the digital health industry growth over the coming seven years. The evolving smart healthcare technology across the globe is expected to enhance the industry outlook over the coming timeframe. According to Global Market Insights, Inc., “Digital health industry size is estimated to surpass USD 379 billion by 2024.” Widespread application of remote patient monitoring solutions along with favorable government policies will help in creating an advanced healthcare infrastructure worldwide. Moreover, growing penetration of smartphones, mobiles, and tablets is expected to noticeably boost the digital health market trends over the coming years.

The new technological breakthroughs in healthcare IT industry along with improvements in healthcare services is expected to build a profitable roadmap for the digital health market. Rampant use of mHealth technologies by healthcare service providers for monitoring patient health will also bring a significant surge in the mHealth market, in turn proliferating the digital health industry over the next few years.

Get sample Copy of this report: https://www.marketstudyreport.com/request-a-sample/467853/?utm_source=OPR-SL

Considering the technological trends in the digital health business space, health analytics market size will witness a considerable growth over the next few years, having reached a targeted revenue of over USD 4 billion in 2015. Digital health systems market value estimated at USD 32 billion in 2015, is expected to observe a high surge over 2016-2024, primarily driven by growing consumer awareness about EHR (Electronic health record) and rising interoperability trend.

Geographically, US digital health market will dominate the global industry, with target revenue poised to surpass USD 152 billion by 2024. Rise in aging population base suffering from chronic ailments coupled with introduction of HIPAA & HITECH acts will positively impact the regional growth. Rapid technological changes, rise in sale of smartphones, growing popularity of eHealth cards, and government support for e-health will contribute significantly towards Germany digital health industry, which contributed over 30% of the global market share in 2015. Japan digital health market size will surpass USD 20 billion by 2024, due to the growing popularity of health care technologies along with improved healthcare services at lower costs.

Global digital health market share is highly fragmented, with big multinational corporations, local industry players, and start-up firms trying to capture maximum share and establish their market position. Key industry players will try to increase their revenue by introducing new technologies in the digital health business and investing heavily in R&D projects. Key market players include McKesson Corporation, Philips Healthcare, Qualcomm, AT & T, LifeWatch, Cisco Systems Incorporation, eClinicalWorks, Cerner Corporation, iHealth Labs, and athenahealth Incorporation.

Growth drivers:
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
Growing venture capital investments
Industry pitfalls & challenges
Security concerns regarding patient data
High capital expenditure and maintenance requirement

Related Report:
Global Nerve Monitoring Systems Market 2018-2022

About Nerve Monitoring Systems Nerve monitoring systems are used to identify, diagnose, and monitor nerves in the spinal cord and peripheral nerve dysfunctions. It also monitors functional integrity…

https://www.marketstudyreport.com/reports/global-nerve-monitoring-systems-market-2018-2022/?utm_source=RR-SL

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Market Study Report
The Green Suite #4594,
Dover, DE 19901
United States
Phone: 1-201-355-0868
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
News: https://www.marketstudyreport.com/category/news-releases/

This release was published on openPR.