Digital Health Market : 2018 Prominent Players | Allscripts Healthcare Solutions, AT & T, Athenahealth, Biotelemetry, Cerner, Cisco Systems, eClinicalWorks, iHealth Lab, Koninklijke Philips N.V., LifeWatch, McKesson, and Qualcomm

Digital Health Market to exceed USD 379 billion by 2024 as per a new research report.
Rising usage of mobile platforms such as smartphones, tablets and various apps designed for patient health monitoring is anticipated to augment digital health market growth. Rising government initiatives to promote growth of digital health along with improving IT infrastructure will positively impact market growth over the coming years.
The increasing tele-healthcare services provided by majority of physicians in U.S. and all over world has bridged the communication gap between healthcare provider and patient, increasing patient satisfaction along with reduction in healthcare costs are fueling market growth.

The increasing demand for remote patient monitoring should stimulate market growth as it enables provision of healthcare services to remote locations through mobile platforms and resulting into remote healthcare development. Increasing incidences of chronic illness and global geriatric population will foster digital health market growth over the forecast period.
Security issues regarding patient data, high capital expenditure and maintenance should hamper market growth.

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mHealth market should grow at highest CAGR during the forecast period due to increasing use of smartphones and patient wearable devices comprising biosensors for monitoring various parameters such as blood pressure, glucose and others. These devices enable real time patient monitoring and data recording. Thus, enhancing patient care and healthcare efficiency.
The increasing demand for cost effective solutions coupled with ameliorated patient outcomes and emergence of big data management tools has fueled healthcare analytics market growth. Healthcare facilities collect and store patient information using cloud based, big data management tools to assist in decision making which reduces human errors along with escalating accurate patient outcomes.

U.S. digital health market will witness robust growth over the forecast period. Owing to adoption of advanced healthcare technologies, high disposable income and increasing number of people suffering from lifestyle diseases in the country. Favorable government laws such as HITECH act will promote usage of EHR and E-prescribing in the country.
Increasing geriatric population coupled with rising number of people using smartphones and internet, along with various government initiatives such as Digital India undertaken to promote growth of digital health will fuel Indian digital health market growth over the coming years.

Germany healthcare industry is known for high innovation and constant upgradation of current technologies. Availability of skilled healthcare professionals, high adoption of latest technologies and rising usage of e-health cards will stimulate Germany digital health market growth over the forecast years. Favorable policies such as Hitech strategy will positively affect the market growth.

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Notable industry players are Philips Healthcare, AT & T, McKesson Corporation, Cisco Systems, Ihealth Lab, Cerner Corporation, Athena Health, Biotelemetry, Qualcomm, Lifewatch AG, eClinicalWorks. Industry players are consolidating their market position by introducing innovative cost effective medical solutions in the market. Collaborations and strategic partnerships are the major strategies followed by market players for sustainability.

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