Digital Health Market Trends, Growth, & Key Business Strategies by Leading Industry Players Allscripts, McKesson Corporation, Cerner, Siemens Healthineers, Qualcomm, Truven Health Analytics, Athenahealth and Cisco Systems

Coherent Market Insights has announced the addition of the “Digital Health Market Size Status and Forecast 2026”, The report classifies the global Digital Health Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Digital Health Speaker market, analyzes and researches the Digital Health Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America and Rest of the World. This report focuses on the top players in global market, like Allscripts, McKesson Corporation, Cerner, Siemens Healthineers, Qualcomm, Truven Health Analytics, Athenahealth and Cisco Systems.

Digital health integrates advanced technologies that utilizes digital, mobile, and cloud-based platforms to offer better healthcare service to patients. Digital health platforms such as tele medicine, tele care enables health providers to communicate with patients. Digital health synergies right information at the right place at the right time for healthcare provider. Furthermore, digital health utilizes mobile health (mHealth), health information technology (IT), wearable devices, tele health and telemedicine, and personalized medicine. Digital health platform brings the stakeholder in healthcare system such as patients, health care practitioners, researchers, medical device industry firms, and as mobile application developers (mHealth provider) to make healthcare system efficient.

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Various advantage of digital health offers are that it reduce inefficiencies, improve access to healthcare services even to distant location, reduces healthcare costs, increases quality aspect of healthcare and make medicine more personalized and efficient for patients. Digital health platforms such as mHealth makes self-monitoring of health parameters by patient possible and at the same time remote monitoring this parameters by health care provider.

Digital health is a new age platforms that deals with prime focus on consumer centric healthcare approach which results in efficient and quality healthcare at much lesser cost than traditional healthcare ecosystem. It is broad term that covers various aspects of healthcare ecosystem bind together with thread of digital mediums in order to provide most handy health care service with ease of access to all stakeholders. It covers various stakeholders of healthcare ecosystems such as healthcare provider, patients, payer, pharmaceutical companies and other new stakeholders such as information and technology companies. Overall digital health covers diagnosis, treatment, consultation and long term care services at economy of cost with greater access than old location based system of healthcare

Market Growth:

Various combinations of factors makes market for digital health a lucrative. Larger number of population crossing age 60 and above worldwide leads to higher requirement of healthcare needs with more emphasis on long term care and chronic disease care. Developed markets such as U.S. and Europe are especially witnessing higher number of population 65 and above. According to the U.S. Census Bureau’s report of 2017, there were 47.8 million people aged 65 years and older in the U.S. in 2015 accounting for 14.9% of the total population, a 1.6 million increase from that in 2014. Europe is currently having highest 65 years and above age population which is 25% of entire population according to the Population Prospect Report of the United Nations published in 2017. Tele Care and Tele Medicine are important digital health platform for this population as they don’t have to take efforts of visiting physician in person. Another important factor for growth of the digital health market would be high technological penetration in the digital health domain. For instance, cloud based electronic medical record which could be shared amongst entire healthcare stakeholders would make entire health operation smooth and efficient.

Increased user base of smartphones and tablets across globe especially in the developing countries would lead to higher adoption of digital health platform. According to statistics provided by the Pew Research Centre in 2016, 72% population of the U.S. has smartphone access, around 59% of Chinese population and around 45% of Indian population possess smartphone. The number of internet users in India is expected to reach 450-465 million by 2020 as per estimation of the Internet and Mobile Association of India in 2017. This is important market trend as mHealth platform could directly get influenced with higher penetration of smartphones.

Various fitness apps, health apps and health appointment consultation would see rising prospects with higher mobile and internet user base. Platforms such as online pharmacy would also witness upward market growth. Shortage of healthcare providers worldwide would lead higher utilization of digital health platform.

Global Digital Health Market, By Technology Platform

Tele health
Tele Medicine
Tele Care
mHealth

Digital Health Information Systems
EMR/HER
Clinical Decision Support System (CDSS)
Computerized Physician Order Entry (CPOE)

Diagnostic and Monitoring Devices
Therapeutic Devices
Digital Medicine
Respiratory Therapy Devices
Insulin Pumps

Global Digital Health Market, By End Users

Business to Consumers
Business to Business

What Information does this report contain?

-Historical data coverage: 2013 to 2017; Growth Projections: 2018 to 2026.
-Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
-6-7 year performance forecasts: major segments covering applications, top products and geographies.
-Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Population across globe is slowly observing growth in median age with higher number of people crossing age bracket of 60 and above. According to the Population Prospects Report of United Nations published in 2017, in 2017, there are an estimated 962 million people aged 60 or over in the world (13 per cent of the global population). The population aged 60 or above is growing at a rate of about 3 per cent per year and it would reach to 1.4 billion by the year 2030. Such high number of aging population would be immensely benefitted with digital health platform such as tele care and tele medicine in which remote diagnosis and remote monitoring is possible.

Increased prevalence of the chronic disease and need for continuous monitoring would be another important driver for positive outlook of the digital health market during the forecast period.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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