Digital Health Market Technological Advancement, Competitive Strategies and Forecast to 2025|Growth by Major Eminent Players: Cerner Corporation, AT & T, Inc., Qualcomm, Inc., Cisco Systems, Inc., Athena Health
Digital Health Market: Industry Trend Analysis
The digital health market is estimated to be around $382 billion by 2025. Digital health is the convergence of digital technologies with healthcare. It facilitates speedy collection of relevant data and in turn the improvement of healthcare services. The global digital health market is rapidly expanding due to high penetration of mobile devices and internet connectivity all over the world. More than one third of the global population is estimated to own a smartphone by 2017. Innovations in technology enabled wearable health monitoring devices have propelled the digital health market to new heights.
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Digital Health Market: Competitive Analysis
The major players in the digital health market focus on continuous innovation to bring new and advanced products in the market and stay ahead of the competition. Also, strategic alliances between the major players keep them above their competitors. New York City Economic Development Corporation (NYCEDC) has announced their 2017 digital health initiative to award $250,000 to top startups in digital health to encourage new startups to innovate and grow. Such initiatives will further drive the competitive forces to be more innovative.
Key players operating in this market are Cerner Corporation, AT & T, Inc., Qualcomm, Inc., Cisco Systems, Inc., Athena Health, Inc., Philips Healthcare, Biotelemetry, Inc., Lifewatch AG, McKesson Corporation, and eClinicalWorks.
Digital Health Market Opportunities:
Digital health offers more advanced and efficient healthcare services than traditional one. Increasing demand for advanced healthcare information systems propose lucrative opportunities for the expansion of digital health market. Remote monitoring services are changing the way health monitoring was perceived traditionally. The home healthcare segment also has enormous scope for the development of advanced innovative products with a rising demand for these products globally. Health analytics is a rapidly growing segment which is expected to see consistent innovations backed by investments from governments as well as large market players.
Digital Health Market Segmentation:
• Remote Medication Management
• Activity Monitoring
• Video Consulting
• LTC Monitoring
• Pulse Oximeters
• Sleep apnea Monitors
• BP Monitors
• Glucose Meters
• Fitness Apps
• Medical Apps
• Health Analytics
• Digital Health Systems
• E-prescribing Systems
• Electronic Health Records (EHR)
Digital Health Market By Region:
• Rest of Europe
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Table of Contents:
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter2. Executive Summary
2.1. Key Highlights
Chapter3. Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
126.96.36.199. Rise in Global Penetration of Mobile Devices and Internet
188.8.131.52. Integration of Medical Devices with Smart Phones
184.108.40.206. High Capital Expenditure
220.127.116.11. Privacy and Safety Issues
18.104.22.168. Rising Demand for Advanced Information Systems in Healthcare
3.4. Industry Trends
Chapter4. Digital Health Market, By Technology
Chapter5. Digital Health Market, By Region
Chapter6. Company Profiles
...CONTINUED FOR TOC
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Key Findings of the Research Study:
• Digital health systems segment dominated the overall market in 2016. This significant share can be attributed to a rise in adoption of EHR and e-prescription technologies by healthcare professionals to improve the quality of patient care.
• U.S. held the largest share of the North American digital health market, owing to the increased penetration of digital health technologies such as health based mobile apps in the country.
• Emerging countries such as India and China will experience a surge in digital health market growth as a result of favorable government initiatives to promote digital health research and development and high focus on technological advancements in medical devices.
• mHealth market will grow with the fastest CAGR over the forecast period due to rising smartphone penetration worldwide.
About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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