Press release
Digital Health Market Technological Innovations on Allscripts Healthcare Solutions, AT & T, Athenahealth, Biotelemetry, Cerner, Cisco Systems, eClinicalWorks, iHealth Lab, Koninklijke Philips N.V., LifeWatch, McKesson
Digital Health market will exceed USD 378 billion by 2024; Digital health system business segment accounted for largest market share on an account of high demand for digital health systems coupled with rise in adoption of digital health systems. Growing use of healthcare informatics technologies such as Electronic Health Record (EHR) and Radiology Information System (RIS) will further boost industry growth.
In North American region, U.S. digital health market held largest share in 2016 and is most likely to hold the commanding position in foreseeable future. The growth is attributable to highly developed healthcare IT infrastructure, coupled with government initiatives for implementing digital health technologies in healthcare setup.
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Growing investment by venture capitalists and favorable government initiatives will drive digital health market over the forecast years. Escalating demand for digitization in healthcare sector along with advents in technology including Healthcare Bots, mHealth are factors fueling industry growth.
Healthcare Bots include chatbots that allows patient access for health concerns and provides support from doctors and nurses. Such advanced innovative technology further propels industry growth.
Revolution in field of rehabilitation by digital health technology through integration of technology with robotics is anticipated to render immense scope for business growth. For instance, in January 2017, VisioMed Group announced partnership with Robotopi that aimed at enhancing the life assistant Pepper by BewellConnect medical devices and health services will stimulate market growth.
Security concerns pertaining patient data will hinder digital health market growth. Apart from this, high cost maintenance and installation of hardware, IT upgrades, and systems for comprehensive enterprise adoption will hamper industry expansion.
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UK digital health market should witness lucrative growth in coming years owing to growing initiatives for remote monitoring, patient engagement, telemedicine, health analytics and Big Data. Central government programs for telecare and early adoption of telecare service are paving paths for business growth.
Japan digital health market will grow significantly due to increasing use of devices equipped with telehealth technology and mobile health. Growing demand for digital health and escalating initiatives to integrate digital technologies in healthcare setup will further boost market growth.
Some of the prominent business players are Allscripts Healthcare Solutions, AT & T, Athenahealth, Biotelemetry, Cerner, Cisco Systems, eClinicalWorks, iHealth Lab, Koninklijke Philips N.V., LifeWatch, McKesson, and Qualcomm.
Complete report for 2017-2024 on Digital Health market is now available at https://www.marketstudyreport.com/reports/digital-health-market
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