Press release
Global Digital Health Market is Expected to Account for $1,045.8 Billion by 2027 Despite the COVID-19 Chaos
Research Dive
During this crisis, our analysts provide market players support in understanding the effect of COVID19 on the digital health market.
Our report includes:
Technological Impact
Social Impact
Investment Opportunity Analysis
Pre- & Post-COVID Market Scenario
Infrastructure Analysis
Supply Side & Demand Side Impact
For More Detail Insights, Download Sample Copy of the Report at: https://www.researchdive.com/download-sample/354
According to new study done by Research Dive, the global digital health market is expected to reach up to $1,045.8 million by 2027 and rising at a CAGR of 33.4% during the estimated time from 2020-2027. The global market is classified into technology, component and region. This study delivers comprehensive insights about drivers, opportunities, restraints, segmentation and top market players in the global market.
Factors affecting the market growth
As per our analysts, increasing trend for incorporation of artificial intelligence, internet of things and big data analytics to advance the digital healthcare is major driving factor for the growth of the market in the forecast years. However, huge implementation costs of the digital health services is predicted to be major restraint for the market growth.
Digital health systems technology and hardware segments held the global market size in previous decades
Based on technology, the global market has been segmented into telehealthcare, health analytics, mHealth and digital health systems. Among these, digital health systems segment accounted for highest market size in 2019, it was valued at $52.7 billion and is estimated to rise at a healthy rate of 32.9% CAGR in the projected time. This dominance is majorly owing to growing government investments to promote digital health, which will drive the demand for digital health systems. Besides digital health systems, health analytics segment will witness to rise at a faster rate of 34.2% CAGR and is predicted to experience a potential growth in the forecast period.
Connect with Analyst to Reveal How COVID-19 Impacting On Market: https://www.researchdive.com/connect-to-analyst/354
The global digital health market has been categorized on the basis on component into software, services and hardware. In these, hardware segment generated majority of the digital health market share in the previous years, which was 38.0% and is predicted to account for $366.0 million by the end of 2027. This growth is due to rising geriatric population across the globe is expected to drive the demand for wearable medical devices like ECG monitors, BP monitors and fitness trackers. This factor will propel the market growth in the forecast time period. Services component is expected to grow at a significant rate of 33.9% CAGR during the forecast years. Increasing investments to improve healthcare digital infrastructures in the developed and developing economies is estimated to drive requirement of services to provide most efficient digital platforms.
Digital health market, Regional analysis
In 2019, the global digital health market has commanded by North America region and is predicted to generate a revenue of $360.8 million by the end of 2027. Wide utilization of digital health services across the North America due to swift growth in adoption of smart mobiles along with developments in coverage network systems. This factor is estimated to impel the market growth in the review period. Besides North America, Asia-Pacific will witness to grow at a faster rate of 34.2% CAGR in the forecast years and is predicted to create huge opportunities for market growth in the coming decades. This predicted rise credited to favorable government initiatives to support advancements in healthcare IT and increasing adoption of mHealth services across the Asia-Pacific region.
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Top 10 Prominent players operating in the Global Digital Health Market include-
1. Allscripts Healthcare, LLC
2. CISCO
3. McKesson Corporation
4. AirStrip
5. Google Inc.
6. Koninklijke Philips N.V.
7. BioTelemetry, Inc.
8. Honeywell International Inc.
9. Cerner Corporation
10. Telefónica S.A.
Mr. Abhishek Paliwal
Research Dive
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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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