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Digital Health Market Study for 2018 to 2030 providing information on Key Players, Growth Drivers and Industry challenges

05-10-2022 02:50 PM CET | Health & Medicine

Press release from: We Market Research

Digital Health Market

Digital Health Market

Digital Health Market was worth USD 145,884.3 million in 2020, and is anticipated to record a CAGR of 17.9% over the forecast duration 2022-2030, thereby accumulating USD 767,718.9 million by the end of the analysis timeline.

In the United States, physicians are increasingly using cellphones, leading to an increase in the usage of digital health. Smartphones, tablets, and other mobile platforms are used by one-third of all persons in the United States, with physicians using them twice as much as the general public. For example, it is estimated that over 5 billion individuals worldwide own a mobile device, with smartphones accounting for more than half of these. This has resulted in a massive increase in mobile applications for healthcare needs, propelling the industry forward. Furthermore, the business will benefit from quickly developing IT infrastructure, favourable government efforts, rising demand for remote patient monitoring services, and growing venture capitalist investments.

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Digital health refers to the integration of information technology and electronic communications with various healthcare processes. It includes telehealth, medical wearables, digital healthcare systems like EMR and EHR medical apps, healthcare analytics, etc. Digital health aims to improve patient care, disease management and the overall healthcare experience for the user. It also enables the healthcare providers to access health records, prepare a diagnosis history, reduce the need for duplicate tests and make efficient decisions. Digital health also facilitates the identification of new illnesses or the worsening of existing ailments while lowering the total costs of healthcare. Owing to these benefits, it finds both clinical and non-clinical applications across the medical industry.

Global Digital Health Market- Segment Analysis
By Technology
Telehealthcare
• Telecare
• Activity monitoring
• Remote medication management
• Telehealth
• LTC monitoring
• Video consultation
mHealth
• Wearables
• BP Monitor
• Glucose meter
• Pulse oximeter
• Sleep apnea monitors
• Neurological monitors
• Others
Apps
• Medical apps
• Fitness apps
• Health analytics
• Digital health systems
• Electronic health records
• E-prescribing systems
By Component
• Hardware
• Software
• Service

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Report scope
Digital Health Market- Historical Years- 2018-2021
Digital Health Market- Forecast years- 2022-2030
Digital Health Market 2020- USD 145,884.3 million
Digital Health Projected Market 2030- USD 767,718.9 million
Digital Health Market CAGR- 17.9%

Read More:-https://wemarketresearch.com/reports/digital-health-market/49/

FAQs
1)What is the Digital Health market growth?
2) Which product segment accounts for the highest market share in the Digital Health market?
3) Does the Digital Health market company is profiled in the report?
4) Which are the top companies hold the market share in Digital Health market?
5) How can I get sample reports/company profiles for the Digital Health market?

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About We Market Research
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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