Digital Health Market to Reach US$ 881 Billion by 2027 at Growth Rate (CAGR) of 20.14%

According to IMARC Group's latest report, titled "𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕", the global digital health market size reached US$ 289 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 881 Billion by 2027, exhibiting at a growth rate (CAGR) of 20.14% during 2022-2027.

Digital health is the incorporation of electronic communications and information technology with various healthcare processes. It includes medical wearables, telehealth, EMR and EHR medical apps, healthcare analytics, etc. Digital health aims to improve disease management, patient care, and the overall experience for the individual. It also enables the healthcare professionals to access medical records, reduce the need for duplicate tests, prepare a diagnosis history, and make efficient decisions. Digital health assists in identifying new illnesses or the worsening of existing ailments while lowering the total healthcare costs. As a result, it finds both clinical and non-clinical applications in the medical industry.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/digital-health-market/requestsample

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The expanding healthcare IT infrastructure and the extensive utilization of cloud-based storage systems by professionals are primarily driving the digital health market. Besides this, the development in processing and storage technologies have made computing resources more efficient, affordable, accessible, and supply on-demand services to patients, which is further augmenting the market growth.

Moreover, the launch of several policies by the government bodies to promote the integration of electronic intensive care units (e-ICU) that allow remote patient monitoring through high-speed internet, two-way cameras, and electrical devices. This, in turn, is also fueling the global market. Apart from this, the growing geriatric population, elevating prevalence of chronic illnesses, including chronic obstructive pulmonary disease (COPD), and the increasing healthcare expenditure levels are expected to bolster the digital health market in the coming years.

𝐘𝐨𝐮 𝐜𝐚𝐧 𝐛𝐮𝐲 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐝𝐢𝐫𝐞𝐜𝐭𝐥𝐲 (𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐨𝐟𝐟𝐞𝐫 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭): https://www.imarcgroup.com/checkout?id=1651&method=1

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐰𝐢𝐭𝐡 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

The report has also analyzed the competitive landscape of the market with some of the key players.

• iHealth Lab Inc.
• AllScripts Healthcare Solutions Inc.
• AirStrip Technologies
• Qualcomm Technologies
• Cerner Corporation
• McKesson Corporation
• Kininklijke Philips N.V.
• LifeWatch AG
• Biotelemetry Inc.
• eClinicalWorks
• Omron Healthcare
• Athenahealth Inc.
• AT&T

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The report has categorized the market based on type and component.

Market Breakup by Type:
• Telehealth
• Medical Wearables
• EMR/EHR Systems
• Medical Apps
• Healthcare Analytics
• Others

Market Breakup by Component:
• Software
• Hardware
• Service

Market Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=1329&flag=C

𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

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This release was published on openPR.