Digital Health Market Size to Reach US$ 881 Billion by 2027, Exhibiting at 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 generally relies on electronic communication methods and the latest technologies to remotely monitor the health update of patients. It includes medical wearables, digital healthcare systems, computing platforms, medical apps, healthcare analytics, sensors, etc. Digital health aids in improving patient care, disease management, the healthcare experience of individuals, etc. In line with this, it also helps healthcare professionals in minimizing the need for duplicate tests, accessing health records, preparing a diagnosis history, making efficient decisions, etc. Digital health lowers overall healthcare costs and provides easy management of payment procedures, clinical data, claims, etc. Consequently, it is gaining extensive traction across countries.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 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 global geriatric population and the growing prevalence of several chronic medical issues, such as hypertension, diabetes, cardiovascular and neurological disorders, etc., are primarily driving the digital health market. Additionally, the rising occurrence of Alzheimer's disease, cancer, and various long-term care (LTC) conditions is further catalyzing the market growth. Besides this, continuous improvements in the healthcare IT infrastructures, the widespread adoption of digital health solutions for remote patient monitoring despite geographical constraints, and the escalating demand for cloud-based storage systems are acting as significant growth-inducing factors.

Moreover, the inflating popularity of m-Health apps in the field of cardiology, radiology, and online video consultation for medical problems that require supervision is positively influencing the global market. Apart from this, the increasing number of electronic intensive care units (e-ICUs) installed with two-way cameras and high-speed internet is also propelling the market growth. Furthermore, extensive investments in telecommunication technologies and medical sciences are expected to fuel the digital health market over the forecasted period.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: 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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