Digital Health Market Surges with Cutting-Edge Solutions

According to latest research report published by Market Data Forecast, the Digital health market will be worth USD 164.21 billion in 2024 and USD 393.73 billion by 2029, growing at a CAGR of 19.04 % from 2024 to 2029.

Digital health uses information and communication technologies to manage illness and health risks in medicine and other health professions. Digital health uses digital tools and platforms to improve healthcare outcomes.

Global Digital health Report Scope:
• Market Size (2029): USD 393.73 Billion
• Market Size (2024): USD 164.21 Billion
• CAGR (2024 to 2029): 19.04%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: By Technology, Component, and Region
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled are Apple Inc., AirStrip Technologies, Google Inc., Orange, Allscripts Healthcare, LLC, Mckesson Corporation, Athenahealth Inc., At&T Inc., Biotelemetry, Inc., Cerner Corporation, Cisco Systems, Inc., Koninklijke Philips Nv, Eclinicalworks, Ihealth Lab, Inc. and General Electric Company.

The growing adoption of digital technology worldwide enhances the healthcare industry's digital health, which drives global market growth. Increasing usage of smartphones, the growing Internet of Things with improved versions, and advancements in the healthcare industry are all boosting the expansion of the global digital health market. With the increasing market trend of telehealth, telemedicine is enhancing the requirement of continuous patient monitoring services and rising home healthcare services; these factors are demanding for the digital health system due to technological advancements. The increasing advancements in the healthcare system are influencing healthcare to adopt digital health as it provides accessibility to virtual care, propelling the growth of the global digital health market. The digital health market is experiencing advancements in disease surveillance, formulation of new strategies, and provision of frontline care services. The growing prevalence of chronic diseases among the people and the increasing geriatric population with chronic illness are demanding continuous patient monitoring and home healthcare services, which fuels the adoption of digital health by escalating the global market.
The increasing government initiatives, strategic alliances by the market players, and rising focus on patient-centric healthcare solutions are some of the factors augmenting the global market share. The pandemic has influenced many nations to adopt telemedicine and telehealth services, enabling physical interactions among physicians and the patient population. The growing developments in the healthcare industry of emerging countries are estimated to create opportunities for the market players in the market expansion during the forecast period.

The primary factor restraining the adoption of digital health is the security concerns regarding patient data. As the complete patient data is stored in digital form, there is a high chance of data breaches and un-authorisation of the patient data, hampering the growth of the global digital health market. Another restraining factor is the high initial investments and maintenance costs, which limit the adoption of digital health, especially in low- and middle-income regions, due to low budgets. The interoperability issues in the digital health market are expected to hinder the global market revenue. The need for skilled professionals to maintain digital health systems is expected to hinder global market expansion.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/digital-healthcare-market

Key Insights from The Report:

• Based on Technology, the health analytics segment is expected to grow at the fastest CAGR during the forecast period.
• Based on Component, the software segment held the most significant share of the global Digital health market in 2023.
• North America dominated the Digital health market in 2023. Europe accounted for second-highest share of the global market in 2023 and on the other hand, the Asia-Pacific region is estimated to grow at the fastest CAGR during the forecast period.
• Apple Inc., AirStrip Technologies, Google Inc., Orange, Allscripts Healthcare, LLC, Mckesson Corporation, Athenahealth Inc., At&T Inc., Biotelemetry, Inc., Cerner Corporation, Cisco Systems, Inc., Koninklijke Philips Nv, Eclinicalworks, Ihealth Lab, Inc. and General Electric Company. are dominated the Digital Health market.

SEGMENTATION INCLUDED IN THIS REPORT:

By Technology:
• Tele-Healthcare
o Telecare

• Activity Monitoring
• Remote Medication Management

o Telehealth

• LTC Monitoring
• Video Consultation
• mHealth

o Wearables

• BP Monitor
• Glucose Meter
• Pulse Oximeter
• Sleep Apnea Monitors
• Neurological Monitors
• Others

o Apps

• Medical Apps
• Fitness Apps
• Health Analytics
• Digital Health Systems

o Electronic Health Records
o E-Prescribing Systems

By Component:
• Hardware
• Software
• Service

By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

Browse Regional Reports:

North American Digital Health Market Research Report - Segmented By Technology, Component and Country (United States, Canada, Mexico & Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/north-america-digital-health-market
Europe Digital Health Market Research Report - Segmented By Technology, Component & Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/europe-digital-health-market
APAC Digital Health Market Research Report - Segmented By Technology, Component & Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA) - Industry Analysis, Size, Share, Trends & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/asia-pacific-digital-health-market
Latin America Digital Health Market Research Report - Segmented By Technology, Component & Country (Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/latin-america-digital-health-market

TABLE OF CONTENTS:

1. Introduction
1.1. Digital Health Market Definition
1.2. Study Deliverables
1.3. Base Currency, Base Year, and Forecast Periods
1.4. General Study Assumptions
2. Research Methodology
2.1. Introduction
2.2. Research Phases
2.2.1. Secondary Research
2.2.2. Primary Research
2.2.3. Econometric Modelling
2.2.4. Expert Validation
2.3. Analysis Design
2.4. Study Timeline
3. Overview
3.1. Executive Summary
3.2. Key Inferences
3.3. New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1. Digital Health Market Drivers
4.2. Digital Health Market Restraints
4.3. Key Challenges
4.4. Current Opportunities in the Market
5. Digital Health Market Segmentation
5.1. By Technology
5.1.1. Tele-Healthcare
5.1.1.1. Telecare
5.1.1.1.1. Activity Monitoring
5.1.1.1.2. Remote Medication Management
5.1.1.2. Telehealth
5.1.1.2.1. LTC Monitoring
5.1.1.2.2. Video Consultation
5.1.2. mHealth
5.1.2.1. Wearables
5.1.2.1.1. BP Monitor
5.1.2.1.2. Glucose Meter
5.1.2.1.3. Pulse Oximeter
5.1.2.1.4. Sleep Apnea Monitors
5.1.2.1.5. Neurological Monitors
5.1.2.1.6. Others
5.1.2.2. Apps
5.1.2.2.1. Medical Apps
5.1.2.2.2. Fitness Apps
5.1.3. Health Analytics
5.1.4. Digital Health Systems
5.1.4.1. Electronic Health Records
5.1.4.2. E-Prescribing Systems
5.1.5. Y-o-Y Growth Analysis, By Technology
5.1.6. Digital Health Market Attractiveness Analysis, By Technology
5.1.7. Digital Health Market Share Analysis, By Technology
5.2. By Components
5.2.1. Hardware
5.2.2. Software
5.2.3. Service
5.2.4. Y-o-Y Growth Analysis, By Components
5.2.5. Digital Health Market Attractiveness Analysis, By Components
5.2.6. Digital Health Market Share Analysis, By Components
6. Geographical Analysis
6.1. Introduction
6.1.1. Regional Trends
6.1.2. Impact Analysis
6.1.3. Y-o-Y Growth Analysis
6.1.3.1. By Geographical Area
6.1.3.2. By Product
6.1.3.3. By Technology
6.1.3.4. By Application
6.1.3.5. By End-User
6.1.4. Digital Health Market Attractiveness Analysis
6.1.4.1. By Geographical Area
6.1.4.2. By Product
6.1.4.3. By Technology
6.1.4.4. By Application
6.1.4.5. By End-User
6.1.5. Digital Health Market Share Analysis
6.1.5.1. By Geographical Area
6.1.5.2. By Product
6.1.5.3. By Technology
6.1.5.4. By Application
6.1.5.5. By End-User
6.2. North America
6.2.1. Introduction
6.2.2. US
6.2.3. Canada
6.3. Europe
6.3.1. Introduction
6.3.2. UK
6.3.3. France
6.3.4. Spain
6.3.5. Germany
6.3.6. Italy
6.4. Asia-Pacific
6.4.1. Introduction
6.4.2. India
6.4.3. China
6.4.4. Japan
6.4.5. South Korea
6.4.6. Australia
6.5. Latin America
6.5.1. Introduction
6.5.2. Brazil
6.5.3. Argentina
6.5.4. Mexico
6.6. Middle East & Africa
6.6.1. Introduction
6.6.2. Middle East
6.6.3. Africa
7. Strategic Analysis
7.1. PESTLE analysis
7.1.1. Political
7.1.2. Economic
7.1.3. Social
7.1.4. Technological
7.1.5. Legal
7.1.6. Environmental
7.2. Porter's Five Analysis
7.2.1. Bargaining Power of Suppliers
7.2.2. Bargaining Power of Consumers
7.2.3. Threat of New Entrants
7.2.4. Threat of Substitute Products and Services
7.2.5. Competitive Rivalry within the Industry
8. Digital Health Market Leaders' Analysis
8.1. Allscripts Healthcare Solutions, Inc.
8.1.1. Overview
8.1.2. Product Analysis
8.1.3. Strategic Evaluation and Operations
8.1.4. Financial analysis
8.1.5. Legal issues
8.1.6. Recent Developments
8.1.7. SWOT analysis
8.1.8. Analyst View
8.2. Apple Inc.
8.3. AirStrip Technologies
8.4. Google Inc.
8.5. Orange
8.6. Mckesson Corporation
8.7. Athenahealth Inc.
8.8. At&T Inc.
8.9. Biotelemetry, Inc.
8.10. Cerner Corporation
8.11. Cisco Systems, Inc.
8.12. Koninklijke Philips Nv
8.13. Eclinicalworks
8.14. Ihealth Lab, Inc.
8.15. General Electric Company
9. Competitive Landscape
9.1. Digital health Market share analysis
9.2. Merger and Acquisition Analysis
9.3. Agreements, Collaborations, and Joint Ventures
9.4. New Product Launches
10. Digital Health Market Outlook and Investment Opportunities
11. Appendix
11.1. List of Tables
11.2. List of Figures

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