Digital Health Market Size, Growth, Opportunities 2024-2032 | General Electric Company (U.S.), Koninklijke Philips N.V. (Netherlands), Allscripts Healthcare, LLC (U.S.), Cerner Corporation (U.S.), Epic Systems Corporation (U.S.), McKesson Corporation (U.S

The global digital health market size was valued at USD 375.99 billion in 2022. The industry is expected to expand from USD 452.79 billion in 2023 to USD 1,965.30 billion by 2030, exhibiting a CAGR of 23.3% over the study period.

The market's expansion can be credited to the growing uptake of digital solutions in the healthcare sector due to the generation of high bandwidth with the launch of 3G, 4G, and 5G networks and advancements in telecommunication.
Fortune Business Insights™ provides this information in its research report, titled "Digital Health Market, 2023-2030".

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The digital health market is rapidly expanding, fueled by the increasing adoption of healthcare technologies, growing demand for remote patient monitoring, and the integration of artificial intelligence (AI) and big data analytics in healthcare. This market encompasses a wide range of solutions, including telemedicine, mobile health (mHealth) apps, wearable devices, electronic health records (EHRs), and health information systems, all designed to enhance the efficiency, accessibility, and quality of healthcare services.

The COVID-19 pandemic has further accelerated the adoption of digital health solutions, as patients and providers seek safe, remote ways to access and deliver care. With ongoing technological advancements and a rising focus on personalized medicine, the digital health market is poised for significant growth, transforming the way healthcare is delivered and managed globally.

Key Industry Development:
• March 2022 - Epic Systems Corporation announced the launch of the Garden Plot software for specialty and primary care groups.

List of Key Players Mentioned in the Report:
• General Electric Company (U.S.)
• Koninklijke Philips N.V. (Netherlands)
• Allscripts Healthcare, LLC (U.S.)
• Cerner Corporation (U.S.)
• Epic Systems Corporation (U.S.)
• McKesson Corporation (U.S.)
• Medical Information Technology, Inc. (U.S.)
• Siemens Healthcare GmbH (Germany)
• Boston Scientific Corporation (U.S.)
• FUJIFILM Holdings Corporation (Japan)
• Medtronic (Ireland)
• IBM (U.S.)
• Validic (U.S.)

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Report Coverage:
The report encompasses various factors contributing to the market growth. In addition, it provides vital insights into the latest trends, key segments, and the COVID-19 impact on the market growth. Other aspects of the report include the key strategies deployed by prominent companies to maximize their revenue.

Drivers and Restraints:
Increasing Initiatives by the Government to Promote the Solution Fuels Market Expansion
The digital health market growth is driven by the surge in government initiatives for encouraging the digital solution. The usage of tablets, smartphones, and other mobile platforms is growing in developed and developing economies, attributed to the uptake of digital solutions.
Despite such growth opportunities, the privacy concerns related to patient data may hinder market growth.

Regional Insights:
North America to Emerge as a Prominent Growth Hub Due to Suitable Reimbursement Policies
North America digital health market is anticipated to capture the largest market share during the forecast period. The region's growth can be attributed to the appropriate reimbursement policies.
Asia Pacific market for digital health is poised to expand at the highest rate during the forecast period due to changing regulations in the region.

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