Digital Health Market: Anticipated Positive Growth Trends Through 2024-2031 | BioTelemetry, a Philips Company, Veradigm LLC.

The Digital Health Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global Digital Health market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Digital Health Market reached USD 223.2 billion in 2023 and is projected to witness lucrative growth by reaching up to USD 850.3 billion by 2031. The Global Digital Health Market is expected to exhibit a CAGR of 18.9% during the forecast period 2024-2031.

What is Digital Health Market?

The digital health market encompasses a broad range of technologies and services aimed at improving health outcomes through digital solutions. This includes telemedicine, mobile health applications, wearable devices, electronic health records (EHRs), and health analytics. The market is driven by the growing demand for accessible healthcare, the increasing prevalence of chronic diseases, and advancements in technology that facilitate remote monitoring and patient engagement.

Who are the major players in the Digital Health market?

The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world. The prominent players in Digital Health market research report are: BioTelemetry, a Philips Company, Veradigm LLC, EClinicalWorks, IHealth Labs Inc, Athenahealth Inc., AT&T, Honeywell International Inc., Cisco Systems, Inc., AdvancedMD, Inc. and McKesson Corporation among others.

Key Development

On June 5, 2023, Olympus Corporation, a MedTech company, announced its intent to establish an array of Digital Excellence Centers (DECs) after acquiring Odin Vision, a London-based cloud-AI endoscopy company. This acquisition brought an impressive lineup of commercially accessible computer-aided detection and diagnostic solutions, along with a cutting-edge pipeline of cloud-enabled programs, reflecting Olympus's commitment to improving people's lives by making healthcare more secure, healthier, and satisfying.

On February 13, 2023, HealthVerity, a leader in identity, privacy, governance, and exchange for real-world data, partnered with Veradigm, a top provider of healthcare data and technology solutions. This collaboration aims to advance real-world research and enhance patient care for individuals with diabetes and cardiovascular disease. The partnership enables full interoperability between de-identified patient information from the HealthVerity Marketplace, the largest healthcare or consumer data ecosystem in the U.S., and Veradigm's data sourced from its cardiovascular and metabolic registries.

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Regions Covered:

The global Digital Health Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

Market Segments

By Component: Hardware, Software, Services.

By Technology: mHealth, eHealth, Telehealthcare, Health Analytics.

By End-User: Healthcare Providers, Healthcare Consumers, Others.

The Digital Health industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.

Key Features

➥ Leverage epidemiology insights to tailor precision diagnostics and address region-specific needs.

➥ Meet critical unmet needs in complex conditions with advanced, precise Digital Health industry solutions for better diagnostics and outcomes.

➥ Stay ahead with real-time pipeline analysis, revealing the latest Digital Health innovations and market trends.

➥ Optimize your offerings with competitive pricing analysis, balancing cost-effectiveness and cutting-edge tech.

➥ Protect your innovation with expert patent analysis, ensuring strategic positioning in the Digital Health market.

➥ Gain an edge with comprehensive competitive intelligence, guiding informed decisions in Digital Health

➥ Maximize market presence with brand share analysis, strengthening your position in the Digital Health landscape.

➥ Accurately predict market demand for Digital Health with precise drug sales forecasting insights.

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FAQs

What does the Digital Health market report provide?

The report provides a detailed analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Active, Innovators, Start-ups, and Cutting Edge) that are anticipated to influence its future growth trajectory.

What is the scope of the market report?

The market report covers regional analysis and provides detailed insights into the Digital Health market including market size, segmentation, and key players.

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