Digital Health Market is Expected to Reach $850.3 billion by 2031 | BioTelemetry, a Philips Company, Veradigm LLC, EClinicalWorks, IHealth Labs Inc, Athenahealth Inc

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 2022 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.

Digital Health refers to the use of digital technologies, including mobile apps, wearable devices, telemedicine, electronic health records (EHR), and other technological tools, to improve healthcare delivery, enhance patient outcomes, and streamline healthcare systems. It involves the integration of information technology with healthcare services to monitor, diagnose, treat, and manage health conditions more efficiently and effectively. Digital health innovations enable remote patient monitoring, personalized medicine, and data-driven insights to support informed decision-making and proactive care management.

Key Developments:

❁ On June 5, 2023, Olympus Corporation, following its acquisition of Odin Vision, a London-based cloud-AI endoscopy company known for its advanced computer-aided detection and diagnostic solutions, announced plans to establish a series of Digital Excellence Centers (DECs). This move aims to enhance healthcare by leveraging innovative digital technologies to improve patient outcomes and overall well-being.

❁ On February 13, 2023, HealthVerity, a leader in identity, privacy, governance, and exchange for real-world data, partnered with Veradigm, a prominent provider of healthcare data and technology solutions. This collaboration focuses on advancing real-world research and improving patient care for individuals with diabetes and cardiovascular diseases. The partnership will enable seamless interoperability between de-identified patient data from HealthVerity's Marketplace, the largest healthcare and consumer data ecosystem in the U.S., and Veradigm's cardiovascular and metabolic registry data.

List of the Key Players in the Digital Health Market:

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

Research Process:

Both primary and secondary data sources have been used in the global Digital Health Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Digital Health Market:

By Component: Hardware, Software, Services

By Technology: mHealth, eHealth, Telehealthcare, Health Analytics

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

Regional Breakout:

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

✫ North America (U.S., Canada, Mexico)

✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

✫ South America (Colombia, Brazil, Argentina, Rest of South America)

✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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This Report Unveils:

✔ Go to Market Strategy- A roadmap to successfully product launch or service in the target market.

✔ Gain a clear picture of the market's health and growth trajectory through neutral analysis.

✔ Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players' performance.

✔ Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.

✔ Identify high-potential niche segments and regions poised for significant expansion.

✔ Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market's overall size and your achievable market share.

✔ Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Digital Health manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Digital Health in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the Digital Health market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the Digital Health market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

☞ What is the expected growth rate of the global Digital Health market for the forecast period?

☞ What are the key driving factors that are responsible to shape the fate of the Digital Health market during the forecast period?

☞ What will be the overall size of the market during the analysis period?

☞ What are the prominent market trends which influence the development of the Digital Health market across various regions?

☞ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☞ What are the challenges and threats that are likely to act as a barrier to the growth of the Digital Health market?

☞ What are the major opportunities that the companies can get to attain success in the world?

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