Digital Health Market and AI: A Powerful Partnership for Healthcare By 2031 | Most Leading Companies - BioTelemetry, a Philips Company, Veradigm LLC, EClinicalWorks, IHealth Labs Inc, Athenahealth Inc

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 2030. The Global Digital Health Market is expected to exhibit a CAGR of 18.9% during the forecast period 2024-2031.

Digital Health Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Digital Health refers to the use of digital technologies, software, and services to improve health outcomes, enhance healthcare delivery, and empower patients. It encompasses a wide range of tools such as mobile health apps, telemedicine, wearable devices, electronic health records (EHRs), artificial intelligence (AI), and big data analytics-all aimed at optimizing the healthcare experience.

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 among others.

Industry Development:

On June 5, 2023, following its acquisition of Odin Vision, a London-based cloud-AI endoscopy company known for its suite of commercially available computer-aided detection and diagnostic tools, Olympus Corporation announced plans to establish a network of Digital Excellence Centers (DECs). This strategic move reflects Olympus' ongoing commitment to enhancing lives by making healthcare safer, healthier, and more fulfilling. The acquisition also brought in a robust pipeline of innovative, cloud-enabled programs, reinforcing Olympus' digital health capabilities.

On February 13, 2023, HealthVerity, a leader in identity, privacy, governance, and data exchange for real-world evidence, announced a strategic partnership with Veradigm, a prominent provider of healthcare data and technology solutions. The collaboration aims to accelerate real-world research and improve patient outcomes for individuals with diabetes and cardiovascular conditions. Through this partnership, de-identified patient data from the HealthVerity Marketplace-the nation's largest healthcare and consumer data ecosystem-will be seamlessly integrated with Veradigm's extensive cardiovascular and metabolic registry data, ensuring full interoperability and data-driven insights.

Growth Forecast Projected:

The Global Digital Health Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

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.

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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 Analysis for Digital Health Market:

The regional analysis of the Digital Health Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ 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)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Digital Health market?

➠ Who are the leading manufacturers in the global Digital Health industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Digital Health industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Digital Health market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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