Global Digital Health Market Gaining Steady Expansion in Revenue of US$536.6 bn by the end of 2025

 The digital health technologies is an effort to bring a change in the medical world. At present, with the increasing number of government initiatives and the rising trend of information technology in the area of medical and healthcare, the market for digital health services is anticipated to witness significant growth over the next few years. To explore the major trends and factors in the present market scenario, Market Research Hub (MRH) has broadcasted a new study to its wide repository, which is titled as “Digital Health Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025”. This 342-pages study offers precise knowledge about the active market regions as well as top players operating in this sector. Further, the report also offers estimations on market size, in terms of revenue (USD million) and growth rate during the forecast period from 2017-2025.

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Digital health mainly refers to the use of IT tools and services for bringing better healthcare services. It improves the quality of care through ready access to lab test results, and drug information systems, which aware pharmacists to prevent harmful drug interactions. Besides, it is a broad array of technologies including mobile health (mHealth), health information technology (IT), wearable devices, telehealth and telemedicine services and personalized medicine.

In the initial section, the report talks about the precise market overview, including a market snapshot which provides information of various segments and sub-segments. The research then shifts focus towards the major dynamics, including drivers, trends, opportunities as well as restraints in the digital health market. According to the key findings, the global digital health market has been visualized to rake in a revenue of US$536.6 bn by the end of 2025 from US$196.3 bn in 2017 at a 13.4% CAGR. The report also adds that increasing demand for m-health (mobile health) with innovative mobile applications and solutions is expected to catalyze the growth of digital health market across the globe. However, on the basis of regional distribution, North America had taken the lead in the market in the same year.

For a clear understanding, the research highlights some of the prime regions including North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Moreover, it has been analyzed on the basis of product, component and prime end-users. Based on product, the global digital health market has been segmented into healthcare information systems and wearable devices. End-users for digital health market include B2B and B2C. The B2B segment has emerged as the key contributor to this market over the last few years. Apart from that, major drivers identified by the analysts include rising government initiatives, rising incidence of diabetes, cardiovascular diseases and other chronic diseases, increasing collaborations between companies for technological advancements; and increasing adoption of digital health product by healthcare providers.

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The final section of the report deals with the competitive landscape which highlights the key players that are operating in the digital health market. Key companies profiled in the report include McKesson Corporation, Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, Agfa-Gevaert N.V., Cerner Corporation, Philips Healthcare, GE Healthcare, Siemens Healthineers, Truven Health Analytics (an IBM Company), Alphabet Inc. and Qualcomm Inc. For each company, the report presents information comprising of company details, SWOT analysis, financial overview, product portfolio, key strategies and recent advances.

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