03-15-2018 05:18 PM CET - Advertising, Media Consulting, Marketing Research

North America to Demonstrate Strong Rise in Digital Health Market

Press release from: Xpodence Research

The market for digital health in North America region is witnessing a high growth and is anticipated to dominate the market share in terms of revenues for the forecast period. The adoption of digital health solutions is high in the Americas, especially in the US, due to the increase in healthcare costs and investments by government and private organizations. The US is the largest market for medical sensors as the region has advanced infrastructure to support sensing technologies, and there is an increased adoption of wearable sensors by consumers in the region.

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North America, has been dominating the global market. Various factors, such as the prescience of a large pool of players and increasing collaboration between them are instrumental behind the significant growth of this regional market. With the high demand from Germany and the U.K., the Europe market for digital health is expected to continue on the leading position over the next few years. Going forward, Asia Pacific is likely to offer lucrative opportunities for the growth of the global market for digital health in the near future.

The market for digital health is gaining remarkable momentum across the world, thanks to the surge in the prevalence of diabetes and various other chronic diseases. With the increasing number of government initiatives and the rising uptake of information technology in the area of medical and healthcare, the market is anticipated to witness significant growth over the next few years.

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The digital health market is witnessing a significant number of mergers and acquisitions, and this is expected to intensify the competition in the market. Vendors are using technology to provide cost effective solutions. The major companies that provide Digital Health include Cisco Systems Inc, Agfa-Gevaert N.V., Siemens Healthineers, McKesson Corp., Allscripts Healthcare Solutions Inc., Cerner Corp., Philips Healthcare, GE Healthcare, Epic Systems Corp., Truven Health Analytics, Qualcomm Inc are some of the key players in this market.

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