According to IMARC Group’s latest report, titled “Digital Health Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-20
According to IMARC Group’s latest report, titled “Digital Health Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global digital health market reached a value of US$ 289 Billion in 2021. Digital health is the integration of electronic communications and information technology with various healthcare processes. It includes medical wearables, healthcare analytics, telehealth, digital healthcare systems such as EHR and EMR medical apps, etc. Digital health aims to enhance disease management, patient care, and the overall healthcare experience. It enables healthcare providers to prepare a diagnosis history by accessing health records, reduce the need for duplicate tests, make efficient decisions, etc. Digital health facilitates the identification of new illnesses and the worsening of existing ailments while also lowering healthcare costs. Owing to these benefits, it finds both non-clinical and clinical applications across the medical industry.
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Rising advancements in the healthcare IT infrastructure and the adoption of cloud-based storage systems by professionals are driving the digital health market. Doctors are increasingly utilizing numerous smart devices, such as tablets and smartphones, to monitor and track the patient’s health. Additionally, significant developments in storage and processing technologies have made computing resources more efficient, affordable, and accessible. Moreover, rising government support and the implementation of various policies to encourage the adoption of digital health solutions are bolstering the market growth. Numerous other factors, such as the rising healthcare expenditure levels, growing geriatric population, and increasing prevalence of chronic diseases, are anticipated to fuel the global market further in the coming years. Looking forward, IMARC Group expects the global digital health market to reach US$ 881 Billion by 2027, exhibiting at a CAGR of 20.14% during 2022-2027.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- iHealth Lab Inc.
- AllScripts Healthcare Solutions Inc.
- AirStrip Technologies
- Qualcomm Technologies
- Cerner Corporation
- McKesson Corporation
- Kininklijke Philips N.V.
- LifeWatch AG
- Biotelemetry Inc.
- Omron Healthcare
- Athenahealth Inc.
- Historical, Current and Future Market Trends
- Market Breakup by Type:
- Medical Wearables
- EMR/EHR Systems
- Medical Apps
- Healthcare Analytics
- Market Breakup by Component:
- Market Breakup by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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