Digital Health Market Expected to Experience Attractive Growth through 2026
OCT 07,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Digital Health Market.
Digital Health Market is likely to witness an impressive CAGR of 12.3% over the forecast period. The key factor contributing to the demand for digital health is the surge in demand for remote patient monitoring.
Digital health is the delivery of health-associated solutions and data through telecommunication technologies. Digital health offers virtual care in real time thus, saving valuable time of both, the patient and the care provider. Furthermore, it assists healthcare providers to gain access to electronic health record of patients to provide specific care, efficiently.
By Technology Type
Based on the technology type, the market is segmented as tele healthcare, mHealth, health analytics, and digital health system. The tele healthcare segment is projected to maintain its dominance over the forecast period, owing to the increasing geriatric population, growing prevalence of chronic diseases, improving accessibility to the internet, and dearth of skilled healthcare professionals.
By Component Type
Based on the component type, the market is segmented as hardware, software, and services. The services segment is expected to remain most dominant in the market over the forecast period due to the growing demand for remote patient monitoring, synchronous services, and asynchronous services.
By Region
In terms of regions, North America is projected to be the largest market during the forecast period. The North American market is expected to grow with a lucrative CAGR over the forecast period, owing to well-developed healthcare infrastructure, huge healthcare expenditure, high adoption of advanced technology, and presence of tech savvy population.
Key Players:
- AdvancedMD Inc.
- Allscripts Healthcare Solutions Inc.
- Biotelemetry Inc.
- iHealth Lab Inc.
- McKesson Corporation
- Koninklijke Philips N.V.
- AT & T
- Cerner Corporation
- Cisco Systems.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Digital Health Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Customization of the Report:
This report can be customized to meet the client’s requirements. In order to provide more accurate market forecast, all the reports are updated before delivery.
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