CAGR of the market during the forecast period 2020-2024, Detailed information on factors that will drive digital health market growth during the next five years, Precise estimation of the digital health market size and its contribution to the parent market, Accurate predictions on upcoming trends and changes in consumer behavior, The growth of the digital health industry across North America, Europe, APAC, South America, and MEA, A thorough analysis of the market’s competitive landscape and detailed information on vendors, Comprehensive details of factors that will challenge the growth of digital health market vendors, Financial reports of key industry players, Products and services used to manage or contain the spread of COVID-19 virus, Products and services used for the treatment of COVID-19 virus, Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior, Optimistic, base case, and pessimistic scenarios for all markets as the impact of pandemic unfolds, Pre as well as post COVID 19 market estimates, Quarterly impact analysis as the spread reaches global level and updates on market estimates, Impact of the pandemic on supply chain operations, New product launches in coronavirus-related markets, Significant changes in vendor operations (Including bankruptcy & other implications). In June 2019, Allscripts announced that it acquired ZappRx, a digital health start-up company. This report can be personalized according to your needs. We can help! Global Digital Pills Market 2020 Industry Analysis, Size, Share, Growth, Trend and Forecast to 2026|| Proteus Digital Health., Ostuka Holdings Co., Ltd., 2morrow Inc., Ginger, Puretech Health “Global Digital Pills Market Industry Trends and Forecast to 2027” New Research Report Added to Databridgemarketresearch.com database. Corona virus has had a significant impact on Europe, with Spain and Italy being highly affected. Get in touch. Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Strategic M&A activities among the vendors support the development of efficient products and increase the profit margin of the service providers, contributing to the digital health market share growth. The total market in the United States is predicted to reach 90 billion U.S. dollars in 2022, of which around 44 billion dollars are expected to be generated by the mHealth submarket. Even if the spread of virus is contained, we expect that it may take more than two quarters (six months) to reach a normal state of economic activity. This will result in an increased demand for hardware such as glucometers, and BP monitors. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. The digital health market size has the potential to grow by USD 284.55 billion during 2020-2024, and the market’s growth momentum will decelerate at a CAGR of 25.11%. Market growth in this region will be slower than the growth of the market in APAC. Google Inc. Orange. Get more details on this report - Request Free Sample PDF. Digital healthcare provides … All Rights Reserved. Rapidly growing healthcare IT infrastructure in developed and developing countries will be conducive to market growth. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary. The global digital health market size is expected to reach USD 509.2 billion by 2025, expanding at a CAGR of 27.7% over the forecast period, according to a new report by Grand View Research, Inc. From USD 111.4 billion in 2019, the global digital health market is predicted to grow to USD 510.4 billion by 2025, registering a CAGR of 29.0% during the forecast period (2020–2025). Internal sharing only, Allows all employees of an organization to access the purchased report. The new Frost & Sullivan Global Digital Health Outlook 2020 analysis predicts the market will exceed $234.5bn (~€212.26bn) by 2023. Global digital health market The global digital health market is expected to increase to over 500 billion U.S. dollars by 2025. Furthermore, it can also be used to triage the patients for treatment, as there has been a shortage of hospital beds due to the growing number of COVID cases. Novartis Foundation and Ghana Health Service announced the integration and scale-up of telemedicine services across. Health analytics software has been used to track the spread of COVID-19 infection and to optimize the usage of hospital resources. A few of the major wireless technologies used for digital health are 4G, Bluetooth low energy (BLE), and BodyLAN. This acquisition has strengthened their digital health product portfolio and expanded their customer base. Growing adoption of mHealth technologies by physicians to prescribe for self-management of chronic illness, such as diabetes, has propelled the growth of the market Request for a FREE Sample on the Impact of COVID-19. Thus, caregivers will prefer remote monitoring of these patients to avoid exposure and improve patient quality of life, augmenting the digital health market growth. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. The country took on a novel approach to combat the COVID-19 pandemic and adopted digital health extensively to curb the spread. A shift from paperwork to paperless patient records will cause an increase in demand for digital health systems such as electronic health records (EHRs) and propel the segment growth. Digital Health Market Highlights Market Research Future (MRFR) assessed the global Digital Health Market 2020 across the study period till 2025. Grab your Free Sample now to unlock further information on other key market drivers. A growing telemedicine market and a preference for homecare settings will boost the demand for e-prescribing software thus propelling market expansion. Furthermore, due to shutdown of gyms and recreation clubs, there will be a growing demand for fitness apps. 45% of the market’s growth will originate from North America during the forecast period. The digital health market share growth by the wireless health segment will be significant during the forecast period. This report is segmented by type of e-Health, type of service (monitoring services, diagnosis services and other types of services), end user, and geography. This market is estimated to worth USD 312.6 billion by the end of 2025. Samsung Electronics Co. Ltd. Telefonica S.A. Vodafone Group. The global digital health market was valued at US$116.39 billion in 2019 and expected to reach US$ 833.44 billion by 2027, with at a compound annual growth rate (CAGR) of 27.9% during the forecast period 2020 to 2027. Infinium Global Research is a business consulting and market research firm; a group of experts who … The growth in several industries will be impacted significantly while numerous other markets may remain unscathed and show promising growth opportunities. It also permits the use of up to 4 paragraphs or 1 page of the report externally in whitepapers, press releases, and marketing collateral. The global digital health market is majorly driven by development in the healthcare technology, digitalization of the various devices and increasing spending power of the people. The Germany digital health market share was valued at more than USD 11 billion in 2019 and will have substantial growth during the analysis timeframe. According to the Graphical Research new growth forecast report titled “Europe Digital Health Market Size By Technology [Tele-healthcare, mHealth, Health Analytics, Digital Health System], Country Outlook (Germany, UK, France, Spain, Italy, Russia, Poland, Switzerland, The Netherlands, Sweden), Industry Report, Growth Analysis & Forecast, 2018 – 2025”, estimated to exceed USD 172.6 billion by 2025 … As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines. Digital Health Market size is projected to exceed USD 639.4 billion by 2026; according to a new research report by Global Market Insights, Inc. Digital health industry will witness momentous growth amid the COVID-19 pandemic owing to increasing trends of social distancing and rising adoption of telecommunications for delivering healthcare. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Growing geriatric population across the continent, coupled with rising incidence of chronic diseases will drive the adoption of novel solutions to manage patient health, boosting the market size. The European market was valued at nearly USD 37 billion in 2019 while Germany was valued over USD 11 billion in 2019. Register for a free trial today and gain instant access to 17,000+ market research reports. Allscripts. This digital health market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. A report by Global Market Insights states that the global digital health market is set to exceed $379 billion by 2024, due to increasing demand for remote monitoring services, as well as favourable government initiatives and funding for adoption of digitalised systems. This will increase the product demand and propel the market expansion. Digital Health market is segmented by Type, and by Application. Digital Health Market Size By Technology [Tele-healthcare {Telecare (Activity Monitoring, Remote Med... Access to only 1 person; cannot be shared; cannot be printed, Access for 2 to 5 users only within same department of one company, Access to a company wide audience; includes subsidiary companies or other companies within a group of companies, U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Japan, China, India, Australia, Brazil, Mexico, South Africa, AdvancedMD, Inc., Allscripts Healthcare Solutions Inc, BioTelemetry, Inc., eClinicalWorks, iHealth Lab, Inc., McKesson Corporation, Koninklijke Philips N.V., AT & T, Cerner Corporation, Cisco Systems, Athenahealth, Inc., Capsule Technologies (Qualcomm Life), Increasing use of smartphones, tablets and other mobile platforms, Rapidly improving healthcare IT infrastructure in industrialized nations, Favorable government initiatives in U.S and European region, Rising demand for remote patient monitoring services, High capital expenditure and maintenance requirement. Industry Overview. Growing number of COVID-19 cases across the globe has increased the adoption of digital health technologies and will boost the digital health industry growth. The hardware segment had a market value of more than USD 31 billion in 2019 and is poised to exhibit robust growth during the analysis period. This will help companies create strategies to make the most of future growth opportunities. The global digital health market size was valued at US$116.39 bn in 2019 and expected to hit around US$ 833.44 bn by 2027, with a CAGR of 27.9% from 2020 to 2027.OTTAWA, Nov. 17, 2020 (GLOBE NEWSWIRE) -- Digital Healthcare function is largely based on the electronic health record (EHR), healthcare big data, electronic medical record (EMR), and many others. The health analytics segment was valued at more than USD 9.7 billion in 2019 and is expected to show robust growth during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the digital health market size. The market size of digital health valued over USD 106 billion in 2019. However, competitive situations such as the availability of open-source services will arise that will challenge the growth of the market participants. Health Care market will have Direct impact due to the spread. Digital Health Market Overview Valued at $101.4 billion in 2019, the global digital health market is projected to advance with a CAGR of 21.8% during the forecast period (2020–2030). Key Companies & Market Share Insights. In March 2019, the UK government announced an investment of around USD 10.30 million in innovative digital technology projects that were started to address key challenges in healthcare. The COVID-19 pandemic continues to unfold everyday with severe impact on people, communities, and businesses. Click here to uncover other successful business strategies deployed by the vendors. The profiles include information on the production, sustainability, and prospects of the leading companies. This launch will increase their customer base and revenue generation in the market. The latest survey on Global Digital Health Market is conducted covering various organizations of the industry from different geographies to come up with … The global digital health market size was valued at US$116.39 bn in 2019 and expected to hit around US$ 833.44 bn by 2027, with a CAGR of 27.9% from 2020 to 2027. The report analyzes the market’s competitive landscape and offers information on several market vendors, including: The digital health market is concentrated and the vendors are deploying growth strategies such as product innovation to compete in the market. In April 2020, Philips launched a national portal for digital exchange of COVID-19 patient data in Netherlands. The digital health systems market is forecast to exhibit more than 18% CAGR over the forecast period. A few key players in the industry are Allscripts Healthcare Solutions Inc, BioTelemetry, Cisco Systems, Honeywell International Inc, Koninklijke Philips N.V., McKesson Corporation, and Cerner Corporation. Get in touch with us for special pricing. Players, stakeholders, and other participants in the global Digital Health market will be able to gain the upper hand as they use the report as a powerful resource. Furthermore, high rate of technology adoption in the country coupled with relaxation of regulations during the pandemic will drive the local market growth. However, concerns regarding misuse of patient data and high capital expenditure and maintenance might impede the market expansion during the short run. The COVID-19 pandemic has forced the governments to relax regulations relating to telehealthcare that will augment product demand and propel the market expansion. List of Key Players Covered in The Digital Health Market Report Our customers rely on us to produce accurate, reliable and timely information. The highly contagious nature of the virus has driven the caregivers to use digital health technologies such as telehealth to successfully treat patients. Pharmaceuticals, Biotechnology & Life Sciences, Electronic Equipment, Instruments & Components, Technology Hardware, Storage & Peripherals, Independent Power and Renewable Electricity Producers, Independent Power Producers & Energy Traders. Also, growing geriatric population and rising chronic diseases will create a demand for medical apps. Latest Reports on Digital Health Market Analysis - Market Size, Market Growth, and Forecast Market Analysis Global Electronic Health Records Market 2016-2020 $2500.00 The European digital health market was valued at nearly USD 37 billion in 2019 and will exhibit rapid growth in the future. Digital health refers to the integration of information technology and electronic communications with various healthcare processes. Fetch actionable market insights on post COVID19 impact on each segment. The digital health systems segment is forecast to exhibit more than 18% CAGR through 2026. We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. A growing number of smartphone users across the globe will be a key to driving the market growth. The software segment held nearly 34% market share in 2019 and will exhibit robust growth over the forecast period. Large number of patients with chronic diseases will stimulate the demand for remote monitoring solutions. The global digital health market size was valued at US$ 85.0 Billion in 2017 and is expected to witness a CAGR of 23.8% over the forecast period (2018–2026). The presence of better infrastructure and the awareness of technological advances in the healthcare industry will facilitate the digital health market growth in North America over the forecast period. Request for a FREE sample and Get more information on the market contribution of various segments. Copyright © 2007-2020 Infiniti Research Limited. Only young people want to use digital services. In November 2019, Fitbit announced its acquisition by Google, a division of Alphabet Inc. Growing geriatric population across the world will have a positive impact on the product demand in the market. In the short term, the market demand will show Superior growth due to the increase in infections and reduced economic activity. The market will witness significant demand in the future owing to these conditions. Digital Health Market Size And Forecast. Digital Health Market size was valued over USD 106 billion in 2019 and the industry is predicted to achieve approximately 28.5% CAGR through 2026. These factors will drive the regional industry expansion. The digital health market size is projected to reach around USD 511 billion by 2026 and expanding at a CAGR of 27.7% during the forecast period 2019 to 2026. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework. The rising number of COVID-19 cases have created a need for software to record and track the COVID cases, thereby, propelling the demand for EHRs. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. Qualcomm Technologies Inc. Mqure. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth. This has driven the product adoption and is expected to propel the market expansion. Figure 1. The global market for women’s digital health technology will hit $297 million (£227m) in 2024 as device and service providers look to cash in on “one of the largest addressable markets” in digital health, according to a new report. Due to these primary revenue contributors, digital health market size increased 17.69% year-over-year in 2018. Our analysts can customize this report to meet your requirements. The industry share of digital health is predicted to achieve approximately 28.5% CAGR through 2026. In April 2019, Advantia Health In April 2019, the company, which is a women’s health group, completed the acquisition of Pacify, a telehealth company that focuses on virtual perinatal care for new and expectant mothers or parents. Get more details on this report - Request Free Sample PDF. According to Verified Market Research, the Digital Health Market was valued at USD 89.3 Billion in 2018 and is projected to reach USD 579.8 Billion by 2026, growing at a CAGR of 26.2% from 2019 to 2026. The digital health market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments: The above information is provided for the following regions and countries: Need a Discount? These factors will drive the digital health industry growth. Digital Health Market size was estimated over USD 106 billion in 2019 and the industry will grow at 28.5% CAGR through 2026. The report analyzes the market’s competitive landscape and offers information on several market vendors, including: Alphabet Inc. Apple Inc. Cisco Systems Inc. General Electric Co. International Business Machines Corp. Koninklijke Philips NV. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts. Toggle navigation. One of the more prevalent myths about healthcare is … This report provides a detailed analysis of the market by application (wireless health, mobile health, EHR, and telehealth), geographic landscape (North America, Europe, APAC, South America, and MEA), and key vendors. The COVID-19 pandemic has driven the demand for health analytics software. As the COVID-19 pandemic has forced the hospitals to triage the patients, there will be a growing adoption of remote monitoring solutions to ensure the health of patients with chronic conditions. ... 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