The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s Digital Health Global Market Report 2023 the favorable government initiatives in response to COVID-19 is the major driver for the digital health market’s growth in the forecast period. Governments around the world have rapidly brought health policies and extra advantages on linked health tools, such as digital health and remote patient monitoring, in response to COVID-19. A survey of US specialists found that owing to COVID-19, almost 80% of them expanded their use of digital health resources. In Medicare, before the pandemic, nearly 13,000 fee-for-service (FFS) recipients accessed digital health coverage in one week.
The global digital health market size grew from $195.57 billion in 2022 to $231.93 billion in 2023 at a compound annual growth rate (CAGR) of 18.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The digital health market size is expected to grow to $451.91 billion in 2027 at a CAGR of 18.1%.
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Major competitors in the digital health market are Allscripts Healthcare Solutions Inc., BioTelemetry Inc., eClinicalWorks, iHealth Lab Inc., McKesson Corporation, Koninklijke Philips N.V, AT & T, Cisco Systems, Athenahealth Inc.
A key trend in the digital health market includes technologically advanced solutions. Major companies operating in the digital health sector are focusing on developing technologically advanced solutions for digital health. For instance, in March 2018, Allscripts released Avenel, a mobile-first, cloud-based electronic health record (EHR) that employs machine learning to minimize the time in medical documentation and boost EHR usability for providers.
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The Digital Health market is segmented –
• By Technology: Mobile Health (mhealth), Health Information Technology, Telehealth And Telemedicine, Health Analytics, Other Technologies
• By Application: Cardiology, Diabetes, Neurology, Sleep Apnea, Oncology, Other Applications
• By End User: Healthcare Providers, Healthcare Payers, Pharmaceutical Companies, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the digital health market.
The Business Research Company’s “Global Digital Health Market Report 2023” provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Digital Health Market Include:
1. Executive Summary
2. Digital Health Market Characteristics
3. Digital Health Market Trends And Strategies
4. Digital Health Market – Macro Economic Scenario
5. Digital Health Market Size And Growth
27. Digital Health Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Digital Health Market
29. Digital Health Market Future Outlook And Potential Analysis
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