Procurement
Expert Panel
Create New Account
Login
logo
Report store
Insights
Survey
Consulting
Book discovery call
logo

Digital Health Market: Current Analysis and Forecast (2021-2027)

Region:Global

Product Code:UMHE21275

Download Sample Report
Published On

June 2021

Total pages

142

About the Report

DIGITAL HEALTH MAKES THE USE OF TECHNOLOGY TO HELP PEOPLE GET BETTER WITH THEIR HEALTH. WEARABLE DEVICES, MOBILE HEALTH APPS, INGESTIBLE SENSORS, ELECTRONIC HEALTH RECORDS, AND AUTOMATED CARE DEVICES ARE MAIN COMPONENT OF DIGITAL HEALTH. SEVERAL GOVERNMENT ARE TAKING INITIATIVES TO PROMOTE DIGITAL HEALTH IN THEIR COUNTRY. FOR INSTANCE, THE AUSTRALIAN GOVERNMENT HAS TAKEN THE INITIATIVE TO PROMOTE HEALTHCARE IT IN AUSTRALIA THROUGH A LIFETIME POLICY PCEHR (PERSONALLY CONTROLLED ELECTRONIC HEALTH RECORD) FOR EACH OF ITS CITIZENS. THE DEMAND FOR DIGITAL HEALTH IS INCREASING ON ACCOUNT OF THE GROWING NUMBER OF SMARTPHONE USERS, EMERGING HEALTHCARE IT INFRASTRUCTURE IN DEVELOPED AND DEVELOPING COUNTRIES, THE GROWING AWARENESS ABOUT THE IMPORTANCE OF HEALTH AND FITNESS AMONG THE POPULATION, INCREASING USE OF NUMEROUS HEALTH AND MEDICAL APPS TO MAINTAIN FITNESS. MOREOVER, THE GROWING GERIATRIC POPULATION, RISING HEALTHCARE EXPENDITURE, AND INCREASING PREVALENCE OF DISEASES INCLUDING CHRONIC OBSTRUCTIVE PULMONARY DISEASE (COPD), DIABETES, AND CANCER ALSO PROPELS THE MARKET GROWTH. ACCORDING TO THE NATIONAL INSTITUTES OF HEALTH (NIH), MORE THAN 16 MILLION AMERICANS ARE SUFFERING FROM CHRONIC OBSTRUCTIVE PULMONARY DISEASE (COPD). HOWEVER, SOME OF THE CHALLENGES THE INDUSTRY FACES INCLUDES SECURITY CONCERNS REGARDING PATIENT DATA AND LACK OF APPROPRIATE HEALTHCARE INFRASTRUCTURE.

BASED ON TECHNOLOGY, THE MARKET IS FRAGMENTED INTO MOBILE HEALTH TECHNOLOGY, HEALTH INFORMATION TECHNOLOGY, WEARABLES TECHNOLOGY, TELEHEALTH TECHNOLOGY, AND OTHERS. THE MOBILE HEALTH TECHNOLOGY ACCOUNTED FOR THE LARGEST SHARE IN 2020 IS ANTICIPATED TO REGISTER A LUCRATIVE CAGR DURING THE FORECAST PERIOD. THE INCREASING USE OF MHEALTH APPS, INCREASING PENETRATION OF INTERNET CONNECTIVITY & SMARTPHONES, AND THE HIGH ADOPTION OF DIGITAL HEALTH TECHNOLOGIES BY PATIENTS AND PHYSICIANS ARE THE MAJOR FACTOR DRIVING THE MARKET GROWTH. FOR EXAMPLE, TEVA A PIONEER IN ENHANCING HEALTH AND IMPROVING ACCESS TO QUALITY HEALTHCARE FOR SOCIETY HAS LAUNCHED A BLUETOOTH-ENABLED ALBUTEROL SULFATE RESCUE INHALER. THE NEW INHALER IS AVAILABLE ON PRESCRIPTION TO U.S. PATIENTS AGE 4 AND OLDER, ACCORDING TO THE TEL AVIV, ISRAEL-BASED COMPANY. 'PROAIR DIGIHALER' CONNECTS WITH THE SMARTPHONE TO DETECT AND RECORD COPD AND ASTHMA SYMPTOMS.

BASED ON DEPLOYMENT MODE, THE MARKET IS FRAGMENTED INTO SOFTWARE, SERVICE, AND HARDWARE. THE SOFTWARE SEGMENT IS EXPECTED TO REGISTER THE HIGHEST CAGR IN THE UPCOMING PERIOD OWING TO THE RISING DEMAND FOR REDUCING MEDICAL COSTS, AND SEVERAL INITIATIVES TAKEN BY GOVERNMENT ORGANIZATIONS TO BOOST HEALTHCARE IT ALSO PROPELS THE MARKET GROWTH. FDA LAUNCHED THE DIGITAL HEALTH CENTER OF EXCELLENCE IN 2020, FOR THE EMPOWERMENT OF STAKEHOLDERS TO ADVANCE HEALTH CARE BY FOSTERING RESPONSIBLE AND HIGH-QUALITY DIGITAL HEALTH INNOVATION.

BASED ON MODALITY, THE MARKET IS FRAGMENTED INTO WIRED AND WIRELESS. THE WIRELESS SEGMENT ACCOUNTED FOR THE LARGEST SHARE IN 2020 IS ANTICIPATED TO REGISTER A LUCRATIVE CAGR DURING THE FORECAST PERIOD. WIRELESS DIGITAL HEALTH TECHNOLOGIES SUCH AS 4G, BLUETOOTH LOW ENERGY (BLE), AND BODYLAN ARE USED FOR THE DIAGNOSIS AND TREATMENT OF DISEASES. IN 2020, COS ANNOUNCED THE GLOBAL LAUNCH OF ITS FIRST HACKPROOF BABY MONITOR, A HUGE BREAKTHROUGH OFFERING CUSTOMERS AN ALL-IN-ONE INTELLIGENT WAY TO KEEP A TRACK ON THEIR BABIES AT HOME REMOTELY.

BASED ON END-USER, THE MARKET IS FRAGMENTED INTO CLINICS, HOSPITALS, AMBULATORY SURGERY CENTERS, HOME CARE SETTINGS, AND OTHERS. THE HOSPITALS SEGMENT IS EXPECTED TO DOMINATE THE MARKET OWING TO THE HIGH ADOPTION OF ARTIFICIAL INTELLIGENCE IN A DIGITAL HEALTH SETTING, AND ADVANCEMENTS IN TECHNOLOGIES. FOR INSTANCE, IN 2020, QUANTIB, A MARKET LEADER IN ARTIFICIAL INTELLIGENCE SOLUTIONS FOR RADIOLOGY, RECEIVED FDA CLEARANCE FOR ITS PROSTATE SOLUTION WHICH PROVIDES A WORKFLOW FOR THE DETECTION OF ABNORMALITIES ON MRI PROSTATE SCANS.

FOR A BETTER UNDERSTANDING OF THE MARKET ADOPTION OF DIGITAL HEALTH, THE MARKET IS ANALYZED FOR MAJOR REGION INCLUDING NORTH AMERICA (US, CANADA, AND THE REST OF NORTH AMERICA), EUROPE (GERMANY, FRANCE, ITALY, SPAIN, UK, AND REST OF EUROPE), ASIA-PACIFIC (CHINA, JAPAN, INDIA, AUSTRALIA, AND REST OF APAC), AND REST OF WORLD. NORTH AMERICA WILL DOMINATE THE DIGITAL HEALTH MARKET ON ACCOUNT OF THE RISING HEALTHCARE COSTS, INCREASING ADOPTION OF SMARTPHONES, ADVANCEMENTS IN COVERAGE NETWORKS, AND A SURGE IN DEMAND FOR TELEHEALTHCARE SERVICES. SOME OF THE MAJOR PLAYERS OPERATING IN THE MARKET INCLUDE MEDTRONIC, ALLSCRIPTS HEALTHCARE SOLUTIONS INC., BIOTELEMETRY INC., ECLINICALWORKS, IHEALTH LAB INC, MCKESSON CORPORATION, KONINKLIJKE PHILIPS N.V, AT & T, CISCO SYSTEMS, AND ATHENAHEALTH INC.

Scope of the Report

Products

Digital health makes the use of technology to help people get better with their health.

Companies

MEDTRONIC

ALLSCRIPTS HEALTHCARE SOLUTIONS INC.

BIOTELEMETRY INC.

ECLINICALWORKS

IHEALTH LAB INC

MCKESSON CORPORATION

KONINKLIJKE PHILIPS N.V

AT & T

CISCO SYSTEMS

AND ATHENAHEALTH INC.

Table of Contents

1 MARKET INTRODUCTION

1.1 MARKET DEFINITIONS

1.2 LIMITATIONS

1.3 STAKE HOLDERS

1.4 CURRENCY USED IN REPORT

2 RESEARCH PROCESS & RESEARCH METHODOLOGY

2.1 RESEARCH PROCESS OF THE DIGITAL HEALTH MARKET

2.2 RESEARCH METHODOLOGY OF THE DIGITAL HEALTH MARKET

2.3 FORECASTING METHOD

2.4 RESPONDENT PROFILE

2.5 MAIN OBJECTIVE OF THE DIGITAL HEALTH MARKET STUDY

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL DIGITAL HEALTH MARKET ANALYSIS 2019-27F

6 MARKET INSIGHTS BY TECHNOLOGY

6.1 MOBILE HEALTH TECHNOLOGY

6.2 HEALTH INFORMATION TECHNOLOGY

6.3 WEARABLES TECHNOLOGY

6.4 TELEHEALTH TECHNOLOGY

6.5 OTHERS

7 MARKET INSIGHTS BY DEPLOYMENT MODE

7.1 SOFTWARE

7.2 SERVICE

7.3 HARDWARE

8 MARKET INSIGHTS BY MODALITY

8.1 WIRED

8.2 WIRELESS

9 MARKET INSIGHTS BY END-USER

9.1 CLINICS

9.2 HOSPITALS

9.3 AMBULATORY SURGERY CENTERS

9.4 HOME CARE SETTINGS

9.5 OTHERS

10 MARKET INSIGHTS BY REGION

10.1 NORTH AMERICA DIGITAL HEALTH MARKET

10.1.1 UNITED STATES

10.1.2 CANADA

10.1.3 REST OF NORTH AMERICA

10.2 EUROPE DIGITAL HEALTH MARKET

10.2.1 GERMANY

10.2.2 FRANCE

10.2.3 UNITED KINGDOM

10.2.4 ITALY

10.2.5 SPAIN

10.2.6 REST OF EUROPE

10.3 ASIA PACIFIC DIGITAL HEALTH MARKET

10.3.1 CHINA

10.3.2 JAPAN

10.3.3 INDIA

10.3.4 AUSTRALIA

10.3.5 REST OF ASIA PACIFIC

10.4 REST OF WORLD DIGITAL HEALTH MARKET

11 DEMAND AND SUPPLY SIDE ANALYSIS

11.1 DEMAND SIDE ANALYSIS

11.2 SUPPLY SIDE ANALYSIS

11.2.1 TOP PRODUCT LAUNCHES

11.2.2 TOP BUSINESS PARTNERSHIPS

11.2.3 TOP BUSINESS EXPANSIONS, INVESTMENTS, AND DIVESTITURES

11.2.4 TOP MERGER AND ACQUISITIONS

12 VALUE CHAIN ANALYSIS

13 GLOBAL DIGITAL HEALTH MARKET TRENDS & INSIGHTS

14 GLOBAL DIGITAL HEALTH MARKET DYNAMICS

14.1 DRIVERS

14.2 CHALLENGES

14.3 IMPACT ANALYSIS

15 GLOBAL DIGITAL HEALTH MARKET OPPORTUNITIES

16 COMPETITIVE SCENARIO

17 COMPANY PROFILED

17.1 MEDTRONIC

17.2 ALLSCRIPTS HEALTHCARE SOLUTIONS INC.

17.3 BIOTELEMETRY INC.

17.4 ECLINICALWORKS

17.5 IHEALTH LAB INC.

17.6 MCKESSON CORPORATION

17.7 KONINKLIJKE PHILIPS NV

17.8 AT & T

17.9 CISCO SYSTEMS

17.10 ATHENAHEALTH INC.

18 DISCLAIMER

Research Methodology

Why Buy From Us?

RRR
Refine Robust Result (RRR) Framework

What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story

reach
Our Reach Is Unmatched

We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.

Research
Shifting the Research Paradigm

While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.

Insite
More Insights-Better Decisions

With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.

Trust
Transparency and Trust

Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.

support
Round the Clock Support

If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.

Why Client Choose Us?

400000+ Reports in repository
150+ Consulting project a year
100+ Analysts
8000+ Client Queries in 2022