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. Request for a FREE Sample on the Impact of COVID-19. This report can be personalized according to your needs. This report provides an accurate prediction of the contribution of all the segments to the growth of the digital health market size. 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. Rapidly growing healthcare IT infrastructure in developed and developing countries will be conducive to market growth. These factors will boost the market growth. The global digital health market reached a value of US$ 167 Billion in 2019. The market size of digital health valued over USD 106 billion in 2019. In April 2020, Philips launched a national portal for digital exchange of COVID-19 patient data in Netherlands. 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 launch will increase their customer base and revenue generation in the market. The segment is bifurcated into EHRs and e-prescription software. The digital health systems market is forecast to exhibit more than 18% CAGR over the forecast period. If you may have any questions, please reach out to our customer support team. Click here to uncover other successful business strategies deployed by the vendors. Digital healthcare provides … Infinium Global Research is a business consulting and market research firm; a group of experts who … The COVID-19 pandemic has forced the governments to relax regulations relating to telehealthcare that will augment product demand and propel the market expansion. A growing number of smartphone users across the globe will be a key to driving the market growth. The highly contagious nature of the virus has driven the caregivers to use digital health technologies such as telehealth to successfully treat patients. 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. 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. This digital health market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. 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. A few of the major wireless technologies used for digital health are 4G, Bluetooth low energy (BLE), and BodyLAN. A growing telemedicine market and a preference for homecare settings will boost the demand for e-prescribing software thus propelling market expansion. 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. Get more details on this report - Request Free Sample PDF. 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 … Our customers rely on us to produce accurate, reliable and timely information. The software segment held nearly 34% of digital health market share in 2019 and will exhibit robust growth over the forecast period. 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. Pharmaceuticals, Biotechnology & Life Sciences, Electronic Equipment, Instruments & Components, Technology Hardware, Storage & Peripherals, Independent Power and Renewable Electricity Producers, Independent Power Producers & Energy Traders. 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. The digital health systems segment is forecast to exhibit more than 18% CAGR through 2026. Samsung Electronics Co. Ltd. Telefonica S.A. Vodafone Group. 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. This will help companies create strategies to make the most of future growth opportunities. 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. A growing demand for digital health software such as EHRs, fitness and medical apps, and healthcare analytics will drive the segment growth. However, competitive situations such as the availability of open-source services will arise that will challenge the growth of the market participants. 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. 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. This market is estimated to worth USD 312.6 billion by the end of 2025. As companies work to alleviate these concerns, and bring down the cost of digital health solutions, there will be an increase in product adoption rates. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary. Digital Health Market Highlights Market Research Future (MRFR) assessed the global Digital Health Market 2020 across the study period till 2025. The Health Care industry is expected to have Positive impact due to the spread of COVID-19 virus. Fetch actionable market insights on post COVID19 impact on each segment. 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. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026. 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. As the digital healthcare market … As an increasing number of patients turn to digital health technologies, companies are expanding their capabilities to deal with the sudden increase in patient volume. 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. These factors will drive the digital health industry growth. Browse TOC and LoE with selected illustrations and example pages of Digital Health Market. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients. GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. For more insights on the market share of various regions Request for a FREE sample now! Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Growing geriatric population across the world will have a positive impact on the product demand in the market. Due to these primary revenue contributors, digital health market size increased 17.69% year-over-year in 2018. Digital Health Market size was estimated over USD 106 billion in 2019 and the industry will grow at 28.5% CAGR through 2026. Request for a FREE sample and Get more information on the market contribution of various segments. The COVID-19 pandemic has driven the demand for health analytics software. 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). The software segment held nearly 34% market share in 2019 and will exhibit robust growth over the forecast period. These industry players are focusing on several strategies such as acquisitions, partnerships, new product launches, mergers and collaborations to increase their customer base and market share. The profiles include information on the production, sustainability, and prospects of the leading companies. Published Date: Jun 2020  |  Report ID: GMI833  |  Authors: Sumant Ugalmugle, Rupali Swain. 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. 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. Health analytics software has been used to track the spread of COVID-19 infection and to optimize the usage of hospital resources. Global Digital Health Market size, sales, share, other stats, Impact of COVID-19 Outbreak on Global Digital Health Market, Manufacturers, Contract Manufacturers Suppliers and Recovery Strategy and dynamics such as emerging trends, market opportunity, drivers & challenges to market growth have been included in the latest report published by Goldstein Market Intelligence. The latest survey on Global Digital Health Market is conducted covering various organizations of the industry from different geographies to come up with … This website is secured by 256-Bit encryption, Comodo, Firewall, Verified Sitelock Malware Protection. The COVID-19 pandemic continues to unfold everyday with severe impact on people, communities, and businesses. Get more details on this report - Request Free Sample PDF. Digital Health Service Market, Growth, Size, Share, PESTELE, SWOT and Key Players Positioning and Key players – StretchSense Vitali Welbean. Furthermore, a growing awareness about importance of fitness and health among the population will increase the product adoption, driving the market growth. 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. However, concerns regarding misuse of patient data and high capital expenditure and maintenance might impede the market expansion during the short run. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth. As the business impact of COVID-19 spreads, the Digital Health Market 2020-2024 market is expected to have Neutral & At par growth. 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%. Industry Overview. 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. The European digital health market was valued at nearly USD 37 billion in 2019 and will exhibit rapid growth in the future. Source: Coherent Market Insights Analysis (2018) Increase in aging population, prevalence of chronic diseases and need for continuous monitoring would propel growth for the digital … 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. Grab your Free Sample now to unlock further information on other key market drivers. Copyright © 2007-2020 Infiniti Research Limited. The industry share of digital health is predicted to achieve approximately 28.5% CAGR through 2026. Latest Reports on Digital Health Market Analysis - Market Size, Market Growth, and Forecast Market Analysis Global Electronic Health Records Market 2016-2020 $2500.00 This acquisition has strengthened their digital health product portfolio and expanded their customer base. Market growth in this region will be slower than the growth of the market in APAC. Apple Inc. AirStrip Technologies. The global digital health market is majorly driven by development in the healthcare technology, digitalization of the various devices and increasing spending power of the people. The digital health market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments: The above information is provided for the following regions and countries: Need a Discount? Digital Health Market size was valued over USD 106 billion in 2019 and the industry is predicted to achieve approximately 28.5% CAGR through 2026. Toggle navigation. One of the more prevalent myths about healthcare is … Furthermore, high rate of technology adoption in the country coupled with relaxation of regulations during the pandemic will drive the local market growth. A growing incidence of chronic diseases due to unhealthy lifestyle will increase the patient pool. Thus, caregivers will prefer remote monitoring of these patients to avoid exposure and improve patient quality of life, augmenting the digital health market growth. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines. These factors will drive the segment growth and boost the industry demand. The global digital health market size was valued at US$ 85.0 Billion in 2017 and is expected to witness a CAGR of 23.8% over the forecast period (2018–2026). GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework. 45% of the market’s growth will originate from North America during the forecast period. List of Key Players Covered in The Digital Health Market Report 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. The European market was valued at nearly USD 37 billion in 2019 while Germany was valued over USD 11 billion in 2019. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. Figure 1. Also, growing geriatric population and rising chronic diseases will create a demand for medical apps. This has driven the product adoption and is expected to propel the market expansion. Global Digital Health Market Value (US$ Bn), By Region, 2017. Google Inc. Orange. Large number of patients with chronic diseases will stimulate the demand for remote monitoring solutions. One of the major growth-promoting factors in the global digital health market is the increased support of governments across the globe. The country took on a novel approach to combat the COVID-19 pandemic and adopted digital health extensively to curb the spread. 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. 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. 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). You can select one of these options upon checking out, Allows one individual to access the purchased report, Allows up to five individuals to access the purchased report, Allows all employees of an organization to access the purchased report. The market will witness significant demand in the future owing to these conditions. In the short term, the market demand will show Superior growth due to the increase in infections and reduced economic activity. This will result in an increased demand for hardware such as glucometers, and BP monitors. 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. … 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. We can help! In November 2019, Fitbit announced its acquisition by Google, a division of Alphabet Inc. Global digital health market The global digital health market is expected to increase to over 500 billion U.S. dollars by 2025. 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. Purchase this report now and if we publish a new version within 90 days, we will send you a free copy. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The growth in several industries will be impacted significantly while numerous other markets may remain unscathed and show promising growth opportunities. Corona virus has had a significant impact on Europe, with Spain and Italy being highly affected. The e-Health market is expected to register a CAGR of nearly 14.7% during the forecast period, 2020-2025. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts. 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. The new Frost & Sullivan Global Digital Health Outlook 2020 analysis predicts the market will exceed $234.5bn (~€212.26bn) by 2023. Download a free sample of the digital health market forecast report for insights on complete key vendor profiles. 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. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. Furthermore, there have been strict lockdowns across the EU nations, which has disrupted the way patients seek care. Furthermore, patients with chronic conditions and geriatric individuals are more susceptible to the corona virus infection. 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. Increasing number of COVID-19 cases across the globe have led to impositions of lockdowns and stringent social distancing measures by governments of the world. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. Our analysts can customize this report to meet your requirements. Digital Health market is segmented by Type, and by Application. This will increase the product demand and propel the market expansion. Get in touch. The healthcare industry’s steady shift toward improved patient outcomes, cost containment, and value-based care is expected to drive the global digital healthcare market from an estimated $147bn in 2019 to $234.5 billion in 2023. It also permits the use of up to 4 paragraphs or 1 page of the report externally in whitepapers, press releases, and marketing collateral. Allscripts. The market players are also involved in M&A activities to achieve growth opportunities. Furthermore, due to shutdown of gyms and recreation clubs, there will be a growing demand for fitness apps. GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. Qualcomm Technologies Inc. Mqure. 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. All Rights Reserved. Only young people want to use digital services. 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). Digital health refers to the integration of information technology and electronic communications with various healthcare processes. Increasing number of pandemic COVID-19 cases across the globe has increased the adoption of digital health technologies. Health Care market will have Direct impact due to the spread. 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. Novartis Foundation and Ghana Health Service announced the integration and scale-up of telemedicine services across. These factors will drive the regional industry expansion. Get in touch with us for special pricing. 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 digital health market share growth by the wireless health segment will be significant during the forecast period. Register for a free trial today and gain instant access to 17,000+ market research reports. Key Companies & Market Share Insights. In June 2019, Allscripts announced that it acquired ZappRx, a digital health start-up company. 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 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. Digital Health Market Size And Forecast. ... Digital Health Service Market Segmentation: Type, Application and Geography With respect to product type and application areas, by geographies the market is segmented into North America, Europe, Asia Pacific and Rest of the World … 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. global digital health market covers segments, by service (mobile device, cloud based solution, big data analytics and healthcare mobility), end-user (clinics, government hospitals, specialty hospital, general hospital), (region- North America, Europe, Asia-Pacific, RoW), size, trends, CAGR and forecast up to 2024. Internal sharing only, Allows all employees of an organization to access the purchased report. Digital Health Market Size (2020 to 2025) As per the report published by MarketDataForecast, the global digital health market size is predicted to grow at a remarkable CAGR of 19.04% from 2020 to 2025. This has overburdened the hospitals with COVID cases and left little room for other patients. Bp monitors and revenue generation in the global digital health market 2020 the! The country coupled with relaxation of regulations during the short run disrupted way... Markets may remain unscathed and show promising growth opportunities result of extensive research, both primary and secondary various Request! Verified Sitelock Malware Protection and healthcare analytics will drive the segment growth and the... Have positive impact due to these primary revenue contributors, digital health start-up company in! ( ~€212.26bn ) by 2023 valued over USD 11 billion in 2019 in APAC governments of the wireless! 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