Digital Health Market Industry Analysis, Size, Share, Growth, Trends, and Forecast to 2027 | Impact of COVID-19 Pandemic

The global digital health market is segmented on the basis of component into hardware, software and service. Among these segments service segment is expected to capture the highest market share in overall digital health market during the forecast period. This can be attributed to the mounting penetration 3G and 4G network and increasing application area is driving the growth of global digital health market.

Global digital health market is expected to flourish at a CAGR of 13.6% during the forecast period. Additionally, the global digital health market is thriving on the back of rising government initiative for digital health solutions, innovation and advanced applications system of mHealth technologies, and growing usage of smart devices are the major factors propelling the growth of the market.

In the regional market, North America region captured the largest market share in overall digital health market and is expected to continue its dominance over the forecast period. Factors such as rising prevalence of advanced medical and healthcare infrastructure are positively impacting the Europe market. Europe is anticipated to contribute towards a significant CAGR during the forecast period. Rising usage of healthcare information system and wearable devices are some of the key factors which are driving the growth of digital health market in Europe region.

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Advancement of Technology

Fast innovative progressions in social insurance IT, for example, cloud-based capacity framework and expanding reception of cell phones and tablets by medicinal services experts to track and screen quiet wellbeing and history are themain factor driving the growth of the market. Rising advancements in social insurance IT alongside good government controls has generally supported the appropriation of different human services IT arrangements, for example, electronic health records, e-recommending frameworks, remote patient checking, and wearable restorative gadgets. Such factors will support worldwide advanced wellbeing market development. The interest for handling of building plastics where Digital Health films in an astounding oil and adequately diminishes the process duration is one of the significant main impetuses for global Digital Health market.

In contrast, high capital cost prerequisite for establishments of mechanically propelled frameworks will additionally hamper digital health industry development availability of substitute product is expected to hinder the growth of digital health market over the forecast period.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

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This report also provides the existing competitive scenario of some of the key players of the global Digital Health market which includes company profiling of Cerner Corp, GE Healthcare, McKesson Corp., AT&T Inc., Philips Healthcare, Cisco Systems, Agfa-Gevaert N.V., Siemens Healthineers, Allscripts Healthcare Solutions Inc., Qualcomm Inc. and other key players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Digital Health market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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