The growth of digital health market is backed by the following factors: smartphones are now frequently used as fitness and health monitors in addition to being devices for communication and entertainment, and the use of big data in healthcare is growing. More people are using electronic health records and electronic medical record systems, Telemedicine and telehealth services are being readily accepted by the medical community and are being acknowledged by both public and private entities. Chronic illnesses such as cancer, diabetes, cardiovascular disease, and Alzheimer's are gradually becoming more prevalent and require long-term care and patient monitoring services.
Market Size and Key Findings
The Global Digital Health Market size is at around US $ xx Bn in 2021 and is projected to reach US $ xx Bn in 2030, exhibiting a CAGR of xx% during the forecast period.
Global Digital Health Market Size (In USD Bn)
(2021-2030F)
Market Dynamics
Market Growth Drivers Analysis
IT companies are using a range of implementation strategies to increase the adoption of eHealth solutions that increase productivity in healthcare institutions, such as telemedicine, laboratory management systems, and clinical decision support systems. Businesses that educate healthcare professionals and payers about the need for follow-up following clinical treatments are seeing success with implementation. Deep medical learning is being improved by businesses in the digital health sector to predict a person's risk for dementia and Parkinson's disease. Some companies are getting better at utilising artificial medical intelligence to identify possible sickness trends in people (AI)
The key trends and opportunities in the digital health market as well as future trends are growing as a result of factors like rising smartphone adoption, improved internet connectivity, improved healthcare IT infrastructure, rising healthcare costs, rising prevalence of chronic diseases, rising demand for remote patient monitoring services, and increasing accessibility of virtual care
Competitive Landscape
Key Players
The prominent players operating in this market include: AT&T Inc., Apple Inc., AirStrip Technologies LP, Alcatel-Lucent Corporation, Cerner Corporation, Symantec Corporation, Aruba Networks, Inc., Cisco Systems, Inc., Qualcomm, Inc., Siemens Healthcare, Philips Healthcare, etc.
TABLE OF CONTENT
1. Report Description of the Global Digital Health Market
