The
global digital health market is subject to witness a substantial growth due to the
growing prevalence of chronic diseases and rising geriatric population across
the globe. Increasing adoption of remote monitoring for the treatment of
diseases such as Chronic Obstructive Pulmonary Disease (COPD) outside the
medical facility are expected to favor market growth over the forecast period.
Globally,
the market is predicted to generate massive revenue over next seven years,
providing numerous opportunities for market players to invest for research and
development in the digital health market. The recent technological advancements
healthcare IT sector coupled with development of novel technologies such as
cloud-based storage system are expected to play vital role in future market
growth. In addition, rising demand for smartphones and tablets by various
healthcare professionals in order to monitor patient health is anticipated to
boost market growth over the forecast period.
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Growing
geriatric population, particularly in the Asia Pacific region is predicted to
fuel demand for digital health services. Introduction of advanced digital
health services such as electronic medical records, e-prescribing systems,
remote patient monitoring, and wearable electronic medical devices are
forecasted to fuel market expansion in the near future.
In
addition, growing awareness among general population in regards to private
equity and corporate venture capital in the health IT sector is expected to
favor market growth as well. However, rise in number of concerns for patient
data security owing to increase in cyber security threats and data breaches to
gain unauthorized access to information technology (IT) systems are major
threat for sustained market growth. In addition, higher initial cost of
installations for technologically advanced systems is restraining market reach
to a certain extent.
The
market is broadly categorized into four major segments based on the application
type such as m-Health, electronic health record (EHR), telemedicine, and
healthcare analytics. The m-Health is considered as one of the fastest growing
segment in the market with substantial revenue generation in the last few
years. Growing popularity of the m-Health segment is attributed to the higher
market penetration and growing awareness among general population.
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Market Segment:
This report studies the global Digital
Health market, analyzes and researches the Digital Health development status
and forecast in United States, EU, Japan, China, India and Southeast Asia. This
report focuses on the top players in global market, like
•
Agfa-Gevaert
•
Cerner Corporation
•
Allscripts Healthcare
•
McKesson
•
Philips Healthcare
•
GE Healthcare
•
Siemens Healthineers
•
Epic Systems
Market segment by Regions/Countries,
this report covers
•
United States
•
EU
•
Japan
•
China
•
India
•
Southeast Asia
Market segment by Type, Digital Health
can be split into
•
Healthcare Information Systems
•
Wearable Devices
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