Digital Health Market – New Investments Expected to Boost the Demand by 2024

ReleaseWire

Sarasota, FL -- (SBWIRE) -- 05/01/2018 -- Global Digital Health Market: Overview

Digital health has turned out to be a buzz word with mounting use of digital health platforms such as mobile health, telehealth, and other wireless solutions in nursing homes and hospitals in an attempt to offer patients with instantaneous healthcare services. The influence of digital technology amid end-user verticals such as retail, public, banking, financial service & insurance and manufacturing sectors is extraordinary; however, it is turning out to be a game-changer technology in the healthcare sector with the mounting reliance on digital health platform by end-users. These platforms are being progressively employed to execute remote examining for chronic disease as well as to access personal health record and electronic medical record via mobile and broadband.

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Global Digital Health Market: Growth Factors

The increasing consciousness regarding health, complemented by the mounting implementation of tablet and smartphone are anticipated to fuel the growth of the digital health market. Furthermore, the increasing infiltration of 4G and 3G network and rising application area is backing the market growth. Nevertheless, the severe regulatory standards and risk related to data security and privacy are projected to hamper the growth of the digital health market.

Global Digital Health Market: Segmentation

The worldwide digital health market can be bifurcated based on products, end-user, component, and geography. The products segment of the market can be divided into wearable devices and healthcare information systems. The wearable devices market segment can be sub-divided into digital therapeutic devices and diagnostic & monitoring devices. The digital therapeutic devices segment can be further diversified into rehabilitation devices, insulin pumps, respiratory therapy devices, and pain management devices. The healthcare information system segment of the market can be classified into non-clinical solutions and clinical solutions. The clinical solutions segment can be sub-divided into clinical decision support system, EHR/EMR, mHealth, computerized physician order entry, population health management, telehealth, and others. The component segment of the digital health market can be classified into software, services, and hardware. The end-user segment of the digital health market can be bifurcated B2B and B2C. The B2B market segment can be is diversified into payers, providers, pharmaceutical companies, employers, and others. The B2C market segment can be sub-categorized into caregivers and patients. Geographically, the worldwide digital health market can be diversified into Europe, North America, Latin America, Asia Pacific, and Middle East & Africa.

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Global Digital Health Market: Regional Analysis

North America is anticipated to govern the worldwide digital health market. The growth of this region can be attributed to the prudence of a huge player pool and the rising partnership between them. Furthermore, Asia Pacific is expected to present productive opportunities for the market growth in the years to come.

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Global Digital Health Market: Competitive Players

The leading players the worldwide digital health market consist of Cerner Corp., McKesson Corp., GE Healthcare, Philips Healthcare, Agfa-Gevaert N.V., and Allscripts Healthcare Solutions Inc. Other few prominent players in the market are Epic Systems Corp., Qualcomm Inc., Cisco Systems Inc., Siemens Healthineers, and Truven Health Analytics.

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