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Digital Health Market | Covid-19 Impact Analysis
The Digital Health Market is segmented by Technology Type (Tele healthcare, mHealth, Health Analytics, and Digital Health Systems), by Component Type (Hardware, Software, and Services), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Digital health market is likely to witness an impressive CAGR of 12.3% over the forecast period. The key factor contributing to the demand for digital health is the surge in demand for remote patient monitoring.
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Digital Health Market – Snapshot |
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Growth |
12.3% for the next five years |
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Key Technology Type |
Tele healthcare |
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Dominant Component Type |
Services |
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Region with the highest demand |
North America |
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Key Players |
AdvancedMD Inc., Allscripts Healthcare Solutions Inc., Biotelemetry Inc, iHealth Lab Inc, McKesson Corporation, Koninklijke Philips N.V., AT & T, Cerner Corporation, and Cisco Systems |
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Based on the technology type, the market is segmented as tele healthcare, mHealth, health analytics, and digital health system. The tele healthcare segment is projected to maintain its dominance over the forecast period, owing to the increasing geriatric population, growing prevalence of chronic diseases, improving accessibility to the internet, and dearth of skilled healthcare professionals.
Based on the component type, the market is segmented as hardware, software, and services. The services segment is expected to remain most dominant in the market over the forecast period due to the growing demand for remote patient monitoring, synchronous services, and asynchronous services.
In terms of regions, North America is projected to be the largest market during the forecast period. The North American market is expected to grow with a lucrative CAGR over the forecast period, owing to well-developed healthcare infrastructure, huge healthcare expenditure, high adoption of advanced technology, and presence of tech savvy population.
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Some of the major market players of digital health are-
Digital health is the delivery of health-associated solutions and data through telecommunication technologies. Digital health offers virtual care in real time thus, saving valuable time of both, the patient and the care provider. Furthermore, it assists healthcare providers to gain access to electronic health record of patients to provide specific care, efficiently.
The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Digital Health Market Research Report – Features |
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Market Segmentation |
3 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
9 |
The digital health market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The digital health market is expected to witness an impressive growth of 12.3% CAGR in the foreseeable future.
AdvancedMD Inc., Allscripts Healthcare Solutions Inc., Biotelemetry Inc., iHealth Lab Inc., McKesson Corporation, Koninklijke Philips N.V., AT & T, Cerner Corporation, and Cisco Systems are among the key players in the digital health market.
North America is expected to remain the largest digital health market during the next five years.
The tele healthcare segment is expected to remain dominant technology type in the digital health market in the coming years.
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