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    Digital Medicine Market Report

    Digital Medicine Market Report
    Report code - SR1006 Delivery - 2 Weeks
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    Global Digital Medicine Market, Dynamics, Trends, and Market Analysis
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    Impact of COVID-19 on Digital Medicine Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Digital Medicine Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global Digital Medicine Market is expected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of over x% during the forecast period.

    Figure: Global Digital Medicine Market Size, 2020-2026 (USD Million)

    Digital-Medicine-Market-Forecast

    Wish to get a full scope on the assumptions of this study? Click here.

    What is Digital Medicine?

    Digital Medicine is defined as a practice in which technology is used as a tool for measurement and intervention in human health services. It empowers the healthcare providers and patients with accessible tools to address a broad range of medical conditions through safe & effective methods. Digital medicine products can be used independently or along with pharmaceuticals, devices, and other products to improve patient health care.

    Key Players

    Key players operating in the global Digital Medicine Market are-

    • 2Morrow, Inc. (The U.S),
    • Ginger.io Inc. (The U.S),
    • Akili Interactive Labs (The U.S),
    • Livongo Health Inc (The U.S),
    • AliveCor Inc. (The U.S),
    • WellDoc Inc. (The U.S),
    • MOCACARE (The U.S),
    • Proteus Digital Health, Inc. (The U.S),
    • Voluntis (France) and
    • Omada Health, Inc (The U.S).

    Market Dynamics

    The growth of the global digital medicine market is primarily driven by the increasing adoption of technologically advanced healthcare solutions coupled with growing digitalization across geographies.

    • Additionally, an increasing number of people suffering from various diseases such as diabetes, asthma, heart disease, obesity, and COPD among others is expected to drive the market growth at a significant rate during the review period.
    • Furthermore, growing awareness about advanced healthcare solutions in developing countries is expected to create lucrative opportunities for the market players over the forecast period.

    Segments' Analysis

    Technology Trends

    Based on technology, the market has been segmented into mobile health, telehealth, wireless health, and EMR/EHR.

    • The mobile health segment accounted for the largest market share in 2020 due to widespread usage of mobile phones for various healthcare purposes such as clinical or assistance in diagnosis, reminders and alters, remote monitoring, healthy living application, and productivity applications.

    Regional Trends

    Geographically, the market in North America accounted for the largest market share in 2020.

    • The regional market growth can be attributed to the high adoption of advanced healthcare solutions and the presence of key market players such as 2Morrow, Inc. (US) and Ginger.io Inc. (US).
    • The market in Asia-Pacific is expected to grow at the fastest CAGR during the review period on account of increasing awareness about personalized healthcare solutions coupled with increased healthcare spending.

    COVID-19 Impact on Global Digital Medicine Market

    Covid-19 outbreak impacted the growth of the Digital Medicine market positively. The COVID-19 pandemic has disrupted global economies and health care with extensive lockdowns and travel bans to prevent the spread of the virus. The fear of coronavirus infection and imposition of lockdown resulted in increased deployment of digital technology to address the healthcare problems.

    Critical Questions Answered in the Report

    • What are the key trends in the global Digital Medicine market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global Digital Medicine market?
    • What are the key strategies adopted by the major vendors to lead in the global Digital Medicine market?
    • What is the market share of the top vendors?

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    Target Audience

    • Digital medicine manufacturers
    • Digital medicine suppliers
    • Digital medicine distributors
    • Organizations
    • Government bodies

    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 sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    2Morrow, Inc. (The U.S), Ginger.io Inc. (The U.S), Akili Interactive Labs (The U.S), Livongo Health Inc (The U.S), AliveCor Inc. (The U.S), WellDoc Inc. (The U.S), MOCACARE (The U.S), Proteus Digital Health, Inc. (The U.S), Voluntis (France) and Omada Health, Inc (The U.S) are among the key players in the digital medicine market.

    North America accounted for the largest share in the digital medicine market in 2020.

    Asia-pacific is expected to grow at the fastest CAGR in the digital medicine market in the coming years.

    The mobile health segment accounted for the largest share in the digital medicine market in 2020.

    Increasing adoption of technologically advanced healthcare solutions coupled with growing digitalization across geographies, increasing number of people suffering from various diseases are the factors driving the growth of digital medicine market.

    Digital medicine manufacturers, Digital medicine suppliers, Digital medicine distributors, Organizations, Government bodies are the target audience in the digital medicine market.

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