Digital Health Market Beyond US$ 200 Billion By 2026 - Coherent Market Insights

DIGITAL HEALTH MARKET ANALYSIS INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2020–2027

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REPORT DESCRIPTION Digital Health Market - Overview The Global Digital Health Market, by Technology Platform (Tele Health [Tele Medicine, Tele Care], mHealth, Digital Health Information System [EMR/HER, Clinical Decision Support System, Computerized Physician Order Entry and Others], Diagnostic and Monitoring Devices, Therapeutic Devices [Digital Medicine, Respiratory Therapy Devices, Insulin Pumps and Others] and Others) by End User (Business to Consumers and Business to Business) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ $ 85 billion in 2017 and is projected to exhibit a CAGR of 23.8% over the forecast period (2018 – 2026).

The digital health is broad term that takes many different platforms under its umbrella such as tele health, health information system (EHR/EMR) and more recent mHealth platforms and data analytics. Digital health platforms takes into account the patient centric approach rather than healthcare provider centric approach. Most importantly this platforms makes health care accessible and affordable with available healthcare labor force. With rising prevalence of chronic disease and need for their effective monitoring digital health platforms proves to be obliging medium.

Global shortage of healthcare providers would major impetus for the growth of digital health market. According to the World Health Organization factsheet in 2013, there would be shortage of 13 million healthcare professionals by 2025 from 7 million in 2013.

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REPORT DESCRIPTION Other factors that would aid growth for the digital health market are aging population, new technologies in digital health, larger penetration of smartphones and increased government funding for health care services.

Browse 75 Market Data Tables and 55 Figures spread through 240 Pages and in-depth TOC on “Digital Health Market - by Technology Platform (Tele Health [Tele Medicine, Tele Care], mHealth, Digital Health Information System [EMR/HER, Clinical Decision Support System, Computerized Physician Order Entry and Others],Online Pharmacy, Diagnostic and Monitoring Devices, Therapeutic Devices [Digital Medicine, Respiratory Therapy Devices, Insulin Pumps and Others] and Others) by End User (Business to Consumers and Business to Business) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Global forecast to 2026”

Key players are also undertaking strategic acquisitions in order to expand their product offering and geographic presence in different regions across the globe. For instance, in August 2017, Allscripts announced to acquire McKesson Corporation’s hospital and health system IT business and Enterprise Information Solutions for US$ 185 million in cash.

GE Healthcare, in March 2017, acquired Monica Healthcare with which company obtained fetal monitor technology. This technology comprises blue tooth connected device that monitors both fetal and maternal heart rate and uterine activity.

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REPORT DESCRIPTION Key Takeaways of the Digital Health Market: The global digital health market is expected to exhibit a CAGR of 23.8 % over the forecast period, owing to increasing aging population, shortage of physician and penetration of digital technology and smartphones Among the technology platform in digital health market, health information and specifically electronic health record (EHR) would hold largest market share in digital health market segment.

This is due to ease of operation’s EHR offers with data storage and use of same by different healthcare provider especially considering complex management of chronic disease. mHealth would be second most lucrative platform. With number of smartphones and tablets increasing, rising digital technology adaptation and increased health awareness by common population, there would be higher usage of patient monitoring devices and mobile applications.

Amongst end users, business to business segment is poised to see higher market growth due to larger adoption of health IT platforms such as EHR and large capital investment by hospitals to improve health care service quality and reach larger patient base.

According to a study published in American College of Cardiology Journal in 2017, cardiovascular disease accounts for around 800,000 deaths in the U.S. annually. U.S. currently has one of highest per capita expenditure on healthcare amounting US$ 9,146 according to statistics given

by World Economic Forum in 2016.

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ABOUT CMI SECTOR COVERAGE

BIOTECHNOLOGY

CLINICAL DIAGNOSTIC

HEALTHCARE IT

MEDICAL DEVICES

MEDICAL IMAGING

PHARMACEUTICAL

OUR CLIENTS

 Global Leading Equipment and System Manufacturers  Marketing Consultancies and the Advertising Industry  Component Providers and System Integrators

 Private and Government organization

 Distributors, Retailors and Value Added Resellers

 Outsourcing Companies

 Healthcare IT Solutions Developers

 Universities and Business Schools.

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Coherent Market Insights excels at offering unmatched actionable market intelligence across various industry verticals, including chemicals, healthcare, and food & beverages, to name a few. We implement holistic market research methodology in order to result in the best possible market research reports across various industries worldwide. Based on our unmatched expertise across various industries—no matter how large or small, how complex or unique—we help our clients achieve better outcomes with uniquely designed and highly customized solutions. Our coverage includes insights that help our clients ensure sustained growth in developed markets and also key inputs to help them tap into emerging markets and exploit the plethora of opportunities posed therein. © Coherent market Insights. All Rights Reserved

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