Digital Health Market size was valued at USD 280.45 Bn. in 2022 and the total revenue is expected to grow at 14% through 2023 to 2029, reaching nearly USD 701.78 Bn.
Digital Health Market Overview:
A competitor’s information is separated by the Digital Health Market competitive landscape. The information includes a business overview, financials, revenue generated, market potential, investments in research and development, initiatives to enter new markets, regional presence, firm strengths and weaknesses, product introduction, product width and breadth, and application domination. The data previously mentioned only applies to the businesses focus on the Digital Health Market.
Market Scope:
Recent advancements, trade restrictions, import-export analysis, production analysis, value chain optimisation, market share, the impact of domestic and localised market players, and other subjects are covered in this Digital Health Market research.
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Segmentation:
In 2020, the Software category held a 40% share of the market when broken down by component. The software market has grown as a result of how well the most recent mobile applications are received in healthcare. Through the projection period, the software segment is anticipated to increase at a CAGR of 4.9%. Divisions such as electronic health records, mHealth, healthcare analytics, etc., as well as growing consumer awareness of digital health to keep track of everyday activities, are anticipated to drive market expansion throughout the course of the forecast year.
Over the course of the projection period, the hardware segment is anticipated to expand at a CAGR of 3%. Through the forecast, the market is anticipated to develop as a result of rising investments in digital infrastructure and declining demand for software installation and upgrades.
Health care providers dominated the market in 2022, accounting for 30% of all end users. The rising incidence of chronic diseases, hypertension, the demand for mHealth apps, and technological advancements in the health care industry are the main drivers of market expansion.
Through the projection period, the Healthcare Consumers category is anticipated to expand at a CAGR of 2.7%. Growing consumer interest in fitness and remote monitoring services is anticipated to propel market expansion.
Key Players:
1. Allscripts Healthcare Solution, Inc.
2. Cerner Corporation
3. Cisco systems
4. eCLINICALWORKS
5. General Electric Company
6. Koninklijke Philips N.V
7. Honeywell International Inc.
8. Mckesson Corporation
9. Siemans Healthcare AG
10.Qualcomm technologies, Inc.
11.Samsung Electronics Co., Ltd.
12.HiMS
13.Orange
14.Qualcomm Technologies, Inc.
15.Softserve
16.MQure
17.Computer Programs and Systems, Inc.
18.Vocera Communications
19.IBM Corporation
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Regional Analysis:
The report has assessed the global Digital Health Market in the following regions:
- America, North (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
Key Questions answered in the Digital Health Market Report are:
- Which key trends are likely to emerge in the Digital Health Market in the forecast period?
- What will be the Digital Health Market size by 2029?
- Which company had the biggest share in the Digital Health Market in 2022?
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