Digital Health Market size was valued at US$ 246.01 Bn. in 2021 and the total revenue is expected to grow at 14 % through 2021 to 2029, reaching nearly US$ 701.78 Bn.
Digital Health Market Overview:
Digital Health Market landscape has been examined, and all of the key suppliers and application development and delivery developers have been present. Customer-centric methods by businesses, as well as the necessity to handle massive volumes of material, may define the market’s future shape. During the projected period (2021-2027), there will be alliances with integration partners to achieve optimal technology, as well as webinars for future trends and insights.
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Digital Health Market Scope:
Maximize Market Research report on Digital Health Market provides an investigative analysis with a cohesive grasp of the economy’s events as well as the consequences of the COVID-19 pandemic. It outlines drivers, challenges, opportunities, trends, and niches that industry leaders may leverage over the projected period (2021-2027).
The report discusses major advancements in Digital Health industry, as well as organic and inorganic growth strategies. Various businesses are concentrating on organic growth tactics such as new launches, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth tactics observed in the industry. With the increased demand, industry participants in Digital Health Market are expected to benefit from attractive growth prospects in the future. The following is a list of a few firms involved in Digital Health industry.
Segmentation Analysis:
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.
In 2021, mHealth had a 22% market share across all categories. The market is expanding due to the rising frequency of cardiovascular illnesses and related mobile health devices. The forecast period is predicted to see mHealth grow at a CAGR of 4.2%. Through the course of the forecast period, factors such as an increase in demand for remote monitoring devices, a rise in smartphone usage, and the incidence of hypertension are anticipated to propel market expansion for the category.
Health care providers dominated the market in 2021, 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.
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Key Competitors:
The market research study analyses the market’s main stakeholders. Among the key firms highlighted in the study are:
• Allscripts Healthcare Solution, Inc.
• Cerner Corporation
• Cisco systems
• eCLINICALWORKS
• General Electric Company
• Koninklijke Philips N.V
• Honeywell International Inc.
• Mckesson Corporation
• Siemans Healthcare AG
• Qualcomm technologies, Inc.
• Samsung Electronics Co., Ltd.
• HiMS
• Orange
• Qualcomm Technologies, Inc.
• Softserve
• MQure
• Computer Programs and Systems, Inc.
• Vocera Communications
• IBM Corporation
Regional Analysis:
The report offers a comprehensive overview of the sector, including both qualitative and quantitative data. It gives a global market analysis and prediction based on several segments. It also offers market size and forecast projections for five key regions, including North America, Europe, Asia-Pacific, the Middle East & Africa, and South America, from 2021 to 2027.
COVID-19 Impact Analysis on Digital Health Market:
The COVID-19 pandemic has had an impact on markets and consumer behaviour. It has had a significant influence on economies and civilizations alike. The effects of COVID-19 are expected to shift consumer demand to online platforms. This might permanently alter customer behaviour because once individuals get into the habit of purchasing online, it becomes a pattern that is difficult to break, compelling businesses to increase their online presence. COVID-19 has an immediate and extensive influence on consumer behaviour across all industries.
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Key Questions answered in Digital Health Market Report are:
- Which is the potential market for Digital Health in terms of the region?
- What are the opportunities for new market entrants?
- What is expected to drive the growth of Digital Health Market in the next seven years?
- What is the projected market size & growth rate of Digital Health Market?
- What segments are covered in Digital Health Market report?
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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