The
global digital health market size is expected to reach
USD 509.2 billion by 2025, expanding at a CAGR of 27.7% over the forecast
period, according to a new report by Grand View Research, Inc. Growing adoption
of mHealth technologies by physicians to prescribe for self-management of
chronic illness, such as diabetes, has propelled the growth of the market. For
instance, Glooko is specifically used for management of diabetes. Availability
of such apps in smartphones makes it easier for healthcare professionals to
access patient information and diagnose diseases. Furthermore, increase in
penetration of smartphones and internet connectivity are the key factors driving
the market.
Growing
need for improving workflow efficiency in hospitals and other healthcare
centers is propelling the demand for mHealth services in healthcare
administration. For instance, Results SMS in Uganda is an open source SMS-based
platform providing appointment reminders. It gives appointment reminders as SMS
to patients. In addition, mHealth services are disseminating essential medical
information to healthcare professionals, which, in turn, is driving their
adoption in healthcare communities as these help in training, updating, and
educating about diagnosis and treatment.
Additionally,
increasing pressure from the governments to reduce cost and rising demand for
improved patient care are resulting in an increase in the demand for electronic
health record (EHR) system. Recent advancements in EHR technology with the
inclusion of interoperability, mobile, cloud, and big data are propelling the
demand for advanced EHRs in the market. Companies are increasingly investing in
developing innovative technologies in EHRs, which, in turn, is expected to
boost demand in the market. For instance, in 2018, Allscripts launched Avenel,
which is a mobile-first, cloud based EHR that uses machine learning to reduce
time in clinical documentation and works more like an app.
Full Research Report On Digital Health Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/digital-health-market
Digital Health
Market Report Highlights
- In 2018, the mHealth
technology segment held the largest revenue share owing to rising adoption
of mHealth technologies among physicians and patients, increasing trend of
preventive healthcare, and rising funding for mHealth startups
- Digital health systems
occupied the second largest revenue share in 2018 owing to rising
government initiatives to promote digital health, resulting in an
increased adoption of digital systems among healthcare systems
- North America held the
largest revenue share in 2018 owing to rapid growth in adoption of
smartphones, advancements in coverage networks, rise in the prevalence of
chronic diseases, and increase in geriatric population
- Asia Pacific is expected to
expand at the fastest CAGR over the forecast period owing to increasing
penetration of smartphones and smart wearable devices and rising adoption
of mHealth services
- Key players operating in the
digital health market include Apple Inc.; AirStrip Technologies;
Allscripts; Google Inc.; Orange; Qualcomm Technologies Inc.; Mqure;
Samsung Electronics Co. Ltd.; Telefonica S.A.; Vodafone Group; Cerner
Corporation; and McKesson Corporation.
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Digital Health
Market Segmentation
Grand View Research has segmented
the global digital health market on the basis of technology, component, and
region:
Digital Health
Technology Outlook (Revenue, USD Million, 2014 - 2025)
- Tele Healthcare
- Tele-care
- Activity Monitoring
- Remote Medication
Management
- Tele-health
- LTC Monitoring
- Video Consultation
- mHealth
- Wearables
- BP Monitors
- Glucose Meters
- Pulse Oximeters
- Sleep Apnea Monitors (PSG)
- Neurological Monitors
- Activity Trackers/
Actigraphs
- mHealth Apps
- Medical Apps
- Fitness Apps
- Services
- mHealth Services Market, By
Type
- Monitoring Services
- Independent Aging
Solutions
- Chronic Disease
Management & Post-Acute Services
- Diagnosis Services
- Healthcare Systems
Strengthening Services
- Others
- mHealth Services Market, By
Participants
- Mobile Operators
- Device Vendors
- Content Players
- Healthcare Providers
- Healthcare Analytics
- Digital Health Systems
- EHR
- E-prescribing Systems
Digital Health
Component Outlook (Revenue, USD Million, 2014 - 2025)
- Hardware
- Software
- Services
Digital Health
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Spain
- France
- Italy
- Russia
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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