Digital Health to Grow to $281 B by 2030
- Business, Digital Health

Digital Health to Grow to $281.1 B by 2030

The global Digital Health Market is estimated to be US$ 281.1 Billion in 2030 at a CAGR 11.50% during the forecast period

Published Date: September 2021

The global Digital Health Market accounted for US$ 94.5 billion in 2020 and is estimated to be US$ 281.1 billion by 2030 and is anticipated to register a CAGR of 11.5%. Digital Health has a crucial role to play to improve the impact and efficiency of modern healthcare. Digital health involves the use of new-age information communication technologies that use digital, mobile, and cloud-based platforms to improve patients’ health. Further, digital health offers platforms such as telecare, telehealth, telemedicine that are beneficial for patients to connect with a healthcare provider. Further, the digital health market also reduces the costs of treatment due to personalized and precise medicine. Digital health is the convergence of genomics and digital revolutions with health, healthcare, living, and society. Overall the digital health is used for diagnosis, treatment, consultation, and long-term care services at economies of cost with greater access to the data pool.

The report  Global Digital Health Market, By Technology Platform (Telehealth (Tele Medicine, and TeleCare) mHealth, Digital Health Information Systems (EMR/HER, Clinical Decision Support System (CDCC), Computerized Physician Order Entry (CPOE), and Others, Diagnostic and Monitoring Devices, and 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, Middle East, Asia Pacific, and Africa) – Trends, Analysis and Forecast till 2030.

Key Highlights:

  • In June 2018, Medidata, cloud storage and data analytics company, acquired Shyft Analytics for USD 195.0 million to jointly develop data platforms that can be used in processes ranging from the beginning of the drug development phase to its commercialization.

Analyst View:

The increasing prevalence of the aging population, with chronic disorders and others diseases, fosters the digital health market. Furthermore, the increasing demand for personalized medicine is also expected to propel the digital health market. Digital health also encompasses genomics, information systems, wireless sensors, cloud computing, and machine learning with modern healthcare. Moreover, the increased base of smartphones and tablets across the globe, especially in developing countries, would lead to higher adoption of digital health platforms.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Digital Health Market, By Technology Platform (Telehealth (Tele Medicine, and TeleCare) mHealth, Digital Health Information Systems (EMR/HER, Clinical Decision Support System (CDCC), Computerized Physician Order Entry (CPOE), and Others, Diagnostic and Monitoring Devices, and 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, Middle East, Asia Pacific, and Africa) – Trends, Analysis and Forecast till 2030.”

To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Global-Digital-Health-Market-By-29

Key Market Insights from the report:

The Global Digital Health Market accounted for US$ 94.5 billion in 2020 and is estimated to be US$ 281.1 billion by 2030 and is anticipated to register a CAGR of 11.5%. The Global Digital Health Market has been segmented based on the technology platform, end-user, and region.

  • By Technology Platform, the market is segmented into Telehealth (Tele Medicine, and TeleCare) mHealth, Digital Health Information Systems (EMR/HER, Clinical Decision Support System (CDCC), Computerized Physician Order Entry (CPOE), and Others, Diagnostic and Monitoring Devices, and Therapeutic Devices (Digital Medicine, Respiratory Therapy Devices, Insulin Pumps, and Others.
  • By End-User, the market is segmented into Business to Consumers and Business to Business.
  • By Region, the Global Digital Health Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape:

The key players operating in the global market of Digital Health include Allscripts Health Solutions, Inc. McKesson Corporation, Cerner Corporation, Siemens Healthineers, GE Healthcare, Koninklijke Philips N.V., Qualcomm Inc., Proteus Digital Health, Inc., Athenahealth, Inc., and Cisco Systems.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends, which will help companies enlarge their businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, partnerships, and regulatory frameworks across different regions, impacting the market trajectory. Finally, recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights specializes in market research, analytics, marketing/business strategy, and solutions that offer strategic and tactical support to clients for making well-informed business decisions and identifying and achieving high-value opportunities in the target business area. We also help our clients address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

  • First, it explains an overview of the product portfolio, including product development, planning, and positioning.
  • Explains details about key operational strategies focusing on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
  • Detailed analysis of the market revenue over the forecasted period.
  • Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
  • Study on the segments that are anticipated to dominate the market.
  • Study on the regional analysis that is expected to register the highest growth over the forecast period.

Key Topics Covered

  1. Introduction
  • Study Deliverables
  • Study Assumptions
  • Scope of the Study
  1. Research Methodology
  2. Executive Summary
  • Opportunity Map Analysis
  • Market at Glance
  • Market Share (%) and BPS Analysis, by Region
  • Competitive Landscape
  • Heat Map Analysis
  • Market Presence and Specificity Analysis
  1. Investment Analysis
  2. Competitive Analysis

To know more

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Prophecy Market Insights

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Digital Health to Grow to $281 B by 2030

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