Digital Health Market Size, Trends, Key Players and Analysis By 2027

Digital Health Market Outlook

Digital health refers to the use of technology, such as mobile apps, wearables, and online platforms, to improve healthcare delivery and access. It encompasses a broad range of applications, including electronic health records (EHRs), telemedicine, remote patient monitoring, and health analytics. Digital health technology has the potential to transform the way healthcare is delivered, making it more accessible, efficient, and cost-effective. It can enable patients to take more control over their health and empower healthcare providers with better data for diagnosis and treatment. Overall, digital health represents a significant opportunity to improve healthcare outcomes and reduce healthcare costs, while enhancing the patient experience.

The global digital health market size reached US$ 289 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 881 Billion by 2027, exhibiting at a growth rate (CAGR) of 20.14% during 2022-2027.

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Digital Health Market Trends:

The rising demand for remote patient monitoring and telemedicine services represents one of the key factors driving the market growth. In line with this, advancements in digital technologies and the increasing adoption of smartphones and wearable devices are further contributing to the market growth. In addition to this, the market is also driven by government initiatives and funding for digital health solutions. Moreover, the rising incidence of chronic diseases and increasing healthcare costs are boosting the market growth. The increasing need for efficient healthcare delivery and patient engagement, coupled with the increasing focus on data analytics and precision medicine is expected to drive the market growth. Other factors, such as significant technological advancements and extensive research and development (R&D) activities, are creating a positive outlook for the market.

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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Competitive Landscape with Key Players:

The report has also analyzed the competitive landscape of the market with some of the key players.

  • iHealth Lab Inc.
  • AllScripts Healthcare Solutions Inc.
  • AirStrip Technologies
  • Qualcomm Technologies
  • Cerner Corporation
  • McKesson Corporation
  • Kininklijke Philips N.V.
  • LifeWatch AG
  • Biotelemetry Inc.
  • eClinicalWorks
  • Omron Healthcare
  • Athenahealth Inc.
  • AT&T

Key Market Segmentation:

The report has categorized the market based on type, component and region.

Market Breakup by Type:

  • Telehealth
  • Medical Wearables
  • EMR/EHR Systems
  • Medical Apps
  • Healthcare Analytics
  • Others

Market Breakup by Component:

  • Software
  • Hardware
  • Service

Market Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

Key Highlights of The Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • SWOT Analytics
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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