Increasing health expenditure by government of various countries and rapid adoption of digitalization in health services are key factors driving global digital health market revenue growth. Governments of various countries have increased their public health expenditure post COVID. Developing countries, such as India, have increased their healthcare expenditure by 2.1% of their GDP. Similarly, in the UK current healthcare expenditure grew by 7.1% in 2021. In addition, central and state budgets have increased their priority in healthcare, which impacts citizens against financial hardships due to Out-Of-pocket expenditures made for healthcare.
Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What’s more, the Digital Health industry development trends and marketing channels are analyzed.
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Digital technologies offer preventative, clinical, and rehabilitative treatments, as well as needs-based solutions. These technologies may also enable medical professionals, facilities, and health systems to organise vast amounts of data in their health databases in order to more directly measure diagnostic errors and reduce their occurrence in the future. Furthermore, computer-aided detection has aided radiologists in more quickly and reliably examining images for patterns related to underlying diseases, such as breast cancer, during mammography screening. Rapid adoption of digitalization in health services is expected to accelerate market revenue growth.
Increase in various government initiatives to facilitate adoption of digital health solutions is expected to propel revenue growth of the market. To promote technological advances and transform healthcare in NHS by 2050, the UK government announced a funding of USD 41.28 million (£32 million). Additionally, to provide a beneficial link to the healthcare system without placing an undue strain on patients, telehealth can play a crucial role by linking them with doctors in distant medical facilities
Increased government initiatives to encourage the adoption of digital health solutions are expected to drive market revenue growth. The UK government announced funding of USD 41.28 million (£32 million) to promote technological advances and transform healthcare in the NHS by 2050. Furthermore, telehealth can play an important role in providing a beneficial link to the healthcare system without putting undue strain on patients by connecting them with doctors in distant medical facilities.
The key companies studied in the report are:
Allscripts Healthcare, LLC, Cisco Systems, Inc., McKesson Corporation, Koninklijke Philips N.V., Cerner Corporation (Oracle Corporation), NXGN Management, LLC., Epic Systems Corporation., SoftServe, AirStrip Technologies, Inc., and Healthcare Information, and Management Systems Society, Inc.
The research provides answers to the following key questions:
- What will be the growth rate of the Digital Health market for the forecast period, 2017 to 2027? What will be the market size and the share occupied by the prominent vendors by the estimated period?
- What are challenges and threats faced by the prominent vendors operating in the Digital Health market?
- Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
- What are the past, present and emerging trends likely to influence the growth rate of the Digital Health market for the forecast period, 2017 to 2027?
- What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
Emergen Research has segmented the global digital health market based on technology, component, end user, and region:
Technology Outlook (Revenue, USD Billion, 2019–2030)
- BP monitor
- Glucose monitor
- Pulse monitor
- Medical apps
- Fitness apps
- Health analytics
- Digital health systems
Component Outlook (Revenue, USD Billion, 2019–2030)
End User Outlook (Revenue, USD Billion, 2019–2030)
- Healthcare providers
- Healthcare consumers
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
Get to know the business better:
The global Digital Health market research is carried out at the different stages of the business lifecycle from the production of a product, cost, launch, application, consumption volume and sale. The research offers valuable insights into the marketplace from the beginning including some sound business plans chalked out by prominent market leaders to establish a strong foothold and expand their products into one that’s better than others.
Subject matter experts conducting the study also take a closer look at the products at their development stage and in the pipeline to help business owners conclude on the business strategies that can lower their cost and promise great returns or profits. Strong emphasis on new launches, acquisition and mergers, collaboration, import and export status and supply chain management empowers the business evangelists, manufacturers and business owners build a robust strategy when it comes to making an investment.
Create an everlasting reputation:
The report on global Digital Health market is intended to offer business owners, stakeholders and field marketing executives a broad overview of the business they should be focussing on for the estimated period. The research further holds vital information on the size of market and data on the prominent leaders’ product owners have to compete with, in the coming years. Assessments of the broad strengths, as well as weaknesses too, add value to the overall research. Products details not only cover the popular applications and its performance, but it also unveils certain trends and value of specific products within specific regions.
Industry experts conducting the study further estimate the potential of the Digital Health industry. Such information is important for firms looking to launch an innovative service or product on the market. Industry experts have measured the total volume of the given market. Researchers have calculated the industry in terms of sales by the competitors and end-user – customers. Data on the entire size of the Digital Health market for a particular product or a service for the forecast period, 2021 to 2028 covered in the report makes it valuable. This information reveals the upper limit of the Digital Health industry for a specific product or service.
A conscious effort is made by the subject matter experts to analyse how some business owners succeed in maintaining a competitive edge while the others fail to do so makes the research interesting. A quick review of the realistic competitors makes the overall study a lot more interesting. Opportunities that are helping product owners’ size up their business further add value to the overall study.
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