A report on the Digital Health Market has been recently published by Stratview Research. This Market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Digital Health Market. The historic years considered for the study are 2016-2020, the base year is 2021, and the forecast period is 2022-2028.
Market Analysis
The digital health market is estimated to grow from USD 174.2 Billion in 2021 to USD 561.52 Billion by 2028 at a healthy CAGR of 18.2% during the forecast period of 2022-2028.
The Market is segmented by Technology Type (Tele healthcare, mHealth, Health Analytics, and Digital Health Systems), by Component Type (Hardware, Software, and Services), and by Region (North America, Europe, Asia-Pacific, and the Rest of the World).
This report also focuses on the short- and long-term implications of the novel Coronavirus pandemic on the Digital Health Market at the global, and regional dimensions. To evaluate the percentage of loss or profit to the industry, the report also compares pre-COVID and post-COVID scenarios.
Key Segments Digital Health Market Report Covers:
The tele-healthcare segment is projected to maintain its dominance by owning more than 36% of the market share in 2021.
The market is segmented as tele-healthcare, mHealth, health analytics, and digital health system. It is owing to the increasing geriatric population, growing prevalence of chronic diseases, improving accessibility to the internet, and absence of skilled healthcare professionals.
The market is segmented into hardware, software, and services. The services segment is expected to remain the most dominant in the market over the forecast period and owing more than 45% share in 2021 due to the growing demand for remote patient monitoring, synchronous services, and asynchronous services.
Regional Analysis
North America held the highest market share of more than 45% in 2021 and grew with a lucrative CAGR over the forecast period, owing to a well-developed healthcare infrastructure, huge healthcare expenditure, high adoption of advanced technology, and the presence of a tech-savvy population.
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Key players operating in the digital health market are-
- AdvancedMD Inc.
- Allscripts Healthcare Solutions Inc.
- Biotelemetry Inc.
- iHealth Lab Inc.
- McKesson Corporation
- Koninklijke Philips N.V.
- AT T
- Cerner Corporation
- Cisco Systems.
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