Digital Healthcare Market 2019 Business Trends, Regional Study


Posted November 15, 2019 by nita01

According to the research report published by Market Research Future Reports, the global digital healthcare market has observed a tremendous growth by 11.8% CAGR,
 
Market Insights
According to the research report published by Market Research Future Reports, the global digital healthcare market has observed a tremendous growth by 11.8% CAGR, which is estimated to expand till the year 2023. Later, this market gained USD 180 billion in 2017, which is expected to grow in the future timeline.

It has been observed that increasing demand for remote monitoring services owing to rising incidences of chronic diseases globally. This has been a significant factor propelling the global digital healthcare market during the forecast period. Mainly, remote monitoring uses technology to monitor changes in the health of patients, who are suffering from chronic diseases. These factors are generally augmenting the digital healthcare market growth for the future timeline.

Global digital healthcare market: Drivers & Trends
In today’s time, digital transformation is being the mainstream technology, especially in the healthcare sector, as several healthcare organizations are focusing on offering valuable and improved services to the patients. The ongoing technological advancements in the healthcare industry are actively encouraging the hospitals and other health roofs to shift towards digitalization and maintain a customer-centered business model efficiently. This is hereby boosting the growth of the digital healthcare market in the assessment period.

With that, other factors behind the expansion of the global digital healthcare market are proliferating at a steady pace owing to the presence of some latest favorable government initiatives and funding options in various countries across the globe. This is mainly for the adoption of digitalized systems, which is now set to fuel digital health industry growth in the years to come.

Moving forward, some more prominent factors that are mainly driving the market is the incredible rise in the infiltration of smartphones, tablets, and other devices that has mobile apps. By this, the physicians can track and access medical information, which will further favor industry expansion. Furthermore, mounting adoption of various healthcare IT solutions by healthcare providers to meet the intensified regulatory requirements for patient’s care and safety will also augment digital health industry growth by double-digit, as estimated in the forecast period.

Further, the increasing number of adoptions of cloud computing technologies its connection with health records systems and solutions is also fueling the growth of the digital healthcare market. However, on the flip side, the lack of awareness among end-user organizations about operating it in developing and underdeveloped countries is impeding the growth of the market. Also, some data security and privacy issues are likely to impede the adoption of digital healthcare solutions and services across the globe.

Key Players
Some of the key players in the global digital healthcare market are AllScripts Healthcare Solutions, Inc., AT & T, Athenahealth Inc., Biotelemetry, Inc., Cerner Corporation, Cisco Systems, EClinicalWorks, iHealth Lab, Inc., Koninklijke Philips N.V., LifeWatch AG, McKesson Corporation, Qualcomm, General Electric Company, and others.

Global Digital Healthcare Market Research Report: By Technology (Telehealthcare, mHealth, and Health Analytics), Component (Hardware, Software, and Services), End User (Providers, Payers, Employers, and Pharmaceutical Companies)—Global Forecast till 2023 : https://www.marketresearchfuture.com/reports/digital-healthcare-market-7636

 
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Last Updated November 15, 2019