Digital Health Market Report | 2019 -2027: Market Research | Industry Analysis, Size, Share, Trends and Forecast


Posted February 1, 2020 by Oliva4u

Digital Health market revenue is largely generated from sales of digital health technologies used worldwide for electronic health records and e-prescribing system
 
Digital Health primarily consists of technology such as Tele-healthcare, Telehealth, mHealth, Apps, Digital Health System used for activity monitoring, remote medication manegment, LTC monitoring, video consultation, BP monitors, glucose meter, pulse oximeter sleep apnea monitors, neurological monitors, medical fitness, HER and e-prescribing system. Tele-healthcare technologies are most widely used across the healthcare facilities around the globe. However, the demand for mHealth technologies are gaining popularity but are expected to continue lag behind tele-healthcare in terms of market growth.

Marker Overview:

• Global Digital Health Market is projected to expand with a CAGR of 26.4% during the forecast timeline, 2019 to 2027.
• The Digital Health market valued over USD 90billion in 2019 and is poisedto expand with a CAGR of over 26.4% during the forecast period and will pose to attract increasing investments.
• Digital Health market revenue is largely generated from sales of digital health technologies used worldwide for electronic health records and e-prescribing system. In 2018, a large majority of market value was generated from digital health system technology, accounting more than 30% of market share, owing to their multipurpose role, value proposition and cost effectiveness.
• mHealth technologies in digital health market accounted for more than 25% of market share in year 2018, and is poised to expand with a CAGR of over 38% during the forecast period.
• North America Digital Health market accounted for largest market share in 2018 owing U.S Digital Health market which dominates the regional market with more than 80% market share. Advance healthcare infrastructure aided with integration IT at various levels of healthcare management and high healthcare sector spending are main reasons behind U.S Digital Health market growth.
• Asia Pacific Digital Health market is poised to expand with exponential growth rate owing to developing healthcare sectors and inclusion of IT in healthcare practices in countries such as India and China.
• JapanDigital Health market will value over USD 26 billion by the end of 2027. High healthcare spending, rising adoption of mHealth and telehealth technology will augment market growth.

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Research Scope:
The Digital Health Market is segmented into;Technology [Tele-healthcare {Telecare (Activity Monitoring, Remote Medication Management), Telehealth (LTC Monitoring, Video Consultation)}, mHealth {Wearables (BP Monitors, Glucose Meter, Pulse Oximeter, Sleep Apnea Monitors, Neurological Monitors), Apps (Medical, Fitness)}, Digital Health System (EHR, e-prescribing System)]. Finally, the market is segmented into region wise which includes North America, Europe, and Asia Pacific, Middle East & Africa and Latin America and their respective countries.
Years considered for this report:
• Historical Years: 2015 – 2018
• Base Year: 2019
• Forecast Period: 2020 – 2027

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Research Methodology
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding of the market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants.

Primary research involves telephonic interviews, e-mail interactions and face-to-face interviews for detailed and unbiased reviews on the air purifier market across geographies. Primary interviews are usually conducted on an on-going basis with industry experts and participants in order to get the latest market insights and validate the existing data and analysis. Primary interviews offer information on important factors such as market trends, market size, competitive landscape, growth trends, and outlook. These factors help to validate and strengthen secondary research findings and also help to develop the analysis team’s expertise and market understanding.
Competitive Market Players:
The Digital Health Market is dominated by the presence of a few key players operating globally, which includesAllscripts Inc.; eClinicalWorks LLC, Cisco Systems, Inc., McKesson Corporation; Qualcomm, and Philips Healthcare. There is presence of other small and medium industry participants striving to gain market share.
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About the Publishing Company

Masterfox Consulting Group (MCG) is the state-of-the-art management consulting firm which provides specialist services for research, proprietary solutions, data management and analytics to companies in every industry. MCG offers global and country specific market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. We help clients to make well-versed business decisions. We provide market intelligence studies which ensuring the fact-based research across a range of industries which includes energy, chemicals, materials, healthcare, automotive, agriculture and technology.
We serve clients on every aspect of strategy which includes new market exploring, product development, technological development, application modeling, financial modeling and tapping into niche growth opportunities through our independent fact-based insight which ensures their business success in present and future period.

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Categories Business , Health
Tags digital health , digital health market , digital health market analysis , digital health market forecast , digital health market insights , digital health market share , digital health market size , digital health market trends
Last Updated February 1, 2020