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Digital Health Market 2020 growth factors, latest trend and regional analysis of leading players by 2026

Author : Ronak Bora | Published Date : 2020-09-02 

Digital Health Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

The global digital health market is projected to observe significant growth over the coming years as healthcare systems across the world are fighting the outbreak of coronavirus. In order to tackle COVID-19 and the pressure it is putting on the healthcare infrastructure, digital health is likely to play a crucial role. Especially, allows the efficient storage and transfer of patient data, which helps in better patient treatment. Taking April 2020 for instance, Philips launched an online portal in the Netherlands in collaboration with Netherlands’ Jeroen Bosch Hospital, Erasmus Medical Center, and the Netherlands Ministry of Health, Welfare, and Sport. This platform would allow Dutch hospitals to easily share coronavirus infected patient data with each other to effectively help optimize the use of the country’s healthcare resources.

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Healthcare systems are currently under immense pressure, and as a result healthcare services provided through video consultations is expected to bring forth a significant shift in consumer preferences and positively impel the market outlook over the coming years. Video consultations can fulfil a major role in restricting the spread of COVID-19 infection.

Consequently, this has motivated many governments to modify the regulatory policies that govern their digital health services. Citing an instance, the governments of Australia and the U.S. have authorized the reimbursement of healthcare-related services provided through video consultations. This reimbursement move is likely to bolster the outlook towards digital health and the drive market share through 2026.

According to a research report by GMI Inc., the global digital health market is likely to surpass a valuation of $693.4 billion by the end of 2026.

In terms of technology, the overall market landscape is classified into digital health systems, healthcare analytics, telehealthcare, and mHealth. Among these, the telehealthcare technology segment is projected to grow at an impressive CAGR of more than 26.2% over the forecast time period. High growth of the segment is ascribed to the growing use of video consultations and telehealth services. Furthermore, numerous players are focusing on expanding their respective telemedicine platform capabilities to serve a larger segment of their consumer base, thereby stimulating segmental growth.

With respect to component, the market is categorized into services, software, and hardware. Among these hardware component segment accounted for more than 30% of the market share in 2019 and is slated to show substantial growth over the projected time period. Growing demand for digital health devices

APAC digital health market is projected to reach a valuation of approximately $105.7 billion by the end of the analysis period. The regional market is anticipated to establish itself as the most rapidly growing region over the projected timeframe.

The regional growth can further be ascribed to the growth of the telecommunications infrastructure across developing nations like China and India. Moreover, increasing venture capital investments and rising smartphone user demographic will also be encouraging the market growth.

The competitive landscape of the global digital health market is inclusive of players such as eClinicalWorks, Philips Healthcare, Qualcomm, Cisco Systems, Allscripts Healthcare Solutions, and McKesson Corporation among others. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/digital-health-market

Partial Chapter of the Table of Content 

Chapter 4. Digital Health Market, By Technology

4.1. Key segment trends

4.2. Telehealthcare

4.2.1.  Market size, by region, 2015 - 2026(USD Million)

4.2.2.  Telecare

4.2.2.1. Market size, by region, 2015 - 2026(USD Million)

4.2.2.2. Activity monitoring

4.2.2.2.1. Market size, by region, 2015 - 2026(USD Million)

4.2.2.3. Remote medication management

4.2.2.3.1. Market size, by region, 2015 - 2026(USD Million)

4.2.3.  Telehealth

4.2.3.1. Market size, by region, 2015 - 2026(USD Million)

4.2.3.2. LTC monitoring

4.2.3.2.1. Market size, by region, 2015 - 2026(USD Million)

4.2.3.3. Video consultation

4.2.3.3.1. Market size, by region, 2015 - 2026(USD Million)

4.3. mHealth

4.3.1.  Market size, by region, 2015 - 2026(USD Million)

4.3.2.  Wearables

4.3.2.1. Market size, by region, 2015 - 2026(USD Million)

4.3.2.2. BP monitor

4.3.2.2.1. Market size, by region, 2015 - 2026(USD Million)

4.3.2.3. Glucose monitor

4.3.2.3.1. Market size, by region, 2015 - 2026(USD Million)

4.3.2.4. Pulse monitor

4.3.2.4.1. Market size, by region, 2015 - 2026(USD Million)

4.3.2.5. Sleep apnea monitors

4.3.2.5.1. Market size, by region, 2015 - 2026(USD Million)

4.3.2.6. Neurological monitors

4.3.2.6.1. Market size, by region, 2015 - 2026(USD Million)

4.3.2.7. Others

4.3.2.7.1. Market size, by region, 2015 - 2026(USD Million)

4.3.3.  Apps

4.3.3.1. Market size, by region, 2015 - 2026(USD Million)

4.3.3.2. Medical apps

4.3.3.2.1. Market size, by region, 2015 - 2026(USD Million)

4.3.3.3. Fitness apps

4.3.3.3.1. Market size, by region, 2015 - 2026(USD Million)

4.4. Health analytics

4.4.1.  Market size, by region, 2015 - 2026(USD Million)

4.5. Digital health systems

4.5.1.  Market size, by region, 2015 - 2026(USD Million)

4.5.2.  Electronic health records (EHR)

4.5.2.1. Market size, by region, 2015 - 2026(USD Million)

4.5.3.  e-prescribing systems

4.5.3.1. Market size, by region, 2015 - 2026(USD Million)

Chapter 5. Digital Health Market, By Component

5.1. Key segment trends

5.2. Hardware

5.2.1. Market size, 2015-2026 (USD Million)

5.3. Software

5.3.1. Market size, 2015-2026 (USD Million)

5.4. Services

5.4.1. Market size, 2015-2026 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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