The global Digital Healthcare market is anticipated to grow at a significant CAGR of 16.6 % during the forecast period. Digital Health, including healthcare informatics, has a profound impact on the quality of care and efficiency of healthcare delivery. The improving quality, accessibility, and affordability of healthcare via digital are positively impacting the digital health market over the forecast. Furthermore, the advancement of digital health & taking steps towards digital health is another major factor propelling the growth of the market. For instance, in September 2020, the U.S. Food and Drug Administration announced the launching of the Digital Health Center of Excellence within the Center for Devices and Radiological Health (CDRH). The launch of the Digital Health Center of Excellence is an important step in furthering the agency’s overarching dedication to the advancement of digital health technology, including mobile health devices, Software as a Medical Device (SaMD), wearables when used as a medical device, and technologies used to study medical products.
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The COVID-19 pandemic had created an unprecedented disruption to global economies and health care, with extensive lockdowns and travel bans. Digital health can improve health care by increasing access to healthcare services for individuals, improving population health, and enhancing the experience of receiving or delivering care. The COVID-19 pandemic has encouraged interest from both patients and healthcare providers for digital health solutions to avoid the spreading of the virus. COVID-19 has now forced organizations and systems to rapidly synergize, scale-up, and expand the applications of these digital innovations, which had supported the growth of the market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Digital Health Market by Technology
- Telehealthcare
- mHealth
- Apps
- Health Analytics
Global Digital Health Market by Component
- Hardware
- Software
- Services
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AdvancedMD Inc.
- AirStrip Technologies, Inc.
- Athenahealth Inc.
- eClinical Works
- General Electric Company
- Honeywell International Inc.
- iHealth Lab Inc.
- Google Inc.
- IBM Corp.
- Koninklijke Philips N.V.
- Mckesson Corp.
- Qualcomm Technologies, Inc.
- Seimens Healthnieers AG
- Vocera Communications
- Vodafone Group
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Digital Healthcare market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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