Digital Health Market 2020 by industry trends, statistics, key companies growth and regional forecast

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.

A significant upsurge in chronic disease cases and a shortage of healthcare professionals would drive the digital health market size over the coming years. Additionally, uneven access to healthcare facilities, changes in national health like integrated care, digitization, and an increasing number of advanced medical technologies are further playing a crucial role in fostering industry expansion. With the rapid spread of the coronavirus, demand for digital health is projected increase significantly. With the rising adoption of smartphones and mobile apps among healthcare professionals, and physicians, it is expected that the technology would play a major role in the healthcare sector. It enables healthcare professionals to remotely monitor, diagnose, and provide services to the patients, allowing them to administer a better patient treatment.

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A substantial increase in the use of mobile apps and mobile devices by healthcare workers and physicians is projected to push the digital health market share over the coming years. The medical staff uses these devices to monitor the treatments of their respective patients. Digital health is defined as the implementation of communication and information technologies to monitor public health, administer treatment to patients, educate healthcare professionals, conduct research, and track diseases. As digitization of the healthcare sector keeps increasing, the global digital health industry is likely to grow in size over the coming years.

In terms of technology, the market is categorized into mHealth, health analytics, digital health systems, and telehealthcare. Among these, the mHealth segment is estimated to exceed a valuation of $374 billion by the end of the forthcoming timeframe. mHealth is usually referred to as mobile health. mHealth is the discipline of public health and medicine that is assisted using mobile devices such as personal digital assistants, tablets, wireless infrastructure, and mobile phones. The increasing use of mobile devices across the globe is laying down the groundwork needed to impel the overall digital health market size through the analysis period.

On the regional front, the digital health market is projected to expand tremendously across the Middle East and Africa over the coming years. In fact, the regional market is projected to reach a valuation of $16 billion by 2026. This growth is ascribed to the rising number of chronic disease patients in the region. In fact, according to Boehringer Ingelheim, chronic diseases such as asthma, occupational lung diseases, COPD, and respiratory allergies represent a major public health issue across MENA nations. Moreover, the use of digital health proves to be highly effective for the treatment of chronic diseases which should augment its demand across the region.

Major market players are using various business strategies like partnerships, investments, and acquisitions & mergers to set themselves apart from the competition. Citing an instance, in August 2019, Philips Healthcare announced that it finished the acquisition of Carestream Health’s HCIS’ (Healthcare Information Systems) throughout 26 of its 38 nations. The acquisition reinforces Phillips’ commitment to facilitate market-leading healthcare IT and medical imaging solutions.

The competitive landscape of the digital health industry is inclusive of players such as Cisco Systems, Cerner Corporation, AT & T, Koninklijke Philips, McKesson Corporation, iHealth Lab, Inc., eClinicalWorks, BioTelemetry, Allscripts Healthcare Solutions Inc, and AdvancedMD among others. 

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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)