Digital Health Market Key Manufacturers and Global Industry Analysis by 2030

The global digital health market was worth USD 145,884.3 million in 2020, and is anticipated to record a CAGR of 17.9% over the forecast duration 2022-2030, thereby accumulating USD 767,718.9 million by the end of the analysis timeline.

Digital health can be defined as the combination of electronic communication and information with several healthcare processes. Digital healthcare services contain medical wearables, telehealth, healthcare analytics, digital healthcare systems like EMR and EHR medical apps and many others.

Digital health Services aims to improve patient care, disease management and users’ overall healthcare experience. Digital health also assists healthcare providers to access health records, reduce the need for duplicate tests, make effective decisions and prepare diagnosis history. It helps in identifying new illnesses or the worsening of existing diseases while lowering the total cost of healthcare. Due to these benefits, Digital health finds both clinical and non-clinical applications across medical history.

By definition, digital health refers to the application of information and communication technology in the field of healthcare for the remote management of chronic conditions. Mobile health (mHealth), wearable technologies, telehealth and telemedicine, health information technology (IT), and personalised medicine are all part of the digital health market. It provides a range of services that give customers access to early disease detection and chronic disease management.

In order to provide patients with improved healthcare, digital health integrates cutting-edge technology that make use of digital, mobile, and cloud-based platforms. Health care practitioners can contact with patients thanks to digital health platforms like telemedicine and telecare. Digital health synchronises the right information for the healthcare provider at the proper time and location. In addition, digital health makes use of wearable technology, telehealth and telemedicine, mobile health (mHealth), health information technology (IT), and personalised medicine. To make the healthcare system more effective, a digital health platform brings together the various stakeholders, including patients, healthcare professionals, researchers, medical device industry companies, and mobile application developers (mHealth providers).

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Digital Health Market- Segmental Analysis

By Technology

• Telehealthcare
• Telecare
• Activity monitoring
• Remote medication management
• Telehealth
• LTC monitoring
• Video consultation

mHealth

• Wearables
• BP Monitor
• Glucose meter
• Pulse oximeter
• Sleep apnea monitors
• Neurological monitors
• Others

Apps

• Medical apps
• Fitness apps
• Health analytics
• Digital health systems
• Electronic health records
• E-prescribing systems

The mHealth segment is poised to register notable gain over the forecast period ascribing to escalating demand for remote monitoring services, rising smartphone penetration, and surging prevalence of hypertension.

By Component

• Hardware
• Software
• Service

The software segment is slated to capture a significant revenue share over 2022-2030 due to advancements in healthcare IT, high demand for medical cost reduction, and rising needs for organized data and workflow in the healthcare sector.

Top Key Players:-

• Cerner Corporation
• Cisco systems
• eCLINICALWORKS
• General Electric company
• Koninklijke Philips N.V
• Honeywell International Inc.
• Mckesson Corporation
• Siemans Healthcare AG
• Qualcomm technologies, Inc.
• Koninklijke Philips N.V.
• 3DHISTECH
• Apollo Enterprise Imaging
• Konfoong Biotech International Co., Ltd
• XIFIN, Inc
• Akoya Biosciences
• Corista
• Indica Labs
• Kanteron Systems
• AirStrip Technologies
• Google, Inc.
• Samsung Electronics Co., Ltd.

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