Digital Health Market to Grow at a CAGR of 17.9% by 2030: Technical Advancements and Growth Drivers

The digital health market refers to the use of digital technologies, such as mobile health apps, wearables, telemedicine, and electronic health records, to improve healthcare delivery and outcomes.

Digital health market size was valued at $145,884.3 million in 2020, and is projected to reach $767,718.9 million by 2030, registering a CAGR of 17.9% from 2021 to 2030.

Some of the key players involved in the Market are:

• Allscripts Healthcare Solution, Inc.
• Cerner Corporation
• Cisco systems
• eCLINICALWORKS
• General Electric company
• Koninklijke Philips N.V
• Honeywell International Inc.
• Mckesson Corporation
• Siemans Healthcare AG
• Qualcomm technologies, Inc.

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Digital health market can be segmented into several categories based on various criteria, including technology, application, end-user, and geography. Here are some of the commonly used segments in the digital health market:

1. Technology-based Segmentation:

• Telehealth and telemedicine
• mHealth (mobile health)
• Wearables and sensors
• Healthcare analytics
• Digital health systems and platforms
• EHR/EMR (electronic health records/electronic medical records)
• Medical imaging and diagnostic tools

1. Application-based Segmentation:

• Chronic disease management
• Remote patient monitoring
• Medical education and training
• Medication management
• Healthcare data analytics
• Healthcare communication and collaboration
• Fitness and wellness
• Clinical trials

1. End-user-based Segmentation:

• Providers (hospitals, clinics, and physician practices)
• Payers (health insurance companies)
• Patients and caregivers
• Employer groups
• Government organizations and NGOs
• Research and academic institutions

1. Geographical Segmentation:

• North America (U.S. and Canada)
• Europe (UK, Germany, France, Italy, Spain, and rest of Europe)
• Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific)
• Latin America (Brazil, Mexico, and rest of Latin America)
• Middle East and Africa (GCC countries, South Africa, and rest of Middle East and Africa)

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