Digital Health Market (Size, Volume and Value) and Growth to 2027 Shared in Latest Anlysis

Digital Health, which entails the full-fledged implementation of electronic medical systems, is that the convergence of technology with medical, health, life, and organizational systems to enhance the efficiency of health healthcare delivery in the least levels to make healthcare more responsive and personalized to each patient. It aims at improving the standard of health services by applying new and innovative techniques and practices within the area of data and computing . this permits the utilization of computer software and hardware to make digital platforms that are wont to deliver healthcare services via the web .

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It also provides services that provide improved decision support systems, expanded access to complex knowledge from experts, easier and faster collection, storage, and retrieval of patient data, improved quality of diagnostic assay results, better utilization of clinical information, and improved communication between doctors and patients.

1. In September 2020, The U.S. Food and Drug Administration announced the launch of the Digital clinic of Excellence within the middle for Devices and Radiological Health (CDRH)

2. In December 2020, Sensyne Health plc British Clinical AI technology company announces that it’s launched GDm-Health, its remote monitoring solution for diabetes in pregnancy, in the U.S. with immediate effect.

The growing need for remote patient monitoring services and rising patient engagement & connectivity is contributing to the expansion of the digital health market. The high prevalence of chronic diseases like diabetes, Cardiovascular Disorders (CVDs), and diabetes is again supporting the expansion of the market. The growing adoption of digital health technology among the buyer thanks to the increasing penetration of smartphone is another key factor fostering the expansion of the digital health market. consistent with research data published in NCBI in 2018, 95.0% of the U.S. adult population use a mobile , with 64.0% of them owning smartphones. As per the report published by the GSM Association, Mobile Economy 2018, the amount of individuals connected to mobile services surpassed 5 billion in 2017 and therefore the number of unique mobile subscribers is anticipated to succeed in 5.9 billion by 2025.

North America is predicted to dominate the worldwide digital health market and this is often thanks to the very fact that the region is accounted for rapid advancement in technology and high demand for telehealthcare services within the region. consistent with the report published by Mckinsey in May 2020, the Covid-19 pandemic instigated a increase within the adoption and usage of telehealth within the U.S. Adoption of telehealth services by consumers has risen steeply within the country, from 11.0% in 2019 to 46.0% in 2020 to exchange the canceled healthcare visits.

Key Players

The key players operating in the global digital health market are Allscripts Health Solutions, Inc. McKesson Corporation, Cerner Corporation, Siemens Healthineers, GE Healthcare, Koninklijke Philips N.V., Qualcomm Inc., Proteus Digital Health, Inc.,Truven Health Analytics Athenahealth, Inc. and Cisco Systems.

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