Increasing health expenditure by government of various countries and rapid adoption of digitalization in health services are key factors driving global digital health market revenue growth. Governments of various countries have increased their public health expenditure post COVID. Developing countries, such as India, have increased their healthcare expenditure by 2.1% of their GDP. Similarly, in the UK current healthcare expenditure grew by 7.1% in 2021. In addition, central and state budgets have increased their priority in healthcare, which impacts citizens against financial hardships due to Out-Of-pocket expenditures made for healthcare.
Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered. In a word, the report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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The key companies studied in the report are:
Allscripts Healthcare, LLC, Cisco Systems, Inc., McKesson Corporation, Koninklijke Philips N.V., Cerner Corporation (Oracle Corporation), NXGN Management, LLC., Epic Systems Corporation., SoftServe, AirStrip Technologies, Inc., and Healthcare Information, and Management Systems Society, Inc.
The research provides answers to the following key questions:
- What will be the growth rate of the Digital Health market for the forecast period, 2017 to 2027? What will be the market size and the share occupied by the prominent vendors by the estimated period?
- What are challenges and threats faced by the prominent vendors operating in the Digital Health market?
- Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
- What are the past, present and emerging trends likely to influence the growth rate of the Digital Health market for the forecast period, 2017 to 2027?
- What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
Emergen Research has segmented the global digital health market based on technology, component, end user, and region:
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Technology Outlook (Revenue, USD Billion, 2019–2030)
- Tele-healthcare
- Wearables
- BP monitor
- Glucose monitor
- Pulse monitor
- Others
- Applications
- Medical apps
- Fitness apps
- Health analytics
- Digital health systems
- Others
-
Component Outlook (Revenue, USD Billion, 2019–2030)
- Hardware
- Software
- Services
-
End User Outlook (Revenue, USD Billion, 2019–2030)
- Healthcare providers
- Healthcare consumers
- Others
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
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