Digital Health Market 2019-2027 | Global Industry Outlook, Research, Trends, Parameters and Forecast to 2027

Daily Herald (Arlington Heights, IL), February 2, 2020 | Go to article overview

Digital Health Market 2019-2027 | Global Industry Outlook, Research, Trends, Parameters and Forecast to 2027


Byline: Olivia Smith

Digital Health primarily consists of technology such as Tele-healthcare, Telehealth, mHealth, Apps, Digital Health System used for activity monitoring, remote medication manegment, LTC monitoring, video consultation, BP monitors, glucose meter, pulse oximeter sleep apnea monitors, neurological monitors, medical fitness, HER and e-prescribing system. Tele-healthcare technologies are most widely used across the healthcare facilities around the globe. However, the demand for mHealth technologies are gaining popularity but are expected to continue lag behind tele-healthcare in terms of market growth.

Marker Overview:

* Global Digital Health Market is projected to expand with a CAGR of 26.4% during the forecast timeline, 2019 to 2027.

* The Digital Health market valued over USD 90billion in 2019 and is poisedto expand with a CAGR of over 26.4% during the forecast period and will pose to attract increasing investments.

* Digital Health market revenue is largely generated from sales of digital health technologies used worldwide for electronic health records and e-prescribing system. In 2018, a large majority of market value was generated from digital health system technology, accounting more than 30% of market share, owing to their multipurpose role, value proposition and cost effectiveness.

* mHealth technologies in digital health market accounted for more than 25% of market share in year 2018, and is poised to expand with a CAGR of over 38% during the forecast period.

* North America Digital Health market accounted for largest market share in 2018 owing U.S Digital Health market which dominates the regional market with more than 80% market share. Advance healthcare infrastructure aided with integration IT at various levels of healthcare management and high healthcare sector spending are main reasons behind U.S Digital Health market growth.

* Asia Pacific Digital Health market is poised to expand with exponential growth rate owing to developing healthcare sectors and inclusion of IT in healthcare practices in countries such as India and China.

* JapanDigital Health market will value over USD 26 billion by the end of 2027. High healthcare spending, rising adoption of mHealth and telehealth technology will augment market growth.

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Research Scope:

The Digital Health Market is segmented into;Technology [Tele-healthcare {Telecare (Activity Monitoring, Remote Medication Management), Telehealth (LTC Monitoring, Video Consultation)}, mHealth {Wearables (BP Monitors, Glucose Meter, Pulse Oximeter, Sleep Apnea Monitors, Neurological Monitors), Apps (Medical, Fitness)}, Digital Health System (EHR, e-prescribing System)]. Finally, the market is segmented into region wise which includes North America, Europe, and Asia Pacific, Middle East & Africa and Latin America and their respective countries.

Years considered for this report:

   *	 Historical Years: 2015  2018
   *	   Base Year: 2019
   *	 Forecast Period: 2020  2027
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