Digital Health Market Segmented By Technology (Health Information Technology, Mobile Health Technology, Telehealth Technology, Wearables Technology), By Component (Hardware, Software, and Service), By Region (North America, Europe, Asia Pacific, Middle East and Africa, and Rest of the world) – Key Insights and Impact of COVID-19 on the Global Market Growth 2021-2026
Digital Health Market Growth Analysis Introduction:
Digital Health Market size is projected to reach USD 313 Billion by the end of 2026, with growth at a CAGR of 19.5% during the forecast period 2021-2026. North America digital health market reported the biggest market share of 38.8% in the year 2021 and will enlarge extra at a stable CAGR during the forecast period. Increasing healthcare expenses, developments in coverage networks, rising usage of smartphones, and an increase in demand for telehealthcare facilities are driving the digital health market growth in North America region. Asia Pacific digital health market is projected to be the speedy-growing regional market during the forecast period. An increase in mobile phone penetration, a rise in acceptance of smart wearable devices, and an increase in demand for EHRs and EMRs are conducive to the growth of the Asia Pacific digital health market.
Furthermore, countries, such as Japan and Malaysia, have before now recognized a national warehouse that allows data distribution between public hospitals. Moreover, the increase in demand for remote patient monitoring and connected services due to growing government expenditure on healthcare is predicted to drive the digital health market growth.
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Digital Health Market Drivers:
Increasing cases of large occurrence of chronic diseases as diabetes, Cardiovascular Disorders (CVDs), obesity, the mounting necessity for remote patient monitoring services, and upward patient meeting and connectivity due to higher acceptance of online health expertise are the main aspects encouraging the growth of the digital health market.
Furthermore, a rising trend of protective healthcare coupled with increasing funding for numerous mHealth start-ups is additionally driving the digital health market growth. Growth in the number of patients suffering from situations needing Long-term Care (LTC) with cancer, Alzheimer’s disease, diabetes, and CVDs is also pouring the digital health market growth.
The increasing adoption of telehealth services over the pandemic is growing the protection of both patients and healthcare providers, as it removes in-person schedules and additional rises the provider capacity.
Digital Health Market Segmentation Analysis:
Digital Health Market is segmented By Technology, and by Component. Based on Technology, the market is divided into Health Information Technology, Mobile Health Technology, Telehealth Technology, Wearables Technology. Depending on the Component segment, the market is sub-divided into Hardware, Software, and Service.
Geographically the global Digital Health Market classified into North America into the USA, Canada. By Latin America into Brazil, Argentina, Mexico. By Europe into UK, Germany, Spain, France, London, Italy, and rest of the European countries. The Middle East and Africa into KSA, UAE, Qatar, & South Africa. The Asia Pacific into India, China, Japan, Malaysia, Singapore, Australia, and the Rest of the APAC countries
Prominent Key Companies Covered in the Global Digital Health Market Report:
Cerner Corporation, Apple, Inc., Allscripts, Mckesson Corporation, Telefónica S.A, QSI Management, LLC, Epic Systems Corporation, AT&T, AirStrip Technologies, and Vodafone Group.
Based on Technology:
- Health Information Technology
- Mobile Health Technology
- Telehealth Technology
- Wearables Technology
Based on Component:
Based on Geography:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
- Rest of the World
- Cerner Corporation
- Apple, Inc.
- Mckesson Corporation
- Telefónica S.A
- QSI Management, LLC
- Epic Systems Corporation
- AirStrip Technologies
- Vodafone Group
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