About Digital Health-
Digital health describes the application of information and communication technology to the practice of medicine and other health-related fields in order to manage diseases, reduce health risks, and encourage wellness. Wearable technology, mobile health, telehealth, health information technology, and telemedicine are just a few examples of the wide range of applications of digital health. Through data access, digital tools are giving healthcare professionals a more comprehensive picture of patient health while also allowing patients greater control over their own health. Digital health presents real opportunities to increase productivity and improve medical outcomes.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented by the market's leading players, and market players are heavily focused on production technologies, efficiency enhancement, and service life. This market has significant growth potential, which can be realized by tracking ongoing process improvement and financial flexibility to invest in business strategies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Digital Health- market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cerner Corporation (United States), Allscripts (United States), Apple, Inc. (United States), Telefónica S.A. (Spain), Mckesson Corporation (United States), Epic Systems Corporation (United States), QSI Management, LLC (United States), AT&T (United States), Vodafone Group (United Kingdom) and AirStrip Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Google, Inc. (United States), Samsung Electronics Co., Ltd. (South Korea), HiMS (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Digital Health- market by Type (Monitoring Services, Diagnosis Services, Healthcare Systems Strengthening Services and Others) and Region.
On the basis of geography, the market of Digital Health- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Mobile Health Technology will boost the Digital Health- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Participants, the sub-segment i.e. Mobile Operators will boost the Digital Health- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software will boost the Digital Health- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Modality, the sub-segment i.e. Wired will boost the Digital Health- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Healthcare Providers will boost the Digital Health- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancement in Technology Platforms
Market Growth Drivers:
Rising Demand for Mobile Health Apps, Growing Demand for the Advance Health Service for End Users from All Governments and Advancement in Technology Platforms
Challenges:
Slowdown in Economy and Lack of Awareness in Under Developing Regions
Restraints:
Huge Investment Required and Lack of Professional Expertise
Opportunities:
Increasing Penetration of Digital Health in Emerging Economies
Market Leaders and their expansionary development strategies
On 1st June 2022, Oracle Corporation announced that it has received all necessary antitrust approvals for its proposed acquisition of Cerner, including European Commission approval. Cerner is a leading provider of digital information systems used in hospitals and health systems to help medical professionals provide better care to individuals and communities.
On 15th December 2020, Sensyne Health plc, the British Clinical AI technology company, announces that it has launched GDm-Health, its remote monitoring solution for diabetes in pregnancy, in the U.S. with immediate effect. Cognizant, Sensyne's sales and marketing partner in the United States, is now offering the solution to U.S. health systems and health plans through its sales force.
APACMed Digital Health (DH) Committee issued a position paper titled Digital Health Regulation in Asia-Pacific and Best Practices, in which they advocated for the creation and convergence of tailored, risk-based software regulatory frameworks across APAC countries. Highlighting DH regulatory activities in APAC's leading markets such as Australia, Japan, Singapore, Korea, and China, identifying best practices and gaps, and drawing comparisons to forward-thinking DH regulation from other countries such as the United States.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Digital Health Manufacturer, Digital Health Supplier & Distributor, Government Bodies, Research Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.