The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s digital health market report forecasts the digital health market size to grow to $451.91 Billion by 2027, with a CAGR (compound annual growth rate) of more than 18%.

Learn More On The Digital Health Market Report 2023 – https://www.thebusinessresearchcompany.com/report/digital-health-global-market-report

Digital Health Market Size Forecast
The global digital health market is expected to grow from $195.57 billion in 2022 to $231.93 billion in 2023 at a compound annual growth rate (CAGR) of 18.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The digital health market size is expected to grow to $451.91 billion in 2027 at a CAGR of 18.1%.

North America held the largest digital health market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Digital Health Market Driver ­– Rise In Favorable Government Initiatives In Response To COVID-19
A survey of US specialists found that owing to COVID-19, almost 80% of them expanded their use of digital health resources. In Medicare, before the pandemic, nearly 13,000 fee-for-service (FFS) recipients accessed digital health coverage in one week. Moreover, by the end of April 2020, the use of telehealth rose by 130 times as nearly 1.7 million FFS recipients accessed such services in one week. Therefore, favorable government initiatives in response to COVID-19 drive the growth of the digital health market.

Request for A Sample Of The Global Digital Health Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3953&type=smp

Key Digital Health Market Trend – Developing Technologically Advanced Solutions
Major companies operating in the digital health sector are focusing on developing technologically advanced solutions for digital health. For instance, in March 2018, Allscripts released Avenel, a mobile-first, cloud-based electronic health record (EHR) that employs machine learning to minimize the time in medical documentation and boost EHR usability for providers. Avenel was developed on Microsoft Azure and incorporates clinical care trends to offer providers more efficient clinical reporting and medical decision-making.

Digital Health Market Segment
1) By Technology: Mobile Health (mhealth), Health Information Technology, Telehealth And Telemedicine, Health Analytics, Other Technologies
2) By Application: Cardiology, Diabetes, Neurology, Sleep Apnea, Oncology, Other Applications
3) By End User: Healthcare Providers, Healthcare Payers, Pharmaceutical Companies, Other End Users

Digital Health Market Major Players and Strategies
Major players in the digital health market are Allscripts Healthcare Solutions Inc., BioTelemetry Inc., eClinicalWorks, iHealth Lab Inc., McKesson Corporation, Koninklijke Philips N.V, AT & T, Cisco Systems, Athenahealth Inc., General Electric Company, Qualcomm Incorporated, Apple Inc., AirStrip Technologies, Google Inc., Mqure, Samsung Electronics Co. Ltd., Telefonica S.A., Vodafone Group, Philips Healthcare, and Siemens Healthineers.

In July 2021, Amwell, an American telemedicine company, acquired silverCloud Health and Conversa Health for $320 million. The acquisition will differentiate Amwell from other telehealth players for its unique offerings and helpit strengthen the cohesion between physical care and virtual care. SilverCloud Health is a Boston-based digital health company providing self guided mental health programs. Conversa Health is an American digital health company.

The Digital Health Global Market Report 2023 covers regional data on digital health market size, digital health market trends and drivers, opportunities, strategies, and digital health market competitor analysis. The countries covered in the digital health market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Digital health refers to the use of information technology/electronic communication tools, services, and procedures to provide healthcare services or to promote improved health care. Only goods and services traded between entities or sold to end consumers are included. The digital health provides digital health services for the smooth functioning of healthcare-related services.

View More Reports Related To The Digital Health Market –
Digital Health Monitoring Devices Global Market Report 2023
Digital Advertising Global Market Report 2023
Digital Pathology Global Market Report 2023

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: