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Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Digital Health market. Market segmentation includes Technology ( mHealth, Digital Health Systems, Healthcare Analytics and Tele-Healthcare).

Find Out More About Regions, Brands, Dominant, Active & Niche Companies Covered in the Report

24 November 4:22 a.m., Silicon Valley, California - According to the new market research report, the global market for Digital Health is projected to grow at a CAGR of 18.8% reach US$508.8 billion by 2027, driven by increasing pressure to cut healthcare costs and rise in digital innovations as healthcare needs around the world escalate in the face of aging populations and proliferating diseases and chronic conditions. The Covid-19 pandemic and conditions thereon have resulted in the rapid adoption of various digital health technologies. Further, the usage of telemedicine and mHealth applications is on rise across the world. The ongoing pandemic is anticipated to have a positive impact on digital health services for both COVID-19 and non-COVID-19 patient care. Stringent measures on self-isolation and social distancing is strengthening the adoption of virtual working ways, both for interactions between patients and clinicians, and staff involved in management of internal operations. The recent months witnessed a massive shift of non-COVID-19 healthcare to digital platforms. From telemedicine to remote patient monitoring and management, new service delivery platforms have been developed at significant speed. The COVID-19 crisis is compelling government organizations and hospitals to swiftly adopt other models such as telemedicine as an alternative for delivering healthcare. As COVID-19 spreads across the globe, digital technology offers the potential to enhance surveillance and epidemic control, based on information coverage, fast case tracking and proximity tracing. Amid the growing need to curb the spread of the pandemic mobile applications gained importance to help support health authorities at national level to monitor and mitigate the spread of the pandemic, facilitate follow-up of patients offer guidance to citizens.

The migration of healthcare to digital platforms is expected to continue even after the abatement of the COVID-19 crisis. The healthcare industry will be influenced by innovative digital healthcare trends. Digital health uses communication technologies and information for various healthcare processes, including for research, early diagnosis of health conditions, and enhancing an individual's overall health and well-being. Further, it helps patients in making informed health decisions, leading to enhanced quality of overall life. Digital health tools also play a vital role in reducing symptoms linked with a disease or reducing the period of a disease, eventually lowering the bills and improving disease management and patient care. In addition, tracking diseases, reviewing public health, and finding new illnesses or identifying the severity of an existing one is possible using digital health tools. The market is driven by the transformation of patient data stored in the form of electronic forms saving time and space. Predictive analysis, healthcare analytics,3-D printing, tele-medicine, digital front door, AI chat bots are some areas of technological intervention in the field of medicine that are gaining prominence. Electronic health records (EHRs) or electronic medical records (EMRs) comprise data of patient prescription, drug intakes, and medical history enabling the physicians to commence accurate diagnosis and reduce waiting times. Internet of Medical Things or IoMT and Wearables comprises an important digital transformation trend in the healthcare industry. These IoT enabled connected health care devices hold the potential for driving significant amount of innovations within the health care ecosystem. IoMT systems and mobile devices is set to help expand the data sets available for analysis by AI software. Digital trends such as virtual reality (VR) and augmented reality (AR) are boosting the usage of technology in the healthcare space.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 4403. Among this pool, 793 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 132 unique participations, a total of 59 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
Cisco Systems, Inc.
AT&T, Inc.
General Electric Company
Qualcomm, Inc.
Koninklijke Philips NV
Cerner Corporation
McKesson Corporation
Athenahealth, Inc.
Epic Systems Corporation
Allscripts Healthcare Solutions, Inc.
eClinicalWorks LLC

Segments Covered in the Report -
Technology (mHealth, Digital Health Systems, Healthcare Analytics, Tele-Healthcare)
Component (Services, Hardware, Software)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Spain
Russia
Rest of Europe
Asia-Pacific
Rest of World.

View Executive Engagement Dashboards, COVID Impact Questionnaires & Get Complimentary Access to Methodology & Full-Text Secondary Sources

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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
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Email: sales@StrategyR.com