Global Digital Health Market

The global digital health market size is projected to reach USD 141,500 Million by 2027 from USD 166,500 Million in 2021, at a CAGR of 15.1% during the forecast period(2020 - 2027).

Global Digital Health Market

 

Global Digital Health Market Insights

The global digital health market size is projected to reach USD 141,500 Million by 2027 from USD 166,500 Million in 2021, at a CAGR of 15.1% during the forecast period(2020 - 2027).


The integration of information systems and healthcare procedures to improve patient experience, disease management, and quality of life is known as digital health.  By combining information, increased connection, and technology, digital health aims to improve patient care and health. 

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As telemedicine services are becoming more extensively used during pandemics, it improves the safety of both healthcare practitioners and patients by removing the need for in-person appointments.

Global Digital Health Market Segmental Analysis

The global digital health market is segmented based on Technology, Deployment Mode, Modality, End User.Based on Technology it is categorized into: Mobile Health Technology, Health Information Technology, Wearables Technology, Telehealth Technology. Based on Deployment Mode it is categorized into:Software, Service, and Hardware. Based on Modality it is categorized into:Wired and Wireless. Based on End User it is categorized into:Clinics, Hospitals, Ambulatory Surgery Centres, Home Care Settings. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.

Top Players Company Profiles in this Digital Health Market

  • Pillo (US)
  • Ginger.io (US)
  • Cylance (US)
  • Johnson & Johnson (US)
  • General Vision (US)
  • Recursion Pharmaceuticals (US)
  • Babylon Health (UK)
  • MDLIVE (Evernorth Group) (US)
  • Gauss Surgical (US)
  • Medtronic (US)

 

Recent Developments

  • In February 2021, Philips has completed the acquisition of BioTelemetry, Inc., a major provider of remote cardiac diagnosis and monitoring in the United States. Phillips expects this acquisition approach to assist them to extend their business portfolio and consumer base in the market.
  • In March 2020, LifedMedID and Elo Self-Service Solutions have partnered with AT&T. The goal of the collaboration was to make patient registration and check-in easier. This strategic partnership expands AT&T's edge-to-edge digital healthcare solutions to improve patient outcomes, bolstering the company's market position.
  • In February 2020, Emory Healthcare partnered with Verizon (US). Emory Healthcare is improving augmented reality and virtual reality (AR/VR) applications for medical training, telemedicine, and remote monitoring, as well as diagnostic and imaging systems from ambulances to emergency rooms, with Verizon's 5G Ultra-Wideband.

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Methodology

For global digital health market our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:


  1. Information Procurement: This stage involved the procurement of market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, paid databases such as Hoover’s, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders etc. Overall, the information procurement was one of the most extensive stages in our research process.

  2. Information Analysis: This step involved triangulation of data through bottom up and top-down approach to estimate and validate the total size and future estimate of the global Digital Health market.

  3. Report Formulation: The final step entailed the placement of data points at appropriate market spaces in an attempt to deduce viable conclusions.

  4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data-points to be used for final calculations. The final market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.