Digital Health Market Growth Opportunities, Statistics, Segment, Trends, Size,

1. The digital health market is projected to grow at a CAGR of 16.5%, with estimated market size of USD 194.1 billion in 2021 and USD 485.3 billion by 2028. Rapid digitalization adoption in health services significantly drives market revenue. Big data analysis, the Internet of Things (IoT), artificial intelligence (AI), increased health spending by governments globally, the quick acceptance of digitalization in health services, and a surge in new startups are all factors influencing the market's revenue growth. Furthermore, digital health technologies, which drive the market's revenue growth, can also be used by patients and consumers to manage and monitor their wellness- and health-related routines. However, the market's capacity to expand in revenue is constrained by issues including data breaches of electronic health records (EHR), a slow acceptance of digitalization, and insufficient internet access in developing countries. Get Sample Copy of the Report @ https://marketsnresearch.com/sample/1558 Digital Health Market Dynamics Drivers: Technological advancements in healthcare Rapid advancements in healthcare IT, such as cloud-based storage systems, as well as the widespread use of laptops, smartphones, and tablets by hospitals and healthcare professionals, are the main reasons propelling the expansion of the digital health sector. Electronic health records (EHR), remote monitoring sensors, and wearable technology have all been made more widely available by rising healthcare IT innovations and regulations that support them. This has fueled the market's expansion. Restraints: High cost of devices & data breach concerns Innovation, technologically advanced equipment, and high capital costs will restrain market expansion. In the upcoming years, growing data security issues such as cyberattacks and illegal access to information technology (IT) systems may restrain the expansion of the digital health industry. Furthermore, significant impediments to the market share of digital health may exist due to the general unwillingness of the populace in emerging countries to use healthcare technology. Opportunities: Initiatives by government organizations and an increase in venture capitalist investment in startups Government organizations and healthcare community initiatives will boost the market to raise awareness of digital health use and make it easier for the government to adopt various healthcare IT solutions. The market will develop even more if venture money and funds from healthcare providers are raised for startups that offer these services. Services component is estimated to be the largest growing market category during the forecast period The growth is attributed to the demand for various services, including installation, training, personnel, maintenance, and other similar services. Market participants offer these services either singly or as part of bundles. The demand for more sophisticated software platforms and solutions, such as electronic medical records, as well as the rising cost of the upgrades and training needed to use these software solutions, is boosting the services market. Digital health

2. services are provided by large corporations like Amazon.com, Inc., Infosys Limited, and others. For instance, in 2019, Amazon Care was launched as part of Amazon.com, Inc.'s nationwide expansion of its in-person healthcare model and commitment to offering clients the highest quality patient-centered healthcare. This is because many businesses are looking for cost-effective, all-encompassing, and high-quality healthcare solutions. Customization Request @ https://marketsnresearch.com/customization-request/1558 Telehealthcare technology is estimated to be the largest growing market category during the forecast period Revenue from the telehealthcare category is anticipated to make up the largest portion during the forecasted period. Telemedicine has significantly improved the quality of care in undeveloped areas by using tablets and smartphones to diagnose and treat patients remotely. The ability to diagnose patients in their homes is another benefit of telemedicine for specialized practitioners. During the pandemic, telemedicine usage rose from 21% of survey respondents to 44%, indicating that consumers favored online healthcare. Globally, various telemedicine services provide healthcare management and delivery, illness screening, and other services, including store-and-forward, real-time and remote, or self-monitoring. North American segment is estimated to be the largest growing market during the forecast period North America is estimated to be the largest digital health market and is projected to grow at the highest CAGR during the forecast period due to several factors, such as the rising demand for telehealth services in the digital health market, the increased adoption of the internet and compatible devices throughout the region, and the rising demand from the rural healthcare industry as telehealth services offer remote patient monitoring (RPM), store and forward transmission of medical information, and mobile health communication. Additionally, healthcare organizations' quick adoption of EHR, increased government initiatives and support, and rising private sector expenditures in developing digital health solutions in the region are propelling market revenue growth. Statistics show that as of 2019, 96% of non-federal acute care hospitals and about 72% of doctors who practice in offices had certified EHRs. According to statistics, as of 2019, 72% of doctors who practice in offices and 96% of non-federal acute care hospitals had certified EHRs. Healthcare organizations were given financial incentives to embrace health information technologies under the Health Information Technology for Economic and Clinical Health (HITECH) Act. Major corporations are also investing in sophisticated health wearables, mobile applications, and technologies using cutting-edge technologies like big data and cognitive IoT, including Apple Inc., Google LLC, International Business Machines Corporation, Samsung Electronics Co., Ltd., HealthTap, Inc., and numerous other startups. Read Comprehensive Overview of Report @ https://marketsnresearch.com/report/1558/global-digital-health-market Key Market Players The digital health market is dominated by a few global players and comprises several

3. regional players. Some key manufacturers operating in the market are BioTelemetry Inc, eClinicalWorks, Allscripts Healthcare Solutions Inc, iHealth Lab Inc, AT & T, Honeywell International Inc, Athenahealth Inc., Cisco Systems, McKesson Corporation, Koninklijke Philips N.V., AdvancedMD Inc. and Cerner Corporation. About Us Markets N Research team is comprised of well skilled and equipped personnel ready to concur any upcoming challenges in the market sector for both individual people and organization around the world. We know time is money, and therefore we ensure we solve your problem within the shortest time possible to prevent delays or missing any opportunities. We use globally accepted techniques with a little innovation from our staff in solving all your market research related challenges. Contact: Markets N Research 1016 W Jackson Blvd, Chicago, IL 60607, United States Email - sales@marketsnresearch.com Tel: +1 773-649-1529