Market Highlights:

Digitization has facilitated a large-scale transformation within the healthcare industry, helping in efficiently and accurately streamline and manage all the operations. Digital healthcare as a whole help manage feedback procedures, post-recovery care, coupled with preventive care. With technical advancements in artificial intelligence, digital healthcare has emerged as the perfect tool for fast and easy automation of a number of healthcare-based operations and procedures.

According to MRFR forecasts, the digital healthcare market Share will grow at a 26.30 percent CAGR and generate USD 3,28,887.8 million in revenue by during the forecast period.

Surge in internet connectivity along with the escalating use of smartphones as well as mobile platforms worldwide accelerates the adoption of digital healthcare. Rising smartphone ownership has elevated the number of people opting for online healthcare services, broadening the applications of digital healthcare.

The digital healthcare market also stands to benefit from the surge in big data within the healthcare industry, escalating adoption of EHR and EMR systems, and the mounting number of government mandates. In numerous countries worldwide, specialists as well as physicians are based in urban areas, which leaves the patients living in rural locations with no access to on-time medical services. The issue is addressed by telecloud, which lets the healthcare professionals to offer fast and effective treatment to patients regardless of the distance, and that too at an affordable rate.

Segment Analysis:

Digital Healthcare Market, By Technology

• Digital Health Systems
• EHR/EMR
• e-Prescribing Systems
• Telehealthcare
• Activity Monitoring
• Remote Medication Management
• LTC Monitoring
• Video Consultation
• mHealth
• Wearables
• Glucose Meters
  Neurological Monitors
• Sleep Apnea Monitors
• Pulse Oximeters
• BP Monitors
• Others
• mHealth Apps
• Fitness Apps
• Medical Apps
• Healthcare Analytics

Digital Healthcare Market, By Application

• Cardiology
• Diabetes
• Neurology
• Sleep Apnea
• Oncology
• Others

Digital Healthcare Market, By Delivery Mode

• On-Premise
• Cloud-Based

Digital Healthcare Market, By Component

• Software
• Services
• Hardware

Digital Healthcare Market, By End User

• Healthcare Providers
• Healthcare Payers
• Pharmaceutical Companies
• Others

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Regional Analysis:

The Global Digital Healthcare Market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

The Americas is likely to hold the largest share of the global digital healthcare market during the assessment period. The high adoption rate of electronic health records (EHRs) and electronic medical records (EMRs), supportive government initiatives and rise in healthcare funding, and rising pressure to improve the quality of care and reduced healthcare costs likely drive the market growth in the American region.

The Europe market established substantial growth in the market due to the presence of major players such as Allscripts Healthcare, LLC (US), BioTelemetry, Inc. (US), Cerner Corporation (US), Cisco Systems, Inc (US), Koninklijke Philips NV (The Netherlands) and others.

Asia-Pacific is estimated to be the fastest-growing region in the global market due to the presence of rapidly developing economies such as China, India, and South Korea and a rise in research & development centers.

The digital healthcare market in the Middle East & Africa is expected to witness gradual growth owing to increasing government support toward the healthcare IT industry in the Middle East, and rapid technological advancements.

Key Players:

MRFR recognizes the following companies as the Key Players in the Global Digital Healthcare Market Allscripts Healthcare, LLC (US), BioTelemetry, Inc. (US), Cerner Corporation (US), Cisco Systems, Inc (US), Koninklijke Philips NV (The Netherlands), McKesson Corporation (US), General Electric Company (US), AT&T Inc.(US), Athenahealth Inc. (US), EClinicalWorks (US), iHealth Lab Inc. (US), Qualcomm Technologies, Inc.(US).

Key Findings of the Study

• The Global Digital Healthcare Market is estimated to grow at USD 3,28,887.8 Millionat a CAGR of 26.30% during the assessment period.
• The Americas accounted for the largest share of the global digital healthcare market due to the high adoption rate of EHRs and EMRs
• Based on technology, the digital health systems segment accounted for the largest market share of 44.4% in 2018
• Based on application, the cardiology segment accounted for the largest market share of 22.3% in 2018
• On the basis of delivery mode, the software segment accounted for the largest market share of 58.9% in 2018
• On the basis of end user, the healthcare providers segment accounted for the largest market share of 40.2% in 2018
  
  

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