Digital Health Global Market Sees Growth Rate Of 25% Through 2022

16 Feb, 2022

The global digital health market size is expected to grow from $201.24 billion in 2021 to $252.47 billion in 2022 at a compound annual growth rate (CAGR) of 25.5%. The slow growth trend in the market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The digital health market is expected to reach $596.56 billion in 2026 at a CAGR of 24.0%.

What is the Global Digital Health Market?

The digital health market consists of sales of digital health services by entities (organizations, sole traders, and partnerships) that are engaged in providing digital health services for the smooth functioning of healthcare-related services. 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.

Get a Sample of the global digital health market report
https://www.thebusinessresearchcompany.com/sample.aspx?id=3953&&type=smp

What drives the Global Digital Health Market?

The favorable government initiatives in response to COVID-19 are expected to propel the growth of the digital health market in the coming years. Governments around the world have rapidly brought health policies and extra advantages on linked health tools, such as digital health and remote patient monitoring, 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.

Get the full global digital health industry report here:

https://www.thebusinessresearchcompany.com/report/digital-health-global-market-report

Global Digital Health Market Segments
The global digital health market is segmented:
By Technology: Mobile Health (mhealth), Health Information Technology, Telehealth and Telemedicine, Health Analytics, Others
By Application: Cardiology, Diabetes, Neurology, Sleep Apnea, Oncology, Others
By End User: Healthcare Providers, Healthcare Payers, Pharmaceutical Companies, Others
By Geography: The regions covered in the digital health market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Digital Health Global Market Report 2022provides market size and growth forecasts for the global digital health market, global digital health market share, digital health market segments and geographies, digital health market competitive landscape including leading competitors’ revenues, profiles and market shares. The digital health market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Digital Health Industry Playersinclude Allscripts Healthcare Solutions Inc., BioTelemetry Inc., eClinicalWorks, iHealth Lab Inc, McKesson Corporation, Koninklijke Philips N.V, AT & T, Cisco Systems, Athenahealth Inc. and General Electric Company. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.