Global Digital Health Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

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.

Global Digital Health Market Size And Drivers:

The global digital health market is expected to grow from $183.30 billion in 2020 to $201.24 billion in 2021 at a compound annual growth rate (CAGR) of 9.79%. The slow growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $483.75 billion in 2025 at a CAGR of 24.52%. The favorable government initiatives in response to COVID-19 are expected to propel the growth of the digital health market in the coming years.

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Trends In The Global Digital Health Market

Major companies operating in the digital health sector are focusing on developing technologically advanced solutions for digital health. For instance, in March 2018, Allscripts released Avenel, a mobile-first, cloud-based electronic health record (EHR) that employs machine learning to minimize the time in medical documentation and boost EHR usability for providers. Avenel was developed on Microsoft Azure and incorporates clinical care trends to offer providers more efficient clinical reporting and medical decision-making.

Global Digital Health Market Segments:
The global digital health market is further 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 global digital health market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Digital Health Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides digital health market overviews, analyzes and forecasts market size and growth for the global digital health market, digital health market share, digital health market players, digital health market segments and geographies, digital health market’s 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.