Mental Health Apps Global Market Report 2023 – By Platform Type (iOS, Android, Other Platform Types), By Application Type (Depression and Anxiety management, Meditation Management, Stress Managemet, Wellness Management, Other Application Types) – Market Size, Trends, And Global Forecast 2023-2032

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. The digital health provides digital health services for the smooth functioning of healthcare-related services. The main types of digital technologies are mobile health (mHealth), health information technology, telehealth and telemedicine, and health analytics. Mobile health is the medicine and public health service supported by mobile devices such as mobile phones, tablets, personal digital assistants and the wireless infrastructure. Health analytics manage, measure or analyze healthcare data. Telehealth services provide information regarding health-related services, medical care, patient education and digital communication technologies. These are used by healthcare providers, healthcare payers, pharmaceutical companies in the areas of cardiology, diabetes, neurology, sleep apnea, and oncology. The global digital health market is segmented - 1) By Technology: Mobile Health (mhealth), Health Information Technology, Telehealth And Telemedicine, Health Analytics, Other Technologies 2) By Application: Cardiology, Diabetes, Neurology, Sleep Apnea, Oncology, Other Applications 3) By End User: Healthcare Providers, Healthcare Payers, Pharmaceutical Companies, Other End Users The global digital health market size grew from $195.57 billion in 2022 to $231.93 billion in 2023 at a compound annual growth rate (CAGR) of 18.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the digital health market is expected to grow to $451.91 billion in 2027 at a CAGR of 18.1%. 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. Major players in the digital health market are Allscripts Healthcare Solutions Inc., BioTelemetry Inc., eClinicalWorks, iHealth Lab Inc., McKesson Corporation, Koninklijke Philips N.V, AT & T, Cisco Systems, Athenahealth Inc., General Electric Company, Qualcomm Incorporated, Apple Inc., AirStrip Technologies, Google Inc., Mqure, Samsung Electronics Co. Ltd., Telefonica S.A., Vodafone Group, Philips Healthcare, and Siemens Healthineers. The data security concern associated with the potential mishandling of patient data is expected to hamper the growth of the digital health market in the coming years. The healthcare sector is digitizing business management and data management systems and is introducing new technologies to increase performance and minimize costs, but many weaknesses have been identified in this technology in several cases. The healthcare sector is regularly targeted by cyber-criminals who are searching for some tool in their armor to carry out their hacks, and several of these attacks have been successful. According to the Healthcare Protection Vision Study from CyberMDX released in February 2020, nearly 30% of healthcare delivery organizations (HDOs) have suffered a data breach in the last 12 months. Therefore, the security concerns regarding patient data restrain the growth of the 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. In July 2021, Amwell, an American telemedicine company, acquired silverCloud Health and Conversa Health for $320 million. The acquisition will differentiate Amwell from other telehealth players for its unique offerings and helpit strengthen the cohesion between physical care and virtual care. SilverCloud Health is a Boston-based digital health company providing self guided mental health programs. Conversa Health is an American digital health company. North America was the largest region in the digital health market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital health market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the digital health market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The mHealth apps market consists of sales of clinical and diagnostic apps, remote monitoring apps, productivity apps, reminder apps, text and video communication apps, prescription apps, and mental health apps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The digital health market research report is one of a series of new reports from The Business Research Company that provides digital health market statistics, including digital health industry global market size, regional shares, competitors with a digital health market share, detailed digital health market segments, market trends and opportunities, and any further data you may need to thrive in the digital health industry. This digital health market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Healthcare mobility solutions refer to the use of mobile devices to monitor or detect biological changes in the human body, with data collected and used for healthcare and health status improvement by device management bodies such as hospitals, clinics, or service providers. The main types of healthcare mobility solutions are mobile devices, mobile applications, enterprise mobility platforms, and other product types. Mobile devices refer to those that are used for mobile (portable) devices to improve patient care. It records, collects, analyses, and distributes patient data to healthcare experts so they can comprehend and make quick decisions. Mobile computing devices (personal digital assistants [PDAs], smartphones, and tablet computers) have had a significant impact on healthcare. The various types of applications are enterprise solutions, mHealth applications, and others that are adopted by end-users such as payers, providers, hospitals, laboratories, patients, and others. The global healthcare mobility solutions market is segmented - 1) By Product type: Mobile Devices, Mobile Applications, Enterprise mobility platforms, Other Product Types 2) By Applications: Enterprise Solutions, mHealth Applications, Other Applications 3) By End User: Payers, Providers, Hospitals, Laboratories, Patients, Other End-Users The global healthcare mobility solutions market size grew from $115.84 billion in 2022 to $145.73 billion in 2023 at a compound annual growth rate (CAGR) of 25.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the healthcare mobility solutions market is expected to grow to $360.03 billion in 2027 at a CAGR of 25.4%. The increasing digitalization and increasing use of smart devices in healthcare are expected to propel the growth of the healthcare mobility solutions market going forward. The healthcare sector began focusing on digital technologies that are improving access to health information as well as changing the hospital patient experience. Smartphone health apps, smartphone-connected devices, wearable and wireless devices, handheld imaging platforms, and tiny sensor-based technologies are all classified as mHealth technologies. Healthcare firms can effectively manage their personnel, handle all patient data, and maximize nursing activity with the help of healthcare mobility solutions. For instance, according to the National Center for Biotechnology Information, a US-based National Library of Medicine, in July 2020, the "Stopp Corona" app had been downloaded by around 870,000 people, which is far less popular than the German Corona app, which had been downloaded by 17 million people by mid-August 2020, which is approximately 20% of the German population. Therefore, the increasing digitalization and increasing use of smart devices in healthcare will drive the growth of the healthcare mobility solutions market. Major players in the healthcare mobility solutions market are Oracle Corporation, SAP SE, McKesson Corporation, Cerner Corporation, Zebra Technologies, Philips Healthcare, AT&T Inc., Cisco Systems Inc., Omron Corporation, Airstrip Technologies Inc., Hewlett-Packard Company, IBM Corporation, Wipro Limited, Microsoft Inc., Honeywell International Inc., Microsoft Inc., Qualcomm Inc., Verizon Communications Inc., General Electric Company, Express Scripts Holding Company, and Netsmart Technologies Inc. New product innovations have emerged as the key trend gaining popularity in the healthcare mobility solutions market. Major market players are concentrating their efforts on new product innovations to reinforce their position in the market. For instance, in June 2020, Fitbit Inc., a US-based consumer electronics company launched a new solution called Ready for work. This solution helps employers in dealing with the unique problem of returning to work during the COVID-19 pandemic. Fitbit's Ready for Work solution gives employees access to critical health data from their Fitbit device, as well as exposure, symptom, and temperature monitoring, all in an easy-to-use Daily Check-In tool that tells them whether or not to go to work. Employers can swiftly analyse and monitor workplace health and safety, as well as provide help to employees, due to daily reporting and analytics. Fitbit Health Solutions offers the solution, which seeks to assist people and businesses combat COVID-19 in the workplace and return to work safely, confidently, and in excellent health. In August 2020, Cisco, a US-based technology conglomerate corporation, acquired ThousandEyes Inc. for an undisclosed amount. Through this acquisition, ThousandEye's capabilities would be integrated throughout Cisco's core networking, cloud, security, and application portfolios to provide unrivaled visibility across the enterprise, internet, and cloud, from data centers to branch offices, from cloud-hosted apps to users and devices wherever. ThousandEyes Inc. is a US-based company that delivers visibility into digital experiences over the internet which includes healthcare solutions. North America was the largest region in the healthcare mobility solutions market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the healthcare mobility solutions market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the healthcare mobility solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The healthcare mobility solutions market consists of the sales of telemedicine, appointment reminders, remote data collection systems, and remote patient monitoring systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The healthcare mobility solutions Market Research Report is one of a series of new reports from The Business Research Company that provides healthcare mobility solutions market statistics, including healthcare mobility solutions industry global market size, regional shares, competitors with a healthcare mobility solutions market share, detailed healthcare mobility solutions market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare mobility solutions industry. This healthcare mobility solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Healthcare services are the medical services provided to the people who are in need by healthcare professionals, organizations and healthcare workers. These services are provided to patients, families and communities. The main types of healthcare services are medical and diagnostic laboratory services, dental services, home health care and residential nursing care services, residential substance abuse and mental health facilities, hospitals and outpatient care centres, physicians and other health practitioners, all other ambulatory health care services, and ambulance services. The hospitals and outpatient care centres are engaged in providing diagnostic and medical treatment to patients with a wide range of medical conditions. The different expenditure types include public and private which are used by male and female. The global healthcare services market is segmented - 1) By Type: Medical And Diagnostic Laboratory Services, Dental Services, Home Health Care And Residential Nursing Care Services, Residential Substance Abuse And Mental Health Facilities, Hospitals And Outpatient Care Centers, Physicians And Other Health Practitioners, All Other Ambulatory Health Care Services, Ambulance Services 2) By End User Gender: Male, Female 3) By Type of Expenditure: Public, Private Subsegments Covered: Medical Laboratory Services, Diagnostic Imaging Centers, General Dentistry, Oral Surgery, Orthodontics And Prosthodontics, Other Dental Services, Home Health Care Providers, Nursing Care Facilities, Orphanages & Group Homes, Retirement Communities, Residential Mental Health & Intellectual Disability Facilities, Substance Abuse Centers, Hospitals, Outpatient Care Centers, Specialist The global healthcare services market grew from $7,499.75 billion in 2022 to $7,975.87 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare services market is expected to grow to $9,816.85 billion in 2027 at a CAGR of 5.3%. Survival rates and quality of life have improved tremendously over the past decade. Medical and technological advances have played an important role in their progress. High technology diagnostics and therapeutic equipment integrating doctors’ practice patterns have improved healthcare services delivery. According to a report by TrendWatch, medical advances are responsible for a 70% improvement in survival rates for heart attack patients and a two-thirds reduction in mortality rates for those suffering from cancer. These factors contribute to the potential growth of the market. Major companies in the healthcare services market include UnitedHealth Group Incorporated, Kaiser Permanente, HCA Healthcare, Fresenius Medical Care AG & Co. KGaA, Tenet Healthcare, Mayo Clinic, Community Health Systems, Laboratory Corporation of America, Cleveland Clinic and Davita Inc. Many federal and state governments are either offering subsidized or free healthcare services to their citizens. Since most of the governments are offering quality healthcare services for free or subsidized rates, patients tend to opt for government healthcare services thereby, limiting the scope for private healthcare services providers. For example, the NHS (National Health Service) of the UK offers free healthcare services to all legal residents and visitors. Going forward, federal and state provisions are expected to be a major restraint on the healthcare services market. The shared medical appointments (SMA) model is being increasingly adopted globally to optimize resources and reduce costs. This is a model generally defined as multiple patients being seen as a group by a multi-disciplinary medical care team for follow-up or routine care. It is being adopted by hospitals to create awareness and counsel individual patients dealing with similar medical conditions. The SMA supplements the traditional physician-patient appointment. SMAs provide individual evaluation and disease management for each patient at the same time that they provide counseling to the patient within a group setting. SMAs are currently used to address diabetes, asthma, ulcerative colitis, MS, cancer, HIV, menopause, insomnia and stress. North America was the largest region in the healthcare services market in 2022. Western Europe was the second largest region in the healthcare services market. The regions covered in the healthcare services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the healthcare services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The healthcare services market includes revenues earned by entities by providing human healthcare services such as medical and diagnostic laboratory services, dental services, nursing care, residential substance abuse and mental health facilities and other healthcare services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. Doctors, Primary Care Doctors, Physical Therapists, Optometrists, Chiropractors, Podiatrists, Ground Ambulance Services, Air Ambulance Services, Water Ambulance Services The healthcare services market research report is one of a series of new reports from The Business Research Company that provides healthcare services market statistics, including healthcare services industry global market size, regional shares, competitors with a healthcare services market share, detailed healthcare services market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare services industry. This healthcare services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Healthcare and medical simulation allows medical professionals to practise tasks in realistic settings by means of tools and models prior to working in real-world scenarios and offers opportunities to increase patient safety, reduce healthcare costs, and improve learners’ competence and confidence. It is used to educate and train healthcare professionals. The main healthcare and medical simulation products and services include healthcare anatomical models, web-based simulation, healthcare simulation software, and simulation training services. Healthcare anatomical models are used to deliver a digital representation of some or all of the anatomy of the human body. The main healthcare and medical simulation technologies are high-fidelity simulators, medium-fidelity simulators, and low-fidelity simulators that are used by end-users such as academic institutes, hospitals, and military organizations. The global healthcareormedical simulation market is segmented - 1) By Product And Services: Healthcare Anatomical Models, Web-Based Simulation, Healthcare Simulation Software, Simulation Training Services 2) By End-User: Academic Institutes, Hospitals, Military Organizations 3) By Technology: High-Fidelity Simulators, Medium-Fidelity Simulators, Low-Fidelity Simulators The global healthcare/medical simulation market size will grow from $2.95 billion in 2022 to $3.41 billion in 2023 at a compound annual growth rate (CAGR) of 15.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the healthcare/medical simulation is expected to grow to $6.04 billion in 2027 at a CAGR of 15.4%. The demand for minimally invasive surgical procedures globally has contributed to the growth of the healthcare/medical simulation market. Minimally invasive surgery (MIS) involves small surgical incisions to gain access to the body and its organs, which results in less injury and damage to the patient. Medical simulation techniques are used to train the skills necessary for MIS, which allows professionals to perform surgical and interventional procedures without risk to real patients. For instance, in January 2022, Intuitive Surgical, a US-based company operating in minimally invasive care and the pioneer of robotic-assisted surgery, global da Vinci procedures, a robotic surgical method that uses minimally invasive surgical approach, increased by about 28% in the year 2021 as compared to its previous year. Additionally, in 2021, the company shipped 1,347 da Vinci Surgical Systems, a 44% increase from the 936 systems shipped in 2020. This increased demand is spurred by the low cost and better outcomes compared to traditional surgeries. Major players in the healthcare/medical simulation market are 3B Scientific, 3D Systems, CAE, Inc., 3DMed, Kyoto Kagaku Co., Ltd., Altay Scientific, Limbs & Things Ltd., Surgical Science, Intelligent Ultrasound Group PLC., Mentice AB, IngMar Medical, Simulab Corporation, Simulaids, Inc., VirtaMed AG, KaVo Dental GmbH, Simendo, Cardionics, Epona, HRV Simulation, Inovus Medical, Tellyes Scientific Co., Ltd., Symgery, Synaptive Medical, and VRMagic Holding AG. The development of advanced procedure simulators is a key trend in the healthcare and medical simulation market. For instance, in February 2021 Elsevier, a Netherland-based research publishing and information analytics company, partnered with SimX, a UK-based healthcare software company specializing in medical simulation, and announced the launch of the Simulation Learning System (SLS) for RN integrated with virtual reality technology for healthcare professionals, to offer nursing schools the ability to facilitate clinical simulations with an effective solution for nursing schools experiencing limitations with in-person labs and clinical rotations due to the COVID-19 restrictions to avoid disrupting learning continuity for students. Using this Simulation Learning System (SLS) with virtual reality the students are instantly immersed in a dynamic clinical environment and are surrounded by all the instruments and resources found in a regular healthcare setting to offer simulated clinical experiences that help students gain clinical judgement skills and enhance learning outcomes. In December 2020, Elsevier, a UK-based global leader in research publishing and information analytics, acquired Shadow Health for an undisclosed quantum. Through this acquisition, Elsevier will expand its portfolio of digital health results with Shadow Health’s digital clinical tests and allow learners to develop clinical and communication chops. This will further encourage nurses and healthcare professionals to amend patient issues. Shadow Health is a US-based digital clinical experience company. North America will be the largest region in the healthcare/medical simulation market in 2022. The regions covered in the healthcare/medical simulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the healthcare/medical simulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The healthcare and medical stimulation market includes revenues earned by entities by providing hardware and software that can be used in healthcare organization to make stronger decisions that reduce risk to patients, staff and financial investment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The healthcare/medical simulation market research report is one of a series of new reports from The Business Research Company that provides healthcare/medical simulation market statistics, including healthcare/medical simulation industry global market size, regional shares, competitors with a healthcare/medical simulation market share, detailed healthcare/medical simulation market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare/medical simulation industry. This healthcare/medical simulation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Electronic Data Interchange (EDI) is the software medium for the transaction of data among various healthcare providers and payers via computer systems. The organizer can process and track claims through the entire billing cycle via the EDI service. The healthcare EDI is used to manage the patient's medical history, medication data, and emergency services record, which are considered critical data in the healthcare sector. The main types of transactions in healthcare EDI are claim management, healthcare supply chain, and others. Claim management is the organization, billing, filing, updating, and procedure of healthcare claims connected to patient diagnoses, medication, and treatment. The different components include software, hardware, and services and include various delivery modes such as mobile, VAN, web & cloud-based, and point-to-point. These are used by healthcare providers, payers, pharmacies, and other end users. The global healthcare edi market is segmented - 1) By Component: Software, Hardware, Services 2) By Transaction: Claim Management, Healthcare Supply Chain, Other Transactions 3) By Mode of Delivery: Mobile, VAN, Web & Cloud-based, Point-to-point 4) By End User: Healthcare Provider, Payer, Pharmacies, Other End Users The global healthcare edi market size grew from $4.05 billion in 2022 to $4.49 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the healthcare edi market is expected to grow to $6.59 billion in 2027 at a CAGR of 10.1%. The increasing government support for healthcare is expected to propel the growth of the healthcare EDI market growing forward. Healthcare EDI is used to share information between the departments and branches in super-specialty hospitals. Healthcare EDI software helps to transmit details including coordination of benefits, claims status and information, insurance data, payment data, and eligibility forms among healthcare. Rising government support for the healthcare industry helps the healthcare sector develop new equipment and provide better services for the people. It also helps to increase technology in government hospitals. For instance, according to the Indian Economic Survey, in 2021-22, India's public healthcare spending reached 2.1%, up from 1.8% in 2020-21. Furthermore, the Union budget for 2022 allocated 11.28 billion for the growth of health care. Therefore, the increasing government support for healthcare drives the demand for the healthcare EDI market. Major players in the healthcare EDI market are McKesson Corporation, Optum, Allscripts, GE Healthcare, Cognizant, Cerner, Dell Technologies Inc., The SSI Group, Tallan Inc., Quadax, AthenaHealth, Schreiner Group, MuleSoft LLC, and Boomi. Technological advancements have emerged as the key trend gaining popularity in the healthcare EDI market. Major companies operating in the healthcare EDI market are focused on new technological innovations to sustain their position in the market. For instance, in 2020, Waystar, a US-based company that develops a technology platform that simplifies and unifies the healthcare payments cycle, launched its new analytics software based on revenue cycle technology. It facilitates access to vital data insights and aids medical organizations during the pandemic situation. Waystar fast-tracked the launch of this new software, which offers the intelligence healthcare leaders require to make strategic, reliable, and correct decisions in this environment. In August 2020, Waystar, a US-based company that develops a cloud-based revenue cycle management platform and healthcare solutions acquired eSolutions for a deal amount of $1.3 billion. Through this acquisition, Waystar would combine both commercial and government payers into a single payment platform. This acquisition also helps Waystar to deliver outstanding innovation to the industry, helping healthcare organizations to accelerate income collection while reducing administrative costs and redundant tasks. eSolutions is a US-based healthcare technology company that develops revenue cycles. North America was the largest region in the healthcare EDI market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare EDI market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the healthcare EDI market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The healthcare electronic data interchange (EDI) market includes revenues earned by Web & Cloud-based EDI, EDI Value Added Network, Direct EDI and Mobile EDI. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The healthcare EDI market research report is one of a series of new reports from The Business Research Company that provides healthcare EDI market statistics, including healthcare EDI industry global market size, regional shares, competitors with a healthcare EDI market share, detailed healthcare EDI market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare EDI industry. This healthcare EDI market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Healthcare BPO refers to the activities where the healthcare organization contracts its certain business functions to an external service provider. Healthcare BPO includes the practice of healthcare organizations outsourcing non-core business activities to outside vendors. The main services provided by healthcare BPO are revenue cycle management, patient enrollment and strategic planning, and patient care. Revenue cycle management (RCM) is the financial process that healthcare facilities use to track patient care episodes, from registration and appointment scheduling to the final payment of a balance using medical billing software. The various payer services include human resource management, claims management, customer relationship management (CRM), operational/administrative management, care management, provider management, and other payer services that are used by pharmaceutical companies for research and development, manufacturing, and non-clinical service. The global healthcare BPO market is segmented - 1) By Provider Service: Revenue Cycle Management, Patient Enrollment And Strategic Planning, Patient Care 2) By Payer Service: Human Resource Management, Claims Management, Customer Relationship Management (CRM), Operational/Administrative Management, Care Management, Provider Management, Other Payer Services 3) By Pharmaceutical Service: Research And Development, Manufacturing, Non-clinical Service The global healthcare BPO market size will grow from $276.59 billion in 2022 to $309.6 billion in 2023 at a compound annual growth rate (CAGR) of 11.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the healthcare BPO industry is expected to grow to $490.84 billion in 2027 at a CAGR of 12.2%. The rapid increase of clinical process outsourcing is significantly driving the growth of the healthcare BPO market. Clinical process outsourcing is administrative work in the healthcare industry that requires or benefits from clinical expertise. The increase in the increase of clinical trials outsourcing is due to the rise in a number of drugs entering clinical phases and the companies that are slashing their workforce look for CROs to help them manage their portfolios. For instance, in April 2021, Parexel (an American healthcare outsourcing provider) and Veeva Systems (a cloud-computing company focusing on pharmaceutical and life sciences industry applications) announced a strategic partnership to accelerate clinical trials by advancing technology and processes. Based on feedback from sponsors, sites, and patients, the companies will collaborate to improve Veeva's cloud technology and Parexel's clinical trial delivery processes. Hence, the rapid increase of clinical process outsourcing is expected to drive the healthcare BPO market in the upcoming years. Major players in the healthcare BPO market are Accenture, Cognizant, Tata Consultancy Services, Genpact, HCL Business Services, IQVIA, IBM Corporation, GeBBS Healthcare Solutions, Xerox Corporation, NTT Data Corporation, Infosys BPM, Firstsource Solutions, Omega Healthcare, Invensis and Wipro. Technology advancements are shaping the healthcare BPO market. The key players in the healthcare BPO market are focusing on innovating the outsourced services and expanding their scope of application to gain their market position. For instance, in May 2020, IQVIA, an American health information technology company, launched HCP/HCO Engagement Management. It is a completely orchestrated healthcare professional/organization (HCP/HCO) solution that lets users plan, manage, contract, and pay HCP/HCOs anywhere in the world. HCP/O Engagement Management is a transformative technology that integrates with customers' existing IT ecosystems and adapts to how they do business. In January 2022, Betaine BV, affiliated with Baring Private Equity Asia (BPEA), a Hong Kong-based Asian private equity firm acquired Hinduja Global Solutions (HGS) Limited for $1,200 million enterprise value. Through this acquisition, HGS will strategically invest in building its technology capabilities to support the company's future growth. Hinduja Global Solutions (HGS) Limited is an Indian company that specializes in business process management (BPM) and customer experience optimization in healthcare. North America was the largest region in the healthcare BPO market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare BPO market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the healthcare BPO market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The healthcare BPO market includes revenues earned by entities by providing services such as claims processing, data processing services, access to industry experts. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The healthcare BPO market research report is one of a series of new reports from The Business Research Company that provides healthcare BPO market statistics, including healthcare BPO industry global market size, regional shares, competitors with a healthcare BPO market share, detailed healthcare BPO market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare BPO industry. This healthcare bpo market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Healthcare ERP consulting services refers to the platform that helps healthcare providers with remote access to healthcare resources and reports for patients. Hospitals and other healthcare facilities can profit from healthcare ERP systems in a variety of ways. The main types of functionalities in the healthcare ERP consulting services market are implementation, training and education, and other functionality. Implementation refers to the act of starting to use a plan or system. The deployment includes both on-premise and cloud components. The various end-users involved are life science companies, healthcare providers, and other end-users. The global healthcare ERP consulting services market is segmented - 1) By Functionality: Implementation, Training And Education, Other Functionality 2) By Deployment: On Premise, Cloud 3) By End-User: Life Science Companies, Healthcare Providers, Other End-Users The global healthcare ERP consulting services market size grew from $4.35 billion in 2022 to $4.82 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the healthcare ERP consulting services market is expected to grow to $7.19 billion in 2027 at a CAGR of 10.5%. The increase in adoption of ERP systems is expected to propel the growth of the healthcare ERP consulting services market going forward. ERP systems refer to software and systems that are used to plan and manage an organization's fundamental supply chain, manufacturing, services, finance, and other functions. Healthcare organisations are using the ERP solution to its full potential and leveraging it to increase productivity and efficiency to make crucial decisions for better healthcare consulting outcomes. According to the Healthcare Information and Management Systems Society, a non-profit organisation based in the United States, the adoption of ERP Systems in health care has grown to 38.4% of hospitals in the United States by 2020.When compared with the previous year, it was marked as 18.8%. Therefore, the adoption of an ERP system is driving the growth of the healthcare ERP consulting services market. Major players in the healthcare ERP consulting services market are Accenture plc, Deloitte, PricewaterhouseCoopers, Premier Inc., Workday Inc., Infor, Atos, Avaap USA LLC, Infosys Limited, Allscripts Healthcare LLC, Azalea Health, SAP SE, Wipro Limited, KPMG International Limited, and Clarkston Consulting. Product innovation is a key trend gaining popularity in the healthcare ERP consulting services market. Major companies operating in the healthcare ERP consulting services market are focused on developing new product innovation solutions to strengthen their position. For instance, in October 2021, Cerner, a US-based healthcare company that includes ERP consulting services, launched Cerner RevElateTM, the company’s go-forward patient accounting product that will bring enhanced capabilities to the Cerner® revenue cycle management portfolio. Cerner RevElateis a result of Cerner’s investment in advancing patient accounting capabilities and enterprise-wide technology optimization in an effort to best align Cerner’s powerful research and development resources with those solutions needed by caregivers around the world. It will reduce complexity by managing data and workflows that scale for large health systems and influence clinical, billing, and payer workflows. In June 2022, Oracle Corporation, a US-based computer software company, acquired Cerner for $28.3 billion. With this acquisition, Cerner and Oracle aspire to improve healthcare delivery by delivering better information to medical practitioners, allowing them to make better treatment decisions and, hence, better patient outcomes. Cerner is a US-based healthcare company that includes ERP consulting services. North America was the largest region in the healthcare ERP consulting services market in 2022. The regions covered in the healthcare ERP consulting services market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the healthcare ERP consulting services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The healthcare ERP consulting services market includes revenues earned by entities by providing services such as core financial services, procurement services, compensation management, goal management, and performance management services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The healthcare ERP consulting services market research report is one of a series of new reports from The Business Research Company that provides healthcare ERP consulting services market statistics, including healthcare ERP consulting services industry global market size, regional shares, competitors with a healthcare ERP consulting services market share, detailed healthcare ERP consulting services market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare ERP consulting services industry. This healthcare ERP consulting services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The health and medical insurance market consists of sales of health and medical insurance by entities (organizations, sole traders, and partnerships) that are engaged in directly underwriting health and medical insurance policies. Group hospitalization plans and health maintenance organization HMO establishments (except those providing health care services) that provide health and medical insurance policies are included in this industry. Clients of these insurance providers are the general public/companies who buy medical and health insurance policies, it can be either through intermediary or direct selling. Only goods and services traded between entities or sold to end consumers are included.

The global health & medical insurance market is expected to grow from $385.24 billion in 2020 to $390.54 billion in 2021 at a compound annual growth rate (CAGR) of 1.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $653.4 billion in 2025 at a CAGR of 13.7%.

The health & medical insurance market covered in this report is segmented by type into hospitalization insurance; hospital daily cash benefit insurance; critical illness insurance; domiciliary insurance; others.

The increase in the prevalence of chronic diseases and the expected rise in the geriatric population contributed to the growth of the health & medical insurance market. The elderly population is growing rapidly and is expected to continue, thereby generating a high demand for health & medical insurance to reduce the burden of healthcare expenditure. According to the World Health Organization (WHO), the world’s population aged 60 years and above is projected to increase from 900 million in 2015 to 2 billion by 2050. Moreover, according to the United States Census Bureau, the population aged 65 and over is expected to reach 83.7 million by the end of 2050 in the USA. The probable surge in the aging population suffering from chronic and other diseases requires critical monitoring and surgical procedures, which contributes to the health & medical insurance market.

The long waiting period for pre-existing diseases and an increase in premium with age limit the growth of the health & medical insurance market. The greatest disadvantage of health & medical insurance is cost. The probability of health problems rises with an increase in age and hence the premium amount also goes up with age. Many individual policies can cost several hundred dollars a month and family coverage can be even higher. For instance, in 2020, the average national cost for health insurance in the USA is $456 for an individual and $1,152 for a family per month. Moreover, several medical insurance plans have a waiting period of up to 2-3 years for pre-existing diseases. In addition to this, many health insurance policies do not provide coverage for all types of diseases and conditions. Hence, the premium and long waiting period with health & medical insurance have a negative impact on market growth and expected to restrain the health and medical insurance market during the forecast period.

Major players operating in the health & medical insurance industry are undergoing strategic partnerships and collaborations to expand their consumer base and geographical presence which is likely to be a leading trend in the health & medical insurance market. For instance, in January 2020, Cigna, a health service company, and Oscar, a US-based technology-driven health insurance company announced a partnership to provide commercial health solutions to small businesses. Moreover, in August 2019, Aditya Birla Health Insurance Company Limited, a subsidiary of Aditya Birla Capital collaborated with Axis Bank to provide comprehensive health insurance solutions to its customers.

In November 2018, CVS Health, a US-based healthcare company acquired Aetna Inc., an American healthcare company for $69 billion. Both companies are expected to bring together the largest pharmacy chains and health insurers in the country. CVS Health together with Aetna Inc. plans to provide consumers with improved healthcare access at reduced costs to healthcare experts in home and communities across the country. Aetna Inc. is a US-based managed healthcare company engaged in selling healthcare insurance and related services to meet the needs of individuals, families, and healthcare providers.

The major players covered in the global health and medical insurance market are Allianz Group, UnitedHealth Group Incorporated, AIA Group Limited, Anthem Inc., AXA Equitable Life Insurance Company, China Life Insurance Company Limited, Cigna, HCSC Group, State Farm Group, Zurich Insurance Group, Berkshire Hathaway Inc., Prudential plc, Nippon Life Insurance Company.

The countries covered in the global health and medical insurance market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The regions covered in the global health and medical insurance market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global health and medical insurance market is segmented -

1) By Type: Hospitalization Insurance, Hospital Daily Cash Benefit Insurance, Critical Illness Insurance, Domiciliary Insurance, Others

2) By Service Provider: Private, Public

3) By Demographics: Minor, Adults, Senior Citizen