Digital Health Market Size Was Valued at USD 240.2 Billion in 2023, and is Projected to Reach USD 1,365.6 Billion by 2032, Growing at a CAGR of 21.3% From 2024-2032.
The term Digital Health may be described as the use of era that permits a smartphone, a wearable, or an digital health report in enhancement of delivery of fitness, the engagement of a patient in addition to the fitness of a population. Digital fitness involves care packages, which might be the combination of virtual technologies into the area of health, clinical exercise, life, and society to beautify the transport of care to achieve greater performance inside the delivery of healthcare consequently making medicine extra selective and accurate. Digital health is now a trending time period thinking about the increase inside the use of digital health answers like telehealth software program, cell fitness, and different wi-fi solutions in hospitals and nursing houses to boom the supply of timely healthcare services to patients.
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Digital Health Market Top Key Players:
Oracle Cerner; Veradigm; Apple Inc.; Telefonica S.A.; McKesson Corp.; Epic Systems Corp.; QSI Management, LLC; AT&T; Vodafone Group; Airstrip Technologies; Google, Inc; Samsung Electronics Co. Ltd.; Hims & Hers Health, Inc.; Orange; Qualcomm Technologies, Inc.; Softserve; Computer Programs and Systems, Inc.; Vocera Communications; IBM Corp.; CISCO Systems, Inc., and Other Major Players.
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Digital Health Market Trend Analysis
Growing Demand for Personalized Healthcare Facilities
The use of virtual fitness technology is a recent development because of the growing want for the implementation of special measures and strategies inside the healthcare zone which can probable offer the sufferers with extra customized treatment. Personalized healthcare is one of the concepts inside the delivery of care, which ambitions at developing wonderful care plans for a patient with the assist of positive characteristics including genetic make-up, personal behavior, and surroundings.
Rising Prevalence of Chronic Diseases
As the range of patients with chronic sicknesses like diabetes, cardiovascular diseases, and cancer rises, remote monitoring and management solutions, which may be brought through telehealth offerings and virtual fitness gear, have become greater required.
Digital Health Market Segment Analysis:
By Technology
- Tele Healthcare
- mHealth
- Health Analytics
- Digital Health Systems
By Component
- Software
- Hardware
- Services
By Application
- Obesity
- Diabetes
- Cardiovascular
- Respiratory Diseases
- Others
By End-use
- Patients
- Providers
- Payers
- Others
By Region:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Key Industry Developments in the Digital Health Market:
In April 2023, Microsoft partner with Epic Systems Corporation to incorporate AI in EHR; Health care professionals can enhance their efficiency and communicate with AI solutions.
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