Allied Market Research
Loading...
Cart
0
PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*

Allied Market Research

Digital Health Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

A10934
Pages: NA
Jun 2021 | 52 Views
 
Author(s) : Onkar Sumant
Tables: NA
Charts: NA
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Digital Health Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

Request Now !

Digital health is a new phenomenon, defined as the transformation of advanced digital technologies that provide work on clinical data to benefit both healthcare providers and patients and aim to establish an equal level doctor-patient relationship with improvised decision-making and the democratization of healthcare service initiated changes in providing optimum care to the patients. Digital health is an integration of information and communications technologies and healthcare services aiming to enhance disease management, improve patient experience and improve quality of life in medical field. Digital includes extensive use of mobile health, wearable devices such as fitness trackers, health monitoring devices, telehealth, health information technology and telemedicine. Digital Health has been gaining momentum as it has various advantages such as improving access to healthcare, reduction in errors in the healthcare system, lower the cost of healthcare services, personalized care for patients and many others. Utilization of digital health apps also enables patients to track their own health and fitness, monitor blood pressure, record blood sugars, keep record of medication consumption and reminders, and track the amount of physical activity.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units  

  Value (USD)

  Segments covered

  Component, Technology, End user and Region

  Regions covered

•             North America (U.S., Canada, Mexico)

•             Europe (France, Germany, UK, Italy, Spain, Rest of Europe)

•             Asia-Pacific (Japan, China, India, Australia, South Korea, Rest          of Asia-Pacific)

•             LAMEA (Brazil, South Arabia, South Africa, Rest of LAMEA)

  Companies covered

AllScripts Healthcare Solutions Inc., eClinicalWorks, iHealth Lab, Inc., LifeWatch AG, McKesson Corporation, Koninklijke Philips N.V., Cerner Corporation, Cisco Systems, Athenahealth Inc. and Qualcomm.

 

COVID – 19 scenario analysis: 

  • The COVID-19 pandemic has emerged as a humanitarian as well as economic crisis, creating strain on the society and affecting millions of people and businesses
  • Industry closures and people are asked to stay in their homes which has cause taken a huge toll in terms of money and economic growth
  • Over 4 million people affected globally, with 300 thousand losing their lives due to SARS-CoV-2
  • Healthcare organizations are already working in battle mode, preparing new plans to respond growing COVID-19 patients, right from sourcing rapid diagnosing kits to sufficient PPE kits for workers
  • Due to diversion of medical field towards treating COVID-19, the funding to R&D activities related to diagnostic ultrasound has been reduced and this segment have to face negligence subsequently causing negative impact on diagnostic ultrasound market
  • However, various smartphone apps, smart wearables, fitness trackers are readily available in the market which aid in various healthcare processes and facilitate home healthcare which is increasingly important in this pandemic time

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The growing consumer demand for personalization in healthcare services, rising need for remote monitoring services owing to rise in cases of chronic diseases, deep penetration of smartphones and other software and platforms providing track of health and access to medical information among healthcare practitioners and physicians are the prime factors driving the market growth.

In addition to this, the rise in patient pool with chronic conditions, immense costs of efficient therapeutic treatments and diagnostics, high life expectancy, consumer demand for superior quality of life and the World Health Organization estimations regarding worldwide shortage of around 4.3 million health workers are other major factors propelling the growth of digital health market.

At the same time, technological advents with an increasingly high pace especially in the hardware and software field is revolutionizing is healthcare industry. Affordable and speedy internet access, deep smartphone penetration coupled with advanced technologies such as artificial intelligence, robotics, genomics, telemedicine, virtual reality and augmented reality in the medical field are transforming the healthcare industry. Similarly, abundant innovations in the software component has propelled the digital health market pertaining to tremendous amount of medical data and records, accessibility to clinical information, development of decision making support systems, peer support and open access clinical studies and guidelines. This has led to increase in self-care and home care scenario rather than depending on healthcare services alone which would further ensure market development.

On the contrary, rising concerns regarding clinical data such as cyber security threats including illicit attempts to gain unauthorized access to information technology (IT) systems, data thefts, rising cases related to data breaches, rising cyber-attacks via malware and ransom ware is expected to cause hindrances to digital health market growth over the coming years. Additionally, high capital investments for acquiring technologically advanced systems will further restrict the digital health industry growth.

Increasing number of mobile-based apps to surge the growth

High competition in the development of smartphone-based health apps resulting into growth in the number of health apps available in the market is one of the prime factors elucidating the growth of the market. For instance, myhealthapps blog data highlights, presence of 325,000 medical, health, and fitness apps in the market as of 2017. Health apps are gaining extensive popularity pertaining effective communication among patients residing in remote areas and healthcare professionals, self-health monitoring and novel suggestions during clinical decision making regarding owns health. Moreover, the usage of mobile devices is rising among physicians and clinicians. According to HIMSS Mobile Technology Survey, in 2015, the survey respondents using mobile devices for patient engagement was almost 90%. Further, the same survey revealed that 40% physicians believed the number of visits to the physician’s offices can be reduced with the use of mHealth. Thus, growing ventures in mobile health development and rising importance of mobile devices and digital health for improving healthcare, diseases management and enhancing patient satisfaction would fuel the market growth.

Technological advancements to boost the growth

Technological developments in the health IT industry for developing innovative digitalized healthcare solutions with integration of advanced information technology would fuel the growth of digital health market. For instance, an app AirRater was introduced in the market that tracks the behavior of people towards allergens and alerts them about the air-borne pollutants, such as pollen and chemicals in October 2015, in Tasmania.

The Indian government has taken initiatives to promote digital health and launched four new mHealth initiatives, namely, Kilkari, M-Cessation, Mobile Academy, and TB Missed Call Initiative, as a part of the Digital India program. These launches are aimed towards improving the healthcare quality and increasing accessibility to medical care even for remotely residing patients. Furthermore, Philips announced collaboration with Sijunjung Regency, based in Indonesia, for global launch of telehealth service called Mobile Obstetrics Monitoring (MOM). This app-based software solution aims at reducing maternal mortality via integration of several digital healthcare solutions to ensure risk assessment and early monitoring for therapeutics.

Key segments:

Segments

Sub-segments

  Components

  • Hardware
  • Software
  • Services

  Technology

  • Tele-healthcare   
  • mHealth Apps
  • Health Wearables
  • Digital Health System

  End users

  • Hospitals
  • Clinics
  • Homecare Settings
  • Ambulatory Surgical Services
  • Others

  Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

 

 Key benefits of the report:

  • This study presents the analytical depiction of the global digital health market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global digital health market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global digital health market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global digital health market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Digital health Market research report:

  • What are the leading market players active in the digital health market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*

Reach out to us

Call us on
( U.S. - Canada toll free )
+1-800-792-5285,   
Int'l : +1-503-894-6022
( Europe )
+ 44-845-528-1300
Drop us an email at
help@alliedmarketresearch.com

 
Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Digital Health Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $8,995  $8,096
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading.
    This title and over 12,000+ are available on the Avenue Library. T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers