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Digital Health Market

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Digital health integrates advanced technologies that utilizes digital, mobile, and cloud-based platforms to offer better healthcare service to patients.
Digital Health Market - Industry Summary,
Constraints, Threat, Competitive Status and Trends
Prediction To 2026
Digital health integrates advanced technologies that utilizes digital, mobile, and cloud-based
platforms to offer better healthcare service to patients. Digital health platforms such as tele
medicine, tele care enables health providers to communicate with patients. Digital health
synergies right information at the right place at the right time for healthcare provider.
Furthermore, digital health utilizes mobile health (mHealth), health information technology (IT),
wearable devices, tele health and telemedicine, and personalized medicine. Digital health
platform brings the stakeholder in healthcare system such as patients, health care practitioners,
researchers, medical device industry firms, and as mobile application developers (mHealth
provider) to make healthcare system efficient.
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Various advantage of digital health offers are that it reduce inefficiencies, improve access to
healthcare services even to distant location, reduces healthcare costs, increases quality aspect of
healthcare and make medicine more personalized and efficient for patients. Digital health
platforms such as mHealth makes self-monitoring of health parameters by patient possible and
at the same time remote monitoring this parameters by health care provider
The global digital health market size was valued at US$ 85.0 Billion in 2017 and is expected to
witness a CAGR of 23.8% over the forecast period (2018–2026).
Increase in aging population, prevalence of chronic diseases and need for continuous monitoring
would propel growth for the digital health market
Population across globe is slowly observing growth in median age with higher number of
people crossing age bracket of 60 and above. According to the Population Prospects Report of
United Nations published in 2017, in 2017, there are an estimated 962 million people aged 60
or over in the world (13 per cent of the global population). The population aged 60 or above is
growing at a rate of about 3 per cent per year and it would reach to 1.4 billion by the year
2030. Such high number of aging population would be immensely benefitted with digital health
platform such as tele care and tele medicine in which remote diagnosis and remote monitoring
is possible.
Increased prevalence of the chronic disease and need for continuous monitoring would be
another important driver for positive outlook of the digital health market during the forecast
period. According to the World Health Organization data in 2017, around 40 million people die
each year due to chronic disease, which accounts for 70% of all deaths globally. Cardiovascular
diseases is responsible for 17.7 million death annually, followed by cancers (8.8 million deaths),
respiratory diseases (3.9million deaths), and diabetes (1.6 million deaths).
Report includes chapters which deeply display the following deliverable about industry :
• Digital Health Market Research Objective and Assumption
• Digital Health Market Purview - Report Description, Executive Summary, and Coherent
Opportunity Map (COM)
• Digital Health Market Dynamics, Regulations, and Trends Analysis - Market Dynamics,
Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals,
Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Digital Health Market, By Regions
• Digital Health Market Competition by Manufacturers including Production, Share, Revenue,
Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Digital Health Market Manufacturers Profiles/Analysis including Company Basic Information,
Manufacturing Base and Its Competitors.
• Digital Health Market Manufacturing Cost Analysis including Key Raw Materials and Key
Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Digital Health Market Forecast including Production, Consumption, Import and Export Forecast
by Type, Applications and Region.
• Research Findings and Conclusion
Market Dynamics
Various combinations of factors makes market for digital health a lucrative. Larger number of
population crossing age 60 and above worldwide leads to higher requirement of healthcare
needs with more emphasis on long term care and chronic disease care. Developed markets such
as U.S. and Europe are especially witnessing higher number of population 65 and above.
According to the U.S. Census Bureau’s report of 2017, there were 47.8 million people aged 65
years and older in the U.S. in 2015 accounting for 14.9% of the total population, a 1.6 million
increase from that in 2014. Europe is currently having highest 65 years and above age
population which is 25% of entire population according to the Population Prospect Report of
the United Nations published in 2017. Tele Care and Tele Medicine are important digital health
platform for this population as they don’t have to take efforts of visiting physician in person.
Another important factor for growth of the digital health market would be high technological
penetration in the digital health domain. For instance, cloud based electronic medical record
which could be shared amongst entire healthcare stakeholders would make entire health
operation smooth and efficient.
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Key companies covered as a part of this study include Allscripts Health Solutions, Inc.
McKesson Corporation, Cerner Corporation, Siemens Healthineers, GE Healthcare, Koninklijke
Philips N.V., Qualcomm Inc., Proteus Digital Health, Inc., Athenahealth, Inc., Cisco Systems
About Coherent Market Insights
Coherent Market Insights is a prominent market research and consulting firm offering actionready syndicated research reports, custom market analysis, consulting services, and competitive
analysis through various recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.
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Author
Alex Huge
Alex Huge339   documents Email
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