Global Digital Health Market : Latest Innovations, Size, Share, Growth & Forecast 2024

The global digital health market is growing at a significant rate, due to Escalating penetration of smartphone and tablet users, and mounting occurrence of chronic and lifestyle associated diseases such as cardiovascular diseases.

Different technologies such as mhealth, electronic health record (EHR), healthcare analytics, and telemedicine contributed to the digital health market size. The market has witnessed a high demand for mhealth in the coming years due to mounting alertness about advanced applications and government schemes for the employment of mhealth technology.

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Innovative application of cloud computing in digital health is the trend in the digital health market.

Escalating penetration of smartphone and tablet users, refining healthcare IT infrastructure, expanding the geriatric population, enlarging acceptance of patient-centric EHR system, innovative application of mhealth technologies, mounting financing by healthcare information technology players, and escalating need of remote patient monitoring services are the primary growth drivers for the digital health market.

North America is the largest digital health market as in the region the occurrence of chronic and lifestyle associated diseases is increasing, and favorable government initiatives. Asia-Pacific is observed to witness the fastest growth in the market, due to expanding the geriatric population, and refining healthcare IT infrastructure.

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Key players in the digital health market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In January 2016, AT&T signed an agreement with YOFiMeter to enable people with diabetes to wirelessly transmit their blood sugar levels. Qualcomm Incorporated, athenahealth Inc., Cisco Systems Inc., Cerner Corporation, McKesson Corporation, Koninklijke Philips N.V., eClinicalWorks LLC, AT&T Inc., Allscripts Healthcare Solutions Inc., Epic Systems Corporation, and General Electric Company are the key players offering digital health.

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