Market Research

Global Digital Healthcare Market Research Report (COIVD Analysis) – Forecast till 2025 | CAGR ~26%

Jul 28, 2020 9:19 AM ET

iCrowd Newswire – Jul 28, 2020

Market Overview

Digital healthcare simplifies the smooth operation of healthcare-related processes. EMRs are digital versions of paper charts in a clinician’s office. They typically contain the medical and treatment history of the patients. On the other hand, EHRs are primarily designed to collect and compile information. EHRs can be used to share information between healthcare providers, laboratories, specialists, etc.

Digital Healthcare Market is expected to register a CAGR of 26.30% to reach USD 3,28,887.8 million by 2025. Digital Healthcare operates based on healthcare big data, electronic health record (EHR) and electronic medical record (EMR), and others.

Generally, the high adoption rate of EHRS and EMRS. In recent years, the application of IT in the medical sector has resulted in a parallel adoption of EHR and EMR. EHRs and EMRs improve the quality of care in medical services. The terms EHR and EMR can be interchangeably used but are special in format.

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Segmentation Overview of the Global Digital Healthcare Market

The Global Digital Healthcare Market is categorized into various segments. These major market segments are further categorized into various sub-segments to study the market in detail. The segmentation study offers detailed market study considering various growth determinants and geographical dynamics.

.Global Digital Healthcare Market, by Technology

  • Digital Health Systems
    • EHR/EMR
    • e-Prescribing Systems
  • Telehealthcare
    • Activity Monitoring
    • Remote Medication Management
    • LTC Monitoring
    • Video Consultation
  • mHealth
    • Wearables
      • Glucose Meters
      • Neurological Monitors
      • Sleep Apnea Monitors
      • Pulse Oximeters
      • BP Monitors
      • Others
    • mHealth Apps
      • Fitness Apps
      • Medical Apps
  • Healthcare Analytics

Global Digital Healthcare Market, by Application

  • Cardiology
  • Diabetes
  • Neurology
  • Sleep Apnea
  • Oncology
  • Others

Global Digital Healthcare Market, by Delivery Mode

  • On-Premise
  • Cloud-Based

Global Digital Healthcare Market, by Component

  • Software
  • Services
  • Hardware

Global Digital Healthcare Market, by End User

  • Healthcare Providers
  • Healthcare Payers
  • Pharmaceutical Companies
  • Others

Regional Overview of the Global Digital Healthcare Market

Geographically the Global Digital Healthcare Market is split in regions like North & South America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world.

The Americas is likely to dominate the global digital healthcare market. The growth in this region can be attributed to increasing healthcare spending and healthcare information technology (IT) adoption. According to the Centers for Medicare and Medicaid Services, in 2017, the healthcare sector in the US has grown by approximately 3.9%, reaching USD 10,739 per person.

The European market for digital healthcare is expected to be the second largest during the review period. The rising pressure to reduce healthcare costs, technological advancements, and improved healthcare solutions and services in the region is expected to have a positive impact on the digital healthcare market in Europe.

Asia-Pacific is estimated to be the fastest-growing market owing to the emerging healthcare infrastructure, and an increasing number of healthcare IT companies. Moreover, the rise in research & development centers and the presence of top companies in developing countries boost the growth of the market in this region.

The market in the Middle East & Africa is expected to grow at a steady rate. The increasing government support toward the healthcare IT industry in the Middle East and rapid technological advancements drives the market growth across the region.

Key Players

The Prominent Players in the Global Digital Healthcare Market are Allscripts Healthcare, LLC (US), BioTelemetry, Inc. (US), Cerner Corporation (US), Cisco Systems, Inc (US), Koninklijke Philips NV (The Netherlands), McKesson Corporation (US), General Electric Company (US), AT&T Inc.(US), Athenahealth Inc. (US), EClinicalWorks (US), iHealth Lab Inc. (US), Qualcomm Technologies, Inc.(US).

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Keywords:    Global Digital Healthcare Market