Digital health is a new age platform that is primarily focused on the consumer-centric approach to healthcare that results in quality and efficient healthcare at a much lower cost than the traditional healthcare ecosystem. It is a broad term that covers various aspects of the healthcare ecosystem that come together with a digital media thread to provide the most useful healthcare service with easy access for all stakeholders. It covers various stakeholders of healthcare ecosystems, such as healthcare providers, patients, payers, pharmaceutical companies, and other new stakeholders such as information and technology companies. In general, digital health covers diagnosis, treatment, consultation and long-term care services at an affordable cost with greater access than the old location-based health care system.
market dynamics
Various combinations of factors make the market lucrative. A larger number of the population crossing the age of 60 and over worldwide leads to a higher requirement for health care needs with more emphasis on long-term care and chronic disease care. Developed markets, such as the US and Europe, are especially witnessing a higher number of people aged 65 and over. According to the 2017 US Census Bureau report, there were 47.8 million people age 65 and older in the US in 2015, representing 14.9% of the total population, an increase 1.6 million compared to 2014. and above the elderly population, which is 25% of the total population according to the United Nations Population Prospect Report published in 2017. Tele Care and Tele Medicine are an important digital health platform for this population, since they do not have to make an effort to visit the doctor. in person. Another important factor for the growth of the digital health market would be the high technological penetration in the digital health domain. For example, a cloud-based electronic medical record that could be shared among all healthcare stakeholders would make the entire healthcare operation seamless and efficient.
Key features of the study:
- This report provides an in-depth analysis of the market and provides the market size (US$ Million) and Cumulative Annual Growth Rate (%CAGR) for the forecast period (2018 – 2026), considering 2017 as the base year.
- It clarifies the potential revenue opportunities in different segments and explains the attractive matrix of investment propositions for this market.
- This study also provides key information on market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategy adopted by major players.
- It profiles the major market players based on the following parameters: company overview, financial performance, product portfolio, market presence, distribution strategies, key developments and strategies, and future plans.
- Key companies covered as part of this study include Allscripts Health Solutions, Inc. McKesson Corporation, Cerner Corporation, Siemens Healthineers, GE Healthcare, Koninklijke Philips NV, Qualcomm Inc., Proteus Digital Health, Inc., Athenahealth, Inc., Cisco Systems
- Insights from this report would enable marketers and management authorities of companies to make informed decisions regarding future product launch, technology upgrade, market expansion and marketing tactics.
- The market report is aimed at various stakeholders in this industry, including investors, vendors, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in making decisions through the various strategy matrices used in market analysis.
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Detailed segmentation:
- Global market, by technology platform
- telehealth
- telemedicine
- telecare
- mHealth
- Information systems
- EMR/HER
- Clinical Decision Support System (CDSS)
- Computerized Physician Order Entry (CPOE)
- others
- Diagnostic and Monitoring Devices
- Therapeutic Devices
- digital medicine
- respiratory therapy devices
- insulin pumps
- others
- others
- telehealth
- Global market, by end users
- business to consumer
- business to business
- Global market, by geography
- North America
- By technology platform
- telehealth
- telemedicine
- telecare
- mHealth
- Digital Health Information Systems
- EMR/HER
- Clinical Decision Support System (CDSS)
- Computerized Physician Order Entry (CPOE)
- others
- Diagnostic and Monitoring Devices
- Therapeutic Devices
- digital medicine
- respiratory therapy devices
- insulin pumps
- others
- others
- telehealth
- By end user:
- business to consumer
- business to business
- For country:
- US
- Canada
- By technology platform
- North America
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