Global Digital Health Technologies Market By Technology (Tele-healthcare, mHealth, Health Analytics, Digital Health Systems), Product (Wearable Devices, Healthcare Information Systems), Component (Software, Hardware, Services), End User (B2B, B2C), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Market Analysis: Global Digital Health Technologies Market
Global Digital Health Technologies Market is expected to rise from its initial estimated value of USD 44.32 billion in 2018 to an estimated value of USD 62.07 billion by 2026, registering a CAGR of 4.3% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase in the number of smartphone users.
Market Definition: Global Digital Health Technologies Market
Digital health technology is the blend of digital and genomic technologies. These technologies are used for health and healthcare to enhance the efficacy of healthcare delivery, to make medicines more precise and efficient. These technologies include hardware and software, as it is concerned with the development of interconnected health systems to improve the use of computational technologies.
According to U.A.E's National Health Insurance Company, there were 325,000 health apps available in 2017, and approximately 3.6 billion apps were downloaded by the users in the same year across the world. This significant number is act as a market growth.
Market Drivers
- Adoption of m-health technologies for health monitoring, this act as a driver of the market.
- Technological advancements in Healthcare IT, this act as a driver of the market.
Market Restraints
- High expenditure and maintenance requirement, this act as a restraints of the market
- Safety concerns regarding management data, this act as a restraints of the market
Segmentation: Global Digital Health Technologies Market
By Technology
- Tele-healthcare
- Teleconsulting
- Telemonitoring
- Tele-education
- Teletraining
- mHealth
- Connected devices
- Services
- mHealth apps
- Health Analytics
- Descriptive
- Predictive
- Prescriptive
- Digital Health Systems
By Product
- Wearable Devices
- Healthcare Information Systems
By Component
- Software
- Hardware
- Services
By End User
- B2B
- B2C
By Geography
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Turkey
- Belgium
- Netherlands
- Rest of Europe
- Asia-Pacific
- Japan
- China
- South Korea
- India
- Australia
- Singapore
- Malaysia
- Indonesia
- Thailand
- Philippines
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Egypt
- Saudi Arabia
- United Arab Emirates
- Israel
- Rest of Middle East and Africa
Key Developments in the Market:
- In Qualcomm Technologies International announced that they get support for the Google Assistant and Google Fast Pair on the Qualcomm® Smart Headset Platform.
- In April 2018, Koninklijke Philips N.V. and Digital Health China introduced SHINEFLY, a tele-radiology application and services platform, which offers customizable, scalable cloud-based solution for image management to store, view, retrieve, and analyze medical images, remotely.
Competitive Analysis: Global Digital Health Technologies Market
Global digital health technologies market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of digital health technologies market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Digital Health Technologies Market
Few of the major competitors currently working in the digital health technologies market are Koninklijke Philips N.V. (Europe), AT&T Intellectual Property. (US), Cerner Corporation (US), Athenahealth (US), Qualcomm Technologies, Inc. (US), BioTelemetry, Inc (US), McKesson Corporation (US), eClinicalWorks, Agfa-Gevaert Group (US), Allscripts (US), Epic Systems Corporation (US), GENERAL ELECTRIC (US), Abbott (US), CardioNet (US), Bosch Healthcare Solutions GmbH (Germany), Bayer AG (Germany), F. Hoffmann-La Roche Ltd (Switzerland), Johnson & Johnson Services, Inc., GlobalMed (US), Huawei Technologies Co., Ltd. (China), OMRON Corporation (Japan), among others.
Research Methodology: Global Digital Health Technologies Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global digital health technologies market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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