The Digital Health Global Market Report 2023 by The Business Research Company, provides digital health market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Digital Health Global Market Report 2023, the market size grew from $195.57 billion in 2022 to $231.93 billion in 2023 at a compound annual growth rate (CAGR) of 18.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the digital health market is expected to grow to $451.91 billion in 2027 at a CAGR of 18.1%.
The favorable government initiatives in response to COVID-19 are expected to propel the growth of the digital health market in the coming years. Governments around the world have rapidly brought health policies and extra advantages on linked health tools, such as digital health and remote patient monitoring, in response to COVID-19.
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The digital health market is segmented:
1) By Technology: Mobile Health (mhealth), Health Information Technology, Telehealth And Telemedicine, Health Analytics, Other Technologies
2) By Application: Cardiology, Diabetes, Neurology, Sleep Apnea, Oncology, Other Applications
3) By End User: Healthcare Providers, Healthcare Payers, Pharmaceutical Companies, Other End Users
Major companies operating in the digital health sector are focusing on developing technologically advanced solutions for digital health. For instance, in March 2018, Allscripts released Avenel, a mobile-first, cloud-based electronic health record (EHR) that employs machine learning to minimize the time in medical documentation and boost EHR usability for providers. Avenel was developed on Microsoft Azure and incorporates clinical care trends to offer providers more efficient clinical reporting and medical decision-making.
The digital health market report table of contents includes:
1. Digital Health Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
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20. Digital Health Market Competitive Landscape And Company Profiles
21. Key Mergers And Acquisitions In The Digital Health Market
22. Digital Health Market Opportunities And Strategies
23. Digital Health Market, Conclusions And Recommendations
24. Appendix
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