Digital Healthcare Market is Expected to Reach USD 1.3 Trillion by 2030 at 23.7% CAGR | MRFR

Digital Healthcare Market Overview

The digital healthcare market was valued USD 167 billion in 2021 and is expected to reach USD 1.3 trillion by 2030 at 23.7% CAGR during the forecast period 2022-2030. Healthcare big data, electronic medical and health records, among other things, are the foundations on which digital healthcare is based. Digital healthcare makes it easier for processes related to healthcare to run smoothly. It facilitates the simple management of clinical data, payment processes, claim submissions, and numerous other healthcare tasks. Increased use of big data in healthcare, growing adoption of EHR and EMR systems, government mandates, support for the upkeep of patients’ electronic health records, and other factors are driving the growth of the global digital healthcare market.

Specialists and medical professionals frequently work in urban areas or large cities, leaving patients living in rural areas stranded. The use of telecloud, which enables medical professionals to treat patients over long distances at a reasonable cost and in real-time, can solve this problem.

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Digital Healthcare Market Regional Analysis

According on geography, the global digital healthcare market has been split into the Americas, Europe, Asia-Pacific, and Middle East & Africa.

During the assessment period, the Americas are likely to account for the biggest portion of the global market for digital healthcare. The market growth in the American region is most likely being driven by the high adoption rate of electronic health records (EHRs) and electronic medical records (EMRs), positive government initiatives, increased healthcare funding, and mounting pressure to improve the quality of care and lower healthcare costs.

Due to the presence of quickly emerging economies like China, India, and South Korea as well as an increase in research and development facilities, the Asia-Pacific region is thought to be the one with the fastest growing economy in the world market.

Due to escalating government backing for the Middle East’s healthcare IT sector and quickening technical development, the Middle East and Africa’s digital healthcare market is anticipated to gradually expand.

Digital Healthcare Market Segmentation

The Technology, Application, Delivery Mode, Components, and End User segments of the global digital healthcare market have been established.

The market has been divided into digital health systems, telehealthcare, mhealth, and healthcare analytics based on technology. EHR/EMR and e-prescribing systems are additional sub-segments of the digital health systems. Activity monitoring, remote medication management, LTC monitoring, and video consultation are additional subcategories of telehealthcare. Wearables and mHealth apps are additional subcategories of mHealth. Glucose metres, neurological monitors, sleep apnea monitors, pulse oximeters, blood pressure monitors, and others are further categories of wearables. Fitness applications and medical apps make up the majority of the mHealth app market.

The digital healthcare market has been divided into sections for cardiology, diabetes, neurology, sleep apnea, oncology, and other applications.

The digital healthcare market has been divided into on-premise and cloud-based based on delivery mechanism.

The digital healthcare market has been divided into software, services, and hardware based on component types.

Depending on the end user, the global digital healthcare market has been divided into healthcare providers, payers, pharmaceutical companies, and others.

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Digital Healthcare Market Key Players

Key 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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