Digital Health Market To Report Impressive Growth, Revenue To Surge To US$ 423.11 Billion By 2024 – ZMR

Global digital health market expected to generate revenue of around USD 423.11 billion by the end of 2024, growing at a CAGR of around 19.35% between 2018 and 2024.

New York, United States - September 29, 2020 /MarketersMedia/ —

With the presence of a large pool of participants, the global digital health market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). CONMED Corp., Olympus Corp., Fujifilm Holding Corp., Boston Scientific Corp., Cook Medical Inc., Covidien Plc, Stryker Corp., and Smith & Nephew Plc are some of the key vendors of endoscopy devices across the world. These players across digital health market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the digital health market study.

Citing an instance, recently, DarioHealth – a leading Israel-based digital health firm offering mobile health and big data services – declared that launching of version 4.1 of its Dario® App for Dario Blood Glucose Monitoring System, which is a part of its digital diabetes data management tool. Reportedly, the app that is available through both direct-to-consumer tool and healthcare service providers is now fully integrated with the DarioEngage patient management & coaching tool.

As estimated in this report, the global digital health market stood at US$ 122.66 billion in 2017. Witnessing a tremendous rise during the period from 2018 to 2024, the revenue in this digital health market is expected to reach US$ 423.11 billion by the end of the forecast period. The main product types available in this digital health market are healthcare information systems and wearable devices. Among them, the demand for healthcare information systems is relatively higher and the trend is anticipated to remain so over the next few years, notes the digital health market research report.

Massive Need For Improving Healthcare Service Effectiveness To Soar Market

“Growing need to improve the efficiency of healthcare service delivery with prominent increase in chronic ailments along with favorable government policies as well as initiatives taken by healthcare firms will impel digital health market trends in the coming years,” says the author of this study. Apart from this, growing preference of firms to develop new products is likely to open new growth vistas for digital health market in the years ahead.

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Favorable Government Policies To Support North America Maintain Dominance

Regionally, North America has been leading the worldwide digital health market and is anticipated to continue on the dominant position in the years to come, states the digital health market study. Rise in the number of initiatives taken by government organizations and healthcare communities for spreading awareness about digital health importance among the global population is the main factor behind the dominance of the North America digital health market. The high number of market players being headquartered in North America is another significant factor that is supporting this regional digital health market.

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The global digital health market is segmented as follows:

By Product

Healthcare Information Systems
Clinical Solutions
EHR/EMR
Clinical Decision Support System
Computerized Physician Order Entry
mHealth
Non-Clinical Solutions
Wearable Devices
Diagnostic & Monitoring Devices
Digital Therapeutic Devices

By Component

Hardware
Software
Service

By Sales Channels

Business-to-Business (B2B)
Employers
Wellness Centers
Fitness Centers
Gyms
Business-to-Consumers (B2C)
Patients
Caregivers

By Region

North America
The U.S.

Europe
UK
France
Germany

Asia Pacific
China
Japan
India

Latin America
Brazil

The Middle East and Africa

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Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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Source URL: https://marketersmedia.com/digital-health-market-to-report-impressive-growth-revenue-to-surge-to-us-42311-billion-by-2024-zmr/88978977

Source: MarketersMedia

Release ID: 88978977

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