What is Digital Health-?
Digital health describes the application of information and communication technology to the practice of medicine and other health-related fields in order to manage diseases, reduce health risks, and encourage wellness. Wearable technology, mobile health, telehealth, health information technology, and telemedicine are just a few examples of the wide range of applications of digital health. Through data access, digital tools are giving healthcare professionals a more comprehensive picture of patient health while also allowing patients greater control over their own health. Digital health presents real opportunities to increase productivity and improve medical outcomes.
|Unit||Value (USD Million)|
|Key Companies Profiled||Cerner Corporation (United States), Allscripts (United States), Apple, Inc. (United States), Telefónica S.A. (Spain), Mckesson Corporation (United States), Epic Systems Corporation (United States), QSI Management, LLC (United States), AT&T (United States), Vodafone Group (United Kingdom) and AirStrip Technologies (United States)|
The study covers a detailed analysis segmented by key business segments i.e. by type (Monitoring Services, Diagnosis Services, Healthcare Systems Strengthening Services and Others) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Digital Health- market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Digital Health- market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Cerner Corporation (United States), Allscripts (United States), Apple, Inc. (United States), Telefónica S.A. (Spain), Mckesson Corporation (United States), Epic Systems Corporation (United States), QSI Management, LLC (United States), AT&T (United States), Vodafone Group (United Kingdom) and AirStrip Technologies (United States).
On 1st June 2022, Oracle Corporation announced that it has received all necessary antitrust approvals for its proposed acquisition of Cerner, including European Commission approval. Cerner is a leading provider of digital information systems used in hospitals and health systems to help medical professionals provide better care to individuals and communities.
APACMed Digital Health (DH) Committee issued a position paper titled Digital Health Regulation in Asia-Pacific and Best Practices, in which they advocated for the creation and convergence of tailored, risk-based software regulatory frameworks across APAC countries. Highlighting DH regulatory activities in APAC's leading markets such as Australia, Japan, Singapore, Korea, and China, identifying best practices and gaps, and drawing comparisons to forward-thinking DH regulation from other countries such as the United States.
The market is fragmented by the market's leading players, and market players are heavily focused on production technologies, efficiency enhancement, and service life. This market has significant growth potential, which can be realized by tracking ongoing process improvement and financial flexibility to invest in business strategies.
Advancement in Technology Platforms
- Huge Investment Required
- Lack of Professional Expertise
Increasing Penetration of Digital Health in Emerging Economies
Key highlights of the Global Digital Health- market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Digital Health- market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Digital Health- market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Digital Health- Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Digital Health- market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Digital Health- market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Digital Health Manufacturer, Digital Health Supplier & Distributor, Government Bodies, Research Institutes and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.