Digital Health Market Size, Share and Global Trend Forecasts till 202 Digital Health Market

The worldwide advanced Digital Health Market is required to ascend at an extensive rate in
light of rising pervasiveness of constant maladies. Fortune Business experiences in its new
report titled " Digital Health Market: Global Market Analysis, Insights and Forecast, 2018 -
2025" predicts that North America is probably going to indicate alluring development
openings amid the gauge time frame. This is principally by virtue of the nearness of cutting
edge social insurance and therapeutic framework in North America. Nearness of countless set
up players in this district is probably going to keep boosting the computerized human services
advertise in North America. Other than North America, Europe and Asia Pacific are
additionally expected to develop at a huge ascent in the up and coming years. Rising
dimension of advanced information in the U.K. is required to drive the Digital Health market.
Rapid Adoption of mHealth Technologies Drives the Market
The global digital health market is driven by several factors. “Rising number of government
initiatives aimed at promoting digital health solutions will enable growth in the market,” said
a lead analyst at Fortune Business insights. “In the coming years, the digital health market is
estimated to benefit from the uptake of IT in the medical industry,” he added. With the
increasing use of smartphones across the world, the demand for digital health services is
growing owing to the rising adoption of mhealth apps. Other factors such as the rising demand
for in-house remote monitoring devices and increasing geriatric population will catalyze
growth of the digital health and wellness services. Digital health over the past few years has
become a game changer in the digital health industry. Digital health services help in
monitoring diseases and provide access to electronic information of patients through tablets
or mobiles. Doctors can check the complete digital health record of their patients and
accordingly offer the best consultation. All the factors mentioned above are anticipated to
boost the digital health market during the forecast period.
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Growth Strategies Adopted by Companies to Aid Expansion
The global digital health market covers several players, demonstrating a competitive vendor
landscape. Among these, the leading players are working continuously to expand their
product portfolio and strengthen position in the digital healthcare market. Some of the
leading companies operating in the global digital health market are Allscripts Healthcare
Solutions Inc., Agfa-Gevaert N.V., Truven Health Analytics, McKesson Corp., GE Healthcare,
Cerner Corp., Cisco Systems Inc., Philips Healthcare, NetApp., Siemens Healthineers, and
Qualcomm Inc.
Market Players Are Focusing on Strategic Collaborations to Establish a Stronghold
In April 2018, Digital Health China and Koninklijke Philips N.V. introduced a tele-radiology
application platform called SHINEFL. This service platform provides scalable and customizable
cloud-based solution for effective image management. Through this, one can view, store,
analyze, and retrieve medical images even remotely. The clinical applications involved in this
platform are majorly for cardiology, oncology, and neurology.