Infinium Global Research Digital Health Market | Page 2

Digital Health Market: Trends and Forecasts up to 2024
The Infinium Global Research analyzes the report of Digital Health Market over the period of
2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the
market dynamics, market size and future trends in Global Digital Health Market. It will help a lot
of decision makers to develop strategies and find new opportunities in the Global markets of
Digital Health.
The report covers market changing aspects including drivers, restraints, opportunities, and trends
expected to encouragement the expansion of the Digital Health Market during the said period.
The report also provides market attractiveness analysis, by geography, and market share analysis,
by key players respectively. Some of the prominent participants in the Global Digital Health
Market are Cisco Systems Inc., Qualcomm Inc., Truven Health Analytics, Epic Systems Corp,
Siemens Healthineers, GE Healthcare, Philips Healthcare, McKesson Corp, Allscripts Healthcare
Solutions Inc and Cerner Corp. According to report the global digital health market is projected to
grow at a CAGR of 14% over the forecast period of 2018-2024.
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Digital health is the convergence of the digital and genomic revolutions with health, healthcare,
living, and society. Patients and consumers use digital health to better manage and track their
health and wellness related activities. Many medical devices now have the ability to connect to
and communicate with other devices. Devices that are already FDA approved are being updated
to add digital features. FDA’s Center for Devices and Radiological Health is excited about these
advances and the convergence of medical devices with connectivity and consumer technology.
Digital health can give people the opportunity to be provided with smart care in a homely
environment.
Rapidly improving healthcare IT infrastructure along with remote patient monitoring services
drives the growth of the digital health market. Additionally, increasing occurrence of
cardiovascular disorder and aging population across the world are some of the factors fuelling the
growth of the digital health market. However, lack of infrastructure and high capital investment
to build the infrastructure in developing economies are likely to restrain the growth of the digital
health market. On the other hand, increasing adoption of cloud-based systems and increase in
demand for mobile apps are providing huge growth opportunities for the key players in the
digital health market over the upcoming years. Implementation of ehealth aims at creation of
electronic health card for everyone since 2018 is anticipated to boost the business growth. The
card will include health data that can be accessible by hospitals, doctors, as well as pharmacies
across the nation with patient consent such implementations are most likely to boost market
growth.
Among geographies,U.S accounted for the largest share in the digital health market. The growth
in the U.S region is due to increase in occurrence of chronic diseases and growing elderly
population base.Morever, stringent regulatory norms in the United States and threat associated
with data privacy and security are restricting the growth of global digital health market. China is
anticipated to witness significant growth owing to high adoption rate of technologies and various
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