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Digital Health Market Growth Analysis Report to CAGR of 14% by 2024, Focusing on Top Key Players – Cisco Systems, Qualcomm, Truven Health Analytics, Siemens Healthineers

Posted: Tuesday, September 04, 2018 at 10:31 PM CDT

Pune, India -- (SBWire) -- 09/04/2018 --FDA's Center for Devices and Radiological Health to promote growth in the Digital Health Market

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.

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Fastest Growing region to contribute to growth in the global Digital Health Market

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 supportable initiatives undertaken by the Chinese government to support eHealth. Japan accounted for largest Asia Pacific digital health market market share owing to rapid adoption of tele health and mobile health technology.

Fitbit, Blue Cross Blue Shield Launch Mobile Health Partnership

In August 2018-, Blue Cross Blue Shield Association announced a partnership with Fitbit to include the company's wearables and fitness trackers in its Blue 365 health and wellness program for Blue Cross and Blue Shield (BCBS) members. The deal with BCBSA follows similar partnerships with Humana and United HealthCare.

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As part of a commitment to providing consumers with affordable health and wellness products, the Blue 365 program also collaborates with employers to help build a culture of health in the workplace. Fitbit provides a powerful platform to engage consumers by offering data, insights, and guidance to help them meet their health goals. Fitbit is expanding to access devices and software so that we can help more people focus on their health and wellness and achieve better health outcomes.

Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global digital health market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of digital health market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the digital health market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the digital health market to understand the present and future trends in this market and formulate their strategies accordingly.