Digital Health Market 2019 – Size, Share, Key Players | Medtronic, GENERAL ELECTRIC COMPANY, Cerner Corporation and more Forecast till 2026
Pune, India -- (SBWIRE) -- 06/18/2019 -- The Global Digital Health Market is relied upon to ascend at an extensive rate in response to the rising prevalence of chronic diseases. Fortune Business insights in its new report titled "Digital Health Market: Global Market Analysis Insights and Forecast2018 - 2025" predicts that North America is likely to show attractive growth opportunities during the forecast period.
This is primarily on account of the presence of advanced healthcare and medical infrastructure in North America. The presence of a large number of well-established players in this region is likely to continue boosting the digital healthcare market in North America. Besides North America Europe and the Asia Pacific are also expected to grow at a significant rise in the upcoming years. The rising level of digital knowledge in the U.K. is expected 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 health apps.
Other factors such as the rising demand for in-house remote monitoring devices and increasing geriatric population will catalyze the 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.
Although digital health services are adopted by a large number of hospitals across the world there are some factors that may harm the growth of the digital health market. The high cost associated with the installation of such advanced digital health systems is likely to restrict the market to an extent. In addition to this several security and safety concerns with regards to the data exposed digitally may pose a serious threat to the digital healthcare market.
Some of the major companies that are present in the global digital health market are;
- GENERAL ELECTRIC COMPANY
- Cerner Corporation
- McKesson Corporation
- Diabetizer GmbH & Co. KG
- Dimensional InsightInc.
- Siemens AGQualcomm Life
- 3MIBM CorporationInc.
- Koninklijke Philips N.V.
- NVIDIA Corporation
- Next IT Corp.
- Change Healthcare
- LifeWatchNike Inc. and others.
Growth Strategies Adopted by Companies to Aid Expansion
The global digital health market covers several playersdemonstrating in a competitive vendor landscape. Among these 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 AnalyticsMcKesson Corp.GE HealthcareCerner Corp.Cisco Systems Inc.Philips HealthcareNetApp.Siemens Healthineersand Qualcomm Inc. In the near future these companies are anticipated to engage in strategic partnership mergers and acquisitions and agreements to increase their share in the market. Also, these initiatives are adopted to gain a competitive edge in the global digital health market.
Browse Complete Report Details at
Market Players Are Focusing on Strategic Collaborations to Establish a Stronghold
Cisco and NetApp joined hands with each other in June 2018 to launch FlexPod solutions. Companies worked together to compute network and store important data and help organizations to accelerate application delivery.
In April 2018Digital Health China and Koninklijke Philips N.V. introduced a teleradiology application platform called SHINEFL. This service platform provides a scalable and customizable cloud-based solution for effective image management. Through this one can viewstoreanalyzeand retrieve medical images even remotely. The clinical applications involved in this platform are majorly for cardiologyoncologyand neurology.
Startups are growing fast in the U.S. In this regard the Digital Health Council of Massachusetts announced a new program on digital health in April 2019. The program called Sandbox is meant to drive the growth of startups in the state. The launch of such programs is likely to bode well for the global digital health market.
Fortune Business Insights offers expert corporate analysis and accurate data helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies interspersed with relevant data.
At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.