Healthcare’s Digital Shift: How Big Data and Technology Boost the Digital Health Market is projected to reach a US$ 2585.98 Billion by 2032 | FMI

Digital Health Market

The global Digital Health Market is expected to reach a valuation of US$ 2585.98 Billion by 2032, with sales growing at an astounding CAGR of 27.7% from 2022 to 2032. Owing to the rising awareness of digital health benefits, the market for the same is likely to expand at a rapid rate and reach an estimated US$ 224.24 Billion by the end of 2022. The deep penetration of electronic gadgets and devices and advancing technology coupled with the rising acceptance of telemedicine and telehealth services will fuel the growth of the digital health market during the forecast period.

The prospects for the digital health market are expected to improve as a result of the healthcare industry’s fast digitalization. Big Data and other cutting-edge technology tools are being used more frequently, which is positive for the target market. The medical community, as well as public and private organisations, are rapidly adopting telemedicine and telehealth services. The digital health market will most certainly benefit as a result of this.

Experience The Cutting-Edge Of Innovation And Success With Our Sample Report – Download It Now!  https://www.futuremarketinsights.com/reports/sample/rep-gb-505

Additionally, the rising incidence of chronic ailments including cancer, cardiovascular disease, diabetes, Alzheimer’s, and other illnesses that call for ongoing patient monitoring and long-term care add to the increase in demand for digital health services. Additionally, smartphones and other electronic devices are increasingly being utilised as fitness and health trackers, which supports the expansion of the digital health market during the course of the forecast period.

“Improving healthcare IT infrastructure coupled with access to virtual care will stimulate the global growth of the digital health market over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • The rising prevalence of medical conditions requiring long-term care and monitoring facilitates market growth of the digital health industry.
  • Concerns regarding patients’ data security stymies market growth during the assessment period.
  • By deployment type, the cloud-based segment will likely reach an estimated US$ 519,151.4 Million by 2032.
  • On the basis of solution, the software segment is predicted to hold about 45.6% of the digital health market revenue.
  • North America is expected to dominate the global digital health market space with a 45.9% share of the total revenue.
  • The digital health market in South Asia & Pacific is anticipated to reach US$ 275,462.9 Million by 2032.

Get In Touch With Our Analyst To Resolve Any Doubts You May Have @ https://www.futuremarketinsights.com/ask-question/rep-gb-505

Competitive Landscape 

AT&T Inc., Apple Inc., AirStrip Technologies LP, Alcatel-Lucent Corporation, Cerner Corporation, Symantec Corporation, Aruba Networks, Inc., Cisco Systems, Inc., Qualcomm, Inc., Siemens Healthcare, and Philips Healthcare among others are some of the major players in the digital health market profiled in the full version of the report.

Leading market players are focusing on launching state-of-the-art and affordable solutions to retain a competitive edge. These firms also adopt tactics like strategic alliances, partnerships, collaborations, acquisitions, and joint ventures to increase their market share.

More Insights into Digital Health Market Report

In its latest report, FMI offers an unbiased analysis of the global digital health market, providing historical data and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented by product type (software (healthcare payers software (healthcare claims management software, healthcare CRM software, payer care management software, others), healthcare providers software (EHR/ EMR software, e-prescribing software, healthcare asset management software, population health management software, others)), services (managed services, professional services (healthcare consulting services, integration & implementation services, support & maintenance services))), deployment (cloud-based, on-premises), end user (diagnostics centers, healthcare payers, healthcare research centers, hospitals & clinics, nursing care centers, others), and region.

Step into the Age of Customization: Unraveling Trends in Our Report! https://www.futuremarketinsights.com/customization-available/rep-gb-505

According to the latest FMI reports, based on segmentation, the cloud-based deployment segment will make significant contributions to the growth of the overall market. This segment is anticipated to reach US$ 519,151.4 Million by 2032 owing to increasing usage of cloud-based solutions by various healthcare organizations. The software solution segment will also lead the market growth, accounting for a value of US$ 646,393.1 Million in 2032.

Based on region, the digital health market in North America will present remarkable growth during 2022-2032. The region will likely dominate the market and hold about 45.9% of the market revenue. North America’s digital health market is predicted to account for a market share worth US$ 196,094.5 Million. The presence of lucrative funding options, the deep reach of smartphones and other such devices, enhanced internet connectivity, and easy adaptability to progressive technology along with other factors like an ageing population and high prevalence of chronic illnesses propel the target market in this region. Besides North America, the Asia Pacific region, too, will demonstrate considerable growth in the digital health market during the forecast period.

Key Segments

By Solution:

  • Software
    • Healthcare Payers Software
      • Healthcare Claims Management Software
      • Healthcare CRM Software
      • Others
      • Payer Care Management Software
    • Healthcare Providers Software
      • EHR / EMR Software
      • E-Prescribing Software
      • Healthcare Asset Management Software
      • Others
      • Population Health Management Software
  • Services
    • Managed Services
    • Professional Services
      • Healthcare Consulting Services
      • Integration & Implementation Services
      • Support & Maintenance Services

Seize this Opportunity for Detailed Market Intel: Purchase Now to Access! https://www.futuremarketinsights.com/checkout/505

By Deployment:

  • Cloud-based
  • On-Premises

By End User:

  • Diagnostics Centers
  • Healthcare Payers
  • Healthcare Research Centers
  • Hospitals & Clinics
  • Nursing Care Centers
  • Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:           

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these