Digital Health Market Trends, Size, Share and Demand Forecast to 2022

The global digital health market, valued at $76,723.8 million in 2015, is expected to grow at a CAGR of 21.0% during 2016-2022. The mHealth segment of the global digital health market is expected to witness the fastest growth, a CAGR of 34.0% during the forecast period.

The global digital health market is growing at a significant rate, due to growing demand for advanced healthcare information system, and growing investment by healthcare information technology (HIT) players. The growing need for remote patient monitoring services, increasing support from government organizations and growing demand for mHealth technologies are also driving the growth of the global digital health market. However, the factors such as privacy and security issues, inadequate healthcare infrastructure in developing economies, and high capital expenditure and maintenance requirement are inhibiting the growth of the global market.

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Digital health technologies, such as electronic health records (EHR), digital diagnostic systems, and wireless technologies comprises a range of data including patient history, immunization dates, medication, allergies, diagnosis, radiology images, laboratory and test results, insurance information, and treatment plans. Moreover, the digital health technologies help to improve communication between patients and healthcare providers to reduce medical errors for better coordinated care. These technologies also help to share information with other healthcare organizations and providers, such as medical imaging facilities, emergency facilities, laboratories, clinics, and pharmacies.

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Some of the key companies operating in the global digital health market include AT&T Inc., Cerner Corporation, Cisco Systems Inc., General Electric Company, McKesson Corporation, Koninklijke Philips N.V., Qualcomm Incorporated, eClinicalWorks, Allscripts Healthcare Solutions Inc., athenahealth Inc., and Epic Systems Corporation.

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