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Global Digital Health Market 2019-2023 | Use of mHealth Technologies to Boost Growth | Technavio

Technavio has announced its latest market research report titled global digital health market 2019-2023. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--

The global digital health market is expected to post a CAGR close to 22% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report.

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mHealth technologies are gaining significant prominence in the digital health market as these are used for chronic disease management, disease surveillance, and treatment support. In addition, with the rise in adoption of smartphones and increase in penetration of the Internet, there has been a considerable growth in the use of mHealth technologies. Healthcare professionals are finding it easier to access patient information and diagnose diseases by using mHealth technology driven apps on smartphones. These apps also help the users in tracking personal health data including allergies and medications. Furthermore, mHealth services also enable the dissemination of essential medical information among healthcare professionals. This is expected to further drive the digital health market in the forthcoming years.

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As per Technavio, the increasing adoption of electronic intensive care unit (e-ICU) models will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect the market growth over 2019-2023.

Global Digital Health Market: Increasing adoption of electronic intensive care unit (e-ICU) models in healthcare industry

The emergence of E-ICU or tele-ICU has allowed specialized doctors in remote locations to monitor patients using two-way cameras, connected devices, and high-speed Internet. Health systems and hospitals are using e-ICUs for round the clock monitoring of patients. In addition, an e-ICU also offers alarms and notifies extra staff in cases of emergencies. Furthermore, data evaluation, medication orders, and interpretation of tests can be performed using e-ICU. As a result, the adoption of digital health solutions is likely to surge during the forecast period due to the growing awareness of the advantages of e-ICU.

“Apart from the emergence of e-ICU, the development of strong partnerships among market participants and the adoption of advanced technologies in the healthcare sector are some other major factors that will boost the market growth during the forecast period,” says a senior analyst at Technavio.

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Global Digital Health Market: Segmentation Analysis

This market research report segments the global digital health market by application (wireless health, mobile health, EHR, telehealth) and geographical regions (North America, Europe, APAC, South America, and MEA).

The North American region led the market in 2018, followed by Europe, APAC, South America, and MEA respectively. During the forecast period, the North American region is expected to maintain its dominance over the global market due to the increased spending on healthcare. High investments in the healthcare sector coupled with the introduction of favorable government policies will contribute to the growth of digital health market during the forecast period.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190920005324/en/