Global Digital Health Market 2018-2022
About Digital Health
Digital health is the use of IT and genomic technologies in the healthcare industry to increase the efficiency of healthcare delivery and to make medicines more personalized and precise for better treatments.
Technavio’s analysts forecast the global digital health market to grow at a CAGR of 18.02% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global digital health market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Digital Health Market 2018-2022
Technavio recognizes the following companies as the key players in the global digital health market: Cerner, GENERAL ELECTRIC, IBM, Koninklijke Philips, and Siemens.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is use of AI in digital health. AI helps make the output of medical equipment smarter and publishing the results quicker. Medical professionals get more efficient diagnosis charts and informed insights by using AI.”
According to the report, one driver in the market is increase in the number of M&A activities in the market. For instance, GENERAL ELECTRIC acquired Monica Healthcare and expanded its digital matemal-infant care offerings. It has been observed that the increase in such M&A activities and technological innovations is positively influencing the need for healthcare technology and digital health and wellness.
Further, the report states that one challenge in the market is threat of open-source service providers. The global digital health market is flooded with the presence of open-source vendors that provide a wide range of digital health solutions. A combination of multiple products from several open-source vendors can offer almost all the functionalities provided by proprietary on-premises and cloud-based digital health solution providers.
Cerner, GENERAL ELECTRIC, IBM, Koninklijke Philips, and Siemens.
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