About digital health
During the last few years, the digital technology has revolutionized several industries such as banking, manufacturing, retail, and telecommunication. These industries have been experiencing several changes in their process and policies impacting the entire eco-system through partners, vendors, suppliers, and most importantly through end-users. The healthcare industry was no different to this trend, witnessing phenomenal changes. This is indicated by the increasing adoption of digital health platforms such as mobile health, telehealth, EMR, and other wireless technologies. Genomics, sensor technology, wireless devices, networks, and the internet are the essential elements of digital health technology. Digital health platforms help healthcare organizations to monitor patients remotely, increase healthcare delivery efficiencies, improve access to electronic health information, and improve the quality of healthcare services, meanwhile reducing costs. It also supports a wide range of healthcare functions such as chronic disease management, clinical decision support, and population health management.
Technavio's analysts forecast the global digital health market to grow at a CAGR of 16.87% over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the global digital health market for the period of 2015-2019. To calculate the market size, the report considers revenue generated through EMR/EHR, telehealth, medical sensors, and mobile health.The market is divided into the following segments based on technology platforms:
Technavio Announces the Publication of its Research Report – Global Digital Health Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Digital Health Market: AT&T, Cerner, Cisco, GE, McKesson and Philips
Other Prominent Vendors in the market are: Abbott, Aerotal, Agfa-Gevaert, Airstrip, Alcatel-Lucent, AMD, Telemedicine, Apple, Bayer, Bosch Healthcare, Cardio Net, Epic Systems, Evolent, Explorys, Hoffmann-La Roche, GlobalMed, Honeywell Life Care, Huawei, LifeScan, Medtronic, Microsoft, OMRON, Polycom, Proteus Digital Health, and Qualcomm.
Commenting on the report, an analyst from Technavio’s team said: “The telemedicine technology has huge potential in rural areas and developing economies such as African countries due to the lack of experienced physicians in these areas. Telemedicine helps in extended therapy where patient communicates with therapists remotely whenever they need a diagnosis or follow-up. Thus, the need for patients to visit hospitals or clinics is reduced.”
According to the report, mobile health is the practice of delivering healthcare with the help of mobile devices such as patient monitoring devices, cell phones, and PDAs. Growing aging population, chronic diseases, healthcare costs, and healthcare regulatory norms are fueling the adoption of mobile healthcare technologies.
Further, the report states that lack of infrastructure in the developing economies hinders the expansion and reachability of healthcare services through digital technologies.
AT&T, Cerner, Cisco, GE, McKesson, Philips, Abbott, Aerotal, Agfa-Gevaert, Airstrip, Alcatel-Lucent, AMD, Telemedicine, Apple, Bayer, Bosch Healthcare, Cardio Net, Epic Systems, Evolent, Explorys, Hoffmann-La Roche, GlobalMed, Honeywell Life Care, Huawei, LifeScan, Medtronic, Microsoft, OMRON, Polycom, Proteus Digital Health, Qualcomm.
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