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Digital Health Market Growth Forecast at 16.87%CAGR to 2019

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The Global Digital Health Market – Market Research 2015-2019 report says 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.

The digital health market growth is driven by increasing aging population, chronic diseases, healthcare costs, and healthcare regulatory norms, which are fueling the adoption of mobile healthcare technologies. Mobile health is the practice of delivering healthcare with the help of mobile devices such as patient Global-Digital-Health-Marketmonitoring devices, cell phones, and PDAs. Genomics, sensor technology, wireless devices, networks, and the internet are the essential elements of digital health technology. Digital health market 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.

To calculate global digital health market size, this 2015 report considers revenue generated through EMR/EHR, telehealth, medical sensors, and mobile health. These four are the digital health segments based on technology platforms. Commenting on the report, an analyst 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.”

AT&T, Cerner, Cisco, GE, McKesson and Philips are the 6 major companies analyzed in this digital health market 2015 research. Other prominent vendors simply mentioned in the report include 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.

The report, Global Digital Health Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the Americas, APAC, and EMEA; it also covers the landscape of the global digital health market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

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