The widening base of geriatrics across the globe and soaring prices of advanced treatments are prompting healthcare providers to bank on solutions that help patients and ensure improvements in the quality of both social and healthcare systems. This is, thereby, augmenting the demand for digital health solutions. The proliferation of smart devices such as mobile phones and tablets is playing a vital role in the development of the market. Moreover, favorable policies by governments and the increasing investments by players in healthcare information systems are stoking the growth of the global Digital Health Market. The growing popularity of home healthcare services is making a way for the increased demand for remote monitoring services, which in turn is working in favor of the market.
Digital health solutions are cost-effective and enable real-time access to healthcare data. As the demand for healthcare services is continuously rising, the global market for digital health is likely to tread along a notable growth track. A report by Transparency market research (TMR), titled “Digital Health Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024,” provides an immaculate understanding of the trends and opportunities in the market. It includes a comprehensive study of the vendor landscape, which has been derived using tools such as Porter’s five force analysis and market attractiveness analysis.
On the flip side, the high capital investment required for the deployment and maintenance of digital health solutions is inhibiting the growth of the market. Furthermore, privacy and security issues pertaining to these solutions are adversely affecting the growth of the market. Apart from this, the presence of inadequate healthcare infrastructure in developing countries is keeping the market from realizing its utmost potential. However, constant developments in biosensing wearables such as blood pressure, glucose, and diabetes monitors are creating ample of lucrative opportunities for the global digital health market.
Geographically, the report divides the market into Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa. North America will be a key destination for players in the global digital health marketplace, thanks to the presence of developed healthcare infrastructure. The growing prevalence of chronic diseases and rising healthcare spending are also supplementing the growth of the region.
Europe is also anticipated to command a sizeable share in the market. The growth of the region is fuelled by the rapidly growing geriatric population, expanding pool of patients suffering from chronic disorders, and technological advancements in the healthcare information systems. Asia Pacific will register noteworthy growth over the coming years owing to the growing investments in the healthcare IT infrastructure. Some of the prominent companies operating in the global digital health market are McKesson Corporation, AT&T Inc., General Electric Company, and Cisco Systems Inc.
Download a PDF Brochure of Report on Digital Health Market – http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=12473