Digital Health Market by Players | BioTelemetry Inc, eClinicalWorks, Allscripts Healthcare Solutions

CHICAGO - Oct. 19, 2022 - PRLog -- The digital health market is projected to grow at a CAGR of 16.5%, with estimated market size of USD 194.1 billion in 2021 and USD 485.3 billion by 2028. Rapid digitalization adoption in health services significantly drives market revenue. Big data analysis, the Internet of Things (IoT), artificial intelligence (AI), increased health spending by governments globally, the quick acceptance of digitalization in health services, and a surge in new startups are all factors influencing the market's revenue growth. Furthermore, digital health technologies, which drive the market's revenue growth, can also be used by patients and consumers to manage and monitor their wellness- and health-related routines.

Services component is estimated to be the largest growing market category during the forecast period

The growth is attributed to the demand for various services, including installation, training, personnel, maintenance, and other similar services. Market participants offer these services either singly or as part of bundles. The demand for more sophisticated software platforms and solutions, such as electronic medical records, as well as the rising cost of the upgrades and training needed to use these software solutions, is boosting the services market.

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Key Market Players

The digital health market is dominated by a few global players and comprises several regional players. Some key manufacturers operating in the market are BioTelemetry Inc, eClinicalWorks, Allscripts Healthcare Solutions Inc, iHealth Lab Inc, AT & T, Honeywell International Inc, Athenahealth Inc., Cisco Systems, McKesson Corporation, Koninklijke Philips N.V., AdvancedMD Inc. and Cerner Corporation.

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Segmentation of Global Digital Health Market :

Global Digital Health Market – By Component

Software
Hardware
Services

Global Digital Health Market – By Technology

Telehealthcare
Telehealth
Video Consultation
LTC Monitoring
Telecare
Remote Medication Management
Activity Monitoring
mHealth
Apps
Wearables
Digital Health Systems
E-prescribing Systems
Electronic Health Records
Health Analytics