– Increase in use of digital health products by insurance
companies and hospitals is fueling sales prospects in the global
digital health market

– Collaboration between IT companies and researchers &
innovators is projected to help gain proficiency in early detection
of mental disorders and reduce requirements of surgical
interventions

ALBANY, N.Y., Feb. 2, 2022 /PRNewswire/ — The global digital
health market is estimated to expand at a CAGR of 18.3% during the
forecast period from 2021 to 2028, according to a study by
Transparency Market Research (TMR).

Advancements in certain segments of the healthcare industry,
including electronic health records (EHRs) are projected to favor
the growth of the global digital health market in the upcoming
years. Several IT companies are collaborating with research &
industrial systems engineering organizations in order to introduce
technological advancements in EHR systems. Furthermore, government
authorities of many countries around the world are incentivizing
different IT firms that are working to advance EHRs.

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Health insurance companies are required to provide health data
to their customers at the start of the year. As a result, they are
increasing the use of EHR systems, which, in turn, is driving the
global digital health market. Moreover, many companies operating in
the global market are focusing on the development of highly
advanced EHR mobile apps, which can be easily used by insured
persons to access their health data.

Major players in the global digital health market are engaged in
development, regulatory approvals, and launch of technologically
advanced products. Moreover, several companies are using strategies
of collaborative agreements and acquisitions in order to maintain
their leading position in the global digital health market.

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Digital Health Market: Key Findings

• Players in the digital health market are focusing on the use of
  medical deep learning techniques in order to foresee potential
  risks of Parkinson’s disease and dementia in people. Besides,
  several new entrants are increasing focus on the medical artificial
  intelligence (AI) to diagnose potential disease patterns in
  patients.
• Many healthcare organizations are collaborating with
  researchers in order to work on projects that are focused on the
  use of medical AI to study non-invasive connections between
  different parts of the human brain and identify mental disorders at
  early stage
• Mental health doctors are depending on key data from wearable
  devices while studying illness of a patient. This factor is
  creating sizable revenue streams for enterprises operating in the
  global digital health market.

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Digital Health Market: Growth Boosters

• Surge in cases of cardiovascular diseases, diabetes, and other
  chronic disorders is offering promising business prospects in the
  global digital health market
• Rising trend of paid video consultations using latest
  technologies such as telemedicine is creating lucrative prospects
  in the global digital health market

Digital Health Market: Regional Analysis

• The market is prognosticated to gain sizable business
  opportunities in North America and
  Europe, owing to many factors such
  as rise in investments in the digital health market through merger
  & acquisitions, funding, and government funding. Moreover,
  technological advancements in these regions are anticipated to play
  a key role in market growth in these regions.
• The Asia Pacific digital
  health market is expected to observe promising growth avenues
  during the forecast period, owing to rise in adoption of digital
  health products in many developing countries such as Australia, India, and New
  Zealand along with increase in penetration of Internet and
  smartphones in the region

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Digital Health Market: Key Players

Some of the key players profiled in the report are:

• Cerner Corporation
• Agfa-Gevaert N.V.
• McKesson Corporation
• Allscripts Healthcare Solutions, Inc.
• GE Healthcare
• Philips Healthcare
• Epic Systems Corporation
• Siemens Healthineers
• Alphabet, Inc.
• Truven Health Analytics (an IBM Company)
• Qualcomm, Inc.

Digital Health Market Segmentation

Product Type     

• Healthcare Information Systems
• Wearable Devices

Component        

• Hardware
• Software
• Services

End-user   

Region       

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Modernization of healthcare in terms of both infrastructure
and services have pushed the healthcare industry to new heights,
Stay Updated with Latest Healthcare Industry Research
Reports by Transparency Market Research:

mHealth Market: The global mHealth market is expected to witness
massive growth rate in the coming years of the forecast period. For
one, the outbreak of the COVID-19 pandemic has become a catalyst
for the development of the global market. In last few years,
digitalization has been a key factor of innovation across almost
all industries, particularly in the healthcare segment.

Health Care Information Systems Market: The healthcare
information systems market has progressed from being in a nascent
phase in the 80s to a thriving market in recent years due to
quicker adoption rates of healthcare information systems and demand
for them from large as well as smaller health care organizations.
Digitization of health care records has created a far more
informed, innovative, and personalized care paradigm.

Healthcare Informatics Market: Companies in the healthcare
informatics market are focusing on AI-enabled platforms and robust
genomic sequencing capabilities to advance clinical research and
personalized patient care. Unique clinical insights from a pool of
vast database can contribute to innovative solutions in cancer
care.

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