$ 380 Billion growth expected in Global Digital Health Market 2021-2025 | Technavio
NEW YORK, June 23, 2021 /PRNewswire/ -- The digital health market is expected to grow by USD 380 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the digital health market in optimistic, probable, and pessimistic forecast scenarios.
The digital health market is driven by the increasing support for digital health from the governments. In addition, the growing adoption of data analytics in the healthcare sector is expected to trigger the digital health market toward witnessing a CAGR of over 25% during the forecast period.
The digital health market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
Key Considerations for Market Forecast:
Major Three Digital Health Market Participants:
Alphabet Inc.: The company offers a digital healthcare platform that is designed to create a repository of health records and data (personal health record services), in order to connect doctors, hospitals and pharmacies directly.
Apple Inc.: The company offers digital healthcare apps that are built for iPad, iPhone, and Apple Watch. These apps help medical professionals deliver personalized care and keep up with the demands of healthcare organizations to make work faster and more efficient.
Cisco Systems Inc.: The company offers digital healthcare solutions that drive business and clinical continuity with low interest rates and no upfront costs.
With the continuing spread ofthe novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
Gain more insights into the future of the digital health market by requesting a free sample report:
Digital Health Market 2021-2025: Segmentation
Digital health market is segmented as below:
Related Reports on Healthcare Include:
Global Healthcare Information Software Market - Global healthcare information software market is segmented by deployment (on-premises and cloud-based), application (HIS and PIS), and geography (North America, Europe, APAC, South America, and MEA).
Global Digital Pathology Market - Global digital pathology market is segmented by product (digital slide scanner and software) and geography (North America, Europe, Asia, and ROW).
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