The digital healthcare market covers a wide range of digital healthcare solutions and technologies that assist individuals, patients, and healthcare providers in daily activities. Digital healthcare solutions include electronic health records, telehealth, healthcare analytics, and digital health systems that help diagnose patients remotely as well as monitor health from anywhere.

The Global Digital Healthcare Market Size is estimated to be valued at US$ 5902.43 Mn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increasing adoption of digitalization and remote patient monitoring services are expected to drive the market growth over the forecast period. Telehealth and remote patient monitoring allow patients to connect with healthcare providers from the comfort of their homes, thereby avoiding non-essential visits to hospitals or clinics. This not only saves travel and waiting time for patients but also reduces healthcare costs significantly. Remote patient monitoring also enables effective management of chronic diseases by continuous monitoring of critical health parameters outside of conventional clinical settings. This is expected to increase demand for digital health solutions that support telehealth and remote patient monitoring.


Segment Analysis

The global digital healthcare market is segmented by product category into electronic health records/electronic medical records, mHealth, health analytics, telehealthcare. The mHealth sub-segment dominates the overall market currently. With the rising adoption of smartphones and growing awareness of self-monitoring health apps, remote patient monitoring solutions, and medical wearables, the mHealth sub-segment is growing at the fastest pace.

Key Takeaways

The global digital healthcare market is expected to witness high growth over the forecast period of 2024 to 2031. The market size for 2024 is projected to reach US$ 5902.43 Mn and register a CAGR of 4.7% during the forecast period.

Regional analysis

North America currently dominates the global digital healthcare market, with the United States being the major revenue contributor. This is attributed to the presence of advanced healthcare infrastructure, higher healthcare spending, favourable government initiatives for digital healthcare adoption. Asia Pacific is expected to witness the fastest growth during the forecast period with China and India emerging as highly lucrative markets. This growth can be attributed to rising healthcare expenditure, growing incidences of chronic diseases, increasing investment by key players.

Key players

Key players operating in the digital healthcare market are AgSource, AgroLiquid, Crop Nutrition Laboratory Services Ltd., Element Materials Technology, SGS Société Générale de Surveillance SA, Eurofins Scientific, Picketa Systems Inc., Spectrum Analytic, Soilscape Solutions, Wallace Laboratories LLC., Ward Laboratories, Inc., Waters Agricultural Laboratories, Inc. Element Materials Technology and SGS are recognized as the market leaders due to their diverse service portfolio and global presence.

Get More Insights Here: https://www.ukwebwire.com/digital-healthcare-market-trends-growth-and-regional-outlook-2023-2030/

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