Digital Health Technologies Market Size, Application Potential, By Product, 2020-2026

Global Digital Health Technologies Market is expected to rise from its initial estimated value of USD 44.32 billion in 2018 to an estimated value of USD 62.07 billion by 2026, registering a CAGR of 4.3% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase in the number of smartphone users.

Global Digital Health Technologies Market By Technology (Tele-healthcare, mHealth, Health Analytics, Digital Health Systems), Product (Wearable Devices, Healthcare Information Systems), Component (Software, Hardware, Services), End User (B2B, B2C), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

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According to U.A.E's National Health Insurance Company, there were 325,000 health apps available in 2017, and approximately 3.6 billion apps were downloaded by the users in the same year across the world. This significant number is act as a market growth.

Digital health technology is the blend of digital and genomic technologies. These technologies are used for health and healthcare to enhance the efficacy of healthcare delivery, to make medicines more precise and efficient. These technologies include hardware and software, as it is concerned with the development of interconnected health systems to improve the use of computational technologies.

Market Drivers

· Adoption of m-health technologies for health monitoring, this act as a driver of the market.

· Technological advancements in Healthcare IT, this act as a driver of the market.

Market Restraints

· High expenditure and maintenance requirement, this act as a restraints of the market

· Safety concerns regarding management data, this act as a restraints of the market

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Key Developments in the Market:

· In Qualcomm Technologies International announced that they get support for the Google Assistant and Google Fast Pair on the Qualcomm® Smart Headset Platform.

· In April 2018, Koninklijke Philips N.V. and Digital Health China introduced SHINEFLY, a tele-radiology application and services platform, which offers customizable, scalable cloud-based solution for image management to store, view, retrieve, and analyze medical images, remotely.

Few of the major competitors currently working in the digital health technologies market are Koninklijke Philips N.V. (Europe), AT&T Intellectual Property. (US), Cerner Corporation (US), Athenahealth (US), Qualcomm Technologies, Inc. (US), BioTelemetry, Inc (US), McKesson Corporation (US), eClinicalWorks, Agfa-Gevaert Group (US), Allscripts (US), Epic Systems Corporation (US), GENERAL ELECTRIC (US), Abbott (US), CardioNet (US), Bosch Healthcare Solutions GmbH (Germany), Bayer AG (Germany), F. Hoffmann-La Roche Ltd (Switzerland), Johnson & Johnson Services, Inc., GlobalMed (US), Huawei Technologies Co., Ltd. (China), OMRON Corporation (Japan), among others.

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