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Digital Health Market Forecasts Study 2027 | Revenue, Opportunity and Key Players Outlook

North America digital health market size is anticipated to expand at 16.2% CAGR through 2027. The U.S. has enacted the Affordable Care Act (ACA) that will play a significant role in the development of digital health solutions in the country.


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Sudeep Kedar

6 days ago | 5 min read
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Digital Health Market is expected to grow significantly By
2027.  These technologies are known to
increase the patient engagement rate as patients are involved in the medical
decision-making processes that would alter their way of living in some ways.
Patients across the world are getting world-class treatments, thereby improving
their overall experience with doctors and other staff members.

A major reason for this being the higher adoption of
cutting-edge technologies to make healthcare facilities more accessible and
accurate in their functioning. The healthcare industry in many developed
regions is already using technologies like Artificial Intelligence and Machine
Learning to deliver enhanced diagnostics and medication processes.


Use of software components in North America:

North American consumers will see increased use of software
components in the regional digital health industry. Some of the software
solutions include mobile health (mHealth) apps, electronic health records
(EHRs), and telehealth, among others.

Access sample pages of the report, “North America Digital Health Market Forecasts 2027” in detail along with the table of contents (ToC) @  
https://www.graphicalresearch.com/request/1162/sample

North America digital health industry size is anticipated to
expand at 16.2% CAGR through 2027. The U.S. has enacted the Affordable Care Act
(ACA) that will play a significant role in the development of digital health
solutions in the country. The main aim of ACA is to improve the overall quality
of healthcare services and lower the cost of medical insurance with the help of
technology. Computer modelling technology will help the authorities closely
track healthcare expenditure in the country, thereby raising the demand for
digital health software.

mHealth apps enhance U.S. digital health market forecast:

US digital health market is expected to expand at a robust
16.3% CAGR through 2027. Chronic disease cases like cancer are becoming
prevalent among people in the country. mHealth apps are finding high demand
among customers as they help them keep a good track of their medical and fitness
needs. Hospitals in the US are extensively using digital health technologies
like Electronic Health Records (EHRs) to help the staff keep proper records of
the medical history of their patients.

Digital healthcare companies like Allscripts Healthcare
Solutions Inc., eClinical Works, Cisco Systems, AdvancedMD Inc., McKesson
Corporation, Cerner Corporation and AT&T have started creating advanced
digital health products and services to offer convenience to medical
professionals and patients alike.

Digital health technologies are becoming a rage among
customers across the world because of the sheer convenience they offer to both
the hospitals and patients for conducting various medical procedures. As
information technology is being incorporated in the healthcare sector,
investors have slowly started seeing the power of technology in transforming
the healthcare services, prompting them to increase their investments.

Telehealth solutions rise in Europe:

Telehealth solutions segment captured nearly 58.4% of Europe
digital health market share in 2020. This share is expected to grow in the
future because chronic ailments are rising at an alarming rate in the region.
Remote video technology is being extensively adopted to make the interactions
between medical professionals and patients easier. Digital health solutions
have augmented patient engagement rate to a great extent.

Growing geriatric population prompts digital health use in Europe:

A large percentage of the population in Europe is aged 65
years and above. This makes them highly prone to many complex diseases like
diabetes, kidney ailments and other disorders. Since the elderly cannot always
commute to far-off places for their treatments, digital health services will be
highly demanded by them.

Access sample pages of the report, “Europe Digital Health Market Forecasts 2027” in detail along with the table of contents (ToC) @   https://www.graphicalresearch.com/request/1163/sample

These services facilitate remote monitoring of a patient’s
response to various treatments. Governments across the EU are promoting the use
of digital health facilities through various initiatives and are improving the
current digital infrastructure to help consumers get easier access to virtual
healthcare services. Europe digital health market share is projected to go past
$149.7 billion by 2027.

Chronic diseases foster Germany digital health market forecast:

Since Germany has a majorly geriatric population, the
chances of contracting chronic diseases is high in the country. In fact, the
national digital health market is expected to be valued at $47.6 billion by
2027. The nation’s parliament passed the Digital Health Care Act in 2019 to
bring positive and advanced changes in its healthcare facilities. This move by
the government enabled the digital health service providers to reach rural
areas and offer healthcare solutions. The introduction of online health
platforms has made it much easier for patients to pay their medical bills
online and claim their financial reimbursements.

Telehealth services become popular in Asia Pacific:

While various healthcare technologies are widely used for
different purposes, telehealth services will gain traction among consumers in
Asia Pacific. Remote monitoring services are increasing in demand to offer
convenience to customers who live in far-off locations. Many people in the
region are becoming aware about the concept of telehealth, which basically uses
telecommunication technologies to provide remote healthcare services to
customers. These aspects have played a crucial role in estimating the total
valuation of APAC digital health market, which is expected to surpass $74
billion by 2027.

Access sample pages of the report, “Asia Pacific Digital Health Market Forecasts 2027” in detail along with the table of contents (ToC) @  
https://www.graphicalresearch.com/request/1164/sample

Many nations across APAC region placed movement restrictions
and lockdowns to prevent the spread of the COVID-19 virus. This has increased
the use of telehealth services to provide treatment solutions to patients via
video conferencing and mobile applications.

Digital health hardware demand grows in Asia Pacific:

Asia Pacific digital health market share from hardware
components segment will record a CAGR of 24.7% between 2021-2027. Digital health
services are being extensively used by more and more people in the region.
Hardware or digital therapeutics like wearable devices are finding robust
demand among customers in Asia Pacific. Companies in regional nations are
increasing their focus on developing smart and high-end wearable technologies.
Medvivo announced its plans to launch COVID Oximeter and Virtual Wards in April
2021. These devices will be used to closely monitor the progress of COVID-19
patients.

Japan digital health market grows significantly:


Japan digital health market size is expected to grow at a
commendable rate as online healthcare services are being heavily adopted by
consumers. Treatments with the help of medical apps are growing at a steady
rate in the country. The nation’s government has increased its funding towards
the promotion of digital healthcare services. For example, it launched its
Honebuto plan that will help customers avail medical services through online
mediums. Japan has strong rules and laws regarding digital health services like
the pharmacist’s act, the medical practitioner’s act and gene testing that
encourage the use of virtual healthcare services.

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