Digital Health Market in Asia Expected to Grow at 27.6% CAGR During 2016 - 2022: P&S Market Research

Jun 09, 2016, 09:30 ET from P&S Market Research Pvt Ltd

NEW YORK, June 9, 2016 /PRNewswire/ --

According to market research "Global Digital Health Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Technology (Digitized Health System, Telemedicine, mHealth, Health Analytics and Others)" by P&S Market Research, the global digital health market, valued at $76,723.8 million in 2015, is expected to grow at a CAGR of 21.0% during 2016-2022. The mHealth segment of the global digital health market is expected to witness the fastest growth, a CAGR of 34.0% during the forecast period.

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The global digital health market is growing at a significant rate, due to growing demand for advanced healthcare information system, and growing investment by healthcare information technology (HIT) players. The growing need for remote patient monitoring services, increasing support from government organizations and growing demand for mHealth technologies are also driving the growth of the global digital health market. However, the factors such as privacy and security issues, inadequate healthcare infrastructure in developing economies, and high capital expenditure and maintenance requirement are inhibiting the growth of the global market.

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Digital health technologies, such as electronic health records (EHR), digital diagnostic systems, and wireless technologies comprises a range of data including patient history, immunization dates, medication, allergies, diagnosis, radiology images, laboratory and test results, insurance information, and treatment plans. Moreover, the digital health technologies help to improve communication between patients and healthcare providers to reduce medical errors for better coordinated care. These technologies also help to share information with other healthcare organizations and providers, such as medical imaging facilities, emergency facilities, laboratories, clinics, and pharmacies.

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Geographically, North America dominated the global market of digital health in 2015; whereas the Asia market is expected to witness the fastest growth at a CAGR of 27.6%, during the forecast period.

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Some of the key companies operating in the global digital health market include AT&T Inc., Cerner Corporation, Cisco Systems Inc., General Electric Company, McKesson Corporation, Koninklijke Philips N.V., Qualcomm Incorporated, eClinicalWorks, Allscripts Healthcare Solutions Inc., athenahealth Inc., and Epic Systems Corporation.

Global Digital Health Market Segmentation 

By Technology 

  • Digitized Health System
  • mHealth
  • Telemedicine
  • Health Analytics

By Geography 

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia
    • Japan
    • China
    • Rest of Asia
  • Rest of the World (RoW)

Browse Other Published Reports by P&S Market Research 

Global mHealth Market -

Global Electronic Health Records (EHR) Systems Market -

Global Telemedicine Market -

About P&S Market Research 

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

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