Technavio has been monitoring the digital health market and it is poised to grow by 207.34 bn during 2020-2024, progressing at a CAGR of over 20% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Digital Health Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
- What are the major trends in the market?
Increasing support for digital health from the governments is a major trend driving the growth of the market. - At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 18.98% and the incremental growth of the market is anticipated to be 207.34 bn. - Who are the top players in the market?
Alphabet Inc., Apple Inc., Cisco Systems Inc., General Electric Co., International Business Machines Corp., Koninklijke Philips N V, McKesson Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., and Siemens Healthineers AG,. are some of the major market participants. - What is the key market driver?
The increase in the number of M&A activities is one of the major factors driving the market. - How big is the North America market?
The North America region will contribute 45% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., Apple Inc., Cisco Systems Inc., General Electric Co., International Business Machines Corp., Koninklijke Philips N V, McKesson Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., and Siemens Healthineers AG are some of the major market participants. The increase in the number of M&A activities will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Digital Health Market 2020-2024: Segmentation
Digital Health Market is segmented as below:
- Application
- Wireless Health
- Mobile Health
- EHR
- Telehealth
- Geography
- North America
- Europe
- APAC
- South America
- MEA
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Digital Health Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The digital health market report covers the following areas:
- Digital Health Market Size
- Digital Health Market Trends
- Digital Health Market Industry Analysis
This study identifies the increasing support for digital health from the governments as one of the prime reasons driving the digital health market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Digital Health Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist digital health market growth during the next five years
- Estimation of the digital health market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the digital health market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of digital health market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Wireless health Market size and forecast 2019-2024
- Mobile health Market size and forecast 2019-2024
- EHR Market size and forecast 2019-2024
- Telehealth Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- APAC Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume driver Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Alphabet Inc.
- Apple Inc.
- Cisco Systems Inc.
- General Electric Co.
- International Business Machines Corp.
- Koninklijke Philips N V
- McKesson Corp.
- Qualcomm Inc.
- Samsung Electronics Co. Ltd.
- Siemens Healthineers AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200904005109/en/
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