The Global Digital Health Market is relied upon to ascend at an extensive rate in response to rising prevalence of chronic diseases. Fortune Business insights in its new report titled “Digital Health Market: Global Market Analysis Insights and Forecast2018 – 2025” predicts that North America is likely to show attractive growth opportunities during the forecast period.
This is primarily on account of the presence of advanced healthcare and medical infrastructure in North America. Presence of a large number of well-established players in this region is likely to continue boosting the market in North America. Besides North America Europe and Asia Pacific are also expected to grow at a significant rise in the upcoming years. Rising level of digital knowledge in the U.K. is expected to drive the market.
Some of the major companies that are present in the global market are;
- GENERAL ELECTRIC COMPANY
- Cerner Corporation
- McKesson Corporation
- Diabetizer GmbH & Co. KG
- Dimensional InsightInc.
- Siemens AGQualcomm Life
- 3MIBM CorporationInc.
- Koninklijke Philips N.V.
- NVIDIA Corporation
- Next IT Corp.
- Change Healthcare
- LifeWatchNike Inc. and others.
Growth Strategies Adopted by Companies to Aid Expansion
The global market covers several players demonstrating a competitive vendor landscape. Among these the leading players are working continuously to expand their product portfolio and strengthen position in the digital healthcare market. Some of the leading companies operating in the global digital health market are Allscripts Healthcare Solutions Inc.Agfa-Gevaert N.V.Truven Health Analytics McKesson Corp.GE HealthcareCerner Corp.Cisco Systems Inc.Philips HealthcareNetApp. Siemens Healthineers and Qualcomm Inc. In the near future these companies are anticipated to engage in strategic partnerships mergers and acquisitions and agreements to increase their share in the market. Also these initiatives are adopted to gain a competitive edge in the global digital health market.
Rapid Adoption of mHealth Technologies Drives the Market
The Global Market is driven by several factors. “Rising number of government initiatives aimed at promoting digital health solutions will enable growth in the market,” said a lead analyst at Fortune Business insights. “In the coming years the market is estimated to benefit from the uptake of IT in the medical industry,” he added. With the increasing use of smartphones across the world the demand for digital health services is growing owing to the rising adoption of mhealth apps.
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