Sellbyville, DE -- (SBWIRE) -- 05/22/2019 -- The Digital Health Market is set to exceed USD 504.4 billion by 2025; according to a new research report by Global Market Insights. Increasing demand for remote monitoring services owing to rising incidences of chronic diseases worldwide is a major factor propelling the global market growth over the forecast period. Remote monitoring uses technology to monitor changes in health of patients suffering from chronic diseases such as Chronic Obstructive Pulmonary Disease (COPD) outside the healthcare settings. Such factors will augment digital healthcare market size.

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Presence of favorable government initiatives and funding in various countries for adoption of digitalized systems is set to fuel digital health industry growth over the coming years. For instance, Health Information Technology for Economic and Clinical Health (HITECH) Act, implemented in the U.S. providing USD 20 billion to hospitals and doctors to support their installation of EHRs is expected to fuel business growth in the coming years.

Tremendous rise in the penetration of smartphones, tablets and other mobile apps among physicians to track and access to medical information will further favor industry expansion. Furthermore, growing adoption of various healthcare IT solutions by healthcare providers to meet the heightened regulatory requirements for patient care and safety will augment digital health industry growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- McKesson Corporation
- AT&T
- Cerner Corporation
- Cisco
- athenahealth
- Qualcomm
- Allscripts
- BioTelemetry, Inc.
- eClinicalWorks
- iHealth Labs
- LifeWatch Services, Inc.

Digital health systems technology business is estimated to reach USD 156.9 billion USD by 2025 due to increased adoption of advanced technology such as and Electronic Health Record (EHR) and Radiology Information System (RIS) in hospitals that reduces timeline for medical documentation and aids in investing efforts for diagnostic procedures. Supportive government initiatives along with rapidly improving IT infrastructure are some of the factors that positively impact industry growth.

mHealth business segment is expected to grow at a robust 38.8% CAGR across the forecast timeframe. High growth is attributable to rising adoption of technological advancements including wearables and apps to monitor health of patients. Wearables such as pulse oximeters, blood glucose monitors, sleep apnea monitors have wide range applications including disease tracking, treatment and diagnosis, point of care diagnostic, remote data collection & remote monitoring. For instance, AliveCor Heart Monitor is a mobile-based electrocardiogram that enables individuals to gain clear insights on their cardiac health using these precise recordings.

Prohibitive cost associated with installations of technologically advanced systems coupled with high threat of data security concerns will hamper digital health business growth. Electronic health records (EHR) business is estimated reach USD 139.4 billion by 2025. Ability of these systems to exchange health information electronically to provide improved patient care are major factors contributing towards business growth. These systems enable providers to more effectively diagnose patients, reduce medical errors, and provide safer care to patients with better communication will further escalate segmental growth over the coming years.

Digital Healthcare Market by Technology

Telehealthcare
1 Telecare
2 Activity Monitoring
3 Remote Medication Management
4 Telehealth
5 LTC Monitoring
6 Video Consultation

mHealth
1 Wearables
2 BP Monitor
3 Glucose Meter
4 Pulse Oximeter
5 Sleep Apnea Monitors
6 Neurological Monitors

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Chapter 1. Methodology

1.1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary

Chapter 2. Executive Summary

2.1. Digital health market industry 3600 synopsis, 2014 - 2025
2.1.1. Business trends
2.1.2. Technology trends
2.1.3. Regional trends

Chapter 3. Digital Health Market Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2025
3.3. Industry impact forces

3.3.1. Growth drivers
3.3.1.1. Increasing use of smartphones, tablets, and other mobile platforms
3.3.1.2. Rapidly moving healthcare IT infrastructure in industrialized nations
3.3.1.3. Favorable government initiatives in U.S. and European region
3.3.1.4. Rising demand for remote patient monitoring services
3.3.1.5. Growing venture capital investments

3.3.2. Industry pitfalls & challenges
3.3.2.1. Security concerns regarding patient data
3.3.2.2. High capital expenditure and maintenance requirement

Chapter 4. Digital Health Market, By Technology

4.1. Key segment trends

4.2. Telehealthcare
4.2.1. Market size, by region, 2014 – 2025 (USD Million)
4.2.2. Telecare
4.2.2.1. Market size, by region, 2014 – 2025 (USD Million)
4.2.2.2. Activity monitoring
4.2.2.2.1. Market size, by region, 2014 – 2025 (USD Million)
4.2.2.3. Remote medication management
4.2.2.3.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.3. Telehealth
4.2.3.1. Market size, by region, 2014 – 2025 (USD Million)
4.2.3.2. LTC monitoring
4.2.3.2.1. Market size, by region, 2014 – 2025 (USD Million)
4.2.3.3. Video consultation
4.2.3.3.1. Market size, by region, 2014 – 2025 (USD Million)

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Data Tables

TABLE 1. Digital health industry 3600 synopsis, 2014 – 2025
TABLE 2. Global digital health market size, 2014 - 2018, (USD Million)
TABLE 3. Global digital health market size, 2019 - 2025, (USD Million)
TABLE 4. Global digital health market size, by technology, 2014 - 2018 (USD Million)
TABLE 5. Global market size, by technology, 2019 – 2025 (USD Million)
TABLE 6. Global digital health market size, by region, 2014 - 2018 (USD Million)
TABLE 7. Industry impact forces
TABLE 8. Telehealthcare market size, by region, 2014 – 2018, (USD Million)
TABLE 9. Telehealthcare market size, by region, 2019 – 2025, (USD Million)
TABLE 10. Telecare market size, by region, 2014 – 2018, (USD Million)