Digital Health Market

By Author: emrindustry
Total Articles: 266
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According to a recent study from market research firm Graphical Research, the global digital health market size is set to register a significant growth during the forecast timeframe. The healthcare industry in many developed regions is already using technologies like Artificial Intelligence and Machine Learning to deliver enhanced diagnostics and medication processes.

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.

Digital therapeutics are being increasingly used to increase the efficiency of medical procedures and provide accurate diagnosis to patients. Some of the examples of these therapeutics are insulin pumps, wearable gadgets and blood glucose meters. Venture capitalists and other investors have realized the power of healthcare technologies and their impact on the future of medicine. It has resulted in increased investments by them ...
... to encourage the merger of healthcare with IT.

Some noteworthy regional trends enhancing the scope of global digital health industry up to 2027 are mentioned below:

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.
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 industry share is projected to go past $149.7 billion by 2027.