North America Digital Health Market Value to Rise at USD 219.7 bn by 2025

Graphical Research has reported the addition of the “Digital Health Market: North America Industry Analysis and Opportunity Assessment 2019 - 2025" report to their offering.

India - August 23, 2019 /MarketersMedia/ —

Increasing number of smart phone and tablet users in both developing and developed economies will lead to digital health market growth. A survey performed by Pew Research Center in U.S. states that about 75% of the U.S. population currently uses smart phone compared to 35% in 2011. Growing need for efficient and quick access to healthcare services via smart phones will boost digital health market growth in North America.

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According to the Graphical Research new growth forecast report titled “North America Digital Health Market Size By Technology [Tele-healthcare {Telecare, Telehealth}, mHealth {Wearables, Apps}, Health Analytics, Digital Health System], Country Outlook (U.S., Canada), Industry Size, Share, Growth Trends & Forecast, 2018 – 2025”, estimated to exceed USD 219.7 billion by 2025

Growing need for remote patient monitoring services across the region will lead to market growth in the region. To overcome the shortage of physicians, tele-healthcare is predicted to help physicians and patients to use their time effectively. Remote healthcare delivery technologies such as video conferencing have emerged as a promising solution for fewer physicians to patient ratio, thus, leading to North America digital health industry growth.

However, security concerns for critical patient data and high capital expenditure for maintaining digital health network may hamper industry growth in forthcoming years.

mHealth market is forecasted to expand at 37.3% CAGR over the forecast timeframe. Increasing number of smart phone and tablet users along with presence of well-established telecommunications network will boost business growth. Growing demand for healthcare information systems and launch of new mobile applications related to mHealth technologies will further increase demand for mhealth solutions over the forecast period.

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Digital health systems market accounted for 52.3% revenue share in 2018. Increasing adoption rate of electronic health record for efficiently managing clinical data will foster industry growth. Various government initiatives to encourage use of electronic health records across various healthcare facilities will be conducive to business growth.

North America digital health market was led by U.S. digital health market and is estimated to show a positive trend throughout the projection period. Canada digital health business is forecasted to follow U.S. digital health market progressing at 26.9% CAGR throughout the forecast timeframe. Canada spent around 10.4% of the total GDP on healthcare sector in 2014. Healthcare IT spending in Canada is continuously increasing and the trend is anticipated to continue over forecast timeframe. Additionally, favorable demographics such as rising number of smart phone users will highly impact Canada digital health industry growth.

Major market players in North America digital health market are McKesson Corporation, Allscripts Healthcare Solutions Inc., Cisco Systems, Inc., Qualcomm, Philips Healthcare, eClinicalWorks LLC among other industry participants. These market players are undertaking strategies such as technology development and acquisitions to gain market presence and for company expansion.

Browse Table of Contents @ https://www.graphicalresearch.com/table-of-content/1162/north-america-digital-health-market

Segments we cover:

North America Digital Health Market Statistics, By Technology
Tele-healthcare
Telecare
Activity monitoring
Remote medication management
Telehealth
LTC monitoring
Video consultation
mHealth
Wearables
BP monitors
Glucose meters
Pulse oximeter
Sleep apnea monitors
Neurological monitors
Others
Apps
Medical apps
Fitness apps
Health analytics
Digital health systems
Electronic health records (EHR)
e-prescribing systems

Browse key industry insights from this Report @ https://www.graphicalresearch.com/industry-insights/1162/north-america-digital-health-market

Related Reports:

Asia Pacific Digital Health Market size was valued at USD 10.8 billion in 2018 and is expected to witness 34.2% CAGR up to 2025 : https://www.graphicalresearch.com/industry-insights/1164/asia-pacific-digital-health-market

Europe Digital Health Market size was valued at USD 30.0 billion in 2018 and is expected to witness 29.3% CAGR from 2019 to 2025 : https://www.graphicalresearch.com/industry-insights/1163/europe-digital-health-market

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

Contact Info:
Name: Parikhit B.
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Organization: Graphical Research
Website: https://www.graphicalresearch.com/industry-insights/1162/north-america-digital-health-market

Source URL: https://marketersmedia.com/north-america-digital-health-market-value-to-rise-at-usd-2197-bn-by-2025/88911361

Source: MarketersMedia

Release ID: 88911361

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