The global digital health market value is expected to reach around $511 billion by 2026, according to Acumen Research and Consulting (www.acumenreseachandconsulting.com).
The research group says the global digital health market is expected to rise exponentially in the coming years. The already multi-billion industry is likely to grow at an accelerated pace, as healthcare sector welcomes digitization. Factors such as the advent of mobile health, wireless solutions, and telehealth will foster growth opportunities for the digital health market.
In the coming years, the digital health market is expected to gain pace in response to the rising adoption of mHealth technologies. These are advanced technologies that also help in the self-management of diabetes and other chronic ailments. Taking cue from this, several companies are launching innovative technologies to help in the same, according to Acumen Research and Consulting.
For instance, Glooko was launched specifically to help in the management of diabetes. Similar apps are now increasingly available across smartphones, making it easier for the healthcare professionals and patients alike to keep abreast of the most recent patient information. Development of these technologies is lauded as they are significantly helping in disease diagnosis and monitoring.
Acumen Research and Consulting says these are a few of the chief digital health market trends that are likely to enable growth in the coming years. Bolstering this will be the rising penetration of smartphones, smart devices, and better internet connectivity around the world.
The demand for digital health is rising on account of the increasing need to improving workflow efficiency across hospitals and other healthcare organizations. In addition to this, there is mounting pressure from governments to reduce healthcare costs, while at the same time focus on improving quality of patient care.
Recent advancements in the technology showcased the inclusion of mobile, big data, cloud, and interoperability. Following these developments, a surge in the demand for EHR is observed by Acumen Research and Consulting, subsequently boosting growth prospects for the digital health market. In addition to this, an increasing number of companies are investing in developing innovations in EHR.
The accompanying photo is courtesy of eiu.com.
