Digital Health Market Projected to Reach $285.8 billion by 2022

According to a research report published by P&S Intelligence, the global digital health market size is projected to reach $285.8 billion by 2022, growing at a CAGR of 21.0% during the forecast period. The global digital health market is growing at a significant rate, due to growing demand for advanced healthcare information system, and growing investment by healthcare information technology (HIT) players. The growing need for remote patient monitoring services, increasing support from government organizations and growing demand for mHealth technologies are also driving the growth of the global digital health market.


Digital health technologies, such as EHR, telehealth and mobile health, helps in compiling services related to diagnosis, treatment, care, and rehabilitation. They improve communication between patients and healthcare providers, in order to reduce medication errors, and provide better coordinated care. Moreover, an integrated digital health system helps to improve healthcare quality by enabling computerizing patient safety practices, clinical decision making, and reducing the rational burden of practitioners.

Healthcare system has been fragmented across the globe, i.e. there are several decision makers for the treatment of an individual with particular illness. Lack of coordination among healthcare professionals and patients has negatively impacted the quality of healthcare and its cost, which led to the fragmentation of healthcare information (such as diagnosis, medical history, patient demographics, billing, and administrative data). This in turn derived the need for an advanced integrated health care system.


The digital health market in Asia is growing, due to growing geriatric population and surge in the occurrence rate of different chronic diseases. Additionally, the increased patient demand and increasing life expectancy are likely to increase IT investments in the healthcare industry in the region. In terms of technology, the improving healthcare infrastructure, increasing adoption of smartphones, and favorable government supports, such as investments and grants, has fueled the growth of the medical sensors and mHealth market in the region.

Some of the key companies operating in the global digital health market include Cerner Corporation, AT&T Inc., Cisco Systems Inc., General Electric Company, McKesson Corporation and Koninklijke Philips N.V.

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