Global Digital Medicine Market

PUNE, India - July 5, 2021 - PRLog -- The global digital medicine market accounted for US$ 2.3 billion in 2019 and is estimated to be US$ 18.6 billion by 2029 and is anticipated to register a CAGR of 23.5%.

The report "Global Digital Medicine Market, By Technology (Mobile Health, EMR/HER, Telehealth, and Wireless Health), By Application (Diabetes, Mental Health, Heart Disease, Smoking, Drug Non-adherence, Obesity, COPD, and Asthma),  and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029".

Key Highlights:

• In October 2019, Northwell Health, New York State's largest health system, and Allscripts announced an innovative agreement to create the next-generation electronic health record (EHR). The cloud-based, voice-enabled, artificial intelligence-based EHR will be designed and tested using input from Northwell clinicians, information technology experts, and administrators with the goal of ultimately deploying it systemwide.
• In March 2020, Royal Philips, a global leader in health technology, announced the HealthSuite System of Engagement, an integrated, modular set of standards-based capabilities that support the development of digital health propositions, including new capabilities for cloud-based managed AI workflow and DICOM interoperability.

The rise in the number of health apps

Significant growth in the number of health apps is also one of the factors that have driven the growth of the market. For instance, as per data reported by my health apps blog, as of 2017, there were 325,000 medical, fitness, and health apps in the market. Wherein, health apps endorse effective communication between patients living in remote areas and healthcare providers. However, the usage of mobile devices is growing among physicians.

Key Market Insights from the report:

• By technology, the global digital medicine market is segmented into mobile health, EMR/HER, telehealth, and wireless health.
• By application, the target market is segmented into diabetes, mental health, heart disease, smoking, drug non-adherence, obesity, COPD, and asthma.
• By region, North America led the digital medicine market in the coming years, due to the growing prevalence of the chronic disease. For instance, as per the data published by the National Center for Biotechnology Information (NCBI) in 2018, chronic diseases are among the most widespread and costly health conditions in the United State.

https://www.prophecymarketinsights.com/market_insight/Global-Digital-Medicine-Market-4345

Competitive Landscape:

The prominent player operating in the global digital medicine market includes Allscripts Healthcare Solutions Inc., eClinicalWorks LLC, Philips Healthcare Informatics, Inc., McKesson Corporation, Cisco Systems, Inc., QUALCOMM Incorporated, AT&T Inc., Apple Inc., AirStrip Technologies, Inc., and Cerner Corporation.

Key Topics Covered

1. Introduction

• Study Deliverables
• Study Assumptions
• Scope of the Study

1. Research Methodology
2. Executive Summary

• Opportunity Map Analysis
• Market at Glance
• Market Share (%) and BPS Analysis, by Region
• Competitive Landscape
• Heat Map Analysis
• Market Presence and Specificity Analysis

1. Investment Analysis
2. Competitive Analysis