The discipline in healthcare domain includes making optimal use of information along with the communication technologies that helps in addressing the health issues and the challenges witnessed by the patients under treatment. The technologies involved in digital healthcare comprise both software and hardware services and solutions, such as wearable devices, telemedicines, virtual reality, and augmented reality. In general, digital health is all concerned about the development of all the interlinked health systems for improvement of the use of computational analysis techniques, and communication media to help the medical professionals and their patients in managing their disorders, health condition, and numerous prevent potential risks.
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Some of the players profiled in the study are Allscripts (United States), AT & T (United States), LifeWatch Services Inc. (United States), McKesson (United States), Qualcomm (United States), Koninklijke Philips N.V. (Netherlands), Cisco Systems (United States), Cerner (United States), Biotelemetry (United States) and IBM (United States)
The mobile medical apps and software help in clinical decisions doctors with the help of artificial intelligence and machine learning, other digital technology. WHO is revealed that global experts to are helping healthcare organization’s roadmap by developing their digital health ecosystem. Recently, the WHO Digital Health Technical Advisory Group met for the first time to discuss on the ethical and equitable use of digital technologies, to serving communities advantage from proven and cost-effective digital health solutions. According to our study, the developed regions are highly investing on digital healthcare. As in FY 2018, the United States region spends nearly about USD ~3.7 billion.
Hence, the increasing number of benefits offered by digital healthcare is spreading across the globe and its implementation is increasing for more additional advantages. But, despite these many benefits of digital heal systems, digital healthcare might also offer few challenges like the potential privacy defiance of one’s personal health and its role in digital health could eventually play in increasing digital and health divide among the minority and majority groups. Since the 1990, electronic medical records are on the rise and hence, it is closely associated with the presence of the global healthcare. Digital health is multi-disciplinary field comprising numerous stakeholders like researchers, scientists, clinicians along with many experts in medical, social sciences, engineering, health economics, public health, data management, and more.
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Market Growth Drivers
- Growing Demand for the Advance Health Service for End Users from All Governments
- Advancement in Technology Platforms
- Rise in Public and Private Partnership for the Emerging Digital Health Technologies
- Advancement in technology such as health information technology (IT), wearable devices, telehealth and telemedicine, and personalized medicine. These technologies help in empowering consumers to make better-informed decisions for their health. And it also provides various options for facilitating prevention, early diagnosis of life-threatening diseases.
- Huge Investment Required
- Lack of Professional Expertise
Digital healthcare technologies are today available in several varieties and are extended in multiple forms of healthcare. As modern technologies are being launched and introduced by designing companies, digital healthcare as a field also transforms. The three key popular domains of digital healthcare include the wearable technologies, telemedicine, and augmented and virtual reality. Wearable technologies are the use of different devices that can be worn on different body parts for tracking, maintaining, and monitoring record of the patient health. These devices are connected to the smart phones that help patient’s physicians to understand their health condition in a better way. Telemedicine refers to how the doctors treat patients on the remote manner and unique technologies required to make the process faster and more efficient.
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1. Better health with smart phones:
Around 60% people have fitness trackers or medicinal condition related applications in their smart phones. The popularity of these applications is assisting patients as well as doctors to record their physical activity and track their nutrient intake.
2. Healthcare will transform with wearable devices and smart phone
Digital health makes use of wearable devices, informatics, artificial intelligence, and associated cybernetic technologies in order to achieve the essential improvements in tracking health, diagnosing disease, managing and monitoring long-term diseases, and transforming the medical delivery system.
3. Use of AI for better health but with a challenge
The health analytics using AI are most suitable for enormous data sets, such as pathology test samples and medical images. They also offer accurate diagnosis and clearer understanding of individual health of huge population.
4. Extraordinary improvements in digital healthcare are ruling the globe
While most innovations are still in early years, digital healthcare assures few really stunning and promising improvements.
Table of content :
- 1. Market Overview
- 1.1. Introduction
- 1.2. Scope/Objective of the Study
- 1.2.1. Research Objective
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Growing Demand for the Advance Health Service for End Users from All Governments
- 3.2.2. Advancement in Technology Platforms
- 3.2.3. Rise in Public and Private Partnership for the Emerging Digital Health Technologies
- 3.3. Market Challenges
- 3.3.1. Slowdown in Economy
- 3.3.2. Lack of Awareness in Under Developing Regions
- 3.4. Market Trends
- 3.4.1. Advancement in technology such as health information technology (IT), wearable devices, telehealth and telemedicine, and personalized medicine. These technologies help in empowering consumers to make better-informed decisions for their health. And it also provides various options for facilitating prevention, early diagnosis of life-threatening diseases.
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Digital Healthcare, by Application, Services
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