Market Highlights

The global digital healthcare market is expected to grow at an approximate CAGR of 11.8% during the forecast period, 2018–2023.

The rising demand for wearable medical devices is one of the key factors driving the digital healthcare market. The wearable medical devices are based on the Information Communications Technologies (ICT) network that complements services such as medical and health informatics. These devices create a platform that enables the providers and patients to contact with one another quickly using SMS, calls, or Internet-based video links. In recent years, various devices are launched by market players. For instance, in 2018, Medtronic plc received FDA approval for its Guardian Connect mobile Continuous Glucose Monitor (CGM), along with the paired Guardian Connect App for Apple iOS devices.

Various other factors such as technological advancements, untapped emerging markets, rising incidence of lifestyle diseases, increasing healthcare expenditure, and cost-effectiveness of devices are also expected to propel the growth of the market.

However, the lack of awareness about the possible applications of connected healthcare and increasing cyber crimes can hamper market growth over the forecast period.
Key Players
Some of the key players in the global digital healthcare market are AllScripts Healthcare Solutions, Inc., AT & T, Athenahealth Inc., Biotelemetry, Inc., Cerner Corporation, Cisco Systems, EClinicalWorks, iHealth Lab, Inc., Koninklijke Philips N.V., LifeWatch AG, McKesson Corporation, Qualcomm, General Electric Company, and others.
Key Players
Some of the key players in the global digital healthcare market are AllScripts Healthcare Solutions, Inc., AT & T, Athenahealth Inc., Biotelemetry, Inc., Cerner Corporation, Cisco Systems, EClinicalWorks, iHealth Lab, Inc., Koninklijke Philips N.V., LifeWatch AG, McKesson Corporation, Qualcomm, General Electric Company, and others.

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