Global Digital Health Market Increases 400% in 7 Years

The global digital health market has quadrupled in the seven years since 2020.

Noida, TechnoBusiness Insights (English Edition) • The COVID-19 pandemic is still raging and the attention of everyone around the world is focused on health. Health is really a priority right now.

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Because of this, the healthcare market, including the global digital health market, is currently growing faster than it was before the pandemic.

In fact, the global digital health market, according to estimates by BlueWeave Consulting, a market research and strategic consulting firm based in Noida, India, has quadrupled in the seven years since 2020.

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Because, in 2020, the global digital health market recorded a value of US $ 120.2 billion. By 2027, BlueWeave Consulting projects its value will be US$480.1 billion.

The global digital health market is increasing rapidly because it is also driven by the penetration of smartphones and tablets that are increasingly expanding to remote areas and government policies in many countries.

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In addition, of course also because of the many digital health applications that offer new patterns in buying drugs, making appointments with doctors, and so on.

The big players who are enlivening the global digital health market include Allscripts Healthcare Solutions Inc., BioTelemetry, Cisco Systems, Honeywell International Inc., Koninklijke Philips NV.

There are also McKesson Corporation, Cerner Corporation, CureMD Healthcare, HiMS, Computer Programs and Systems Inc., Vocera Communications, IBM Watson Health, Siemens Healthcare Gmbh, and others.•

Text: TechnoBusiness Insights
Data: BlueWeave Consulting, June 2021
Photo: Satheesh Sankaran/Pixabay

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