Digital health is defined as the interaction between healthcare systems and technology. It implements digital health transformation in the healthcare sector by incorporating software, hardware, and services. It provides various opportunities to accelerate the process towards achieving the health and well-being associated with the Sustainable Development Goals.
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Digital health market is expected to grow due to increase in prevalence of cardiovascular disease, increase in demand for software in healthcare sector and increase in number of internet users. Additionally, the growing demand for remote monitoring services has led to the development of innovative technologies in the healthcare sector, fueling the market growth.
Moreover, the initiatives taken by the government for the development of the information technology sector and the increase in the number of smartphone users are the major factors driving the market growth. Moreover, increasing expenditure in the healthcare sector and increasing number of funding for various healthcare startups are fueling the market growth. Additionally, rise in demand for advanced devices in healthcare to enhance efficiency and rise in prevalence of lifestyle disorders are fueling the growth of the digital health market.
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remain dominant during the forecast period. This is due to increasing prevalence of chronic diseases, presence of major players, adoption of smartphone users and advancement in healthcare information technology in the region.
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Key Finding:
- By product and service, the eHealth segment was the largest contributor to the market in 2020.
- By component, the software segment was the largest contributor to the digital health market in 2020.
- By end user, the healthcare providers segment dominated the market in 2020 and is expected to continue this trend during the forecast period.
- By region, North America accounted for the largest revenue share in 2020, while Asia-Pacific is expected to grow at the highest CAGR during the forecast period.
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Cosmetic Surgery Market: https://www.alliedmarketresearch.com/cosmetic-surgery-market-A16492
Biochips Market: https://www.alliedmarketresearch.com/biochip-market
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