The Digital Health Monitoring Devices Market is driven by rising preference for wireless connectivity and portability
The Digital Health Monitoring Devices Market involves the development and application of information technology and digital solutions to deliver improved healthcare services. This includes a wide range of digital health products ranging from telehealth and telemedicine solutions to mHealth apps and connected medical devices. The COVID-19 pandemic has further accelerated the adoption and development of digital health solutions as telehealth services enabled remote monitoring of patients thus helping to avoid overcrowding in hospitals.
Some key Digital Health Monitoring Devices Market Demand products and services include remote monitoring devices, EHR or EMR solutions, medical apps, healthcare analytics, digital therapy and response systems. Remote patient monitoring devices such as glucose meters, blood pressure monitors and other vital sign monitoring devices connected to apps or platforms have enabled healthcare providers to track patient health in real-time even when not physically present. This has improved healthcare access in remote locations and management of chronic conditions.
The Digital Health Monitoring Devices Market size is expected to reach US$ 815.35 billion by 2030, from US$ 249.97 billion in 2023, at a CAGR of 18.4% during the forecast period.
Key Takeaways
Key players operating in the Digital Health Monitoring Devices Market include McKesson Corporation, Allscripts Healthcare Solutions, Epic Systems Corporation, Cerner Corporation, Cisco Systems, IBM, AT&T, Koninklijke Philips N.V., Qualcomm, NXGN Management. These players are increasingly investing in development of remote patient monitoring platforms, clinical decision support solutions and population health management tools.
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