Digital Health Market to Exceed the Value of US$ 1.2 Trn by 2028, TMR Study
WILMINGTON, DE | ACCESSWIRE | September 27, 2022 | Transparency Market Research Inc. - Growing incidence of various chronic diseases, including cardiovascular diseases and diabetes, is generating growth opportunities in the global digital health market. This trend is further bolstered by the increasing number of geriatric individuals across the world, changing lifestyles, increasing consumption of unhealthy food products, and increase in the incidence of obesity. According to a recent research report, the global digital health market is anticipated to rise at a CAGR of 18.3% over the forecast period of 2021 to 2028. Growing adoption of next-gen digital health products by healthcare providers, such as insurance companies, and hospitals and clinics, is also influencing the development of the market. However, the high cost of installing digital health systems, such as EMR or EHR, may restrain the growth of the global digital health market in coming years. On the other hand, rising instances of collaborations amongst the players are anticipated to bode well for the development of the global digital health market in coming years.
Digital Health Market to Exceed the Value of US$ 1.2 Trn by 2028, TMR Study
WILMINGTON, DE | ACCESSWIRE | September 27, 2022 | Transparency Market Research Inc. - Growing incidence of various chronic diseases, including cardiovascular diseases and diabetes, is generating growth opportunities in the global digital health market. This trend is further bolstered by the increasing number of geriatric individuals across the world, changing lifestyles, increasing consumption of unhealthy food products, and increase in the incidence of obesity. According to a recent research report, the global digital health market is anticipated to rise at a CAGR of 18.3% over the forecast period of 2021 to 2028. Growing adoption of next-gen digital health products by healthcare providers, such as insurance companies, and hospitals and clinics, is also influencing the development of the market. However, the high cost of installing digital health systems, such as EMR or EHR, may restrain the growth of the global digital health market in coming years. On the other hand, rising instances of collaborations amongst the players are anticipated to bode well for the development of the global digital health market in coming years.