Digital Health Market size to grow at 25.9% CAGR to reach $379bn by 2024

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Digital Health Market size to exceed 379bn by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Digital Health Market

• Global digital health market size will reach USD
  379.3 billion by 2024, with over 25 growth from
  2016 to 2024.
• Digital health systems market share was over USD
  32 billion in 2015 with more than USD 130 billion
  by 2024. Growing investments in interoperability
  and increasing awareness regarding usage of EHR
  platforms will drive business growth.
• Health analytics market size was over USD 4
  billion in 2015 and should witness 25.9 growth
  over the forecast timeframe. It helps reduce
  instances of misdiagnosis and curb healthcare
  costs by providing reliable and cost- effective
  healthcare information to care providers.
• Japan digital health market size will grow at
  over 29 to exceed USD 20 billion by 2024, owing
  to extensive adoption of new healthcare
  technologies and improved government focus to
  reduce healthcare cost.

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Continued...

• Brazil digital health market size was over USD
  843 million in 2015 and anticipated to grow at
  27.9 over the forecast period. It held over 47
  of regional digital healthcare market share in
  2015.  
• South Africa digital healthcare market share was
  over 15 of regional revenue in 2015 and expected
  to surpass USD 1.2 billion by 2024.
• Presence of large corporations, local industry
  players as well as start-ups are increasing the
  overall digital health market competitiveness.
  The key industry players will hold maximum
  revenue share owing to their brand recognition
  and prompt after sales service. The major players
  include Qualcomm, Philips Healthcare, McKesson
  Corporation, AT T and LifeWatch.

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U.S. Digital Health Market size, by Technology,
2012- 2024 (USD Billion)

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360 Analysis

• Technology Trends
• Digital health systems market which comprise of
  electronic health records and e-prescribing
  systems grabbed the largest revenue share of 62
  in 2015. The segment was predominantly driven by
  EHR (electronic health records), with target
  market size slated to reach over USD 116 billion
  by 2024 with 16.7 CAGR over forecast period.
  Technological advancements, rising investments in
  interoperability and favorable government
  initiatives should expand digital health systems
  market size.
• Regional Trends
• U.S. digital health market share continues to
  dominate the global landscape, with target
  revenue slated to exceed USD 152 billion by 2024.
  Rising incidences of chronic diseases, increasing
  geriatric population base and implementation of
  HITECH Act and HIPAA Act should promote business
  expansion.
• Competitive Market Share
• Global digital health market size is fragmented
  in nature, with large corporations, local small
  players as well as start-ups joining the industry
  competition. The key industry participants will
  hold maximum digital health market share owing to
  strong financial muscle, brand recognition and
  premium after sales service. The major players
  include McKesson Corporation, Qualcomm,
  LifeWatch, and Philips Healthcare, AT T.

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