Digital Health Market Trends & Forecast Report

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Global Digital Health Market
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A study, recently conducted by the strategic
consulting and market research firm, BlueWeave
Consulting, revealed that the Global Digital
Health Market was worth USD 120.2 Billion in the
year 2020. The market is estimated to grow at the
CAGR of 21.4, earning revenue of around USD
480.1 Billion by the end of 2027.  The Global
Digital Health Market has been influenced by the
surging usage of tablets and smartphones worldwide
. Furthermore, the increasing penetration of 3G
and 4G networks, as well as the expanding
application area, are assisting in the growth of
the global digital health industry. Additionally,
the market is expected to expand due to the
growing demand for advanced healthcare
information systems and the implementation of
supportive government policies. Growth
Drivers Surging Adoption of Cloud Computing in
Digital Health Market One of the main
developments in the digital health industry right
now is the rapid adoption of cloud computing
technologies in healthcare settings. Cloud
computing resources are becoming more powerful,
accessible, and affordable than ever before due
to rapid advancements in storage and processing
technology.
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Restraints Data breach and security-related
concerns There are many hazards associated with
healthcare data protection as the personal
information of millions of people is at risk.
Healthcare companies gather confidential data
from their clients and store it on network
servers to make it readily available and to aid
patient care. However, there seems to be a
downside to every good thing, and the
digitization of healthcare is no exception.
Smartphones and other connected devices act as a
major source of data breaches. Thus, data
security is today's most pressing concern in the
digital health market. It is an issue that
necessitates both innovation and communication.
Data security is therefore a crucial aspect of
the healthcare sector for the security of
confidential patient information. Thus, improved
healthcare data protection tools are critical to
lowering the risks of malicious data breaches and
technological failure. Read Morehttps//www.blu
eweaveconsulting.com/digital-health-market-trends/
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