Title: North America Digital Health Market is Projected to Cross USD 173 by 2027
1 North America Digital Health Market To Witness
Lucrative Growth Through 2027
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2 - North American Digital Health Market size is
projected to cross USD 173 billion by 2027. North
America digital health market size is expected to
grow at a promising rate in the coming years as
investments from both the public and private
organizations to enhance the existing healthcare
infrastructure are growing. The adoption of IT
solutions in healthcare, known as healthcare IT
today, is increasing at a notable rate. The
demand to get advanced and highly precise
treatments is increasing among patients. - The percentage of people suffering from chronic
ailments is growing every year. It has become a
cause of concern for authorities in North
America, who have now introduced several
initiatives to create awareness about the
benefits of using digital healthcare services. - Companies dealing in the production of innovative
digital health technologies are getting into
partnerships with other software firms to develop
solutions that will enhance the performance of
healthcare processes to a great extent. The other
main aim of developing these technologies is to
make it easier for patients to access basic
healthcare facilities. - Since people could not go out for their regular
medical appointments due to pandemic
restrictions, the demand for remote patient
monitoring devices has increased by many folds
recently. They can be used by patients to check
their daily readings and virtually interact with
their doctors accordingly.
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4 - It helps the patients become a part of some vital
medical decisions and gives them a chance to
express their opinions, should they disagree with
anything. These nitty-gritties have created a
sense of trust in patients and the demand among
them for using technologically advanced
treatments is growing at a rapid rate. All of
these aspects will positively impact the
deployment of digital health solutions in North
America. - the common examples of the equipment are
AI-powered wearables, portable oxygen monitors,
insulin monitors and dialysis devices. These
devices help patients keep a track of their
health by updating them on their progress rate
and areas of improvement. - North America digital health market size from
software solutions segment will grow at a robust
16.1 CAGR through 2027. Some of the popularly
used software solutions in digital health are
mobile health (mHealth) apps, Electronic Health
Records (EHRs), telehealth and Electronic Medical
Records (EMRs). - The US enacted the Affordable Care Act (ACA)
which played a key role in the development of
various digital health platforms in the nation.
The main aim of the Act, as the name suggests, is
to not only provide affordable healthcare
services but to enhance the overall quality of
the countrys healthcare sector. The use of
technologies like computed modeling immensely
helped the authorities in North America as they
were able to keep a close eye on the total
healthcare expenditure.
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5 - Segmentation North American Digital Health Market
- North America Market, By Technology
- Telehealth care
- Telecare
- Activity monitoring
- Remote medication management
- Telehealth
- LTC monitoring
- Video consultation
- mHealth
- Wearable
- BP monitors
- Glucose meter
- Pulse oximeter
- Sleep apnea
- Monitors
- Neurological monitors
- Others
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