The incorporation of technological advancements in the worldwide healthcare sector has resulted into the introduction of various advanced methodologies that help in offering superior healthcare services to patients. Some of the technologically advanced tools present in today’s healthcare sector include artificial intelligence (AI)-enabled medical devices, electronic health records, and telemedicine. Digital healthcare solutions can be defined as utilization of electronic communication/information technology services, processes, and tools in order to offer superior healthcare services or to facilitate improved health. The concept of digital healthcare systems is gaining traction owing to their ability to assist both doctors as well as patients.
At present, major population from all across the globe is growing focus toward the use of on-demand as well as personalized healthcare systems, which can be achieved using the advanced tool of digital healthcare. WHO has introduced a worldwide multi-disciplinary technical group to offer guidance on diverse issues pertaining to digital healthcare including areas for intervention, strategic approaches, and authority structures for policies and acceptance of digital healthcare solutions and products.
The global digital healthcare solutions market is likely to gather promising expansion avenues in the year ahead. This growth can be attributed to many factors. One of the key factors driving market growth includes rise of on-demand healthcare. Healthcare payers, healthcare providers, and pharmaceutical companies are considered some of the key end-users of the digital healthcare solutions market.
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The digital healthcare solutions market is projected to gather lucrative opportunities on the back of introduction of technological advancements including virtual treatment of patients. Apart from this, the increased use of wearable medical devices by a wide range of population from all across the globe is anticipated to help in generating lucrative avenues in the global digital healthcare solutions market in the upcoming years.
North America: Prominent Region for Digital Healthcare Solutions Market
On regional front, the global digital healthcare solutions market is expected to gather exceptional growth avenues in the North America region. This growth can be attributed to many factors. One of the important factors driving the growth of the North America digital healthcare solutions market is the technological advancements in the region. Apart from this, the market for digital healthcare solutions will gain the advantage of presence of many key players in the region. Many well-entrenched biotechnology as well as pharmaceutical companies from this region are growing focus toward the incorporation of machine learning algorithms to decrease the drug development cycle. This scenario is working as a prominent driver for the growth of the digital healthcare solutions market.
Players Focus on Research Activities and Strategic Mergers and Acquisitions
The nature of the global digital healthcare solutions market seems to be highly consolidated with presence of several key players. Major share of the market is acquired by regional well-established players. Owing to this scenario, the competitive landscape of the market for digital healthcare solutions is extremely intense. Thus to gain leading position in this scenario, the companies engaged in the market for digital healthcare solutions are growing focus toward incorporation of many strategic moves such as mergers and acquisitions. Apart from this, several industry leaders are investing heavily in the research and development activities. This strategy is helping players to improve the quality of services they offer. On the back of all these factors, the global digital healthcare solutions market is expected to gather significant growth avenues in the years to come.
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The list of key players in the global digital healthcare solutions market includes many names such as Apple Inc., Allscripts Healthcare, LLC, Athenahealth Inc., AT&T Inc., Cerner Corporation, BioTelemetry, Inc., EClinicalWorks, Cisco Systems, Inc, General Electric Company, F. Hoffmann-La Roche AG, Health Care Originals, Google LLC, Koninklijke Philips NV, iHealth Lab Inc., Qualcomm Technologies, Inc., and McKesson Corporation.