Digital health market prospects up to 2026 from the corporate research firm

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Digital health market prospects up to 2026 from the corporate research firm

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TBRC’s overview of the size and state of the digital health market through post-COVID stabilization over the 5 years.

LONDON, March 17, 2022 / PRNewswire / – North America is the largest region in the global digital health market, accounting for 39.7% of the total in 2021. It is followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest growing regions in the digital health market will be South America And Asia-Pacific, where growth will be at CAGR of 19.6% and 19.3% respectively. These must be followed by Middle East And Africawhere the markets should register CAGRs of 18.7% and 18.6% respectively.

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The size of the global digital health market is expected to increase $ 201.24 trillion in 2021 a $ 252.47 trillion in 2022 at a compound annual growth rate (CAGR) of 25.5%. The slow growth trend of the digital health market in the market is mainly due to companies stabilizing their production after meeting the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to catch up. $ 596.56 trillion in 2026 at a CAGR of 24.0%.

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Digital healthcare market segments

The digital health market is segmented by technology into mobile health (mhealth), health information technology, telemedicine and telemedicine, health analytics and other technologies. The telemedicine and telemedicine market is the largest segment of the digital health market segmented by technology, accounting for 46.7% of the total in 2021. In the future, the other technologies segment is expected to be the fastest growing segment in the market of digital health segmented by technology, at a CAGR of 18.8% over the period 2021-2026.

The digital health market is also segmented by application in cardiology, diabetes, neurology, sleep apnea, oncology and other applications, and by end user in healthcare professionals, healthcare payers, pharmaceutical companies, and other end users.

Biofeedback is significant among the trends in the digital health market

Biofeedback APIs are a key trend gaining popularity in the digital health market. Biofeedback is a technique that is used to learn how to control some of the body’s functions, such as heart rate. During biofeedback, a person is connected to electrical sensors that provide information about the user’s body. For example, in October 2019, Meru Health, a US-based digital mental health company, has launched a wearable device to capture biofeedback, including heart rate variability (HRV), during mental health exercises. The clip-on wearable device is attached to an individual’s ear while completing specific exercises, such as breathing practices, directed from the Meru platform. The goal is to show users a quantifiable and physiologically relevant representation of the effect that correct and consistent use of breathing practices can achieve.

Access to the digital health sector

Access to health services should improve in developing countries, thus supporting the digital health market. Effective implementation of government health plans is the main reason for improving access to health care in many developing regions such as India, China, and many Latin American countries. With increased state funding for health care, policymakers are focusing on accessing care in a cost-effective way that improves the health of their constituents. Digital health care can provide timely and affordable care at lower costs and helps reduce costly emergency room visits by improving access to low-cost primary and specialist care. Many countries like Russia And Brazil they are focusing on improving their health skills which will help lead the digital health market.

Read more about the Digital Health Market Report

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