Digitalization in Healthcare - Executive Summary Report
- The global Digital Health Market in 2020 was approximately USD 106 Bn. The market is expected to grow at a CAGR of 24% and is anticipated to reach around USD 640 Bn by 2025.
- North America had the highest market share of more than 38.2%, and it is projected to rise at a steady CAGR over the years. Growing healthcare costs advances in coverage networks increased mobile penetration, and rising demands for telehealth care solutions are all driving market growth in the area.
- The China healthcare industry is currently ranked the second largest in the world behind the U.S.
- Asia Pacific is projected to be the fastest regional market. The regional market is growing attributed to increasing smartphone penetration, rising acceptance of smart wearable devices, and an increase in demand for EMRs and EHRs.
- Countries such as Malaysia and Japan have already developed a national warehouse that allows public hospitals to exchange data.
- In January 2020, policy action was initiated in this direction in India, with the release of the National Digital Health Blueprint (NDHB). The blueprint covers the architectural framework and infrastructure requirements to undertake the first essential step in integrating health data across public and private sectors.
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