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Dublin, March 05, 2021 (GLOBE NEWSWIRE) -- The "Digital Health Market Size, Share & Trends Analysis Report by Technology (Healthcare Analytics, mHealth), by Component (Software, Services), by Region, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering. The global digital health market size is expected to reach USD 295.4 billion by 2028 and is projected to expand at a CAGR of 15.1% over the forecast period. Rising smartphone penetration & integration of advanced technologies, such as the internet of things (IoT) & artificial intelligence (AI), and increasing implementation of mHealth technologies for self-management of chronic diseases, such as diabetes, are some of the major factors driving the market. In addition, increasing demand for enhancing workflow efficiency in clinics, hospitals, and other healthcare centers is further boosting the demand for mHealth services thereby, aiding the market growth.Moreover, ongoing technological advancements for developing advanced digital solutions coupled with a growing number of favorable initiatives by the government & private sectors are contributing to the overall market growth. For instance, as per the data published in 2017, researchers at the University of Illinois have developed a camera to improve the diagnostic features of smartphones. In 2020, the mHealth technology type segment accounted for the highest revenue share. A rise in the number of health apps has significantly contributed to the segment growth in recent years. As per the data published by the My Health Apps blog in May 2018, a total of 325,000 health, fitness, and medical apps were available in 2017.Mobile operators are constantly leveraging mHealth technologies and solutions by supporting services, such as diagnosis, monitoring, and patient management. In addition, they are increasingly adopting strategies in the form of partnerships and agreements to enhance their product offerings, which, in turn, is contributing to the segment growth. For instance, in 2019, OneLife, a mobile medical software company, partnered with AT&T for the development of a health-tracking watch to monitor a patient's heart rate, location, sleep, and movements. In 2020, the services component segment accounted for the highest revenue share.System integration, training & education, maintenance & support, and consulting are among the few service offerings that are covered in this segment. Growing demand for continuous M2P data flows, to boost the efficiency of the medical systems, improve informed decision-making in real-time, and enhance security, is driving the segment growth. On the other hand, software is anticipated to register the fastest growth during the forecast period. The key factors that can be attributed to this growth are rising investments by the market participants to develop innovative connected solutions for the healthcare industry, technological advancements, and the rising adoption of digital technologies & connected systems in the health centers. Digital Health Market Report Highlights The mHealth technology segment dominated the global market in 2020 owing to the increasing penetration of smartphones and the rising number of strategic alliances among mobile operators & mHealth startups..The services component segment accounted for the highest revenue share of the global market in 2020.North America was the leading regional market in 2020 owing to rise in the geriatric population and awareness regarding health & fitness among consumers.High internet and smartphones penetration along with growing usage of medical/health-related apps is one of the key factors responsible for the market growth in North America.However, APAC is expected to register the fastest CAGR from 2021 to 2028 due to the rising usage of tablets, smartphones, and other mobile platforms.The rising geriatric population in countries, such as India and China, and the growing burden of chronic conditions are further boosting the demand for mHealth technologies in the region. Key Topics Covered: Chapter 1 Methodology and Scope1.1 Market Segmentation and Scope1.2 Market Definition1.2.1 Telecare1.2.2 Telehealth1.2.3 mHealth wearables1.2.4 mHealth apps1.2.5 mHealth services1.2.6 Healthcare analytics1.2.7 Digital health systems1.3 Research Methodology1.4 Research Scope and Assumptions1.5 List to Data SourcesChapter 2 Executive Summary2.1 Market Outlook2.2 Technology Outlook2.3 Component Outlook2.4 Regional Outlook2.5 Competitive Outlook2.6 Digital Health Market SnapshotChapter 3 Digital Health Market Variables, Trends & Scope3.1 Penetration and Growth Prospect Mapping3.2 Market Dynamics3.2.1 Market Driver Analysis3.2.1.1 Increasing adoption of digital healthcare3.2.1.2 Rise in artificial intelligence, IoT, and big data3.2.1.3 Growing adoption of mobile health applications3.2.1.4 Supportive initiatives and increasing strategic alliances3.2.1.5 High penetration of smartphones3.2.2 Market Restraint Analysis3.2.2.1 Cybersecurity and privacy concerns3.2.3 Market Challenges3.2.3.1 Digital health technology unable to deliver the promised results3.3 Digital Health Market Analysis Tools3.3.1 Industry Analysis-Porter's3.3.2 PEST Analysis3.4 Regulatory Landscape3.5 Technology Landscape3.5.1 Pipeline analysis (Upcoming technologies)3.4 Impact of the Covid-19 on Digital Health MarketChapter 4 Digital Health Market: Competitive Landscape Analysis4.1 Recent Developments & Impact Analysis, by Key Market Participants4.1.1 ALLSCRIPTS ACQUIRED HealthGrid4.1.2 ALLSCRIPTS ACQUIRED practice fusion4.1.3 Allscripts divesture4.1.4 roche acquired flatiron health4.1.5 Medtronic acquired nutrino4.1.6 Mckesson ventures invest into Propeller Health4.1.7 CureMD achieved healthcare network accrediation4.1.8 Google acquired Senosis4.1.9 IBM Watson health investments in research4.1.10 NextGen Healthcare acquired eagledream health, Inc.4.1.11 Dexcom acquired TypeZero Technologies4.1.12 Apple, inc. acquired gliimpse4.1.13 NEXtGen healthcare investments in software development4.1.14 NExtgen healthcare acquired healthfusion holdings, Inc.4.1.15 Digital health IPO's4.1.16 Fitbit, Inc. acquisition of twine health4.1.17 Headspace acquired Alpine. Ai4.1.18 muse acquired meditation studio4.1.19 Mckesson acquired Vantage Oncology, LLC4.1.20 Teladoc acquired Advance Medical4.1.21 Medidata acquired shyft Analytics4.1.22 American Well acquired Avizia4.1.23 Intouch Health acquired Reach Health4.1.24 Livongo acquired Retrofit4.1.25 Babyscripts acquired iBirth4.2 Company/Competition Categorization (Key innovators, Market leaders, Emerging players)4.3 Vendor Landscape4.3.1 A partial list of key distributors and channel partners4.3.2 Key customers4.3.3 Key company market share analysis, 20204.3.4 Public Companies4.3.5 Private companiesChapter 5 Digital Health Market: Technology Estimates & Trend Analysis5.1 Digital Health Market: Technology Movement Analysis (USD Million), 2020 & 20285.2 Tele-healthcare5.2.1 Tele-healthcare market estimates and forecasts, 2016-2028 (USD Million)5.2.2 Telecare5.2.2.1 Telecare market estimates and forecasts, 2016-2028 (USD Million)5.2.2.2 Activity monitoring5.2.2.3 Remote medication management5.2.3 Telehealth5.2.3.1 Telehealth market estimates and forecasts, 2016-2028 (USD Million)5.2.3.2 Long-term Care (LTC) Monitoring5.2.3.3 Video Consultation5.3 mHealth5.3.1 mhealth market estimates and forecasts, 2016-2028 (USD Million)5.3.2 Wearables5.3.2.1 Wearables market estimates and forecasts, 2016-2028 (USD Million)5.3.2.2 BP Monitors5.3.2.3 Glucose Meter5.3.2.4 Pulse Oximeter5.3.2.5 Sleep Apnea Monitors5.3.2.6 Neurological Monitors5.3.2.7 Activity Trackers/Actigraphs5.3.3 mHealth apps5.3.3.1 mHealth apps market estimates and forecasts, 2016-2028 (USD Million)5.3.3.2 Medical Apps5.3.3.3 Fitness Apps5.3.4 mHealth services, By Type5.3.4.1 mHealth services market estimates and forecasts, 2016-2028 (USD Million)5.3.4.2 Monitoring Services5.3.4.2.1 Revenue estimates and forecasts for mhealth monitoring services, 2016-2028 (USD Million)5.3.4.2.2 Independent Aging Solutions5.3.4.2.3 Chronic Disease Management & Post-acute Care Services5.3.4.3 Diagnosis Services5.3.4.4 Healthcare Systems Strengthening Services5.3.5 mHealth Services, By Participants5.3.5.1 Mobile Operators5.3.5.2 Device Vendors5.3.5.3 Content Players5.3.5.4 Healthcare Providers5.4 Healthcare Analytics5.5 Digital Health System5.5.1 Digital health system market estimates and forecasts, 2016-2028 (USD Million)5.5.2 Electronic Health Records (EHR)5.5.3 E-prescibing SystemChapter 6 Digital Health Market: Component Estimates & Trend Analysis6.1 Digital Health Market: Component Movement Analysis (USD Million), 2020 & 20286.2 Digital Health Software6.3 Digital Health Hardware6.4 Digital Health ServicesChapter 7 Digital Health Market: Regional Estimates & Trend Analysis, By Technology and Component7.1 Regional Market Snapshot7.2 Digital Health Market Share, By Region, 2020 & 2028 (USD Million)7.3 Market Share Analysis, by Country, 20207.4 SWOT Analysis, by Factor (Political, Legal, Economic and Technological)Chapter 8 Company Profiles For more information about this report visit https://www.researchandmarkets.com/r/vtasuf CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900