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How COVID-19 Pandemic Will Impact on Digital Health Market Growth and Demand in 2020 and Coming Future?

Pune, Maharashtra,India, November 9 2020 (Wiredrelease) Origius Systems Private Limited –:The coronavirus outbreak has influenced the digital health industry fairly and positively. Expanded usage of digital healthcare applications is expected to fuel the demand for digital health during the forecast era. Markets are projected to provide investors with more growth prospects over time. Leading players of the market are predicted to unlock vibrant opportunities for the growth of the market in the forthcoming years by taking various initiatives.

The latest research report on the global digital health devices market by Research Dive reflects the influence of COVID-19 pandemic on the present and expected growth of the global market. This report is professional and comprehensive research formulated by specialists by evaluating top driving factors, major regional market situations, opportunities & future scope, and trends & developments in the market during the COVID-19 catastrophe.

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Highlights of the Report:

The global digital health market has witnessed remarkable growth in the previous years. The sudden outbreak of COVID-19 has impacted the market, bringing even more chances of growth. As per the report, the global digital health industry is expected to register a revenue of $1,045.8 million by 2027, at a growth rate of 33.4% during the forthcoming years. In the current situation, the market has garnered $139.1 billion in 2020, owing to the increasing awareness about digital healthcare applications across the healthcare industry.

Factors Driving the Market Growth amid COVID-19 Pandemic:

According to our researchers, the time addressing the expectations in artificial intelligence integration as well as the internet – of – things and big data analytics is the key driver of the industry growth in the forecast years. The expense to introduce digital health systems is nevertheless projected to be a major barrier to the development of the sector.

The report discloses the real-time CAGR recorded by the market during the pandemic. According to the report, the digital health market has earned a CAGR of 33.4% during the last few months of the crisis, while the pre-COVID-19 estimation was only 28.9%. The reason behind this growth is the growing necessity of growing adoption of digital healthcare applications as more and more people are aware of digital health services.

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Current COVID-19 Impacted Scenario of the Market:

The leading players of the market are focused on developing new, innovative strategies to sustain market growth. Due to the increased awareness among people of the widespread coronavirus, domestic healthcare services are increasingly relevant to the need for digital health care services. It is projected that these factors drive demand growth in case of emergencies. In addition, several government agencies conduct different initiatives to support businesses with the crisis.

Future Scope of the Market:

According to the report, the global digital health market is projected to maintain sustainable growth post the pandemic. The report summarizes the following aspects of all key players. Business overview: Financial performance, Product portfolio, Recent strategic moves & developments, SWOT analysis.

New entrants and leading players including Allscripts Healthcare, LLC, CISCO, McKesson Corporation, AirStrip, Google Inc., Koninklijke Philips N.V., BioTelemetry, Inc., Honeywell International Inc., Cerner Corporation and Telefónica S.A. among others are expected to bring in some newer innovative advances and rewarding opportunities for the market in next few years. Quick Download Top Companies Development Strategies Summary Report

Abouat Us:

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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Last Updated: 09-Nov-2020