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Cybersecurity, Artificial Intelligence, Virtual Care, Digital Therapeutics, and the Movements of Major Tech Companies Continue to Advance the Market
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At the beginning of this decade, Frost & Sullivan invented the definition of Digital Health to include convergent market segments, such as healthcare information technology (HCIT), remote patient monitoring (RPM), mobile health (mHealth), and telemedicine. Over the last five years, these segments have become increasingly sophisticated as new technologies have made their way into healthcare. The industry will see a rapid dissolution of segment boundaries as technologies such as mHealth, analytics, cloud, and telemedicine are integrated across the board.While technology diffusion may be passive in some areas, industry regulations that focus on value and innovation drive a large part of the transformation. Value-based care transformations are a crucial motivation for investments in technologies that enable cost reduction, benefits maximization, and transparency. The abundance of opportunities for new solutions, services, and business models that can be brought into healthcare makes this space exciting and lucrative for all types of businesses. Fundamental industry paradigms are changing, not because of the increasing participation of non-healthcare companies (especially technology vendors) in healthcare, but because of the new attitude they bring to organizational workflows and consumer experiences in the industry.At the country level, the philosophy of global governments relating to healthcare could spark, sustain, or delay momentum in terms of funding, coverage, and technology enhancements. This report cites examples in the United States, China, India, Japan, Australia, and Southeast Asia, where current government policies will have significant impact on healthcare costs, quality, and access. Learn more about Frost & Sullivan’s current views on digital health here at http://digitalhealth.frost.com.
This report captures both important trends and predictions impacting the industry now as well as presents topline forecasts for the global digital health market. The report discusses healthcare trends by region based on increasing interest in digital health worldwide. In addition, this report presents information on important companies, both established and new, chosen by Frost & Sullivan’s analyst team to highlight as companies to watch.
Key Issues Addressed
The Evolving Payer-Provider Dynamic in US Healthcare
US Digital Therapeutics Market, Forecast to 2023
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