Global Digital Health Market – Rising Applications of Business Intelligence Tools to Drive Growth | Technavio

19-Apr-2018 Intellasia | BusinessWire | 8:28 PM Print This Post

LONDON–(BUSINESS WIRE)–#EnterpriseApplication–Technavio’s latest market research report on the global
digital health market
provides an analysis of the most important
trends expected to impact the market outlook from 2018-2022. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.


According to Technavio analysts, the global digital health market will
grow at a CAGR of almost 18% during the forecast period. The
increase in the number of M&A activities is a major factor driving the
market’s growth.

The global digital health market is anticipated to grow during the
forecast period due to the increase in technological innovations and M&A
activities. Strategic M&A activities among the vendors support the
development of efficient products and increase the profit margin of the
service providers. The investments are carried out in the form of either
capital outflow to develop new service offerings or the acquisitions of
other service providers.

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In this report, Technavio highlights the rising applications of BI in
the healthcare industry as one of the key emerging trends in the global digital
health
market:

Rising applications of BI in the healthcare
industry

The healthcare sector, particularly the hospitals are facing competition
owing to the increasing number of hospitals and competitive treatment
pricing pressure. Thus, most of the hospitals are adopting ways to
increase the speed of their processes and reduce the operation cycle
time. Business intelligence (BI) tools provide real-time information,
which can help end-users in avoiding process delays and in centralizing
the management to improve its market response and decision-making.

“To achieve competitive advantages, the end-users need to transform
data into actionable intelligence through constant improvements in
customer-facing strategies. BI tools help hospitals and other end-users
consistently and efficiently transform raw sales, services, marketing,
and patient data into useful information,”
says a senior analyst at
Technavio for research on enterprise
application
.

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Global digital health market segmentation

This market research report segments the global digital health market
into the following applications (wireless health, mobile health, HER,
and telehealth) and key regions (the Americas, APAC, and EMEA).

The wireless health segment held the largest market share in 2017,
accounting for over 48% of the market. The market share of this segment
is expected to increase significantly during the forecast period.

In 2017, the Americas dominated the global digital
health
market with a revenue share of more than 50%. One of the
key reasons for the growth of the Americas is the high adoption of
digital health solutions in the US. The US is the largest telehealth
consumer in the world.

 

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is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
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