The global digital health Industry covers several players demonstrating a competitive vendor landscape. Among these the leading players are working continuously to expand their product portfolio and strengthen position in the digital healthcare Industry. In the near future these companies are anticipated to engage in strategic partnerships mergers and acquisitions and agreements to increase their share in the industry. Also, these initiatives are adopted to gain a competitive edge in the global digital health Industry.
This is primarily on account of the presence of advanced healthcare and medical infrastructure in North America. Presence of a large number of well-established players in this region is likely to continue boosting the digital healthcare Industry in North America. Besides North America Europe and Asia Pacific are also expected to grow at a significant rise in the upcoming years. Rising level of digital knowledge in the U.K. is expected to drive the digital health Industry.
Other factors such as the rising demand for in-house remote monitoring devices and increasing geriatric population will catalyze growth of the digital health and wellness services. Digital health over the past few years has become a game changer in the digital health industry. Digital health services help in monitoring diseases and provide access to electronic information of patients through tablets or mobiles. Doctors can check the complete digital health record of their patients and accordingly offer the best consultation. All the factors mentioned above are anticipated to boost the digital health Industry during the forecast period.
Although the digital health services are adopted by large number of hospitals across the world there are some factors that may harm the growth of the digital health Industry. The high cost associated with the installation of such advanced digital health systems is likely to restrict the sindustry to an extent. In addition to this several security and safety concerns with regards to the data exposed digitally may pose serious threat to the digital healthcare Industry.
Some of the major companies that are present in the global digital health Industry are;
Medtronic, GENERAL ELECTRIC COMPANY, Cerner Corporation, McKesson Corporation, Infor, Allscripts, athena health Inc, Diabetizer GmbH & Co. KG, Cognizant, Dimensional Insight Inc, Siemens AGQual comm Life, 3MIBM Corporation Inc, Microsoft, Koninklijke Philips N.V, NVIDIA Corporation, Next IT Corp, Change Healthcare, AgaMatrix Inc, Life Watch Nike Inc. and others
Industry Players Are Focusing on Strategic Collaborations to Establish a Stronghold
Cisco and NetApp joined hands with each other in June 2018 to launch FlexPod solutions. Companies worked together to compute network and store important data and help organizations to accelerate application delivery.
In April 2018Digital Health China and Koninklijke Philips N.V. introduced a tele-radiology application platform called SHINEFL. This service platform provides scalable and customizable cloud-based solution for effective image management. Through this one can view store analyze and retrieve medical images even remotely. The clinical applications involved in this platform are majorly for cardiologyoncology and neurology.
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