The rising prevalence of chronic diseases, increasing geriatric population, and lack of primary healthcare facilities in remote areas of emerging economies are resulting in the rising requirement for remote patient monitoring services, around the world. Since aged people have low immunity levels, they are more prone to illness. Furthermore, routine check-ups, including glucose level for the management of chronic diseases and blood pressure monitoring, have led to an increase in the requirement for remote patient monitoring services. Efficient remote patient monitoring is possible with the aid of digital health platforms such as mHealth, telehealth, and others.
Digital health is a combination of healthcare services, information technology (IT), and mobile technology. Advancements in healthcare delivery practices through digital health technologies have facilitated the adoption of health information technology in healthcare facilities. As per a report by P&S Intelligence, the global digital health market size reached $73.1 billion in 2017 and is expected to generate $223.7 billion by 2023, advancing at a 21.1% CAGR during the forecast period (2018–2023). Different technologies through which digital health services are provided are healthcare analytics, mHealth, telemedicine, electronic healthcare record. The largest demand was created for the mHealth technology in 2017, which is further projected to be utilized the most during the forecast period as well.
The reason for this is the rising demand and adoption of mHealth solutions. The products and services offered by the mHealth technology are mHealth apps, connected devices, and services. Among these, the largest demand was created for connected devices during 2013–2017, and these devices are further predicted to be the most in demand during the forecast period. These devices help in lowering the cost of care and aid in real time disease management. The fastest growth in demand is projected to be witnessed by mHealth apps during the forecast period, as these apps are increasingly being utilized by people because of the rising number of health awareness programs.
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The surging penetration of smart phones and tablets is rising, which is driving the digital health market. As per the European Union’s press release, smart phones and mobile devices were the most used devices for accessing the internet. These devices accounted for more than 79% of the total number of internet users in 2016. Since telecommunication technology is advancing, people are adopting the latest mobile application in the healthcare sector. There are a number of mobile applications for health and fitness that help people monitor their health status. Furthermore, patients are increasingly making use of healthcare mobile apps for updating and storing their health records through tablets and smart phones.
