Digital Health Market Expanding At A CAGR Of 27.7% For The Forecast Period From 2019 To 2025 : Grand View Research Inc.
San Francisco, 18 June 2019: The Report Digital Health Market Size, Share & Trends Analysis Report By Technology (mHealth, Digital Health Systems), By Component (Hardware, Software, Services), And Segment Forecasts, 2019 – 2025 The global digital health market size is expected to reach USD 509.2 billion by 2025, expanding at a CAGR of 27.7% over the forecast period, according to a new report by Grand View Research, Inc. Growing adoption of mHealth technologies by physicians to prescribe for self-management of chronic illness, such as diabetes, has propelled the growth of the market. For instance, Glooko is specifically used for management of diabetes. Availability of such apps in smartphones makes it easier for healthcare professionals to access patient information and diagnose diseases. Furthermore, increase in penetration of smartphones and internet connectivity are the key factors driving the market. Growing need for improving workflow efficiency in hospitals and other hea