Artificial Intelligence
Global Digital Health Market to Reach $456.9 Billion by 2026
New York, July 29, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Digital Health Industry” – https://www.reportlinker.com/p05895953/?utm_source=GNW
Growth in the global market is set to be driven by the transformation of patient data stored in the form of electronic forms saving time and space. The implementation of mobile applications by young adults has a positive effect on the worldwide digital health market. The disposable income levels and convenience to pay medical bills is expected to further fuel the growth of digital health. Innovations in technology to reduce human errors improve patient prognosis and overall quality patient care, leading to digital health growth. The growing adoption of telemedicine, increasing aging population and rising occurrence of chronic diseases have fueled the demand for digital health technology globally. The Covid-19 pandemic and the conditions thereon have resulted in the rapid adoption of various digital health technologies. In addition to the older technologies, newer technologies such as healthcare apps have been gaining rapid adoption.
Amid the COVID-19 crisis, the global market for Digital Health estimated at US$152.5 Billion in the year 2020, is projected to reach a revised size of US$456.9 Billion by 2026, growing at a CAGR of 18.8% over the analysis period. mHealth, one of the segments analyzed in the report, is projected to record a 16.6% CAGR and reach US$253.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Digital Health Systems segment is readjusted to a revised 20.5% CAGR for the next 7-year period. mHealth Segment holds the largest share, owing to the factors including increasing adoption of mHealth technologies among medical professionals, increasing preventive healthcare trends, and increased funding for mHealth start-ups. The demand is further fueled because of the increasing demand for efficient workflow and healthcare centers. Digital Health systems are anticipated to witness strong growth due to increasing government initiatives to endorse digital health and growth in the demand for electronic health record systems.
The U.S. Market is Estimated at $80.2 Billion in 2021, While China is Forecast to Reach $47.1 Billion by 2026
The Digital Health market in the U.S. is estimated at US$80.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$47.1 Billion by the year 2026 trailing a CAGR of 22.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.2% and 17.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 16.2% CAGR. The US dominates the market growth led by high healthcare spending, government initiatives, including funding in EMR, adoption of high technologies and the adoption of healthcare information technology. Further, the usage of telemedicine and mHealth applications is on rise across the nation. Other factors driving market growth include implementing HITECH and HIPAA Acts, encouraging the usage of electronic health data, and rise in incidence of chronic diseases, and growth in the aged population. Europe is another major market for digital health led by increasing pressure to cut increasing healthcare costs, improved healthcare solutions, and innovative technologies. Increased usage of mHealth, continuous improvement in healthcare infrastructure, countries such as India and China turning into medical tourism hubs, government initiatives for raising awareness about digital health, growing incidence of chronic disease, and increase in aging population propel growth in the Asia-Pacific region.
Healthcare Analytics Segment to Reach $47.1 Billion by 2026
Healthcare analytics is an important application of technology that manages a large amount of data related to patients and hospitals. In the global Healthcare Analytics segment, USA, Canada, Japan, China and Europe will drive the 18.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$13.3 Billion in the year 2020 will reach a projected size of US$43.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.9 Billion by the year 2026.
Select Competitors (Total 115 Featured)
- AdvancedMD Inc
- AirStrip Technologies LP
- Alcatel-Lucent S.A
- Allscripts Healthcare Solutions Inc
- Apple Inc
- Aruba Networks, Inc.
- AT&T Communications, LLC
- Athenahealth Inc
- Biotelemetry Inc
- Capsule Technologies, Inc
- Cerner Corporation
- Cisco Systems, Inc
- eClinicalWorks
- Honeywell International Inc
- iHealth Lab Inc
- Koninklijke Philips N.V.
- McKesson Corporation
- QUALCOMM TECHNOLOGIES, INC
- Siemens Healthineers AG
Read the full report: https://www.reportlinker.com/p05895953/?utm_source=GNW
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
Impact of Covid-19 and a Looming Global Recession
Digital Healthcare Gains Spotlight Amid COVID-19 Pandemic
Digital Technologies Gaining Adoption Amid COVID-19
List of COVID-19 Contact Tracing Apps
Digital Penetration Aids in Controlling COVID-19
Telemedicine Adoption Reaches New Heights Amid the Pandemic
Digital Health Investment Records Strong Growth in 2020 1H
EXHIBIT 1: Leading Digital Health Categories by Funding: 1H2020
EXHIBIT 2: Digital Health Venture Funding in US$ billion: 1H
2020 Vs 1H2019 Vs 1H 2018
Digital Health Funding (in US$ billion): 2015-1H2020
Average Deal Size (in US$ billion): 2015-1H2020
EXHIBIT 3: Top 20 Digital Health Investment Companies: 1Q 2020
Mobile Health Apps Gain Interest Amid the Pandemic
Digital Health: An Introduction
Market Outlook
Geographic Landscape
mHealth: Holds the Largest Share
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Remote Monitoring of Patients and Telemedicine to become
Mainstream
EXHIBIT 4: Percentage of Individuals Interested in Using
Telehealth Amid the Pandemic: 2019 Vs 2020
Growing R¬ole of Telemedicine Apps During COVID-19 Pandemic
COVID-19 Augments Demand for Health Analytics
Digital Health Leverages Predictive Analytics
Introduction of 5G to Speed up Market Penetration
EXHIBIT 5: Breakdown of Network Latency (in Milliseconds) by
Network Type
EXHIBIT 6: Global Smartphone Subscription Breakdown by
Technology: 2019 and 2025
AI and Chatbots Make Significant Contribution to Triage Patients
Robots Provide Patientcare Releasing the Burden on Medical
staff Amid the Pandemic
Wearable Gadgets Bring in Healthcare Disruption
EXHIBIT 7: Global Wearable Technology Market by Application : 2019
Partnering with Technology Majors to Spur Innovation
Impact of Digital Technology on Radiology Sector
mHealth Care: A Prominent Trend in Digital Healthcare Market
Rise in Integration of AI in Mobile Health Apps
Patient Generated Health Data: An Important Resource for
Medical Training and Research
Cloud Computing: An Expanding Paradigm
Artificial Intelligence to Play a Significant Role in Improving
Clinical Outcomes
EXHIBIT 8: Global Healthcare Artificial Intelligence Market by
Application: 2019
The Internet of Things (IoT) to Increase Accessibility
Need to Improve Transparency to Drive Blockchain Technology
Adoption
EXHIBIT 9: Blockchain Technology Adoption Worldwide (2019) –
Percentage Breakdown of Number of Use Cases of Non-Bitcoin
Blockchain Solutions
Augmented Reality Transforms Medical Treatment
Prominence of Big Data in Mobile Health Applications
Eminence of Cloud-based apps in the Mobile Health Care Industry
Inclination of Young Consumers Towards Digital Health
Technology: Opportunity in Store
Faster Processing of Payments through Mobile Payment Apps
Encourage Use of MHealth Apps
Surgeons Use Video-Conferencing as an Educational Tool
Rising Healthcare Costs Drive Significance of Digital Health
EXHIBIT 10: World Healthcare Expenditure (In US$ Billion) for
the Years 2017-2023
Chronic Diseases Management and Associated Costs Drive Medical
Apps Adoption
EXHIBIT 4: Chronic Disease Management in Developed Countries:
(2019): Percentage Distribution of Patient Population by
Chronic Disease Type in the US, Germany, and UK
Ballooning Global Population Offers Significant Growth
Opportunities
EXHIBIT 11: Global Aging Population Statistics for the 65+ Age
Group in Million by Geographic Region for the Years 2019,
2025, 2035 and 2050
Shortage of Medical Professionals: Mobile Medical Apps Come to
the Rescue
EXHIBIT 12: Physicians Density Per 1000 Population in Select
Countries (2017
ISSUES AND CHALLENGES
Protecting Patient Integrity and Building Trust: A Major Challenge
Cyber Security, and Maintaining Regulatory Compliance
Recruiting, Training, and Retaining the Best Talent
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Digital Health by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 2: World 7-Year Perspective for Digital Health by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets for Years 2020 & 2027
Table 3: World Current & Future Analysis for mHealth by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 4: World 7-Year Perspective for mHealth by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2020 & 2027
Table 5: World Current & Future Analysis for Digital Health
Systems by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2020 through
2027 and % CAGR
Table 6: World 7-Year Perspective for Digital Health Systems by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027
Table 7: World Current & Future Analysis for Healthcare
Analytics by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2020 through
2027 and % CAGR
Table 8: World 7-Year Perspective for Healthcare Analytics by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027
Table 9: World Current & Future Analysis for Tele-Healthcare by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 10: World 7-Year Perspective for Tele-Healthcare by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027
Table 11: World Current & Future Analysis for Services by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 12: World 7-Year Perspective for Services by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2020 & 2027
Table 13: World Current & Future Analysis for Hardware by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 14: World 7-Year Perspective for Hardware by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2020 & 2027
Table 15: World Current & Future Analysis for Software by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 16: World 7-Year Perspective for Software by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2020 & 2027
III. MARKET ANALYSIS
UNITED STATES
Market Analytics
Market Overview
Impact of COVID-19 on Digital Health
COVID-19 Impact on Digital Health Venture Funding
Outlook
Telemedicine to Witness Increased Adoption
Virtual Clinical Trials And AI Technology Gains Interest
Healthcare Facilities Turn to Mobile Technologies to Reduce Costs
EXHIBIT 13: US Healthcare Spending (2006-2020) (in US$ Trillion)
On-body Devices and Wearables Gain Traction
Data Analytics Find Wider Adoption in Healthcare
Changing Demographics Accelerate the Invasion of Digital Health
Technologies
EXHIBIT 14: US Resident Population by Age Group (in %): 2019
Advances in Digital Health Policies
Value-Based Care (VBC) Reimbursement Models Gain Focus
Table 17: USA Current & Future Analysis for Digital Health by
Technology – mHealth, Digital Health Systems, Healthcare
Analytics and Tele-Healthcare – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 18: USA 7-Year Perspective for Digital Health by
Technology – Percentage Breakdown of Value Sales for mHealth,
Digital Health Systems, Healthcare Analytics and
Tele-Healthcare for the Years 2020 & 2027
Table 19: USA Current & Future Analysis for Digital Health by
Component – Services, Hardware and Software – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 20: USA 7-Year Perspective for Digital Health by
Component – Percentage Breakdown of Value Sales for Services,
Hardware and Software for the Years 2020 & 2027
CANADA
Adoption of Digital Health e-Services Increases in Canada
Benefiting Both Patients and Healthcare System
Table 21: Canada Current & Future Analysis for Digital Health
by Technology – mHealth, Digital Health Systems, Healthcare
Analytics and Tele-Healthcare – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 22: Canada 7-Year Perspective for Digital Health by
Technology – Percentage Breakdown of Value Sales for mHealth,
Digital Health Systems, Healthcare Analytics and
Tele-Healthcare for the Years 2020 & 2027
Table 23: Canada Current & Future Analysis for Digital Health
by Component – Services, Hardware and Software – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 24: Canada 7-Year Perspective for Digital Health by
Component – Percentage Breakdown of Value Sales for Services,
Hardware and Software for the Years 2020 & 2027
JAPAN
Table 25: Japan Current & Future Analysis for Digital Health by
Technology – mHealth, Digital Health Systems, Healthcare
Analytics and Tele-Healthcare – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 26: Japan 7-Year Perspective for Digital Health by
Technology – Percentage Breakdown of Value Sales for mHealth,
Digital Health Systems, Healthcare Analytics and
Tele-Healthcare for the Years 2020 & 2027
Table 27: Japan Current & Future Analysis for Digital Health by
Component – Services, Hardware and Software – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 28: Japan 7-Year Perspective for Digital Health by
Component – Percentage Breakdown of Value Sales for Services,
Hardware and Software for the Years 2020 & 2027
CHINA
Market Overview
EXHIBIT 15: Leading Medical Apps by Monthly Active Users in
Million in China: January 2020
Table 29: China Current & Future Analysis for Digital Health by
Technology – mHealth, Digital Health Systems, Healthcare
Analytics and Tele-Healthcare – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 30: China 7-Year Perspective for Digital Health by
Technology – Percentage Breakdown of Value Sales for mHealth,
Digital Health Systems, Healthcare Analytics and
Tele-Healthcare for the Years 2020 & 2027
Table 31: China Current & Future Analysis for Digital Health by
Component – Services, Hardware and Software – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 32: China 7-Year Perspective for Digital Health by
Component – Percentage Breakdown of Value Sales for Services,
Hardware and Software for the Years 2020 & 2027
EUROPE
Market Overview
Opportunities and Trends in Digital Health
Table 33: Europe Current & Future Analysis for Digital Health
by Geographic Region – France, Germany, Italy, UK, Spain,
Russia and Rest of Europe Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2020 through 2027 and %
CAGR
Table 34: Europe 7-Year Perspective for Digital Health by
Geographic Region – Percentage Breakdown of Value Sales for
France, Germany, Italy, UK, Spain, Russia and Rest of Europe
Markets for Years 2020 & 2027
Table 35: Europe Current & Future Analysis for Digital Health
by Technology – mHealth, Digital Health Systems, Healthcare
Analytics and Tele-Healthcare – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 36: Europe 7-Year Perspective for Digital Health by
Technology – Percentage Breakdown of Value Sales for mHealth,
Digital Health Systems, Healthcare Analytics and
Tele-Healthcare for the Years 2020 & 2027
Table 37: Europe Current & Future Analysis for Digital Health
by Component – Services, Hardware and Software – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 38: Europe 7-Year Perspective for Digital Health by
Component – Percentage Breakdown of Value Sales for Services,
Hardware and Software for the Years 2020 & 2027
FRANCE
Table 39: France Current & Future Analysis for Digital Health
by Technology – mHealth, Digital Health Systems, Healthcare
Analytics and Tele-Healthcare – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 40: France 7-Year Perspective for Digital Health by
Technology – Percentage Breakdown of Value Sales for mHealth,
Digital Health Systems, Healthcare Analytics and
Tele-Healthcare for the Years 2020 & 2027
Table 41: France Current & Future Analysis for Digital Health
by Component – Services, Hardware and Software – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 42: France 7-Year Perspective for Digital Health by
Component – Percentage Breakdown of Value Sales for Services,
Hardware and Software for the Years 2020 & 2027
GERMANY
Table 43: Germany Current & Future Analysis for Digital Health
by Technology – mHealth, Digital Health Systems, Healthcare
Analytics and Tele-Healthcare – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 44: Germany 7-Year Perspective for Digital Health by
Technology – Percentage Breakdown of Value Sales for mHealth,
Digital Health Systems, Healthcare Analytics and
Tele-Healthcare for the Years 2020 & 2027
Table 45: Germany Current & Future Analysis for Digital Health
by Component – Services, Hardware and Software – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 46: Germany 7-Year Perspective for Digital Health by
Component – Percentage Breakdown of Value Sales for Services,
Hardware and Software for the Years 2020 & 2027
ITALY
Table 47: Italy Current & Future Analysis for Digital Health by
Technology – mHealth, Digital Health Systems, Healthcare
Analytics and Tele-Healthcare – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 48: Italy 7-Year Perspective for Digital Health by
Technology – Percentage Breakdown of Value Sales for mHealth,
Digital Health Systems, Healthcare Analytics and
Tele-Healthcare for the Years 2020 & 2027
Table 49: Italy Current & Future Analysis for Digital Health by
Component – Services, Hardware and Software – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 50: Italy 7-Year Perspective for Digital Health by
Component – Percentage Breakdown of Value Sales for Services,
Hardware and Software for the Years 2020 & 2027
UNITED KINGDOM
Pandemic Drives Tele Health
Table 51: UK Current & Future Analysis for Digital Health by
Technology – mHealth, Digital Health Systems, Healthcare
Analytics and Tele-Healthcare – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 52: UK 7-Year Perspective for Digital Health by
Technology – Percentage Breakdown of Value Sales for mHealth,
Digital Health Systems, Healthcare Analytics and
Tele-Healthcare for the Years 2020 & 2027
Table 53: UK Current & Future Analysis for Digital Health by
Component – Services, Hardware and Software – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 54: UK 7-Year Perspective for Digital Health by Component –
Percentage Breakdown of Value Sales for Services, Hardware
and Software for the Years 2020 & 2027
SPAIN
Table 55: Spain Current & Future Analysis for Digital Health by
Technology – mHealth, Digital Health Systems, Healthcare
Analytics and Tele-Healthcare – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 56: Spain 7-Year Perspective for Digital Health by
Technology – Percentage Breakdown of Value Sales for mHealth,
Digital Health Systems, Healthcare Analytics and
Tele-Healthcare for the Years 2020 & 2027
Table 57: Spain Current & Future Analysis for Digital Health by
Component – Services, Hardware and Software – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 58: Spain 7-Year Perspective for Digital Health by
Component – Percentage Breakdown of Value Sales for Services,
Hardware and Software for the Years 2020 & 2027
RUSSIA
Table 59: Russia Current & Future Analysis for Digital Health
by Technology – mHealth, Digital Health Systems, Healthcare
Analytics and Tele-Healthcare – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 60: Russia 7-Year Perspective for Digital Health by
Technology – Percentage Breakdown of Value Sales for mHealth,
Digital Health Systems, Healthcare Analytics and
Tele-Healthcare for the Years 2020 & 2027
Table 61: Russia Current & Future Analysis for Digital Health
by Component – Services, Hardware and Software – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 62: Russia 7-Year Perspective for Digital Health by
Component – Percentage Breakdown of Value Sales for Services,
Hardware and Software for the Years 2020 & 2027
REST OF EUROPE
Table 63: Rest of Europe Current & Future Analysis for Digital
Health by Technology – mHealth, Digital Health Systems,
Healthcare Analytics and Tele-Healthcare – Independent Analysis
of Annual Sales in US$ Million for the Years 2020 through 2027
and % CAGR
Table 64: Rest of Europe 7-Year Perspective for Digital Health
by Technology – Percentage Breakdown of Value Sales for
mHealth, Digital Health Systems, Healthcare Analytics and
Tele-Healthcare for the Years 2020 & 2027
Table 65: Rest of Europe Current & Future Analysis for Digital
Health by Component – Services, Hardware and Software –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 66: Rest of Europe 7-Year Perspective for Digital Health
by Component – Percentage Breakdown of Value Sales for
Services, Hardware and Software for the Years 2020 & 2027
ASIA-PACIFIC
Market Overview
Table 67: Asia-Pacific Current & Future Analysis for Digital
Health by Technology – mHealth, Digital Health Systems,
Healthcare Analytics and Tele-Healthcare – Independent Analysis
of Annual Sales in US$ Million for the Years 2020 through 2027
and % CAGR
Table 68: Asia-Pacific 7-Year Perspective for Digital Health by
Technology – Percentage Breakdown of Value Sales for mHealth,
Digital Health Systems, Healthcare Analytics and
Tele-Healthcare for the Years 2020 & 2027
Table 69: Asia-Pacific Current & Future Analysis for Digital
Health by Component – Services, Hardware and Software –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 70: Asia-Pacific 7-Year Perspective for Digital Health by
Component – Percentage Breakdown of Value Sales for Services,
Hardware and Software for the Years 2020 & 2027
REST OF WORLD
Table 71: Rest of World Current & Future Analysis for Digital
Health by Technology – mHealth, Digital Health Systems,
Healthcare Analytics and Tele-Healthcare – Independent Analysis
of Annual Sales in US$ Million for the Years 2020 through 2027
and % CAGR
Table 72: Rest of World 7-Year Perspective for Digital Health
by Technology – Percentage Breakdown of Value Sales for
mHealth, Digital Health Systems, Healthcare Analytics and
Tele-Healthcare for the Years 2020 & 2027
Table 73: Rest of World Current & Future Analysis for Digital
Health by Component – Services, Hardware and Software –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 74: Rest of World 7-Year Perspective for Digital Health
by Component – Percentage Breakdown of Value Sales for
Services, Hardware and Software for the Years 2020 & 2027
IV. COMPETITION
Total Companies Profiled: 115
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Artificial Intelligence
Cayman Enterprise City Publishes Socio-Economic Impact Assessment by Economist and Leading Advisor on the Caribbean, Marla Dukharan
The Impact of Cayman Enterprise City’s Socio-Economic Development Project Nears USD $1 Billion
GRAND CAYMAN, Cayman Islands, May 16, 2024 /PRNewswire/ — Cayman Enterprise City (CEC) has released a Socio-Economic Impact Assessment by Marla Dukharan. The report illustrates that CEC is increasing its impact by supporting higher earnings for Caymanians and is driving a shift towards a knowledge-based economy by focusing on high productivity sectors. The release by Dukharan reads, “Caymanian resourcefulness and private sector-led innovation have been the driving force behind the islands’ outstanding socio-economic success. Cayman Enterprise City underpins the next generation of Cayman innovation and dynamism.”
With an economic impact of USD $130 million in 2023, contributing just under USD $1 billion to the local economic activity in 12 years since inception, “CEC is helping the nation to diversify economically, in terms of sectors and jobs, ensuring locals have economic and employment opportunities that match the nation’s progress,” the report reads.
The CEC socio-economic development project is now home to 352 Special Economic Zones Companies (SEZCos), many of which are globally recognised institutions led by top executives and industry experts. “CEC member companies are providing high-value employment with salaries exceeding those typically found outside of the special economic zone,” said Charlie Kirkconnell, Chief Executive Officer at CEC. “The CEC community is fully invested in Cayman and the report illustrates that the CEC socio-economic development project is making a very significant impact on Cayman’s economy and community.”
“As CEC continues to grow, it continues to create significant employment and entrepreneurial opportunities for Caymanians and we encourage anyone that might be interested in finding out how they might get involved, whether as a member of the community and/or as a volunteer in our Enterprise Cayman non-profit organisation (NPO).”
77% of Caymanian-held jobs at CEC member companies, are in sectors with high social returns and increasing global demand. “By putting skills first and prioritizing learning, CEC is enabling new industries to take root,” the release by Dukharan reads.
CEC, through its Enterprise Cayman NPO, is a first-mover in private sector-facilitated education and training in the Caribbean, making it a leading force to boost youth participation in the economy. By offering training in specialised skills, Enterprise Cayman is helping to close the gap in higher education and earnings for Caymanians. “Through Enterprise Cayman we’ve set out to strategically support meaningful employment and entrepreneurial opportunities for Caymanians, by providing internship and mentorship opportunities, by hosting skill-building and career focused training, and by providing invaluable networking and community engagement opportunities,” said Kirkconnell.
In 2023 individuals took advantage of 4,226 opportunities to participate in education, training, and career development events and, since launching entrepreneurial programming in 2021, Enterprise Cayman has worked with 41 new Cayman-born business ventures. “We’re helping to develop a local talent pool that meets the demand of Cayman’s growing digital innovation and technology sectors while, in parallel, offering exciting opportunities for individuals to launch new business ventures within an innovative business environment,” said Kirkconnell.
With CEC’s new campus and state-of-the-art facilities, Signal House, the project “holds the promise of deep, continued economic impact,” the report concludes.
To access CEC’s economic impact assessments and Enterprise Cayman’s annual reports please visit https://www.enterprisecayman.ky/reports. For more information on how to get involved and for upcoming programmes and events visit www.enterprisecayman.ky.
Website: www.caymanenterprisecity.com LinkedIn: @CaymanEnterpriseCityTwitter: @CEC_CaymanInstagram: @CaymanEnterpriseCityFacebook: @CaymanEnterpriseCityYouTube: @ceccayman
About Cayman Enterprise City
Cayman Enterprise City (CEC) is an award-winning development project which consists of three special economic zones (SEZs) focused on attracting knowledge-based and specialised-services businesses to set up a genuine physical presence in the Cayman Islands. The zones included within CEC are Cayman Tech City, Cayman Commodities & Derivatives Centre, and Cayman Maritime & Aviation City. With a dedicated Government Authority, licensing fee concessions and guaranteed fast-track processes, CEC enables international companies to quickly and efficiently establish a Cayman Islands office, which in turn enables them to generate active business income within a tax neutral environment.
About Enterprise Cayman
Enterprise Cayman is a non-profit organisation (NPO) powered by Cayman Enterprise City in partnership with Cayman Islands’ special economic zone companies (SEZCos). The organisation, which applies the Theory of Change (TOC) methodology, provides Caymanians and residents with access to high-quality learning experiences and opportunities to develop and launch new business ventures, to pursue careers within the technology and innovation sectors, and to join a dynamic network of industry professionals. Let’s grow the next generation of Caymanian innovators and entrepreneurs with Enterprise Cayman!
Logo: https://mma.prnewswire.com/media/1317764/2860789/Cayman_Enterprise_City_Logo.jpg
FOR MORE INFORMATION:Contact: Kaitlyn Elphinstone Email: [email protected]
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Artificial Intelligence
Strava Unveils New Chapter of Accelerated Product Development at Brand’s Flagship Event
The Company introduces increased product velocity, leveraging advancements in Artificial Intelligence, in service of its vision of a world connected through movement
LOS ANGELES, May 16, 2024 /PRNewswire/ — Strava, the leading digital community for active people with more than 125 million athletes, today showcased its latest initiatives and product developments at its annual event, Camp Strava. With the theme of Progress, Together company leaders announced how the platform will empower its global community to make progress in the way they explore, move, and connect on Strava.
“Strava is gaining momentum to realize our vision of a world connected through movement,” said Michael Martin, chief executive officer of Strava. “We are focused on two fundamental shifts to accelerate how we deliver value to 125 million people globally– building for women and leveraging Artificial Intelligence – which will unlock new community-and-partner-powered experiences across the platform.”
A New Era of Product VelocityStrava, with new leaders at the helm, is ushering in its next era of product velocity. The company listened closely to feedback from its global community and announced three of the most requested features coming to the platform by the end of the year.
The first of these updates, AI-enabled Leaderboard Integrity, will harness machine learning to automatically flag irregular, improbable, or impossible activities recorded to the platform. Trained by millions of activities, this feature allows all users on Strava to play fair and have more fun.
Additionally, the company announced a new Family Plan Subscription, the sister of the company’s Student Plan. With Family Plan, it’s easier to make a fitness commitment with your community by sharing an annual subscription with up to three other people – friends, family, or fitness family. Launching in select countries this summer, with plans to roll out globally by the end of the year, Strava’s newest annual subscription option offers the best value for groups (up to four), with a discount off the regular subscription price for each member.
Strava also implemented an updated design system, an initiative that is integral in driving a heightened pace of product innovation at the company. Through this work, Strava announced the launch of one of the company’s most requested features, Dark mode. Dark mode will improve the in-app experience for all users, reducing eye strain and improving accessibility while they record activity or scroll through the feed. Athletes can expect a rollout later this summer with options to keep their mobile settings always dark, always light, or match their device settings.
Company leaders highlighted several other features and updates to current products like Flyover, with its next iteration offering an overlay with activity stats and off-platform sharing capabilities. The overlay is available today for Strava subscribers and an off-platform sharing option will be released later this year.
Build for Her, Build for ManyStudies show that women of all ages participate in sports at a far lower rate than men, and overall, despite wanting to be active, find less time to dedicate to an active lifestyle. As the company continues on its mission to motivate people to live their best active lives, building for women on the platform will ultimately serve everyone in the Strava community. Several new features and initiatives were announced as a part of this strategic focus, which includes:
Night Heatmaps: Night Heatmaps show only activities between sundown and sunrise – so athletes can get an idea of which roads, trails, and paths are well-trafficked after hours. Since Night Heatmaps filter for after-hours routes, it can be a helpful tool for female athletes training before sunrise and after sunset.Quick Edit: For active women, having control over what is shared with the Strava community that cheers them on – like what time a run is logged – is important. Quick Edit makes it easier to make the most common edits – like activity name, and privacy settings so you can hide your start time, your map, or other workout stats.Strive for More®: The company announced a new phase of its Strive for More® initiative, created in 2022 to promote and support women in movement and sport. Today, Strava unveiled an official partnership with media company TOGETHXR to encourage more women to watch – and play – women’s sports. As part of the partnership, Strava will also donate $100,000 to the Alex Morgan Foundation, started by co-founder of TOGETHXR, Alex Morgan, to support their mission to help girls and women find confident paths forward in sports and life.Athlete IntelligenceToday, Strava announced the start of an accelerated product roadmap, outlining how Strava will implement the latest technological enhancements in AI and machine learning, to transform the athlete experience.
One key advancement to the platform includes the company’s latest development, Athlete Intelligence. Strava is introducing its beta AI-powered feature which turns each subscriber’s training data into an easily digestible summary that contextualizes their accomplishments and fitness goals. Unlike other AI-powered training services, Strava connects with thousands of devices, wearables, and fitness apps, so an athlete’s insights can consider their entire fitness story across multiple sports and modalities.
The features shared at Camp Strava will be released on a rolling basis through the end of the year. To view the full list of product releases and further details, visit www.press.strava.com.
For more information on Strava, to create a free account, or to start a free subscription trial visit www.strava.com.
About Strava Strava is the leading digital community for active people with more than 125 million athletes, in more than 190 countries. The platform offers a holistic view of your active lifestyle, no matter where you live, which sport you love and/or what device you use. Everyone belongs on Strava when they are pursuing an active life. Join the community, find motivation and discover new experiences with a Strava subscription.
Visit www.strava.com for more information and connect with Strava on Instagram, Twitter, Facebook, YouTube and LinkedIn.
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Artificial Intelligence
Japan Data Center Market Investment to Reach $14.48 Billion by 2028 – Watch Out Exclusive Insight on Japan & Hong Kong Data Center Market – Arizton
CHICAGO, May 16, 2024 /PRNewswire/ — Arizton publishes the latest research report on the Japan data center market and Hong Kong data center market.
The Japan Data Center Market to Witness Investments of $14.48 Billion by 2029.
Get Insights on 107 Existing Data Centers and 41 Upcoming Facilities across Japan.
The data center market in Japan is experiencing the emergence of self-built hyperscale data center facilities by major operators such as Google, Microsoft, and Amazon Web Services (AWS). This development is expected to impact the colocation market in Japan. Since these hyperscale operators store workloads in their own data center facilities, it may reduce the source of revenue generation for colocation operators.
Japan is a well-established data center market in the APAC region. The country supports investments with its macroeconomic policies and other incentives for investors. The market is witnessing several investments from local and global data center operators, further expanding its presence. Tokyo and Osaka are Japan’s major destinations for data center development, accounting for over 90% of the existing data center facilities. The government announced the offer of subsidies in Hokkaido and Kyushu for data center development and decentralize data centers from Tokyo and Osaka.
Investment Opportunities
In October 2023, SoftBank and its subsidiary, IDC Frontier, announced the plan to develop a new data center facility in Tomakomai City, Hokkaido. The company invested around $420 million toward the project, for which it received subsidies worth $190 million from the Ministry of Economy, Trade, and Industry. In July 2023, Internet Initiative Japan (IIJ) launched its second data center building at the Shiroi data center campus in Chiba Prefecture, Greater Tokyo. Once fully built, the campus will house four data center buildings. Furthermore, the company is involved in a third expansion initiative in its Matsue City campus (which will likely go live in 2025).In June 2023, Digital Edge, in partnership with Hulic, a real estate developer, announced the start of the construction of a new data center facility, TY07, in Tokyo. The facility is expected to go online by 2025.In April 2024, GDS Services partnered with Gaw Capital to develop a new data center campus in Fuchu City, Tokyo. Both companies will jointly invest toward developing a new data center facility, with the first phase slated to go online by 2026.To Buy this Research Now, Click: https://www.arizton.com/market-reports/japan-data-center-market-investment-analysis
Existing Vs. Upcoming Data Centers
Existing Facilities in the Region (Area and Power Capacity)TokyoOsakaOther CitiesList of Upcoming Facilities in the Region (Area and Power Capacity)TokyoOsakaOther CitiesVendor Analysis
IT Infrastructure Providers: Arista Networks, Atos, Broadcom, Cisco Systems, Dell Technologies, Fujitsu, Hewlett Packard Enterprise (HPE), Hitachi Vantara, Huawei Technologies, IBM, Inspur, Lenovo, NEC, NetApp, and Oracle.
Data Center Construction Contractors & Sub-Contractors: Arup, AECOM, Daiwa House Industry, Fuji Furukawa Engineering & Construction, Hibiya Engineering, ISG, Kajima Corporation, Keihanshin Building, Linesight, MARCAI DESIGN, Meiho Facility Works, Nikken Sekkei, NTT FACILITIES, Obayashi Corporation, SHINRYO Corporation, TAISEI Corporation.
Support Infrastructure Providers: 3M, ABB, Alfa Laval, Caterpillar, Cummins, Delta Electronics, Eaton, Fuji Electric, HITEC Power Protection, Johnson Controls, Kawasaki Heavy Industries, KOHLSER-SDMO, Legrand, Mitsubishi Electric, Rittal, Rolls-Royce, Schneider Electric, STULZ, Siemens, Vertiv.
Data Center Investors: AirTrunk, Alibaba Cloud, Amazon Web Services, AT TOKYO, Colt Data Centre Services, Digital Edge, Equinix, Fujitsu, Goodman, Google, IDC Frontier, Internet Initiative Japan (IIJ), MC Digital Realty, Microsoft, NTT Communications, SCSK Corporation (NETXDC), Telehouse, Tencent Cloud, TIS INTEC Group.
New Entrants: Ada Infrastructure, Edge Centres, CyrusOne, ESR, GDS Services, Keppel Data Centres, NEXTDC, Princeton Digital Group (PDG), SC Zeus Data Center, STACK Infrastructure, ST Telemedia Global Data Centres, Vantage Data Centers, Yondr.
The Hong Kong Data Center Market will Witness Investments of $4.80 Billion by 2029.
Get Insights on 54 Existing Data Centers and 12 Upcoming Facilities across Hong Kong.
The Hong Kong data center market is booming, driven by the increasing demand for digital services. The data center investments in Hong Kong over the next two to three years are expected to remain high due to the surge in demand and the significant boost due to the advancements in AI technologies. Investors are actively investing in this market.
Hong Kong is a mature and thriving market for data center development in the APAC region. Investors find it an attractive market owing to the high internet and social media usage levels, a robust business ecosystem, and excellent connectivity through both inland and submarine cables. Additionally, the deployment of 5G technology further enhances its appeal.
Hong Kong stands out globally for the incredibly high rates of cell phone and home broadband service usage. With around 300 licensed internet service providers, there is robust competition, providing data center operators with a wide range of choices.
Hong Kong is considered an attractive destination for businesses due to various reasons. Its proximity to mainland China and its import-export relations with major markets, such as China and the US, make it easier for businesses to operate. Additionally, the market has experienced significant growth in Foreign Direct Investment (FDI), ranking after countries like the UK, the US, and China.
Investment Opportunities
In December 2023, the company completed the core and shell construction of phase-1 of the MEGA IDC data center campus. The facility has already signed lease agreements with cloud service providers and international banks for its available space. The company plans to expand the campus through phase-2 during the forecast period.In March 2023, the company launched its seventh data center facility, MEGA Gateway, in Tsuen Wan. The facility is part of its connected MEGA campus.Goodman is among the major investors in the Hong Kong market, and it is continuously expanding its data center presence. In March 2024, the company announced the construction of the new Texaco data center facility in Tsuen Wan. The facility is a brownfield construction that involved the conversion of an industrial building into a data center facility. The facility is likely to go online by 2026.Over 60% Of Future Demand to Come from Cloud Service Providers
The Hong Kong data center market has the presence of on-premises data centers operated by educational institutions, the government, and financial services such as HSBC Bank. A significant decline in on-premises data centers will occur in the next three to five years owing to the increase in digitalizing initiatives across sectors and the strong growth in demand for colocation and cloud services. In addition, most existing service providers offer managed solutions to enterprise customers, which will likely grow in the market from 2024-2029.
The market has the presence of all global cloud operators, such as Amazon Web Services (AWS), Google, Microsoft, Alibaba Cloud, Huawei Cloud, and Tencent Cloud. This will propel the demand for wholesale colocation services through these service providers’ continuous expansion initiatives. The cloud segments will likely dominate capacity take-up over the next five years. In addition, the market will witness the entry of multiple global organizations to service customers through a local presence.
To Buy this Research Now, Click: https://www.arizton.com/market-reports/hong-kong-data-center-market-size-analysis
Existing VS. Upcoming Data Centers
Existing Facilities in the Region (Area and Power Capacity)Tseung Kwan OKwai ChungTsuen WanFanlingFo TanChai WanTai PoOther LocationList of Upcoming Facilities in the Region (Area and Power Capacity)Tseung Kwan OKwai ChungTsuen WanFanlingFo TanChai WanTai PoOther LocationVendor Analysis
IT Infrastructure Providers: Arista Network, Atos, Cisco Systems, Dell Technologies, Fujitsu, Hewlett Packard Enterprise (HPE), Huawei Technologies, IBM, Inspur, Lenovo, NetApp.
Data Center Construction Contractors & Sub-Contractors: Arup, AtkinsRéalis, Aurecon, BYME Engineering, Chung Hing Engineers Group, Cundall, DSCO Group, Gammon Construction, ISG, Studio One Design.
Support Infrastructure Providers: ABB, Airedale, Caterpillar, Cummins, Delta Electronics, Eaton, Fuji Electric, KOHLER, Legrand, Mitsubishi Electric, Piller Power Systems, Rittal, Schneider Electric, Siemens, STULZ, Sumber, Vertiv.
Data Center Investors: AirTrunk, BDx, CITIC Telcom International, China Mobile International (CMI), China Unicom, Digital Realty, Equinix, ESR, GDS Services, Global Switch, Goodman, iTech Towers Data Centre Services, NTT DATA, SUNeVision Holdings (iAdvantage), Telehouse, Towngas Telecom (TGT), Vantage Data Centers.
New Entrants: Angelo Gordon and Mapletree Investments
Japan & Hong Kong Data Center Market Segmentation
IT Infrastructure
Servers
Storage Systems
Network Infrastructure
Electrical Infrastructure
UPS Systems
Generators
Transfer Switches & Switchgears
PDUs
Other Electrical Infrastructure
Mechanical Infrastructure
Cooling Systems
Rack Cabinets
Other Mechanical Infrastructure
Cooling Systems
CRAC & CRAH Units
Chiller Units
Cooling Towers, Condensers & Dry Coolers
Economizers & Evaporative Coolers
Other Cooling Units
General Construction
Core & Shell Development
Installation & Commissioning Services
Engineering & Building Design
Fire Detection & Suppression Systems
Physical Security
DCIM
Tier Standard
Tier I & Tier II
Tier III
Tier IV
Check Out Some of the Top Selling Research Reports:
Malaysia Data Center Market – Investment Analysis & Growth Opportunities 2024-2029https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Singapore Data Center Market – Investment Analysis & Growth Opportunities 2024-2029https://www.arizton.com/market-reports/singapore-data-center-market-size-analysis
Southeast Asia Data Center Construction Market – Industry Outlook & Forecast 2024-2029https://www.arizton.com/market-reports/southeast-asia-data-center-construction-market
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We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
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