Artificial Intelligence
Digital Health Market Size Will Attain USD 780.05 Billion by 2030 Growing at 16.1% CAGR – Exclusive Report by Facts & Factors
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NEW YORK, US, Feb. 01, 2023 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “Digital Health Market Size, Share, Growth Analysis Report By Component (Services, Software, and Hardware), By Technology (Digital Health Systems, Healthcare analytics, Tele-Healthcare, and mHealth), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030” in its research database.
“According to the latest research study, the demand of global Digital Health Market size & share was valued at approximately USD 195.1 billion in 2021. The market is expected to grow above a CAGR of 16.1% and is anticipated to reach over USD 780.05 billion by 2030.”
The report analyzes the digital health market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the global digital health market.
Digital Health Market Overview:
Digital health is sometimes referred to as digital healthcare and it is the amalgamation of healthcare and technology. It is a multidisciplinary and broad concept that brings together two main segments of the modern world that is medicine and technological science under one roof.
Digital health incorporated the use of digital technology to transform the healthcare segment by making use of software programs, hardware systems, and associated or supportive services. It is inclusive of mobile health also called mHealth applications along with electronic medical records (EMRs), telehealth, electronic health records (EHRs), and telemedicine.
A large part of it is catering to the growing demand for personalized medical care. Several stakeholders are a part of digital health and include medical practitioners, patients, application developers, researchers, distributors, and manufacturers of smart devices. Digital health is an important segment of modern healthcare infrastructure.
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Industry Growth Drivers
- Growing technological developments in devices
The global digital health market is projected to grow owing to the increasing technological developments in devices used to maintain digital health records as well as the enhancing quality of associated services provided to the several stakeholders in the global market. The modern-age digital health systems are making use of advanced technologies like artificial intelligence, interoperable data, and machine learning, along with secure open platforms that are the center of technological growth in digital health systems and software. Advancements in big data & machine learning and the growing incorporation of these techniques in producing higher-grade digital health devices could change the way the global market functions in the coming years.
Factors like increasing producer and services awareness along with growing efforts by international health institutes and government agencies to encourage digital health in the national healthcare infrastructure could further drive the global market revenue generation. For instance, the 2021 announcement by the French government for an investment of USD 650 million toward the expansion of the country’s digital healthcare program is a recent example showcasing the seriousness governments have shown for digital health.
Restraints
- Concerns over health data ownership to restrict market expansion
The dwindling number of healthcare professionals in the global medical community could be a matter of major concern in the global market. As the population is growing at an exponential rate, the demand for quality medical professionals is on the rise. However, there is a significant gap between the required number of medical professionals and the actual number present in the healthcare sector. The World Health Organization (WHO) claims that there may be a shortage of almost 15 million medical personnel by the end of 2030.
Opportunities
- Growing awareness to provide growth opportunities
The growing awareness may provide growth opportunities whereas the adoption of new technology could act as a major challenge.
Browse the full “Digital Health Market Size, Share, Growth Analysis Report By Component (Services, Software, and Hardware), By Technology (Digital Health Systems, Healthcare analytics, Tele-Healthcare, and mHealth), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030” Report at https://www.fnfresearch.com/digital-health-market
Report Scope:
| Report Attribute | Details |
| Market Size in 2021 | USD 195.1 Billion |
| Projected Market Size in 2030 | USD 780.05 Billion |
| CAGR Growth Rate | 16.1% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022-2030 |
| Key Market Players | Allscripts, Cerner Corporation (Oracle), AirStrip Technologies, Mckesson Corporation, Vodafone Group, Apple Inc., Samsung Electronics Co. Ltd., Epic Systems Corporation, and others. |
| Key Segment | By Component, Technology, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Purchase Options | Request customized purchase options to meet your research needs. |
Key Insights from Primary Research
- As per the analysis, the digital health market share is likely to grow above a CAGR of around 16.1% between 2022 and 2030.
- The Digital Health market size was worth around US$ 195.1 billion in 2021 and is estimated to hit approximately US$ 780.05 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The market is projected to grow at a significant rate due to the benefits offered by digital health
- Based on technology segmentation, telehealthcare was predicted to show maximum market share in the year 2021
- Based on component segmentation, services were the leading component in 2021
- On the basis of region, North America was the leading revenue generator in 2021
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Digital Health Market: Segmentation Analysis
The global digital health market is segmented based on component, technology, and region
Based on components, the global market segments are services, software, and hardware. The global market registered the highest growth in the services segment in 2021 with around 45% of the segmental market share attributed to growing investments in staffing, training, maintenance, and installation of digital health.
As the technology keeps growing with constant changes including additions of new features and removal or upgrading of older features, the demand for installation and training is on the rise. Most of the device providers manage an internal team that is solely responsible for the after-sale services since it is important for future growth.
Based on technology, the global market is divided into digital health systems, healthcare analytics, tele-healthcare, and mhealth. The global market registered the highest growth in the tele-healthcare segment which regenerated around 41.56% of the segmental revenue. The growing demand for managing and monitoring healthcare data along with other factors like population management in real-time and secure storage of healthcare-related information is leading the demand for tele-healthcare. The segment may register a high CAGR due to the growing remote patient care trend which comes along with its own sets of benefits in managing chronic conditions like cardiovascular diseases or diabetes.
Regional Analysis:
- North America to lead with the highest CAGR
North America is projected to lead the global digital health market with the US generating the highest regional market revenue. The country is home to some of the biggest manufacturers of digital health software and hardware. They also provide exceptional post-purchase or post-installation services. Since the devices are manufactured by domestic companies, the price at which the product is offered is relatively low compared to the selling price in the international market. This encouraged the local population to adopt the systems or devices since they are affordable.
The US and Canadian population is investing in gaining more control over their health and hence the demand for digital health is reaching new heights with every growth. Growth in Asia-Pacific may be driven by the increasing number of local players offering quality products and services to its growing population and the subsequently increasing number of patients.
Competitive Players
The report contains qualitative and quantitative research on the global digital health market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global Digital Health market include;
- Allscripts
- Cerner Corporation (Oracle)
- AirStrip Technologies
- Mckesson Corporation
- Vodafone Group
- Apple Inc.
- Samsung Electronics Co. Ltd.
- Epic Systems Corporation
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Recent Industry Developments:
- In February 2022, the Government of India announced the launch of two new projects on digital health. The two new launches include a national tele-mental health program and the other one is an open platform to encourage the country’s vision for digital health
- In October 2022, the World Health Organization (WHO) along with the Qatar Ministry of Health announced the launch of a new artificial intelligence-powered Florence version 2.0 which offers an innovative platform to share and discuss various health issues in seven different languages
- In October 2022, Tribun Health and GE Healthcare announced a collaboration intended toward providing digital department solutions in the pathology segment.
- In November 2022, Teva Pharmaceuticals joined hands with HealthSnap to help the former company expand its consumer reach for the company’s respiratory digital health platform.
The global digital health market is segmented as follows:
By Component
- Services
- Software
- Hardware
By Technology
- Digital Health Systems
- Healthcare analytics
- Tele-Healthcare
- mHealth
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Key questions answered in this report:
- What is the market size and growth rate forecast for Digital Health industry?
- What are the main driving factors propelling the Digital Health Market forward?
- What are the leading companies in the Digital Health Industry?
- What segments does the Digital Health Market cover?
- How can I receive a free copy of the Digital Health Market sample report and company profiles?
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Artificial Intelligence
Group-IB takes part in a global operation to cripple Canadian Phishing-as-a-Service provider LabHost
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Artificial Intelligence
Malaysia Data Center Market to Witness $3.97 Billion Investment Opportunities by 2029, Get Insights on 34 Existing Data Centers and 33 Upcoming Facilities across Malaysia – Arizton
CHICAGO, April 18, 2024 /PRNewswire/ — According to Arizton’s latest research report, the Malaysia data center market is growing at a CAGR of 13.92% during the forecast period.
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Malaysia Data Center Market Report Scope
Report Attributes
Details
Market Size (Investment)
USD 3.97 Billion (2029)
Market Size (Area)
883 Thousand Sq. Feet (2029)
Market Size (Power Capacity)
163 MW (2029)
CAGR Investment (2023-2029)
13.92 %
Colocation Market Size (Revenue)
USD 1.23 Billion (2029)
Historic Year
2020-2022
Base Year
2023
Forecast Year
2024-2029
Over the next few years, Malaysia is poised to witness significant growth in data center investments, driven by the influx of operators like AirTrunk, Equinix, Princeton Digital Group, and other leading companies. Key hubs like Cyberjaya, Kuala Lumpur, and Johor Bahru are expected to see heightened activity, hosting most of the country’s data centers.
The wholesale colocation sector is projected to experience a revenue surge fueled by major cloud players like Microsoft, Google, and AWS. These companies have unveiled plans to establish dedicated cloud regions within Malaysia, with expected timelines for deployment within the next one to two years. This trend underscores Malaysia’s growing importance as a regional hub for data infrastructure and cloud services.
Malaysia is among the top expensive markets globally for developing data centers. Malaysia’s data center construction cost in 2023 stood at about $8.5-$10 million per MW, making it the costliest market in the APAC region after Singapore and Jakarta.
Investment Opportunities in the Malaysia Data Center Market
In November 2023, ST Telemedia Global Data Centres announced its plans to develop a new data center campus in Johor. The construction of the first building is likely to begin soon and become operational by 2025. The company formed a joint venture with Basis Bay to develop a new data center campus with two buildings, Cyberjaya DC.2 and STT Kuala Lumpur 1 in Cyberjaya, Selangor.In October 2023, EDGNEX Data Centres by DAMAC announced its plans to enter the APAC market for the first time; the company is considering a facility in Cyberjaya, Selangor. The expected investment can cross the $52 million mark.In October 2023, Infinaxis Data Centre Holdings, the joint venture between Gaw Capital Partners and A3 Capital, announced the construction of its first data center facility in Cyberjaya. The facility will have 10 data halls and will likely be operational by Q2 2025.In September 2023, EdgeConneX announced its plans to expand its footprint in Malaysia with the development of three data centers sites across Bukit Jalil, Kuala Lumpur, and Cyberjaya. The company plans to develop data centers in partnership with Cyberview.To Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Market Trends
According to IRENA, in 2022, hydroenergy accounted for around 69% of the renewable energy capacity in Malaysia, followed by solar energy, which contributed about 21%, along with a 10% contribution by bioenergy.Malaysia aims to achieve the target of net-zero carbon emissions by 2050. To make this goal a reality, WWF-Malaysia is partnering with Boston Consulting Group to develop an independent joint study on the country’s optimal net zero pathway.The government of Malaysia has established a green tariff scheme to support its carbon-neutrality target. Under the scheme, subscribers can get electricity from solar or hydro sources instead of fossil fuel sources.Mergers, acquisitions, joint ventures, and partnerships are key strategies employed by operators to expand their portfolios and global footprint. For example:
In December 2023, Chindata Group merged with BCPE Chivalry Merger Sub, a wholly owned subsidiary of BCPE Chivalry Bidco, completing its transition to a private company from a public one.November 2023 saw ST Telemedia Global Data Centres, in a joint venture with Basis Bay, announcing plans to develop a new data center campus with two buildings in Cyberjaya, Selangor.A3 Capital and Gaw Capital Partners formed a joint venture in February 2023 to establish Infinaxis Data Centre Holdings to develop and operate data centers across Malaysia and Southeast Asia.MN Holdings, an engineering services and solutions company, signed a Memorandum of Understanding (MoU) in April 2023 with Shanghai DC-Science, outlining an investment of approximately $600 million to develop a data center site at the Sedenak Tech Park, Johor.Why Should You Buy This Research?
Market size is available regarding investment, area, power capacity, and Malaysia colocation market revenue.An assessment of the data center investment in Malaysia by colocation, hyperscale, and enterprise operators.Investments in the area (square feet) and power capacity (MW) across cities in the country.A detailed study of the existing Malaysia data center market landscape, an in-depth market analysis, and insightful predictions about market size during the forecast period.Snapshot of existing and upcoming third-party data center facilities in MalaysiaFacilities Covered (Existing): 34Facilities Identified (Upcoming): 33Coverage: 9 LocationsExisting vs. Upcoming (Area)Existing vs. Upcoming (IT Load Capacity)Data Center Colocation Market in MalaysiaColocation Market Revenue & Forecast (2023-2029)Wholesale vs. Retail Colocation Revenue (2023-2029)Retail Colocation PricingWholesale Colocation PricingThe Malaysia data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.A transparent research methodology and the analysis of the demand and supply aspects of the industry.Buy this Research @ https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Post-Purchase Benefit
1hr of free analyst discussion10% off on customizationThe Report Includes the Investment in the Following Areas:
IT InfrastructureServersStorage SystemsNetwork InfrastructureElectrical InfrastructureUPS SystemsGeneratorsSwitches & SwitchgearsPDUsOther Electrical InfrastructureMechanical InfrastructureCooling SystemsRack CabinetsOther Mechanical InfrastructureCooling SystemsCRAC and CRAHChillersCooling Tower and Dry CoolersOther Cooling UnitsGeneral ConstructionCore & Shell DevelopmentInstallation & Commissioning ServicesBuilding & Engineering DesignFire Detection & Suppression SystemsPhysical SecurityData Center Infrastructure Management (DCIM)Tier StandardTier I & Tier IITier IIITier IV GeographySelangorJohorOther StatesVendor Landscape
IT Infrastructure Providers
Cisco SystemsDell TechnologiesFujitsuHewlett Packard EnterpriseHuawei TechnologiesIBMInspurLenovoNetAppData Center Construction Contractors & Sub-Contractors
Advance Power EngineeringAsima ArchitectsAVO TechnologyB-Global TechCTC-GlobalCSF GroupCyclect GroupDSCO GroupGamudaGCM TechnologiesHSS EngineersISGKienta Engineering ConstructionLSK EngineeringMES GroupM+W Group (Exyte)MN HoldingsNakanoNTT FACILITIESPowerware SystemsS5 EngineeringShaw ArchitectSunway Construction GroupUnique CentralSupport Infrastructure Providers
ABBCaterpillarCumminsEatonFuji ElectricHITEC Power ProtectionKOHLER PowerLegrandMitsubishi ElectricNarada Power SourcePiller Power SystemsRittalRolls-RoyceSchneider ElectricSiemensSocomecSTULZTraneVertivData Center Investors
Bridge Data CentresEdge CentresGDS ServicesIRIX (PP TELECOMMUNICATION)Keppel Data CentresNTT DATAOpen DCTM OneVantage Data CentersYTL Data Center HoldingsNew Entrants
AirTrunkAmazon Web Services (AWS)EdgeConneXEquinixFutureData (Cyclect Group + TSG Group)Googlei-BerhadInfinaxis Data Centre HoldingsMN Holdings + Shanghai DC-ScienceMicrosoftNEXTDCPrinceton Digital GroupRegal OrionSingtelST Telemedia Global Data CentresYondrTo Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Key Questions Answered in the Report:
What factors are driving the Malaysian data center industry?
How big is the Malaysia data center market?
How many MW of power capacity will be added across Malaysia during 2024 to 2029?
What is the growth rate of the Malaysia data center market?
Which states are included in the Malaysia data center market report?
Get the Detailed TOC @ https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
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