PR Newswire
21 Jun 2022, 12:42 GMT+10
Digital health solutions will become inevitable to support better healthcare outcomes at lower costs, says Frost & Sullivan
SAN ANTONIO, June 21, 2022 /PRNewswire/ -- The increased number of patients using digital health tools, such as telehealth and other enterprise IT solutions, empowered consumers to manage their health and accelerated global digital health market growth, according to Frost & Sullivan's recent analysis, Global Digital Health Outlook. These tools will help ensure patient engagement and avoid staff burnout. Under the aspirational scenario, the global market for digital health will likely garner $205.13 billion in revenue by the end of 2022 from $178.37 billion in 2021.
For further information on this analysis, please click here.
"As digital transformation in healthcare soars along with the urgency for well-integrated solutions, healthcare stakeholders and consumers demand holistic solutions delivered via digital platforms," said Chandni Mathur, Healthcare & Life Sciences Senior Consultant at Frost & Sullivan. "Further, innovation, usage of advanced analytics and artificial intelligence (AI), and, most importantly, interoperability will be key in 2022 and beyond."
Mathur added: "With the continuous development of direct-to-consumer healthcare models, patient experience will take center stage as a key differentiator in terms of services. Digital health companies will need to position themselves as customer value creators in the minds of healthcare providers."
Digital health vendors' move to meet the quadruple aim-lower costs, improve peoples' health, enhance the patient experience, and team well-being-in the healthcare space presents lucrative growth prospects for market participants, including:
Global Digital Health Outlook, 2022 is the latest addition to Frost & Sullivan's Healthcare & Life Sciences research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
For over six decades, Frost & Sullivan has helped build sustainable growth strategies for Fortune 1000 companies, governments, and investors. We apply actionable insights to navigate economic changes, identify disruptive technologies, and formulate new business models to create a stream of innovative growth opportunities that drive future success. Contact us: Start the discussion.
Global Digital Health Outlook, 2022
K73E
Contact:
Maria Celeste Bailo
Corporate Communications
E: [email protected]
https://www.frost.com/
SOURCE Frost & Sullivan
Get a daily dose of Malaysia Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.
More InformationNearly three months after a devastating earthquake struck Myanmar, the country remains trapped in a deepening crisis, compounded by...
BEIJING, July 4 (Xinhua) -- Ahead of Chinese President Xi Jinping's state visit to Brazil late last year, the Portuguese edition of...
BEIJING, July 4 (Xinhua) -- On the banks of the shimmering Huangpu River that cuts through the Chinese metropolis of Shanghai sits...
Moscow seeks to build a full-fledged partnership, according to its ambassador in Kabul Moscow has officially recognized the Taliban...
The Labour Party is demoralized and in despair just a year after taking power, the outlet has reported UK Prime Minister Keir Starmer...
Dhaka [Bangladesh], July 4 (ANI): Foreign Affairs Advisor to Bangladesh's Interim Government, Md Towhid Hossain, on Thursday, indicated...
NEW YORK, New York -U.S. stock markets closed with broad gains on Thursday, led by strong performances in U.S. tech stocks, while European...
LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential...
PARIS, France: L'Oréal is making a fresh play in the booming premium haircare segment with a new acquisition. The French beauty conglomerate...
MENLO PARK, California: Robinhood is giving European investors a new way to tap into America's most prominent tech names — without...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...