The Digital Health vertical focuses on digital technologies that have disrupted traditional delivery models and transformed the culture of patient care, such as artificial intelligence, big data, blockchain, and cloud technology.
The global NGS informatics and clinical genomics market encompasses major regions such as North America, Europe, Asia-Pacific, Middle East and Africa, and Rest-of-the-World (RoW). North America is the leading region in the NGS informatics and clinical genomics market accounting for approximately 45.45% and has an estimated value of $380.0 million (as of 2017).
The global edge analytics market was estimated to be $2.14 billion in 2017, and is expected to reach $13.44 billion by the end of 2025, registering a CAGR of 22.2% during the forecast period, 2018-2025.
The global blockchain in the healthcare market is expected grow at a CAGR of 63.85% from 2018 to 2025, to reach a value of $5.61 billion by 2025. The use of blockchain for healthcare data exchange will contribute the largest market share throughout the forecast period, reaching a value of $1.89 billion by 2025.
The global big data in healthcare market was estimated to be worth $14.25 billion in 2017, and is expected to grow over $68.75 billion by 2025, driven by growing adoption of cloud storage and analytics, large scale government initiatives to promote data driven innovation, and growing demand for wearables, and mhealth applications among consumers.
The global mobile medical apps market was estimated at $1.40 billion in 2016, and is anticipated to reach $11.22 billion by 2025, driven by the emergence of high speed networks, greater accessibility, security and affordability of smartphones.
Medical image analysis software application perform a vital role after the image has been acquired in digital form is the analysis of the acquired image to extract medically or clinically relevant information for diagnosis & treatment planning. It can be either for a general purpose or designed for any specific medical application area.
The global CDSS market is expected to reach a value $10.82 billion by the end of 2025 and is driven by the increasing demand for IT solutions to effectively reduce the healthcare costs. The rising number of chronic diseases and technical advancements in big data such as use of machine learning and artificial intelligence (AI) are further propelling the growth of the market.
The artificial intelligence market in healthcare sector is estimated to reach $XX million by 2025 at a CAGR of XX% through the forecast period. This growth in the artificial intelligence market in healthcare sector is attributed to the increasing need for driving huge amount of complex data which can be achieved with the usage of artificial intelligence.
The global population health management solution market can be segmented on the basis of type of component into software and services. The software segment is the leading segment of the PHM market considering the huge demand for PHM tools and platforms to collect, analyse and interpret clinical data to enable improved patient outcomes.
The global high acuity information solutions market is expected to reach $13.69 billion by the end of 2025 growing at a CAGR of 8% during the forecast period, 2017-2025. The major factors facilitating the growth of this market include significant emphasis on reducing the number of deaths due to medical errors, need for better workflow management under high acuity settings, rising government initiatives to reduce healthcare costs.
The healthcare industry is in a period of rapid change. Advancements in the fields of genetics, biomedical, and information technology are paving a way towards effective personalized treatments in accordance to the individual characteristics of the patients. Exploiting these opportunities requires effective usage of Big Data.