Digital Health Market by Technology - Global Industry Analysis and Forecast to 2025

Published On : May 2017 Pages : 103 Category: Healthcare IT Report Code : HC054 Format :

Industry Trend Analysis

The digital health market is estimated to be around $382 billion by 2025. Digital health is the convergence of digital technologies with healthcare. It facilitates speedy collection of relevant data and in turn the improvement of healthcare services. The global digital health market is rapidly expanding due to high penetration of mobile devices and internet connectivity all over the world. More than one third of the global population is estimated to own a smartphone by 2017. Innovations in technology enabled wearable health monitoring devices have propelled the digital health market to new heights. Integration of medical devices with smartphones has facilitated real time tracking of health parameters from distant locations. Remote monitoring services facilitating patient monitoring from a remote location is set to further drive the demand for digital health devices.

Product Outlook and Trend Analysis

The electronic health records (EHR) and e-prescription were the largest selling products in 2016. EHR segment witnessed substantial growth due to government initiatives and rise in investments for the development of innovative products. mHealth market is expected to register highest growth rate due to increase in smartphone sales and increased adoption of mobile communication technology. Cost effectiveness provided by mobile devices to monitor health related parameters has also driving the market growth. Low cost and high value applications of digital health products have resulted in their adoption at a fast pace globally. Health analytics product segment is expected to show consistent growth in the forecast period as they reduce the healthcare costs and incorrect diagnosis.

Regional Outlook and Trend Analysis

North America dominated the global digital health market in 2016, due to various programs adopted by different organizations (such as American Health Information Community and the American Orthopedic Society for Sports Medicine)offering sports medicine fellowships for conducting research to develop innovative products. Due to the adoption of HITECH act in 2009, the U.S. has witnessed tremendous advancements in digital health innovations. The European market is an attractive segment for the global players due to increasing number of chronic disorders in this region. Germany has seen a substantial growth in digital health market. In 2015, the E-Health Law was approved in Germany to improve the interoperability in different healthcare IT systems. Due to increasing geriatric population, Europe and China hold attractive opportunities for growth of digital health products.

Competitive Analysis

The major players in the digital health market focus on continuous innovation to bring new and advanced products in the market and stay ahead of the competition. Also, strategic alliances between the major players keep them above their competitors. New York City Economic Development Corporation (NYCEDC) has announced their 2017 digital health initiative to award $250,000 to top startups in digital health to encourage new startups to innovate and grow. Such initiatives will further drive the competitive forces to be more innovative.

Key players operating in this market are Cerner Corporation, AT & T, Inc., Qualcomm, Inc., Cisco Systems, Inc., Athena Health, Inc., Philips Healthcare, Biotelemetry, Inc., Lifewatch AG, McKesson Corporation, and eClinicalWorks.

Market Opportunities

Digital health offers more advanced and efficient healthcare services than traditional one. Increasing demand for advanced healthcare information systems propose lucrative opportunities for the expansion of digital health market. Remote monitoring services are changing the way health monitoring was perceived traditionally. The home healthcare segment also has enormous scope for the development of advanced innovative products with a rising demand for these products globally. Health analytics is a rapidly growing segment which is expected to see consistent innovations backed by investments from governments as well as large market players.

Digital Health Market Segmentation:

By Technology:

  • Telehealthcare
  • Telecare
  • Remote Medication Management
  • Activity Monitoring
  • Telehealth
  • Video Consulting
  • LTC Monitoring
  • mHealth
  • Wearables
  • Pulse Oximeters
  • Sleep apnea Monitors
  • BP Monitors
  • Glucose Meters
  • Neuromonitors
  • Apps
  • Fitness Apps
  • Medical Apps
  • Health Analytics
  • Digital Health Systems
  • E-prescribing Systems
  • Electronic Health Records (EHR)

By Region:

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia-Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • Turkey
  • United Arab Emirates
  • Others

Some of the key questions answered by the report are:

  • What was the market size in 2016 and forecast from 2017 to 2025?
  • What will be the industry market growth from 2017 to 2025?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

 

Market Classification

  • Digital Health Market, By Technology, Estimates and Forecast, 2016-2025 ($Million)
    • Tele Healthcare Market, By Type
      • Telecare
  • Activity Monitoring
  • Remote Medication Management
  • Telehealth
  • LTC Monitoring
  • Video Consulting
  • mHealth Market, By Type
    • Wearables
      • BP Monitors
      • Glucose Meters
      • Pulse Oximeters
      • Sleep Apnea Monitors
      • Neuromonitors
  • Apps
  • Medical Apps
  • Fitness Apps
  • Health Analytics Market, By Type
  • Digital Health Systems Market, By Type
  • Electronic Health Records
  • E-prescribing Systems
  • Digital Health Market, By Region, Estimates and Forecast, 2016-2025 ($Million)
    • North America
  • North America Digital Health  Medical Device Market, By Country
  • North America Digital Health  Medical Device Market, By Technology
    • U.S. Digital Health  Medical Device Market, By Technology
    • Canada Digital Health  Medical Device Market, By Technology
    • Mexico Digital Health  Medical Device Market, By Technology
    • Europe
  • Europe Digital Health  Medical Device Market, By Country
  • Europe Digital Health  Medical Device Market, By Technology
    • Germany Digital Health  Medical Device Market, By Technology
    • France Digital Health  Medical Device Market, By Technology
    • UK Digital Health  Medical Device Market, By Technology
    • Italy Digital Health  Medical Device Market, By Technology
    • Spain Digital Health  Medical Device Market, By Technology
    • Rest of Europe Digital Health  Medical Device Market, By Technology
    • Asia-Pacific
      • Asia-Pacific Digital Health  Medical Device Market, By Country
      • Asia-Pacific Digital Health  Medical Device Market, By Technology
        • Japan Digital Health  Medical Device Market, By Technology
        • China Digital Health  Medical Device Market, By Technology
        • Australia Digital Health  Medical Device Market, By Technology
        • India Digital Health  Medical Device Market, By Technology
        • South Korea Digital Health  Medical Device Market, By Technology
        • Rest of Asia-Pacific Digital Health  Medical Device Market, By Technology
    • Rest of the World
      • Rest of the World Digital Health  Medical Device Market, By Country
      • Rest of the World Digital Health  Medical Device Market, By Technology
        • Brazil Digital Health  Medical Device Market, By Technology
        • South Africa Digital Health  Medical Device Market, By Technology
        • Saudi Arabia Digital Health  Medical Device Market, By Technology
        • Turkey Digital Health  Medical Device Market, By Technology
        • United Arab Emirates Digital Health  Medical Device Market, By Technology
        • Others Digital Health  Medical Device Market, By Technology

Table of Contents

1. Introduction

1.1. Report Description

1.2. Research Methodology

1.2.1. Secondary Research

1.2.2. Primary Research

2. Executive Summary

2.1. Key Highlights

3. Market Overview

3.1. Introduction

3.1.1. Market Definition

3.1.2. Market Segmentation

3.2. Market Share Analysis

3.3. Market Dynamics

3.3.1. Drivers

3.3.1.1. Rise in Global Penetration of Mobile Devices and Internet

3.3.1.2. Integration of Medical Devices with Smart Phones

3.3.2. Restraints

3.3.2.1. High Capital Expenditure

3.3.2.2. Privacy and Safety Issues

3.3.3. Opportunities

3.3.3.1. Rising Demand for Advanced Information Systems in Healthcare

3.4. Industry Trends

4. Digital Health Market, By Technology

4.1. Introduction

4.2. Global Digital Health Market Assessment and Forecast, By Technology, 2016-2025

4.3. Telehealthcare

4.3.1. Global Market Assessment and Forecast, By Type, 2016-2025 ($Million)

4.3.2. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.3.3. Telecare

4.3.3.1. Market Assessment and Forecast, By Type, 2016-2025 ($Million)

4.3.3.2. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.3.3.3. Activity Monitoring

4.3.3.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.3.3.4. Remote Medication Management

4.3.3.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.3.4. Telehealth

4.3.4.1.1. Market Assessment and Forecast, By Type, 2016-2025 ($Million)

4.3.4.1.2. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.3.4.2. LTC Monitoring

4.3.4.2.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.3.4.3. Video consulting

4.3.4.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.4. mHealth

4.4.1. Global Market Assessment and Forecast, By Type, 2016-2025 ($Million)

4.4.2. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.4.3. Wearables

4.4.3.1. Market Assessment and Forecast, By Type, 2016-2025 ($Million)

4.4.3.2. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.4.3.3. BP Monitors

4.4.3.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.4.3.4. Glucose Meters

4.4.3.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.4.3.5. Pulse Oximeters

4.4.3.5.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.4.3.6. Sleep Apnea Monitors

4.4.3.6.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.4.3.7. Neuromonitors

4.4.3.7.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.4.4. Apps

4.4.4.1. Market Assessment and Forecast, By Type, 2016-2025 ($Million)

4.4.4.2. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.4.4.3. Medical Apps

4.4.4.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.4.4.4. Fitness Apps

4.4.4.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.5. Health Analytics

4.5.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.6. Digital Health Systems

4.6.1. Global Market Assessment and Forecast, By Type, 2016-2025 ($Million)

4.6.2. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.6.3. Electronic Health Records

4.6.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.6.4. E-Prescribing Systems

4.6.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

5. Digital Health Market, By Region

5.1. Introduction

5.2. Digital Health Market Assessment and Forecast, By Region, 2016-2025 ($Million)

5.3. North America

5.3.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)

5.3.2. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.3.2.1. U.S.

5.3.2.1.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.3.2.2. Canada

5.3.2.2.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.3.2.3. Mexico

5.3.2.3.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.4. Europe

5.4.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)

5.4.2. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.4.2.1. Germany

5.4.2.1.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.4.2.2. France

5.4.2.2.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.4.2.3. UK

5.4.2.3.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.4.2.4. Italy

5.4.2.4.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.4.2.5. Spain

5.4.2.5.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.4.2.6. Russia

5.4.2.6.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.4.2.7. Rest of Europe

5.4.2.7.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.5. Asia-Pacific

5.5.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)

5.5.2. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.5.2.1. Japan

5.5.2.1.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.5.2.2. China

5.5.2.2.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.5.2.3. Australia

5.5.2.3.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.5.2.4. India

5.5.2.4.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.5.2.5. South Korea

5.5.2.5.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.5.2.6. Taiwan

5.5.2.6.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.5.2.7. Rest of Asia-Pacific

5.5.2.7.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.6. Rest of the World

5.6.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)

5.6.2. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.6.2.1. Brazil

5.6.2.1.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.6.2.2. Turkey

5.6.2.2.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.6.2.3. Saudi Arabia

5.6.2.3.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.6.2.4. South Africa

5.6.2.4.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.6.2.5. United Arab Emirates

5.6.2.5.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

5.6.2.6. Others

5.6.2.6.1. Market Assessment and Forecast, By Technology, 2016-2025 ($Million)

6. Company Profiles

6.1. Cerner Corporation

6.1.1. Business Overview

6.1.2. Product Portfolio

6.1.3. Key Financials

6.1.4. Strategic Developments

6.2. AT&T Inc.

6.2.1. Business Overview

6.2.2. Product Portfolio

6.2.3. Key Financials

6.2.4. Strategic Developments

6.3. Qualcomm, Inc.

6.3.1. Business Overview

6.3.2. Product Portfolio

6.3.3. Key Financials

6.3.4. Strategic Developments

6.4. Cisco Systems, Inc.

6.4.1. Business Overview

6.4.2. Product Portfolio

6.4.3. Key Financials

6.4.4. Strategic Developments

6.5. Athena Health Inc.

6.5.1. Business Overview

6.5.2. Product Portfolio

6.5.3. Key Financials

6.5.4. Strategic Developments

6.6. Philips healthcare

6.6.1. Business Overview

6.6.2. Product Portfolio

6.6.3. Strategic Developments

6.6.4. Biotelemetry, Inc.

6.6.5. Business Overview

6.6.6. Product Portfolio

6.6.7. Key Financials

6.6.8. Strategic Developments

6.7. Lifewatch AG

6.7.1. Business Overview

6.7.2. Product Portfolio

6.7.3. Key Financials

6.7.4. Strategic Developments

6.8. McKesson Corporation

6.8.1. Business Overview

6.8.2. Product Portfolio

6.8.3. Key Financials

6.8.4. Strategic Developments

6.9. eClinicalWorks

6.9.1. Business Overview

6.9.2. Product Portfolio

6.9.3. Key Financials

6.9.4. Strategic Developments


List of Tables

Table 1.Global Digital Health Market, By Technology ($Million), 2016-2025
Table 2.Telehealthcare Market, By Type ($Million), 2016-2025
Table 3.Telehealthcare Market, By Region ($Million), 2016-2025
Table 4.Telecare Market, By Type ($Million), 2016-2025
Table 5.Telecare Market, By Region ($Million), 2016-2025
Table 6.Activity Monitoring Market, By Region ($Million), 2016-2025
Table 7.Remote Medication Management Market, By Region ($Million), 2016-2025
Table 8.Telehealth Market, By Type ($Million), 2016-2025
Table 9.Telehealth Market, By Region ($Million), 2016-2025
Table 10.LTC Monitoring Market, By Region ($Million), 2016-2025
Table 11.Video consulting Market, By Region ($Million), 2016-2025
Table 12.mHealth Market, By Type ($Million), 2016-2025
Table 13.mHealth Market, By Region ($Million), 2016-2025
Table 14.Wearables Market, By Type ($Million), 2016-2025
Table 15.Wearables Market, By Region ($Million), 2016-2025
Table 16.BP Monitors Market, By Region ($Million), 2016-2025
Table 17.Glucose Meters Market, By Region ($Million), 2016-2025
Table 18.Pulse Oximeters Market, By Region ($Million), 2016-2025
Table 19.Sleep Apnea Monitors Market, By Region ($Million), 2016-2025
Table 20.Neurological Monitors Market, By Region ($Million), 2016-2025
Table 21.Apps Market, By Type ($Million), 2016-2025
Table 22.Apps Market, By Region ($Million), 2016-2025
Table 23.Medical Apps Market, By Region ($Million), 2016-2025
Table 24.Fitness Apps Market, By Region ($Million), 2016-2025
Table 25.Health Analytics Market, By Region ($Million), 2016-2025
Table 26.Digital Health Systems Market, By Type ($Million), 2016-2025
Table 27.Digital health Systems Market, By Region ($Million), 2016-2025
Table 28.Elecronic Health Records Market, By Region ($Million), 2016-2025
Table 29.E-prescribing Systems Market, By Region ($Million), 2016-2025
Table30.Digital Health Market, By Region, 2016-2025 ($Million)
Table 31.North America Digital Health Market, By Country, 2016-2025 ($Million)
Table 32.North America Digital Health Market, By Technology, 2016-2025 ($Million)
Table 33.U.S. Digital Health Market, by Technology, 2016-2025 ($Million)
Table 34.Canada Digital Health Market, By Technology, 2016-2025 ($Million)
Table 35.Mexico Digital Health Market, By Technology, 2016-2025 ($Million)
Table 36.Europe Digital Health Market, By Country, 2016-2025 ($Million)
Table 37.Europe Digital Health Market, By Technology, 2016-2025 ($Million)
Table 38.Germany Digital Health Market, By Technology, 2016-2025 ($Million)
Table 39.France Digital Health Market, By Technology, 2016-2025 ($Million)
Table 40.UK Digital Health Market, By Technology, 2016-2025 ($Million)
Table 41.Italy Digital Health Market, By Technology, 2016-2025 ($Million)
Table 42.Spain Digital Health Market, By Technology, 2016-2025 ($Million)
Table 43.Russia Digital Health Market, By Technology, 2016-2025 ($Million)
Table 44.Rest of Europe Digital Health Market, By Technology, 2016-2025 ($Million)
Table 45.Asia-Pacific Digital Health Market, By Country, 2016-2025 ($Million)
Table 46.Asia-Pacific Digital Health Market, By Technology, 2016-2025 ($Million)
Table 47.Japan Digital Health Market, By Technology, 2016-2025 ($Million)
Table 48.China Digital Health Market, By Technology, 2016-2025 ($Million)
Table 49.Australia Digital Health Market, By Technology, 2016-2025 ($Million)
Table 50.India Digital Health Market, By Technology, 2016-2025 ($Million)
Table 51.South Korea Digital Health Market, By Technology, 2016-2025 ($Million)
Table 52.Taiwan Digital Health Market, By Technology, 2016-2025 ($Million)
Table 53.Rest of Asia-Pacific Digital Health Market, By Technology, 2016-2025 ($Million)
Table 54.Rest of the World Digital Health Market, By Country, 2016-2025 ($Million)
Table 55.Rest of the World Digital Health Market, By Technology, 2016-2025 ($Million)
Table 56.Brazil Digital Health Market, By Technology, 2016-2025 ($Million)
Table 57.Turkey Digital Health Market, By Technology, 2016-2025 ($Million)
Table 58.Saudi Arabia Digital Health Market, By Technology, 2016-2025 ($Million)
Table 59.South Africa Digital Health Market, By Technology, 2016-2025 ($Million)
Table 60.United Arab Emirates Digital Health Market, By Technology, 2016-2025 ($Million)
Table 61.Others Digital Health Market, By Technology, 2016-2025 ($Million)
Table 62.Cerner Corporation: Key Strategic Developments, 2015-2017
Table 63.AT&T Inc: Key Strategic Developments, 2015-2017
Table 64.Qualcomm, Inc.: Key Strategic Developments, 2015-2017
Table 65.Cisco Systems, Inc.: Key Strategic Developments, 2015-2017
Table 66.Athena Health Inc.: Key Strategic Developments, 2015-2017
Table 67.Philips healthcare: Key Strategic Developments, 2015-2017
Table 68.Biotelemetry, Inc.: Key Strategic Developments, 2015-2017
Table 69.Lifewatch AG: Key Strategic Developments, 2015-2017
Table 70.McKesson Corporation, Inc.: Key Strategic Developments, 2015-2017
Table 71.eClinicalWorks: Key Strategic Developments, 2015-2017


List of Figures

Figure 1.Global Digital health Market Share, By Technology, 2016 & 2025
Figure 2.Global Digital Health Market Share, By Region, 2016 & 2025
Figure 3.Cerner Corporation: Net Revenues, 2014-2016 ($Million)
Figure 4.Cerner Corporation: Net Revenue Share, By Segment, 2016
Figure 5.Cerner Corporation: Net Revenue Share, By Geography, 2016
Figure 6.AT&T Inc.: Net Revenues, 2014-2016 ($Million)
Figure 7.AT&T Inc.: Net Revenue Share, By Segment, 2016
Figure 8.AT&T Inc.: Net Revenue Share, By Geography, 2016
Figure 9.Qualcomm, Inc.: Net Revenues, 2014-2016 ($Million)
Figure 10.Qualcomm, Inc.: Net Revenue Share, By Segment, 2016
Figure 11.Qualcomm, Inc.: Net Revenue Share, By Geography, 2016
Figure 12.Cisco Systems, Inc.: Net Revenues, 2014-2016 ($Million)
Figure 13.Cisco Systems, Inc.: Net Revenue Share, By Segment, 2016
Figure 14.Cisco Systems, Inc.: Net Revenue Share, By Geography, 2016
Figure 15.Athena Health Inc.: Net Revenues, 2014-2016 ($Million)
Figure 16.Athena Health Inc.: Net Revenue Share, By Segment, 2016
Figure 17.Athena Health Inc.: Net Revenue Share, By Geography, 2016
Figure 18.Philips healthcare: Net Revenues, 2014-2016 ($Million)
Figure 19.Philips healthcare: Net Revenue Share, By Segment, 2016
Figure 20.Philips healthcare: Net Revenue Share, By Geography, 2016
Figure 21.Biotelemetry, Inc: Net Revenues, 2014-2016 ($Million)
Figure 22.Biotelemetry, Inc: Net Revenue Share, By Segment, 2016
Figure 23.Biotelemetry, Inc: Net Revenue Share, By Geography, 2016
Figure 24.Lifewatch AG: Net Revenues, 2014-2016 ($Million)
Figure 24.Lifewatch AG: Net Revenue Share, By Segment, 2016
Figure 25.Lifewatch AG: Net Revenue Share, By Geography, 2016
Figure 26.McKesson Corporation: Net Revenues, 2014-2016 ($Million)
Figure 27.McKesson Corporation: Net Revenue Share, By Segment, 2016
Figure 28.McKesson Corporation: Net Revenue Share, By Geography, 2016
Figure 29.eClinicalWorks: Net Revenues, 2014-2016 ($Million)
Figure 30.eClinicalWorks: Net Revenue Share, By Segment, 2016
Figure 31.eClinicalWorks: Net Revenue Share, By Geography, 2016

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country