Digital Health Global Market 2022 Trend, Demand To 2031 By Technology: (Mobile Health (Mhealth); Health Information Technology; Telehealth And Telemedicine; Health Analytics; Other Technologies); By Application; Other Applications); By End-User
- Report ID: 43240
- Date: Sep, 2022
- Pages: 259
- Category: ICT & Media
Digital Health Global Market Opportunities And Strategies To 2031 from Altus Market Research provides the strategists; marketers and senior management with the critical information they need to assess the global digital health market as it emerges from the COVID-19 shut down.
The global digital health market reached a value of nearly $165,031.6 million in 2021, having increased at a compound annual growth rate (CAGR) of 17.6% since 2016. The market is expected to grow from $ 165,031.6 million in 2021 to $372,359.7 million in 2026 at a rate of 17.7%. The market is then expected to grow at a CAGR of 17.3% from 2026 and reach $826,198.8 million in 2031.
Growth in the historic period in the digital health market resulted from a rise in disposable income, increasing government initiatives in the healthcare field, increased internet penetration, adoption of advanced technology in the wake of covid-19 and rapid growth in elderly population. The market was restrained by lack of consumer knowledge, the shortfall of broadband access, and increasing need for data security.
Going forward rising prevalence of chronic diseases, an aging population, demographic shifts in emerging markets, continued technology development, and increasing need for healthcare access will drive the growth in the digital health market. Factors that could hinder the growth of the market in the future include intense competition, technical reliability and improper diagnosis due to incorrect information.
The digital health market is segmented by technology into mobile health (mhealth), health information technology, telehealth and telemedicine, health analytics and other technologies. The telehealth and telemedicine market was the largest segment of the digital health market segmented by technology, accounting for 46.7% of the total in 2021. Going forward, the other technologies is expected to be the fastest growing segment in the digital health market segmented by technology, at a CAGR of 18.8% during 2021-2026.
The digital health market is also segmented by application into cardiology, diabetes, neurology, sleep apnea, oncology, and other applications. The oncology market was the largest segment of the digital health market segmented by application, accounting for 30.4% of the total in 2021. Going forward, diabetes is expected to be the fastest growing segments in the digital health market segmented by application, at a CAGR of 20.0% during 2021-2026.
The digital health market is also segmented by end user into healthcare providers, healthcare payers, pharmaceutical companies and other end users. The healthcare providers market was the largest segment of the digital health market segmented by end users, accounting for 69.4% of the total in 2021. Going forward, healthcare providers, healthcare payers, and pharmaceutical companies are expected to be the fastest growing market segmented by end user, at a CAGR of 17.7% during 2021-2026.
North America was the largest region in the global digital health market, accounting for 39.7% of the total in 2021. It was followed by the Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the digital health market will be South America and, Asia Pacific where growth will be at CAGRs of 19.6% and 19.3% respectively. These will be followed by Middle East and Africa, where the markets are expected to register CAGRs of 18.7% and 18.6% respectively.
The digital health market is highly fragmented, with a large number of regional and small players. The top ten competitors in the market made up to 15.31% of the total market in 2020. Cerner Corporation was the largest competitor with 3.94% of the market, followed by GE Healthcare with 2.75%, Epic Systems Corporation with 2.36%, McKesson Corporation with 2.07%, Allscripts Healthcare Solutions, Inc. with 1.08%, Truven Health Analytics (an IBM Company) with 0.95%, Siemens Healthcare AG with 0.72%, eCLINICALWORKS with 0.72%, and Cisco Systems, Inc. with 0.44% and Koninklijke Philips N.V with 0.28%.
The top opportunities in the digital health market segmented by technology will arise in the telehealth and telemedicine segment, which will gain $92,537.0 million of global annual sales by 2026. The top opportunities in the digital health market segmented by application will arise in the oncology segment, which will gain $66,973.9 million of global annual sales by 2026. The top opportunities in the digital health market segmented by end user will arise in the healthcare providers segment, which will gain $1,43,745.9 million of global annual sales by 2026. The digital health market size will gain the most in the USA at $73,616.0 million.
Market-trend-based strategies for the digital health market include use of augmented reality telecollaboration system, biofeedback APIs, use of blockchain technology, 3D AR surgical navigation, integration of artificial intelligence, and increasing collaborations and partnerships.
Player-adopted strategies in the digital health market include new investments, development of advanced products, launching new digital health software products for independent medical practices, and strategic partnerships and collaborations.
To take advantage of the opportunities, Altus Market Research recommends the digital health companies to focus on integration of artificial intelligence, focus on collaborations and partnerships, establish operations in emerging markets, implement dynamic pricing, leverage technology to maximize reach, targeting key decision makers in pharmaceutical and medical devices companies and focus on millennials.
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Description:
Where is the largest and fastest growing market for digital health? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The digital health market global report from Altus Market Research answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider digital health market; and compares it with other markets.
The report covers the following chapters
Executive Summary – The executive summary section of the report gives a brief overview and summary of the report
.
Report Structure – This section gives the structure of the report and the information covered in the various sections.
Introduction - The introduction section of the report gives a brief introduction about segmentation by geography and segmentation by technology, segmentation by application and segmentation by end user.
Market Characteristics – The market characteristics section of the report defines and explains the digital health market. This section includes different products covered in the report and basic definitions.
Trends And Strategies – This section describes the major trends shaping the global digital health market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
Impact of COVID-19 – This section describes the impact of COVID-19 on the digital health market.
Global Market Size And Growth – This section contains the global historic (2016-2021) and (2021-2026 and 2026-2031) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods.
Regional Analysis – This section contains the historic (2016-2021) and forecast (2021-2026 and 2026-2031) market value and growth, and market share comparison by region.
Market
Segmentation – This section contains the market values (2016-2031) and analysis for segment by technology, by application and by end user in the market.
Regional Market Size And Growth – This section contains the region’s market size (2021), historic (2016-2021) and forecast (2021-2026 and 2026-2031) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa).
Competitive Landscape – This section covers details on the competitive landscape of the global digital health market, estimated market shares, and company profiles of the leading players.
Truven Health Analytics (an IBM Company), Siemens Healthcare AG, eCLINICALWORKS, Cisco Systems, Inc., Koninklijke Philips N.V, Innovaccer, Pharm Easy, 1mg, Practo, Mfine, Medi Buddy, Indegene, Ping A Good Doctor, JD Health, CISCO Systems Inc, Honeywell Lifesciences, Philip Healthcare, Better Doc, Biovotion, BrainControl, Coimbra Genomics, Dacadoo, Doctoralia, Emperra, Exovite, Genexyx, Giraff, Healthbank, NeurNation, Nutrino, Psious, Px Healthcare, SilverCloud, Systems Healthcare Solutions, TrialReach, XtremeVRI, DOC+, Best Doctor, TeleMD, mediSensum, Apteki +, FindMeCure, ECG for Everybody, Eye read, InterAxon, Figure 1, Myndtec, Seamless MD, ApoloHealthMx, ECGlove, Heal on Site, Teladoc, MeMD, Amwell, MDlive, Aerotel Medical Systems Ltd, Care Innovations LLC, Honeywell Life Care Solutions, Polycom Inc, Didoc, Betterfly, Deenty, Examedi, Dentalink, Cero, Wecancer, MedPass, Pixeon, Hi Technologies, Conexa Saude, AXON Digital Health, Wuru, Yerbo, Welii, BioScience, Caecus, Omnia Salud, Altibbi, Dhoner Healthtech, Okadoc, DoctorsAE, Takalam, AlemHealth, DU, UAE’s Mulk, Cura, Primary Health Care Corporation, AMD Global Telemedicine Inc, Safermom, Mobicure, Ubenwa, Medsaf, GenRx, Medical device as a service (MDAAS), Kangpe, Hudibia, Lifebank, Redbank
Key Mergers And Acquisitions – This section gives information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
Market Opportunities And Strategies – This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
Conclusions And Recommendations – This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for digital health providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups.
Appendix – This section includes details on the NAICS codes covered, abbreviations, and currencies codes used in this report.
Scope:
Markets Covered:
1) By Technology: Mobile Health (Mhealth); Health Information Technology; Telehealth And Telemedicine; Health Analytics; Other Technologies
2) By Application: Cardiology; Diabetes; Neurology; Sleep Apnea; Oncology; Other Applications
3) By End-User: Healthcare Providers; Healthcare Payers; Pharmaceutical Companies; Other End Users
Companies Mentioned: Cerner Corporation; GE Healthcare; Epic Systems Corporation; McKesson Corporation; Allscripts Healthcare Solutions, Inc.
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; digital health indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
1. Digital Health Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
6.1. Segmentation By Geography
6.2. Segmentation By Technology
6.3. Segmentation By Application
6.4. Segmentation By End User
7. Digital Health Market Characteristics
7.1. Market Definition
7.2. Market Segmentation By Technology
7.2.1. Mobile Health (mhealth)
7.2.2. Health Information Technology
7.2.3. Telehealth And Telemedicine
7.2.4. Health Analytics
7.2.5. Other Technologies
7.3. Market Segmentation By Application
7.3.1. Cardiology
7.3.2. Diabetes
7.3.3. Neurology
7.3.4. Sleep Apnea
7.3.5. Oncology
7.3.6. Other Applications
7.4. Market Segmentation By End User
7.4.1. Healthcare Providers
7.4.2. Healthcare Payers
7.4.3. Pharmaceutical Companies
7.4.4. Other End Users
8. Digital Health Market Trends And Strategies
8.1. Use Of Augmented Reality Telecollaboration System
8.2. Biofeedback APIs
8.3. Use Of Blockchain Technology
8.4. 3D AR Surgical Navigation
8.5. Integration Of Artificial Intelligence
8.6. Increasing Collaborations And Partnerships
9. Impact Of COVID-19 On The Digital Health Market
9.1. High Adoption Of Digital Health
9.2. Increased Demand for mHealth Technologies
9.3. Changes In Regulatory Framework
9.4. Future Outlook
10. Global Digital Health Market Size And Growth
10.1. Market Size
10.2. Historic Market Growth, 2016 – 2021, Value ($ Million)
10.2.1. Drivers Of The Market 2016 – 2021
10.2.2. Restraints On The Market 2016 – 2021
10.3. Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
10.3.1. Drivers Of The Market 2021 – 2026
10.3.2. Restraints On The Market 2021 – 2026
11. Global Digital Health Market Segmentation
11.1. Global Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
11.2. Global Digital Health Market, Segmentation By Application, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
11.3. Global Digital Health Market, Segmentation By End-User, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
12. Digital Health Market, Regional And Country Analysis
12.1. Global Digital Health Market, By Region, Historic and Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
12.2. Global Digital Health Market, By Country, Historic and Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
13. Asia-Pacific Digital Health Market
13.1. Asia-Pacific Digital Health Market Overview
13.1.1. Region Information
13.1.2. Market Information
13.1.3. Background Information
13.1.4. Government Initiatives
13.1.5. Regulations
13.1.6. Regulatory Bodies
13.1.7. Major Associations
13.1.8. Taxes Levied
13.1.9. Investments
13.1.10. Major Companies
13.2. Asia-Pacific Digital Health Market, Historic Market Growth, 2016 – 2021, Value ($ Million)
13.3. Asia-Pacific Digital Health Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
13.4. Asia-Pacific Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
13.5. Asia-Pacific Digital Health Market: Country Analysis
13.6. China Digital Health Market
13.7. China Digital Health Market Overview
13.7.1. Country Information
13.7.2. Market Information
13.7.3. Background information
13.7.4. Government Initiatives
13.7.5. Regulations
13.7.6. Regulatory Bodies
13.7.7. Major Associations
13.7.8. Corporate Tax Structure
13.7.9. Investments
13.7.10. Major Companies
13.8. China Digital Health Market, Historic Market Growth, 2016 – 2021, Value ($ Million)
13.9. China Digital Health Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
13.10. China Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
13.11. India Digital Health Market
13.12. India Digital Health Market, Historic Market Growth, 2016 – 2021, Value ($ Million)
13.13. India Digital Health Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
13.14. India Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
13.15. Japan Digital Health Market
13.16. Japan Digital Health Market, Historic Market Growth, 2016 – 2021, Value ($ Million)
13.17. Japan Digital Health Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
13.18. Japan Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
13.19. Australia Digital Health Market
13.20. Australia Digital Health Market, Historic Market Growth, 2016 – 2021, Value ($ Million)
13.21. Australia Digital Health Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
13.22. Australia Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
13.23. Indonesia Digital Health Market
13.24. Indonesia Digital Health Market, Historic Market Growth, 2016 – 2021, Value ($ Million)
13.25. Indonesia Digital Health Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
13.26. Indonesia Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
13.27. South Korea Digital Health Market
13.28. South Korea Digital Health Market, Historic Market Growth, 2016 – 2021, Value ($ Million)
13.29. South Korea Digital Health Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
13.30. South Korea Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
14. Western Europe Digital Health Market
14.1. Western Europe Digital Health Market Overview
14.1.1. Region Information
14.1.2. Market Information
14.1.3. Background Information
14.1.4. Government Initiatives
14.1.5. Regulatory Bodies
14.1.6. Major Associations
14.1.7. Taxes Levied
14.1.8. Corporate Tax Structure
14.1.9. Investments
14.1.10. Major Companies
14.2. Western Europe Digital Health Market, Historic Market Growth, 2016 – 2021, Value ($ Million)
14.3. Western Europe Digital Health Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
14.4. Western Europe Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
14.5. Western Europe Digital Health Market: Country Analysis
14.6. UK Digital Health Market
14.7. UK Digital Health Market, Historic Market Growth, 2016 – 2021, Value ($ Million)
14.8. UK Digital Health Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
14.9. UK Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
14.10. Germany Digital Health Market
14.11. Germany Digital Health Market, Historic Market Growth, 2016 – 2021, Value ($ Million)
14.12. Germany Digital Health Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
14.13. Germany Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
14.14. France Digital Health Market
14.15. France Digital Health Market, Historic Market Growth, 2016 – 2021, Value ($ Million)
14.16. France Digital Health Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
14.17. France Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
15. Eastern Europe Digital Health Market
15.1. Eastern Europe Digital Health Market Overview
15.1.1. Region Information
15.1.2. Market Information
15.1.3. Background Information
15.1.4. Government Initiatives
15.1.5. Regulations
15.1.6. Regulatory Bodies
15.1.7. Major Associations
15.1.8. Taxes levied
15.1.9. Corporate Tax Structure
15.1.10. Investments
15.1.11. Major Companies
15.2. Eastern Europe Digital Health Market, Historic Market Growth, 2016 – 2021, Value ($ Million)
15.3. Eastern Europe Digital Health Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
15.4. Eastern Europe Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
15.5. Eastern Europe Digital Health Market: Country Analysis
15.6. Russia Digital Health Market
15.7. Russia Digital Health Market, Historic Market Growth, 2016 – 2021, Value ($ Million)
15.8. Russia Digital Health Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
15.9. Russia Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
16. North America Digital Health Market
16.1. North America Digital Health Market Overview
16.1.1. Region Information
16.1.2. Market Information
16.1.3. Background Information
16.1.4. Government Initiatives
16.1.5. Regulations
16.1.6. Regulatory Bodies
16.1.7. Major Associations
16.1.8. Taxes Levied
16.1.9. Corporate tax structure
16.1.10. Investments
16.1.11. Major Companies
16.2. North America Digital Health Market, Historic Market Growth, 2016 – 2021, Value ($ Million)
16.3. North America Digital Health Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
16.4. North America Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
16.5. North America Digital Health Market: Country Analysis
16.6. USA Digital Health Market
16.7. USA Digital Health Market Overview
16.7.1. Country Information
16.7.2. Market Information
16.7.3. Background Information
16.7.4. Government Initiatives
16.7.5. Regulations
16.7.6. Regulatory Bodies
16.7.7. Major Associations
16.7.8. Taxes Levied
16.7.9. Corporate Tax Structure
16.7.10. Investments
16.7.11. Major Companies
16.8. USA Digital Health Market, Historic Market Growth, 2016 – 2021, Value ($ Million)
16.9. USA Digital Health Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
16.10. USA Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
17. South America Digital Health Market
17.1. South America Digital Health Market Overview
17.1.1. Region Information
17.1.2. Market Information
17.1.3. Background Information
17.1.4. Government Initiatives
17.1.5. Regulations
17.1.6. Regulatory Bodies
17.1.7. Major Associations
17.1.8. Taxes Levied
17.1.9. Investments
17.1.10. Major Companies
17.2. South America Digital Health Market, Historic Market Growth, 2016 – 2021, Value ($ Million)
17.3. South America Digital Health Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
17.4. South America Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
17.5. South America Digital Health Market: Country Analysis
17.6. Brazil Digital Health Market
17.7. Brazil Digital Health Market, Historic Market Growth, 2016 – 2021, Value ($ Million)
17.8. Brazil Digital Health Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
17.9. Brazil Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
18. Middle East Digital Health Market
18.1. Middle East Digital Health Market Overview
18.1.1. Region Information
18.1.2. Market Information
18.1.3. Background Information
18.1.4. Government Initiatives
18.1.5. Regulations
18.1.6. Regulatory Bodies
18.1.7. Major Associations
18.1.8. Taxes Levied
18.1.9. Corporate Tax Structure
18.1.10. Investments
18.1.11. Major Companies
18.2. Middle East Digital Health Market, Historic Market Growth, 2016 – 2021, Value ($ Million)
18.3. Middle East Digital Health Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
18.4. Middle East Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
19. Africa Digital Health Market
19.1. Africa Digital Health Market Overview
19.1.1. Region Information
19.1.2. Market Information
19.1.3. Background Information
19.1.4. Government Initiatives
19.1.5. Regulations
19.1.6. Regulatory Bodies
19.1.7. Major Associations
19.1.8. Taxes Levied
19.1.9. Corporate Tax Structure
19.1.10. Investments
19.1.11. Major Companies
19.2. Africa Digital Health Market, Historic Market Growth, 2016 – 2021, Value ($ Million)
19.3. Africa Digital Health Market, Forecast Market Growth, 2021 – 2026, 2031F Value ($ Million)
19.4. Africa Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, Value ($ Million)
20. Digital Health Market Competitive Landscape And Company Profiles
20.1. Company Profiles
20.2. Cerner Corporation
20.2.1. Company Overview
20.2.2. Products And Services.
20.2.3. Business Strategy
20.2.4. Financial Overview
20.3. GE Healthcare
20.3.1. Company Overview
20.3.2. Products And Services.
20.3.3. Business Strategy
20.3.4. Financial Overview
20.4. Epic Systems Corporation
20.4.1. Company Overview
20.4.2. Products And Services.
20.4.3. Business Strategy
20.4.4. Financial Overview
20.5. McKesson Corporation
20.5.1. Company Overview
20.5.2. Products And Services
20.5.3. Business Strategy
20.5.4. Financial Overview
20.6. Allscripts Healthcare Solutions, Inc.
20.6.1. Company Overview
20.6.2. Products And Services
20.6.3. Business Strategy
20.6.4. Financial Overview
21. Key Mergers And Acquisitions In The Digital Health Market
21.1. Appriss Health Acquired Care Collaboration Software Platform PatientPing
21.2. Accolade Completes Acquisition of 2nd.MD
21.3. Royal Philips Acquired BioTelemetry, Inc.
21.4. Boston Scientific Acquired Preventice Solutions, Inc.
21.5. Royal Philips Acquired Capsule Technologies
21.6. Teladoc Health Merged With Livongo
22. Digital Health Market Opportunities And Strategies
22.1. Global Digital Health Market In 2026 – Countries Offering Most New Opportunities
22.2. Global Digital Health Market In 2026 – Segments Offering Most New Opportunities
22.3. Global Digital Health Market In 2026 – Growth Strategies
22.3.1. Market Trend Based Strategies
22.3.2. Competitor Strategies
23. Digital Health Market, Conclusions And Recommendations
23.1. Conclusions
23.2. Recommendations
23.2.1. Product
23.2.2. Place
23.2.3. Price
23.2.4. Promotion
23.2.5. People
24. Appendix
24.1. Market Data Sources
24.2. Research Methodology
24.3. Currencies
24.4. Research Inquiries
24.5. The Business Research Company
25. Copyright and Disclaimer
List of Tables
Table 1: Global Digital Health Market, Historic, 2016 – 2021, $ Million 39
Table 2: Global Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 43
Table 3: Global Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 46
Table 4: Global Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 47
Table 5: Global Digital Health Market, Segmentation By Application, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 49
Table 6: Global Digital Health Market, Segmentation By Application, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 50
Table 7: Global Digital Health Market, Segmentation By End-User, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 52
Table 8: Global Digital Health Market, Segmentation By End-User, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 53
Table 9: Global Digital Health Market, By Region, Historic and Forecast, 2016 – 2021, 2026F, 2031F, % 55
Table 10: Global Digital Health Market, By Region, Historic and Forecast, 2016 – 2021, 2026F, 2031F, $ Million 55
Table 11: Global Digital Health Market, By Country, Historic and Forecast, 2016 – 2021, 2026F, 2031F, % 58
Table 12: Global Digital Health Market, By Country, Historic and Forecast, 2016 – 2021, 2026F, 2031F, $ Million 59
Table 13: Asia-Pacific GDP Per Capita, By Country, 2016-2021, $ 60
Table 14: Asia-Pacific Population By Age Group, By Country, 2016-2026, Thousands 61
Table 15: Asia-Pacific Healthcare Services, By Country, 2016-2026, $ Billion 62
Table 16: Asia-Pacific Number Of Internet Users, Million, By Country, 2015-2020 62
Table 17: Asia-Pacific IT Services Market Size, 2016-2026, $ Billion 63
Table 18: Asia-Pacific Digital Health Market, Historic, 2016 – 2021, $ Million 67
Table 19: Asia-Pacific Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 68
Table 20: Asia-Pacific Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 69
Table 21: Asia-Pacific Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 70
Table 22: China GDP Per Capita, 2016-2021, $ 72
Table 23: China Population By Age Group, 2016-2026, Thousands 73
Table 24: China Healthcare Services, 2016-2026, $ Billion 73
Table 25: China Number Of Internet Users, Million, 2015-2020 74
Table 26: China IT Services Market Size, 2016-2026, $ Billion 74
Table 27: China Digital Health Market, Historic, 2016 – 2021, $ Million 76
Table 28: China Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 77
Table 29: China Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 79
Table 30: China Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 79
Table 31: India Digital Health Market, Historic, 2016 – 2021, $ Million 81
Table 32: India Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 83
Table 33: India Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 85
Table 34: India Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 85
Table 35: Japan Digital Health Market, Historic, 2016 – 2021, $ Million 87
Table 36: Japan Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 89
Table 37: Japan Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 91
Table 38: Japan Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 91
Table 39: Australia Digital Health Market, Historic, 2016 – 2021, $ Million 93
Table 40: Australia Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 95
Table 41: Australia Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 97
Table 42: Australia Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 97
Table 43: Indonesia Digital Health Market, Historic, 2016 – 2021, $ Million 99
Table 44: Indonesia Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 101
Table 45: Indonesia Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 102
Table 46: Indonesia Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 103
Table 47: South Korea Digital Health Market, Historic, 2016 – 2021, $ Million 104
Table 48: South Korea Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 106
Table 49: South Korea Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 108
Table 50: South Korea Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 108
Table 51: Western Europe GDP Per Capita, By Country, 2016-2021, $ 110
Table 52: Western Europe Population By Age Group, By Country, 2016-2026, Thousands 111
Table 53: Western Europe Healthcare Services, By Country, 2016-2026, $ Billion 112
Table 54: Western Europe Number Of Internet Users, Million, By Country, 2015-2020 113
Table 55: Western Europe IT Services Market Size, 2016-2026, $ Billion 113
Table 56: Western Europe Digital Health Market, Historic, 2016 – 2021, $ Million 117
Table 57: Western Europe Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 118
Table 58: Western Europe Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 120
Table 59: Western Europe Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 120
Table 60: UK Digital Health Market, Historic, 2016 – 2021, $ Million 122
Table 61: UK Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 124
Table 62: UK Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 126
Table 63: UK Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 126
Table 64: Germany Digital Health Market, Historic, 2016 – 2021, $ Million 128
Table 65: Germany Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 130
Table 66: Germany Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 132
Table 67: Germany Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 132
Table 68: France Digital Health Market, Historic, 2016 – 2021, $ Million 134
Table 69: France Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 136
Table 70: France Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 138
Table 71: France Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 138
Table 72: Eastern Europe GDP Per Capita, By Country, 2016-2021, $ 141
Table 73: Eastern Europe Population By Age Group, By Country, 2016-2026, Thousands 141
Table 74: Eastern Europe Healthcare Services, By Country, 2016-2026, $ Billion 142
Table 75: Eastern Europe Number Of Internet Users, Million, By Country, 2015-2020 142
Table 76: Eastern Europe IT Services Market Size, 2016-2026, $ Billion 143
Table 77: Eastern Europe Digital Health Market, Historic, 2016 – 2021, $ Million 146
Table 78: Eastern Europe Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 147
Table 79: Eastern Europe Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 149
Table 80: Eastern Europe Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 149
Table 81: Russia Digital Health Market, Historic, 2016 – 2021, $ Million 152
Table 82: Russia Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 153
Table 83: Russia Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 155
Table 84: Russia Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 155
Table 85: North America GDP Per Capita, By Country, 2016-2021, $ 157
Table 86: North America Population By Age Group, By Country, 2016-2026, Thousands 158
Table 87: North America Healthcare Services, By Country, 2016-2026, $ Billion 158
Table 88: North America Number Of Internet Users, Million, By Country, 2015-2020 159
Table 89: North America IT Services Market Size, 2016-2026, $ Billion 159
Table 90: North America Digital Health Market, Historic, 2016 – 2021, $ Million 163
Table 91: North America Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 164
Table 92: North America Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 166
Table 93: North America Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 167
Table 94: USA GDP Per Capita, 2016-2021, $ 168
Table 95: USA Population By Age Group, 2016-2026, Thousands 169
Table 96: USA Healthcare Services, By Country, 2016-2026, $ Billion 169
Table 97: USA Number Of Internet Users, Million, 2015-2020 169
Table 98: US IT Services Market Size, 2016-2026, $ Billion 170
Table 99: USA Digital Health Market, Historic, 2016 – 2021, $ Million 172
Table 100: USA Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 173
Table 101: USA Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 176
Table 102: USA Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 177
Table 103: South America GDP Per Capita, By Country, 2016-2021, $ 178
Table 104: South America Population By Age Group, By Country, 2016-2026, Thousands 179
Table 105: South America Healthcare Services, By Country, 2016-2026, $ Billion 180
Table 106: South America Number Of Internet Users, Million, By Country, 2015-2020 180
Table 107: South America IT Services Market Size, 2016-2026, $ Billion 181
Table 108: South America Digital Health Market, Historic, 2016 – 2021, $ Million 184
Table 109: South America Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 185
Table 110: South America Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 187
Table 111: South America Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 187
Table 112: Brazil Digital Health Market, Historic, 2016 – 2021, $ Million 189
Table 113: Brazil Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 191
Table 114: Brazil Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 193
Table 115: Brazil Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 193
Table 116: Middle East GDP Per Capita, By Country, 2016-2021, $ 196
Table 117: Middle East Population By Age Group, By Country, 2016-2026, Thousands 196
Table 118: Middle East Healthcare Services, By Country, 2016-2026, $ Billion 197
Table 119: Middle East Number Of Internet Users, Million, By Country, 2015-2020 197
Table 120: Middle East IT Services Market Size, 2016-2026, $ Billion 198
Table 121: Middle East Digital Health Market, Historic, 2016 – 2021, $ Million 201
Table 122: Middle East Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 202
Table 123: Middle East Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 204
Table 124: Middle East Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 204
Table 125: Africa GDP Per Capita, By Country, 2016-2021, $ 207
Table 126: Africa Population By Age Group, By Country, 2016-2026, Thousands 207
Table 127: Africa Healthcare Services, By Country, 2016-2026, $ Billion 208
Table 128: Africa Number Of Internet Users, Million, By Country, 2015-2020 208
Table 129: Africa IT Services Market Size, 2016-2026, $ Billion 209
Table 130: Africa Digital Health Market, Historic, 2016 – 2021, $ Million 212
Table 131: Africa Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 213
Table 132: Africa Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 215
Table 133: Africa Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, $ Million 215
Table 134: Cerner – Financial Performance, $ Billion 219
Table 135: GE – Financial Performance, $ Billion 223
Table 136: Thermo Fisher– Financial Performance, $ Billion 227
Table 137: Allscripts – Financial Performance, $ Billion 230
Table 138: Global Digital Health Market Size Gain ($ Million), 2021 – 2026, By Country 233
Table 139: Global Digital Health Market Size Gain ($ Million), Segmentation By Technology, 2021 – 2026 235
Table 140: Global Digital Health Market Size Gain ($ Million), Segmentation By Application, 2021 – 2026 235
Table 141: Global Digital Health Market Size Gain ($ Million), Segmentation By End-User, 2021 – 2026 236
Table 142: Digital Health - Market Data Sources 240
List of Figures
Figure 1: Global Digital Health Market Segmentation By Technology 24
Figure 2: Global Digital Health Market Segmentation By Application 25
Figure 3: Global Digital Health Market Segmentation By End User 26
Figure 4: Global Digital Health Market, Historic, 2016 – 2021, $ Million 39
Figure 5: Global Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 43
Figure 6: Global Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 46
Figure 7: Global Digital Health Market, Segmentation By Application, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 49
Figure 8: Global Digital Health Market, Segmentation By End-User, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 52
Figure 9: Global Digital Health Market, By Region, Historic and Forecast, 2016 – 2021, 2026F, 2031F, % 54
Figure 10: Global Digital Health Market, By Country, Historic and Forecast, 2016 – 2021, 2026F, 2031F, % 57
Figure 11: Asia-Pacific Digital Health Market, Historic, 2016 – 2021, $ Million 67
Figure 12: Asia-Pacific Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 68
Figure 13: Asia-Pacific Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 69
Figure 14: China Digital Health Market, Historic, 2016 – 2021, $ Million 76
Figure 15: China Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 77
Figure 16: China Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 78
Figure 17: India Digital Health Market, Historic, 2016 – 2021, $ Million 81
Figure 18: India Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 83
Figure 19: India Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 84
Figure 20: Japan Digital Health Market, Historic, 2016 – 2021, $ Million 87
Figure 21: Japan Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 89
Figure 22: Japan Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 90
Figure 23: Australia Digital Health Market, Historic, 2016 – 2021, $ Million 93
Figure 24: Australia Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 95
Figure 25: Australia Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 96
Figure 26: Indonesia Digital Health Market, Historic, 2016 – 2021, $ Million 99
Figure 27: Indonesia Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 101
Figure 28: Indonesia Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 102
Figure 29: South Korea Digital Health Market, Historic, 2016 – 2021, $ Million 104
Figure 30: South Korea Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 106
Figure 31: South Korea Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 107
Figure 32: Western Europe Digital Health Market, Historic, 2016 – 2021, $ Million 117
Figure 33: Western Europe Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 118
Figure 34: Western Europe Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 119
Figure 35: UK Digital Health Market, Historic, 2016 – 2021, $ Million 122
Figure 36: UK Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 124
Figure 37: UK Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 125
Figure 38: Germany Digital Health Market, Historic, 2016 – 2021, $ Million 128
Figure 39: Germany Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 130
Figure 40: Germany Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 131
Figure 41: France Digital Health Market, Historic, 2016 – 2021, $ Million 134
Figure 42: France Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 136
Figure 43: France Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 137
Figure 44: Eastern Europe Digital Health Market, Historic, 2016 – 2021, $ Million 146
Figure 45: Eastern Europe Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 147
Figure 46: Eastern Europe Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 148
Figure 47: Russia Digital Health Market, Historic, 2016 – 2021, $ Million 151
Figure 48: Russia Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 153
Figure 49: Russia Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 154
Figure 50: North America Digital Health Market, Historic, 2016 – 2021, $ Million 163
Figure 51: North America Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 164
Figure 52: North America Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 165
Figure 53: USA Digital Health Market, Historic, 2016 – 2021, $ Million 172
Figure 54: USA Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 173
Figure 55: USA Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 175
Figure 56: South America Digital Health Market, Historic, 2016 – 2021, $ Million 184
Figure 57: South America Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 185
Figure 58: South America Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 186
Figure 59: Brazil Digital Health Market, Historic, 2016 – 2021, $ Million 189
Figure 60: Brazil Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 191
Figure 61: Brazil Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 192
Figure 62: Middle East Digital Health Market, Historic, 2016 – 2021, $ Million 201
Figure 63: Middle East Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 202
Figure 64: Middle East Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 203
Figure 65: Africa Digital Health Market, Historic, 2016 – 2021, $ Million 212
Figure 66: Africa Digital Health Market, Forecast, 2021 – 2026, 2031F, $ Million 213
Figure 67: Africa Digital Health Market, Segmentation By Technology, Historic And Forecast, 2016 – 2021, 2026F, 2031F, % 214
Figure 68: Global Digital Health Market, Key Competitor Estimated Market Shares, 2020, Percentage (%) 217
Figure 69: Cerner – Financial Performance, $ Billion 219
Figure 70: GE– Financial Performance, $ Billion 222
Figure 71: McKesson – Financial Performance, $ Billion 227
Figure 72: Allscripts – Financial Performance, $ Billion 230
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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