Thanks to the continued adoption of smartphones, the growth of connected medical devices and changes in patients’ and providers’ preferences, digital health will only continue to expand through the 2020s and beyond, according to market researchers.
For example, Data Bridge Market Research forecast in April that the digital health market will be worth $68.17 billion by 2028 and will grow at a CAGR of 4.80% from 2021 to 2028.
Grand View Research reported on a survey of physicians from the National Center for Biotechnology Information. About 68% of respondents agreed that biometric and health data from mHealth technologies promoted a healthy lifestyle, and around 64% of respondents felt that these technologies helped track the medical treatment. The rising interest of consumers in the care management process supports the adoption of such technologies, the company said.
Heightened interest in digital health continues to drive venture capital into the sector. VCs are pouring hundreds of millions of dollars into digital health startups every quarter. Here is a handful of companies that the editors of Medical Design & Outsourcing and MassDevice thought you’d be interested in: