The global digital health market size is expected to reach USD 509.2 billion by 2025, and is projected to exceed USD 639.4 billion by 2026; according to a new research report by Global Market Insights, Inc. expanding at a CAGR of 27.7% over the forecast period, according to a new report by Grand View Research, Inc. Growing adoption of mHealth technologies by physicians to prescribe for self-management of chronic illness, such as diabetes, has propelled the growth of the market. For instance, Glooko is specifically used for the management of diabetes. The availability of such apps in smartphones makes it easier for healthcare professionals to access patient information and diagnose diseases. Furthermore, the increase in the penetration of smartphones and internet connectivity are the key factors driving the market.
Furthermore, the digital health industry is witnessing momentous growth amid the COVID-19 pandemic owing to increasing trends of social distancing and rising adoption of telecommunications for delivering healthcare. Various market players are launching novel services and product portfolios to cater to the growing demands of the people. Strict regulations imposed by the government to minimize the infection spread will propel the industry growth.
Download our Healthcare providers’ guide to remodeling the organization with the latest technology innovations and build a futuristic healthcare infrastructure.