Digital Health Market – Rising Adoption of IT in the Healthcare Sector Derives Demand

The global digital health market has been prognosticated to see its revenue growth spurring on the back of rising count of venture capitalist investments. There could be a swelling number of startups capitalizing on industry revenue. A healthy percentage of digital health companies have been foreseen to change to B2B2C or simply B2B model in the near future.

Most governments today are offering initiatives that prove to be promising for both patients and caregivers. While this could enhance the growth of the world digital health market, the rising adoption of IT in the healthcare sector has been foretold to increase demand in the coming years. The market could also bolster its growth while riding on the escalating engagement of smartphones, tablets, and other mobile platforms.

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Companies looking to benefit from the international digital health market have been anticipated to face challenges in the form of expensive capital expenditure, security and privacy issues, extortionate maintenance bills, and inadequate healthcare infrastructure size in developing economies.

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However, remote patient monitoring services could bring back the demand for digital health owing to their application in the examination of health problems from distant locations. Such services could see a greater adoption due to the rise of the incidence of cardiovascular diseases, cancer, and diabetes.

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Pragati Pathrotkar

As one of the lead news writers on cmfenews, Pragati’s specialization lies in the science and technology domains. Her passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Pragati’s take on the impact of digital technologies across the science, technology, and business domains gives her writing a fresh and modern outlook.

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