Over the next five years, the digital health market could be worth up to $220.94 billion, growing at a CAGR of about 14.8% between 2019 and 2026, according to Facts and Factors.
“Digital health is a large and growing field that is based on a simple concept: using technology to help people better their health and wellbeing. Wearable devices to ingestible sensors, mobile health applications to artificial intelligence, and automated care to electronic records are all examples,” they note. “Not only could digital health boost people’s quality of life, but it could also lower the average cost of healthcare over a human lifetime, saving money for both providers and patients.”