Global Digital Health Market is projected to reach $96 billion by 2025 and forecasted to grow at a 28% CAGR as per Medi-Tech Insights
Fueled by Covid-19, favorable reimbursement (CMS codes in US, Digital Act in Germany etc.) & ageing population with chronic diseases, the Global Digital Health Market is forecasted to reach $ 96 billion by 2025. Total corporate funding for digital health including venture capital, debt and public market financing reached $21.6 billion in 2020, up 103% compared to $10.6 billion in 2019. A unique confluence of new technologies like AI, wearables, remote vitals monitoring are enabling a rapid transformation in the way healthcare is delivered. Key segments within Digital Health Market includes: Virtual Care including Teleconsultations, Behavioral health amongst others Remote Monitoring, Digital Diagnostics and Chronic Disease Management Digital Therapeutics AI enabled Drug Discovery and Development, Clinical Trials Other digital care delivery models including digital pharmacies, insurances & clinical decision systems This research study reveals that in several areas, the pandemic