In an era where digital innovation is rapidly transforming industries, the health technology sector is not being left behind. Recent insights forecast the market value for health tech to reach a staggering $250.8 billion by the year 2024, with growth expected to continue at a compound annual growth rate (CAGR) of 13.3% through to 2034. This significant expansion is largely driven by the surge in digital health technology adoption and the burgeoning advancements in mobile health applications and devices. At the core of this revolution is the ability to access and administer healthcare in groundbreaking ways, resonating with a global movement towards more efficient, patient-centered care.The accelerating shift can largely be attributed to digital health technology’s efforts to bridge the physical gap during the COVID-19 pandemic. Telemedicine platforms and remote patient monitoring systems have become the vehicles of choice for delivering healthcare amidst social distancing and lockdown measures, offering greater patient accessibility and convenience than ever before. This push towards virtual health services is part of a broader trend that is here to stay, beyond the urgencies of a global health crisis.
