A March 23 report from market research firm Market Research Future projected the digital health market to be worth $1.3 trillion by 2030.
Five takeaways:
- Growth in the digital health market is fueled by the increased adoption of smartphones and the rollout of 5G technology.
- The report identifies compliance requirements as a potential limit on growth.
- The report projects the market to grow at a 23.7 percent compound annual growth rate from 2022 to 2030.
- Cerner, Athenahealth and AT&T were identified as major contenders in the digital health market.
- The report identified an aging population and continued demand for healthcare as a source of growth for digital health.