Despite a drop in funding and macroeconomic concerns, a report from market research firm Grand View Research projects the global digital health market to hit $809.2 billion by 2030.
Five takeaways from the April 12 report:
- The U.S. digital therapeutics market will reach $10.5 billion by 2030, according to the report.
- Cerner, Allscripts, Google and Epic were listed as key players in the digital health market.
- The report attributed the market growth to the proliferation of smartphones, improvements of internet connectivity and advancement in healthcare infrastructure.
- North America has a large share of the digital health market, but Asia Pacific had the highest growth during the forecast period.
- The COVID-19 pandemic affected the digital healthcare market positively as patients became more accustomed to telehealth.