Digital Health Market Growing with Massive CAGR says P&S Intelligence
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NEW YORK, March 16, 2021 /PRNewswire/ The increasing prevalence of chronic diseases, coupled with the inadequacy of the healthcare facilities in rural and far-flung areas, is propelling the demand for remotely diagnosing and monitoring patients. As a result, the global
digital health market value, which was $101.4 billion in 2019, is projected to reach $884.1 billion by 2030, at a 21.8% CAGR during 2020–2030, according to P&S Intelligence.
The concept of digital health encompasses connected devices, mobile health (mHealth) applications, electronic health records (EHRs), and various other applications of the audio–video and telecommunications technologies that can help doctors and patients communicate without physically being with each other. In this regard, the growing geriatric population is also acting as a strong digital health market driver, a
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