Description
Countries Covered: Austria, Brazil, Canada, China, France, Germany, India, Italy, Mexico, Netherlands, Spain, Switzerland, UAE, UK, USA.
Pages: 153
Publication Date: 01/06/2023
Questions Covered in the Report:Â
- What is the projected value of the digital health market by 2032?
- Which countries ranked highest in the adoption of predictive analysis in clinical settings worldwide as of March 2022?
- Which digital health segment received the highest funding as of Q4 2022?
- What were the most popular methods of accessing telemedicine among adults in the USA in 2022?
- According to clinicians in Europe, what are the top technologies in digital healthcare expected to enhance the efficiency of diagnosis in the next 3-5 years as of 2022?
Key Findings:
The digital health market globally is expected to grow at a double-digit CAGR between 2022 and 2032 backed by upcoming trends such as the use of AR/VR in healthcare, telemedicine, and the use of AI among others: new yStats.com report.
The digital health market is experiencing significant growth from 2022 to 2032, with artificial intelligence (AI) being a top investment area for healthcare leaders globally
The digital health market is witnessing significant growth between 2022 and 2032, with artificial intelligence (AI) emerging as a top investment area for global healthcare leaders. The market is projected to achieve a double-digit compound annual growth rate (CAGR), reaching close to EUR 900 billion by 2032, according to a report by yStats.com. Digital health funding peaked in 2021 but experienced a decline of nearly 50% between 2021 and 2022. Factors such as inflation, interest rate hikes, and supply chain challenges contributed to this decline. However, AI has garnered significant interest from healthcare leaders, with more than half of them indicating plans to invest in AI as of March 2022. AI and robotics are being leveraged to analyze complex data, assist in diagnosis and treatment, and improve operational efficiency in the digital health sector.
The adoption of AI in digital health varies across regions. In the United States, over one-third of surveyed physicians expressed intentions to adopt AI for practice efficiency and clinical applications beyond 2022. In Europe, clinicians believe that AI is likely to enhance diagnostic efficiency within the next 3-5 years. The report also highlights AI as the top digital healthcare investment for 2022 in France, according to healthcare leaders.
The digital health market is set to witness transformation amidst technological advancements.
Technological advancements are driving transformations in the digital health industry. Trends such as the use of augmented reality/virtual reality (AR/VR) in healthcare, telemedicine, remote patient monitoring, and health apps are reshaping the sector. Approximately one-third of adults globally reported using at least one health app as of 2022, with varying levels of growth across countries. AR/VR is revolutionizing medical education, aiding in surgical procedures, and supporting mental health treatments. These technologies offer benefits such as advanced training opportunities, 3D modeling for surgeries, and early detection of cognitive impairment. Overall, the digital health market is experiencing growth and embracing advanced technologies, leading to improved accessibility and efficiency in healthcare.