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Title Digital Health Market worth $549.7 billion by 2028
URL https://www.openpr.com/news/3491593/digital-health-market-insights-growth-opportunity-share
Category Fitness Health --> Health Articles
Meta Keywords Digital Health Market, Digital Health Industry, Digital Health Market Size
Meta Description The adoption of smartphones, tablet PCs, and Personal Digital Assistants (PDAs) has increased significantly in the past few years. These devices are the primary internet connectivity source in developed regions, such as North America and Europe.
Owner Healthcare101
Description
Digital Health Market in terms of revenue was estimated to be worth $180.2 billion in 2023 and is poised to reach $549.7 billion by 2028, growing at a CAGR of 25.0% from 2023 to 2028 according to a new report by MarketsandMarkets. The growth of this market is driven by the expansion of telemedicine and telehealth services, enhanced patient engagement and empowerment and increased investment in health tech startups. On the other hand, variability in healthcare infrastructure and digital literacy, reimbursement and payment issues are some of the factors challenging the growth of the market.