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July 8, 2024
Digital healthcare market predicted to hit $836bn by 2031
Summary
A Coherent Market Insights report forecasts the global digital healthcare market will reach $836.10 billion by 2031, with a compound annual growth rate of 21% from 2024. Key drivers include the widespread adoption of telehealth spurred by the Covid-19 pandemic, the ageing population requiring remote monitoring, and substantial investments in healthcare digital transformation. The report highlights that healthcare analytics solutions already account for over 30% of the market share, aiding in population health management and financial performance. Challenges noted include data security and the lack of digital infrastructure in developing regions.
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