Two of the fastest moving markets in the corporate landscape are healthcare and technology, so it’s no surprise that digital health is an emerging industry that continues to innovate as technology develops.
Combining healthcare services with cutting-edge digital technology, the digital health market is expected to grow by more than 17% between now and 2027.
As such, this market is a great choice for investors looking to explore the evolving sector and get in at the ground level of global innovation in healthcare.
Whether you’re an investor looking for a new business to support or are a technology business leader who’s interested in helping to advance the global digital health landscape, there are many ways for you to get involved and support digital health innovation.
Keep reading for more insight into the digital health market currently, including how it is evolving and what you can do to be a part of this worldwide revolution.
Over the past few years, remote services have been essential for providing support, diagnostics and health treatments to those who could not wait until the global pandemic had subsided. Even now that the world is slowly reopening, many healthcare providers are eager to invest in remote technologies to help save their precious time and ensure that they still offer a high-quality service that benefits their patients. So, if you’re investing in or developing remote technology that could be used in the healthcare market, then you could branch out or collaborate with an existing digital health business.
When you think of investing in digital health, you might conjure up ideas about buying shares in major corporations, but there are easier ways to get involved. Funds, such as Oxford Capitals’ Growth EIS, offer investors the chance to support health-tech companies. So, if you’re eager to provide financial support to emerging digital health companies, then checking out options such as this could be a great choice for you (dependent on your risk appetite).
Internet of Things-enabled devices have been in use in the healthcare market for many years, but leading digital health pioneers are keen to continue to make use of this innovative technology and work out new applications for it. After all, the more connected we can make the healthcare provision process, the more we can simplify it. We can also reduce human error by using connected IoT devices to monitor conditions and send real-time data to all relevant individuals. As such, it’s worth exploring funds or businesses that are investing in IoT projects for the digital health market. Even if you’re not an early adopter, you’ll still be able to make a significant impact on the future of the digital health market.
Digital health is a fast-paced market that offers many opportunities for those who want to invest or innovate. This article should offer you the inspiration you need to make informed choices about this unique tech sector.
Ella Woodward is an entrepreneur who has built a career as a freelance writer and building a business from her skill with words and understanding of the needs of corporate readers.