The healthcare industry has seen a massive influx of investment, innovation, and new entrants over the past two years. Furthermore, $44 billion was raised in health innovation globally last year, which is twice as much as 2020, while the acquisition of health and health tech companies grew 50%. In addition, healthcare spending in the United States is ballooning, with national healthcare expenditure projected to grow at an average annual rate of 5.4% to $6.20 trillion by 2028.
This year is expected to be a transformative one for global health, with digitally enabled care as the center of the transformation. The global digital health Market size is expected to reach $430.52 billion by 2028, achieving a 16.9% CAGR. Also, near-inelastic demand for healthcare and continuing disruptions in the healthcare industry related to technology and medical breakthroughs should drive growth.
