6 Ways Digital Technology Is Changing the Healthcare Industry

The healthcare technology (healthcare IT) market has experienced rapid growth in recent years, as highlighted by a report from Towards Healthcare (as of 2024). The global healthcare IT market size is projected to be valued at $280 billion for year 2024 and is projected to expand at a compound annual growth rate of 17.5% from 2024 to 2034. The healthcare IT market is experiencing significant growth, driven by the increasing number of patients with chronic conditions and the rising demand for efficient management of patient data through innovations such as remote monitoring, e-prescriptions, and telehealth solutions.This projected growth trajectory underscores how digital technology is fundamentally altering the healthcare landscape.

Medigy Insights

Digital innovation is reshaping how healthcare services are delivered and accessed. Technologies such as telemedicine platforms, patient portals, electronic health records, AI analytics, and health data tools are being adopted by healthcare stakeholders – patients, providers, payers, and public health authorities – to address current industry challenges. These tools are looking to create expanded access to medical services, more streamlined communication between patients and providers, and enhanced management of clinical data.

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