The global digital health market is strengthening due to increasing efforts to prove the benefits of technology, according to a recent report by healthcare innovation consultancy Enspektos, LLC. The new report, Q3 2017 digihealth impact trac study reveals that accelerating innovation activity in Europe and Asia, record-breaking investment levels and other drivers contributing to the digital health market’s growing global strength and impact,
This report also indicates that innovators are focused on optimizing the use of mobile technologies in health, governments are making significant investments in digital health infrastructure and partnerships are becoming a core strategy for pharmaceutical firms, hospitals, technology companies and others seeking to build and commercialize digital solutions.
“Currently, thousands of organizations, startups, government agencies, universities and others are testing, developing and commercializing digital solutions globally. But, the full impact of these activities is not captured in quarterly investment numbers,” said Fard Johnmar, founder and president of Enspektos in a statement. “digihealth impact trac provides innovators, executives, analysts and others with quarterly metrics and trend data that will help them fully understand, assess and appreciate digital health’s growing global reach and influence.”
The Q3 2017 edition of digihealth impact trac also highlights five key trends shaping the global digital health ecosystem:
Here are five key trends shaping the global digital health ecosystem to know about the study
1. Chronic Conditions, Cancer Receiving Significant Innovation Attention: Entrepreneurs, hospitals, pharma and others are working to use mobile, Big Data and other technologies to improve the diagnosis and management of diabetes, cancer, age-related conditions, asthma and depression.
2. Virtual Reality is Rising in Health: Although the broader consumer virtual reality market has been slow to develop, early pilots and research suggest the technology has health benefits, especially in anxiety, PTSD, depression and other behavioral health conditions.
3. Regional Investors Stepping Up: While the U.S. still attracts the majority of digital health investment dollars, regional investors in Europe, India and other locations are becoming more assertive.
4. Partnerships Becoming Central: Partnerships are becoming a core strategy for pharmaceutical firms, hospitals, technology companies and others seeking to build and commercialize digital solutions.
5. Wearables Are Gaining Ground in Health: Wearables are being increasingly utilized across a range of health conditions, especially diabetes.
Click here to read the full Q3 2017 digihealth impact trac report.
