pharmaphorum December 5, 2018
George Underwood

The digital health market is set to exceed $379 billion by 2024, according to a new report by Global Market Insights.

The report identifies several factors driving this growth, including increasing demand for remote monitoring services owing to rising incidences of chronic diseases worldwide, as well as favourable government initiatives and funding in various countries for adoption of digitalised systems – such as the US Health Information Technology for Economic and Clinical Health (HITECH) Act, which is providing $20 billion to hospitals and doctors to support their installation of electronic health records.

In addition, tremendous rises in the penetration of smartphones, tablets and other mobile apps among physicians to track and access medical information will further favour industry expansion –...