Stud­ies Show Mar­ket Growth for Health­care Tech­nolo­gies

Health Data Management - - GROUP PRACTICES -

• As health­care or­ga­ni­za­tions move to­ward in­creased in­no­va­tion, a va­ri­ety of tech­nol­ogy mar­kets are ex­pected to ex­pe­ri­ence growth:

• The global mar­ket for health­care ar­ti­fi­cial in­tel­li­gence soft­ware, hard­ware and ser­vices will in­crease from $235 mil­lion in 2016 to $19.3 bil­lion by 2025, ac­cord­ing to Trac­tica.

• The global tele­health mar­ket is ex­pected to reach $12,131 mil­lion by 2022, grow­ing at a com­pound an­nual growth rate of about 30.1% be­tween 2017 and 2022, ac­cord­ing to a re­port from Zion Mar­ket Re­search.

• The world In­ter­net of Things health­care mar­ket is ex­pected to reach $136.8 bil­lion by 2021, grow­ing at a CAGP of 12.5% be­tween 2016 and 2021, ac­cord­ing to re­search from Re­search and Mar­kets.

• The aug­mented and vir­tual re­al­ity in health­care mar­ket was val­ued at $769.2 mil­lion in 2017 and is ex­pected to hit $4,997.9 mil­lion by 2023, a CAGP of 36.6% dur­ing the fore­cast pe­riod, ac­cord­ing to a re­port from Mar­kets and Mar­kets.

• The health­care wear­ables mar­ket will ex­ceed rev­enues of $10 bil­lion in 2022, ac­cord­ing to a mar­ket fore­cast from ABI Re­search.

• The health in­tel­li­gent vir­tual as­sis­tant mar­ket hit $180 mil­lion in s018 and is ex­pected to grow at a 31% CAGR from 2017 to 2024, ac­cord­ing to re­search from Global Mar­ket In­sights.

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