From AI to Techquity: Healthcare Innovation is a Marathon not a Sprint
Five Key Trends and Innovations that are Reshaping the Healthcare Landscape
How are traditional business models in healthcare evolving in the face of digital innovation and growth? How are information and interoperability emerging as a key determinant of health? What types of opportunities will these disruption factors create?
The healthcare industry is undergoing a significant transformation, driven by advancements in technology and a shift in patient expectations. Once a traditional sector, healthcare has evolved into a high-tech powerhouse, leveraging artificial intelligence (AI), machine learning (ML), and data analytics to improve patient outcomes and operational efficiency.
Digital Health Market size was worth more than $233.5 billion in 2022 and is anticipated to depict a 15% CAGR between 2023 and 2032 to hit almost $1 trillion. The past three years have seen unprecedented digital health activity: record levels of venture funding of $5.4 billion; megadeals, such as Teladoc Health’s $18.5 billion acquisition of Livongo; and accelerated virtual care delivery, with $3.9 billion acquisition of One Medical by Amazon; and acquisitions of Signify Health and Oak Street Health by CVS health for $8 billion and $10.6 billion respectively.
