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The Future of Health Tech

Healthtech is revolutionising the healthcare industry, offering unparalleled opportunities for innovation, improved patient care, and significant cost reductions.

The World Health Organization (WHO) defines Healthtech as the “application of organised knowledge and skills in the form of devices, medicines, vaccines, procedures, and systems developed to solve a health problem and improve quality of lives”.

While it isn’t a new industry, its current growth is noteworthy for investors. The global digital health market was estimated at USD$240.9 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 21.9% from 2024 to 2030.

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# Source: L.E.K. Consulting

The healthcare industry accounts for approximately 30% of the world’s data volume.

# Source: L.E.K. Consulting

The global healthcare data analytics market to reach $1.5 to $2 billion by 2030.

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