Demand for digital health technology is quickly gaining momentum.
In fact, by 2026, the market couldbe worth up to $456.9 billion. “Growth in the global market is set to be driven by the transformation of patient data stored in the form of electronic forms saving time and space. The implementation of mobile applications by young adults has a positive effect on the worldwide digital health market,” according to ReportLinker.
That’s a big positive for companies such as AI/ML Innovations (CSE:AIML)(OTC:AIMLF), Reliq Health Technologies Inc. (TSXV:RHT)(OTC:RQHTF), WELL Health Technologies Corp. (TSX:WELL)(OTC:WLYYF), Mydecine Innovations Group (CSE:MYCO)(OTC:MYCOF), and KetamineOne Capital Ltd. (NSEO:MEDI)(OTC:KONEF).
Plus, according Accenture’s Digital Health Technology Vision 2021 report, “Growing investments in digital twin technologies (e.g., the internet of things, data streaming, and 5G) give rise to a new generation of organizations and intelligence. In a mirrored world, a healthcare organization’s physical world is represented in a digital environment with models of whole factories, supply chains, product life cycles, and more. The technology presents new opportunities for leaders to bring data and intelligence together, ask and answer big questions, and reimagine how they operate, collaborate, and innovate — before making real-world decisions.”