The digital health space refers to the integration of technology and health care services to improve the overall quality of health care delivery. It encompasses a wide range of innovative and emerging technologies such as wearables, telehealth, artificial intelligence, mobile health, and electronic health records (EHRs). The digital health space offers numerous benefits such as improved patient outcomes, increased access to health care, reduced costs, and improved communication and collaboration between patients and health care providers. For example, patients can now monitor their vital signs such as blood pressure and glucose levels from home using wearable devices and share the data with their doctors in real-time. Telehealth technology allows patients to consult with their health care providers remotely without having to travel to the hospital, making health care more accessible, particularly in remote or rural areas. Artificial intelligence can be used to analyze vast amounts of patient data to identify patterns, predict outcomes, and provide personalized treatment recommendations. Overall, the digital health space is rapidly evolving, and the integration of technology in health

Saturday, February 22, 2020

Digital healthcare is booming -- but who will come out on top?

 Despite billions of dollars worth of capital flowing into digital healthcare startups, many are vulnerable to imminent collapse.

In recent times, Silicon Valley tech companies and venture capital (VC) funds have banded together to transform healthcare. This has lead to the creation of a new type of industry that includes digital health services, digital therapeutics, and even digital medicines. But don’t get sucked into the hype — the digital healthcare space has its own challenges and 2020 might be the year of reckoning for many companies.

A lot of money but little to show for

Since the first iPhones rolled out, developers were quick to release all sorts of health apps that monitor various factors, including weight, exercise, blood pressure, cholesterol levels, sugar levels, heart rate and sleep quality. Some apps even claim that they detect cancer.

Today, there are roughly 318,000 health-related apps available on the market and almost 20% of smartphone users have one or more applications on their device that help them track or manage their health.

The year 2019 saw a lot of money pouring into startups and many digital health unicorns (valued at over $1 billion) were created overnight with high-flying initial public offerings (IPOs).


 VC funding leveled off to about $7 billion in 2019 after topping at $8 billion the prior year with over 350 companies funded. That same year, six companies had IPOs resulting in a combined market value of $17 billion, among them Livongo, Change Healthcare, Phreesia, and Health Catalyst. By 2026, the global digitalization healthcare market value is expected to reach around $511 billion.






Digital healthcare is booming -- but who will come out on top?:
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