With greater demand for digital health, the U.S. government is investing $80 million to create a new public health informatic and technology program.
In fact, according to Forbes, “Over the past decade, the idea of digital health has transformed from simple patient-portals and rudimentary EMR systems to a more vast ecosystem, ranging from healthcare devices, telehealth services, artificial intelligence and machine learning capabilities, and robust data-science. Indeed, many of these new innovations are revolutionizing the way healthcare is being delivered.”
With digital health under bigger demand, it could be beneficial for companies such as AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF), Empower Clinics Inc. (CSE:CBDT) (OTC:EPWCF), Tetra Bio Pharma Inc. (TSX:TBP)(OTC:TBPMF), Apyx Medical Corporation (NASDAQ:APYX), and WELL Health Technologies Corp. (TSX:WELL)(OTC:WLYYF).
Even better, by 2023, the digital health market could be worth up to $223.7 billion, according to Transparency Market Research. By 2024, it could be worth $379 billion. The firm added, “The world digital health market has been prophesied to gain a strong impetus due to the surging adoption of IT in the healthcare industry and growing count of government initiatives in favor of healthcare providers and also patients. The rapid improvement of healthcare IT infrastructure and rising usage of mobile platforms such as tablets and smartphones could bode well for the market.”