Key features 📊
- The global healthcare market reached a value of nearly $8,452 billion in 2018, having grown at a compound annual growth rate (CAGR) of 7.3% since 2014, and is expected to grow at a CAGR of 8.9% to nearly $11,908.9 billion by 2022.
- According to Gartner (2020), 79% of healthcare providers are already successfully employing IoT solutions.
- Analysts expect Artificial Intelligence in healthcare to reach $6.6 billion by 2021 (with a 40% CAGR).
- The Internet of Medical Things (IoMT) market is expected to cross $136 billion by 2021.
- Analysts expect the healthcare wearable market to have a market volume of $27 billion by 2023 (with a 27.9% CAGR).
- The IoT industry is projected to be worth $6.2 trillion by 2025 and around 30% of that market (or about $167 billion) will come from healthcare.
- Analysts expect the global Medical Health Apps market to grow to $236 billion by 2026, reflecting a shift towards value-based care.
- The projected global digital health market is estimated to reach $510.4 billion by 2026 (with a 29% CAGR).
- $1tn The amount the global immunity wellness market is expected to grow by 2023
The problem🕵🏻♂️
Nobody was expecting to respond, in such a hurry, to such a pandemic like the coronavirus. The year 2020 was a breakthrough in many industries but to the health tech industry, it just turned processes around for Pfizer (and many others) from developing a new kind of mRNA vaccine for the coronavirus, guide it through clinical trials and get it out to the public in record time.
The solution it provides💡
Save lives.
Everything humans can imagine. From printing a liver for replacement, curing cancer, or improve immunity altogether.
The top actors 🔝
- Anti-depression using psychedelics with Atai Life Sciences & Compass Pathways
- The tech giants investing in the HealthTech industry, like any other: Elon Musk (Neuralink), Bill Gates (Ilara Health)