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Digital Health is broadly defined as the application of digital technology to improve health or care delivery. This includes but is not limited to R&D, wellness and disease prevention, screening and diagnosis, and care delivery.
As of 2019, Digital Health offered a global market valued at approximately $350 billion. Growing at an 8% minimum CAGR (compound annual growth rate), Digital Health is expected to be valued at more than $600 billion by 2024. As the COVID-19 crisis continues to shape the next normal, it is crucial that stakeholders in medical engineering, manufacturing, and design understand the Digital Health landscape.*