The term "Digital Healthcare" encompasses several concepts from an intersection between technology and healthcare.

 

Digital Healthcare

Digital health, often known as digital healthcare, is a wide, interdisciplinary term that encompasses ideas from the convergence of technology and healthcare. Digital health is the application of digital transformation to the field of healthcare, encompassing software, hardware, and services. Mobile health (mHealth) applications, electronic health records (EHRs), electronic medical records (EMRs), wearable devices, telehealth and telemedicine, and customised medicine are all included under the digital health umbrella.

Patients, practitioners, researchers, application developers, and medical device makers and distributors are among the stakeholders in the digital health area. Today, digital healthcare is playing an increasingly significant role in healthcare. It is not a novel idea to use information and communication technology to give digital health treatments to prevent disease and improve quality of life. However, in the face of global concerns such as ageing, child illness and mortality, epidemics and pandemics, high costs, and the effects of poverty and racial discrimination on access to healthcare, digital health platforms, health systems, and related technology are becoming increasingly important and evolving.

To provide better treatment to patients, Digital Healthcare employs technology such as telemedicine, artificial intelligence (AI)-enabled medical equipment, and blockchain electronic health records. Companies are partnering to expand digital healthcare, which is driving growth. For example, EMEA Edison Accelerator, a new start-up accelerator programme in EMEA, was established in December 2020. The initiative was launched in conjunction with GE Healthcare and Wayra UK, a corporate innovation pioneer. The accelerator programme centred on bringing artificial intelligence (AI) to several sectors of the healthcare industry, including operational AI in cancer, medical imaging, and enhancing patient experience.

Furthermore, governments in some regions are focused on developing programmes to promote and adopt AI in the healthcare industry, which is boosting growth. For example, the Government of India intended to introduce a special incentive scheme in August 2021 to encourage start-ups in telemedicine, digital health, and artificial intelligence (AI). Furthermore, the Biotechnology Industry Research Assistance Council (BIRAC) has provided more than US$ 280 million in funding to around 1,500 healthcare startups, companies, and small businesses.

Furthermore, the introduction of new companies in digital healthcare will drive the market's growth throughout the forecast period. For example, in April 2021, K Health, Anthem, and Blackstone Growth announced the formation of a joint venture to use artificial intelligence techniques to provide innovative digital health solutions to customers.

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