how is the technology has change to be the healthcare industry today

The global health market generated a revenue of USD 23.0 billion in 2017 and

is further expected to reach a value of USD 132.2 billion by 2023. exhibiting a CAGR of 33.5% during the forecast period (2018-2023).

Growing internet penetration and

growing smartphone usage is driving the digitization of healthcare operations. and the development of digital solutions for patient care. In developing countries,

Guest Posting the emergence of affordable 3G

and 4G networks are increasing mobile penetration

According to the China Internet Network Information Center (CNNIC) "as of December 2016. China had 731 million Internet users. accounting for 53.2% of the country's population, with 95% of Internet users being mobile users."

Moreover, according to the World Bank's 2016 development indicators. 44 out of every 100 people in the world are internet users. This rapid increase in the use of the Internet and smartphones is increasing

the demand for mobile health applications. Besides, the increasing population in several countries and

the increasing prevalence of civilization diseases are also driving. the demand for healthcare solutions across the globe. These apps help doctors provide home diagnostic solutions and personalized patient care.

View a detailed report on the regional segmentation of the health market

Additionally, with the adoption of integrated mobile apps and connected medical devices. doctors can diagnose patients and prescribe medications without requiring their physical presence. Another major factor fueling the growing popularity of mobile. healthcare is the rising cost of healthcare in many countries around the world. The use of expensive modern technologies and drugs. and rising prices of health goods and services. and escalating administrative costs in the health sector are

the main factors responsible for the skyrocketing costs of health care.

When the supply to considered, the health market to categorized into connected devices. apps, and health services. Among them, the connected. devices category has seen tremendous growth in the market in the past years. and this trend is likely to continue in the future. This is due to several advantages of connected devices. such as their ability to provide remote patient monitoring, and low-cost patient care. better patient outcomes, and real-time disease management.

According to the findings of P&S Intelligence, an India-based market research firm. the North American health market has been very lucrative globally in the last few years. The rise of this market has driven high healthcare expenditure. high prevalence of lifestyle-related chronic diseases. easier consumer accessibility to connected healthcare facilities. and the presence of a large geriatric population in regional countries.

So, it is safe to say that the demand for health will increase in the coming years worldwide. due to the increasing prevalence of chronic diseases, rising healthcare costs,

and increasing demands for personalized and remote patient care.