From tracking your daily steps to saving a life:
Health technology empowers individuals on their journey to wellbeing by providing a powerful ally in technology. By providing solutions that improve conditions in the healthcare industry, devices that bring healthcare into consumers' homes, and wearable technology that can monitor important factors of a patient's condition in their day-to-day lives, health tech and digital health innovations are revolutionizing the way we approach healthcare. Today, the future of the healthcare industry looks more accessible, convenient, and patient-centric than ever before.
This transformation has resulted in a booming industry that is fertile ground for innovation and business opportunities. Sources forecast market growths from $371.4 billion in 2022 to $439.5 billion in 2023, with a compound annual growth rate (CAGR) of more than 18% for the healthcare technology market. On the digital health side, the market was valued at USD 195.1 billion in 2021 and is forecasted to grow to USD 780.05 billion by 2030 at a CAGR of 16.1%.
For these reasons, we at Future Electronics are looking to help you find the missing pieces of the puzzle and enable you to design the next industry-defining innovation. We are your trusted partner for all electronic solutions in the Health and Wellness realm. This quarter, we are bringing cutting-edge devices, industry insight, and new opportunities to your business.
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Focus technology segments
*Source: Global Newswire (from The Business Research Company and Facts and Factors report)
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