The market of digital healthcare has many segments in Europe which include mHealth, telehealth, EHR/EMR (electronic health records/electronic medical records) and others such as medical data analytics and remote diagnostics. The mHealth sector as per estimation is set to rule the market with 40 per cent of share by 2024. This is because a larger number of citizens are likely to utilize the health and fitness apps to keep a tab on their daily physical activities which boosts the market growth. Greater accessibility followed by convenience will help patients to incorporate mHealth services and it includes healthcare apps and other wearable health devices.
In August 2020, National Digital Health Mission was established by the Ministry of Health and Family Welfare and the Government of India. It was set up to offer the required support to integrate the infrastructure of digital health in India. Under this mission, a health ID was created as a part of the digital infrastructure. It is a unique identity card to identify patients, authenticate their existence and maintain their health records. There is Digi-Doctor which is a repository of every doctor who practices or teaches modern systems of medicine. Electronic Medical Records to track the diagnosis history of patients.
Thus, the rise in growth and ranking of digital health has increased capital investment to a large extent. Around 53 per cent of angel investments were done in healthcare in 2019. Within the first quarter, the healthcare industry saw a 50 per cent rise in terms of volume in 2020.
References
- https://www.biospectrumasia.com/opinion/49/17068/post-covid-19-healthcare-systems-should-look-to-implement-a-knowledge-driven-care-model.html
- https://www.ibef.org/blogs/digital-healthcare-to-witness-exponential-growth-in-india