Healthtech Development in the World!


The healthcare industry is experiencing a revolution by integrating modern technology. With our society heavily reliant and interconnected with technological advancements, it’s crucial to advance Healthtech even more.

Defining Healthtech

Healthtech uses technological innovation to connect traditional healthcare practices with the latest solutions, resulting in more comprehensive and patient-focused healthcare delivery.

Key Components of Healthtech

  • Medical Devices and Wearables: Proactive health management and early intervention are significantly facilitated by the use of wearable fitness trackers and advanced medical sensors.
  • Software Solutions: The gathering, examination, and comprehension of health-related data is made more accessible through a range of software platforms and applications. There are various options accessible, including electronic health records (EHRs), telemedicine systems and analytical tools for data analysis. For further information please visit
  • Telemedicine and Remote Patient Monitoring: The effectiveness of remote healthcare services greatly depends on crucial resources that enable telemedicine consultations, remote patient monitoring and swift interventions. These tools are essential in overcoming geographical barriers and delivering superior care regardless of the patient’s location.
  • Cloud Platforms and Data Sharing: Allow effortless cooperation and exchange of information in the healthcare industry. They securely store and distribute research data, empowering providers to obtain up-to-the-minute insights, collaborate on studies, and administer tailored care.

Healthtech Market Current State and Size

As a consequence of COVID-19 repercussions, the Healthtech industry has experienced an extensive revolution. The implementation of social distancing and reduced physical healthcare consultations created a noticeable upsurge for virtual health services and digital solutions.

This escalation in interest generated considerable expansion and technological advancement across diverse sectors within the healthcare domain boosting growth prospects around Healthtech sector.

Digital health technologies have gained immense popularity worldwide, leading to significant growth in the global healthcare IT market. This trend was expected to continue and result in a value projection of $164 billion in 2022 with an estimated worth of the digital health industry at USD 244.34 billion in 2023.

Healthtech Prospects 

The Healthtech industry is expected to undergo rapid expansion. Its value is projected to surge up to $852.2 billion with a compound annual growth rate (CAGR) of 18% by 2027, and it’s anticipated that the market will soar even further at around $1069.13 billion come 2032.

Several factors contribute to the optimistic outlook for the Healthtech industry:

  • Widespread adoption of smartphones and advancements in internet connectivity.
  • Providers must adopt digital solutions that provide cost-effective alternatives due to the ongoing increase of healthcare costs.
  • Government initiatives promote policies and offer incentives that encourage the implementation of digital health technologies, resulting in improved healthcare provision and overall progress.

Most Promising Areas

Several areas within healthcare technology are proving highly promising for driving innovation:


This adaptable technology is beneficial for various reasons such as educating individuals on preventive care, detecting diseases, assisting with treatment plans, tracking epidemics, monitoring personal wellness levels autonomously and managing chronic illnesses efficiently.

Robotic Process Automation 

The allure of RPA technology stems from its capacity to optimize administrative operations and mechanize monotonous duties for medical institutions in an efficient and economical manner. As the healthcare sector predicts a need for over 12.9 million additional employees by 2035, possessing this quality becomes significantly essential.


Remote healthcare delivery is becoming increasingly prevalent, shaping a more sustainable virtual care infrastructure. Telemedicine 2.0 enhances patient care and healthcare access through advanced technologies and strategies, optimizing resource allocation within medical facilities for more efficient service delivery, especially during times of heightened demand or emergencies.

Who Creates Healthtech Products

Startups and Corporations

Startups inject dynamism, creativity, and disruptive ideas into the industry, often pioneering novel solutions to address emerging challenges in healthcare. Conversely, established corporations contribute extensive resources, industry experience, and established networks to the Healthtech domain.

Corporations propel the growth of innovative technologies and effective solutions by making strategic investments in research and development, collaborating with academic institutions, as well as partnering with industry stakeholders.

Outsourcing IT companies

In the Healthtech ecosystem, IT firms play a crucial role by enabling easy access to innovative solutions and ensuring their scalability. They offer specialized technical skills, strong infrastructure and end-to-end support throughout product development cycles.

Light-it is an example of an outsourcing company that helps organizations bridge the gap between ideas and implementation – transforming visionary concepts into tangible products with significant impact.

Healthtech’s speedy evolution is transforming healthcare provision by providing inventive remedies to enhance patient results, expand care accessibility and optimize medical procedures.

With technology constantly advancing and acceptance increasing, Healthtech holds vast potential for directing the global future of healthcare in an unprecedentedly positive direction.

Article and permission to publish here provided by Olena Zharonkina. Originally written for Supply Chain Game Changer and published on March 1, 2024.

Cover photo by National Cancer Institute on Unsplash.