something I just seen The health care market has seen rapid growth among stocks in the digital space.
Companies that utilize technology to drive improvements in medical products and healthcare services are powering much of this innovation as they advance their business.
In 2020, PwC Canada estimated the digital health market to be worth more than C$5 billion in Canada, and the global market size was greater than C$100 billion. Fast-forward just one year, and the global digital health market reached a value of C$389 billion. Looking forward, market analysts at ResearchAndMarkets.com expect the market to reach more than C$1 trillion by 2027.
These numbers represent growth in a world where COVID-19 is a part of our regular lives, and as it continues to put pressure on health systems in the months and years to come, experts expect this trend to accelerate.
Digital health includes medical wearables, and healthcare analytics, along with digital healthcare systems like EMR and EHR medical apps. One of the most significant elements is telehealth, with a number of intriguing plays seeing substantial growth in recent months.