Digital healthcare is a broad and growing sector, but at its core is a simple concept. This concept involves using technology to help humans' health and wellness. It can cover everything from wearable gadgets to ingestible sensors, from mobile health apps to artificial intelligence, from robotic carers to electronic records.
While Google is equipping itself for the future, Apple is more grounded in the present. The company has expanded the functionality of its products, such as iPhone or Apple Watch, to increase its offering on the provider side with ResearchKit and Health Records. In addition, Apple has purchased a medication delivery company that plans to change how healthcare gets delivered in the US, and Apple is currently working on its own health benefits platform.
Healthcare expenditures will increase to a projected $10.059 trillion by 2022. This growing demand will require technology-based solutions to reduce costs. As a result, both the public and private sector will see vast investments in the digital healthcare space to make healthcare easier to obtain and more affordable.