Digital health is one of the significant changes happening in the world of healthcare. Thanks to new technology, patients can now speak to doctors online, track their health using apps, and get quicker help when they need it. This trend is growing steadily and creating various opportunities for both consumers and investors.
Let’s explore what digital health means, how it’s growing, and why it matters.
What is digital health?
In simple terms, digital health means using technology to give or receive healthcare. Doctors, hospitals, and patients can each utilise it for various purposes.
Some common aspects of digital health are:
- Telemedicine: Talking to a doctor on a phone or video call.
- Health apps: Using a mobile app to check symptoms or book appointments.
- Wearable devices: Smartwatches that track your heart rate or sleep.
- Electronic health records: Medical reports that are saved on computers.
- Artificial intelligence (AI): Software designed to support doctors in making more informed clinical decisions.
These tools are making healthcare more accessible and convenient, especially in areas where there are not many hospitals or clinics.
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Why digital health is growing so fast
According to Straits Research, the global digital health market was worth about $280.71 billion in 2024 and is expected to cross $1 trillion by 2032, growing over 17% each year.
There are several reasons why digital health is becoming more widely adopted:
- Smartphone and internet usage has grown significantly among the global population.
- Patients are seeking faster, more convenient ways to consult doctors.
- There is a shortage of healthcare professionals in many regions.
- Long-term conditions like diabetes require ongoing monitoring and care.
What this means for patients and families
Digital health brings several benefits for patients and their families:
- Faster help: You can speak to a doctor without leaving your home.
- Potentially lower costs: Online consultations may cost less than in-person visits.
- Better tracking: Devices like smartwatches help monitor health daily.
- Personalised advice: Health apps can offer tips tailored to individual needs.
- Safe storage: Medical records are stored securely and can be shared with doctors when needed.
For families in smaller towns or rural areas, this may help improve access to timely care.
The important role of artificial intelligence
AI plays a vital role in expanding digital health by helping healthcare providers deliver care more efficiently. AI is being used in several ways:
- Analysing scans: AI tools study X-rays or MRI scans to assist in diagnosis.
- Predicting illnesses: AI can assess medical history and highlight potential health risks.
- Streamlining operations: Hospitals use AI for managing records and administrative tasks.
- Personal care plans: AI supports designing treatment plans tailored to patient needs.
According to Galen Growth, a rising number of digital health start-ups are integrating AI technologies, particularly in diagnostics and remote care, reflecting broader momentum toward AI-driven healthcare innovation.
Governments are supporting the shift
Digital health is also receiving growing support from governments:
- Enabling telemedicine across states or regions through regulation.
- Funding system upgrades in hospitals.
- Promoting awareness of health apps and digital services.
- Training healthcare staff to use emerging technologies.
Such support is helping digital health tools reach a wider audience.
Some challenges to keep in mind
While digital health holds promise, it also comes with challenges:
- Internet access: Remote areas may still lack consistent internet coverage.
- Digital literacy: Some users may find it difficult to use digital platforms.
- Data privacy: Ensuring health information is secure is critical.
- Cost of devices: Not everyone can afford wearable technology or smartphones.
However, many of these issues are being addressed through improved connectivity and more affordable solutions.
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Conclusion
Digital health is changing the way we access and deliver healthcare. It’s making medical support faster, more accessible, and increasingly tailored to individual needs. Whether you're a patient, a caregiver, or exploring new investment themes, this trend reflects long-term shifts in healthcare delivery. As technology evolves and adoption increases, digital health is positioned to become a meaningful part of the global healthcare ecosystem.
At Bajaj Finserv Asset Management Ltd, we aim to harness the power of megatrends by offering investors access to themes shaping the world’s future — from clean energy to technology, innovation, demographic shifts and more. Many of our funds follow a megatrends investment approach to help you participate in these long-term shifts, with a focus on growth potential and diversification. Build your future-focussed portfolio with Bajaj Finserv AMC.
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