AI, telehealth are among technologies to rapidly expand in 2020

Payers and providers will see artificial intelligence, care coordination, cybersecurity, data analytics, digital therapeutics and telehealth drive the digital health market in 2020. The study by Dublin-based Research and Markets, entitled, "Global Digital Health Outlook, 2020," says digital health "is a growing but complex market," with an expected compound annual growth rate of 12 percent through 2023. Payers should look to digital solutions to boost the quality and efficiency of healthcare, authors of the study say. In addition, digital health solutions are expected to offer "great promise" for new care delivery models and expanded access. For the study, analysts looked at the recurring themes visible across all global markets, including an aging population, a rising prevalence of chronic diseases, anticipated medical staff shortages, long wait times to get care, universal concerns about the quality of care, and the need for a common technical platform.