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Launch of new products
Rising launch of innovative new digital healthcare products can drive the market growth. Technology companies and startups are introducing novel solutions that are transforming how healthcare services are delivered and received. For example, remote patient monitoring platforms enabled by devices like glucose monitors, blood pressure cuffs and scales can seamlessly connect to apps or portals. This allows chronic condition patients to stay in their homes while doctors can closely track their vitals and intervene remotely if needed. As a result, healthcare is becoming more accessible, affordable and patient-centric. For instance, on March 14, 2024, Mayo Clinic launched a digital health product pipeline with the goal of easing the challenges faced by digital health companies in selling to hospitals. It aims to simplify the process for hospitals to discover and incorporate beneficial tools into their systems
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