The digital health market in Australia is set for expansion. This growth reflects the increasing integration of digital technologies into healthcare and rising demand for more accessible, efficient, and personalized medical services. With these factors in play, the digital health market in Australia is set to grow at compound annual growth rate (CAGR) of approximately 8% through 2034, forecasts GlobalData, a leading data and analytics company.
GlobalData’s research reveals that Australia accounted for 12% of the Asia-Pacific (APAC) digital health market in 2024. This growth is fueled by the ongoing technological advancements, particularly the integration of artificial intelligence (AI), along with improvements in functionality and user experience.
Shamreen Parween, Medical Devices Analyst at GlobalData, comments, “The move toward digital health marks a transformative shift in the landscape of modern healthcare, fundamentally altering how medical services are delivered, integrated, and perceived. This change redefines patient care by enabling more seamless coordination among providers, enhancing the overall healthcare experience, and embracing innovative, technology-driven approach to treatment and wellness.”
AusBiotech, Australia’s life sciences industry body, has recently partnered with ANDHealth, the country’s provider of commercialization support for digital and connected health. This strategic partnership aims to deeply embed digital health within the broader life sciences and biotech sectors, facilitating a culture of innovation and accelerating the advancement and adoption of transformative health technologies. Together, they aim to drive the seamless integration of digital health solutions, paving the way for improved healthcare outcomes and sustained industry growth.
Parween concludes: “Digital health is transforming the healthcare landscape by improving efficiency, and supporting more individualized, patient-centered care. Its impact extends far beyond clinical settings, creating new job opportunities, expanding market opportunities, and enhancing the overall quality and accessibility of care.” (PR)
