HealthTech, also known as digital health, encompasses the use of technology to enhance the provision, payment, and utilization of healthcare services. These technologies include databases, applications, mobile devices, and wearables. Focused on optimizing personal and preventive care, HealthTech also offers the potential to accelerate the development and commercialization of medical products.

Several factors are driving the growth and evolution of the HealthTech sector. Firstly, consumers accustomed to Amazon-like experiences in retail and hospitality, now desire similar experiences in healthcare and other sectors. Secondly, individuals are showing growing interest in taking control of their health. Meanwhile, regulatory changes are also contributing to the growth of HealthTech.