By The Numbers

$6.7B – Q1 2021 Investment in Digital Health

The digital health market has skyrocketed in the past year.  $6.7B has been invested in Q1 2021 alone, outpacing last year which was a growth year.

Source: Rock Health, Q1 2021 Funding Report: Digital Health is all grown up, March 31, 2021

58% – Physician Expectations for In Person Sales Reps

58% of physicians expect a return to primarily in-person sale reps interactions within the 2021 calendar year. 

Source: ZoomRx Syndicated A4’21 Pulse Survey ,March 5 – 8, 2021. 

$6.9B – Market For Psychedelic Drugs in 2027

There is a new type of drug in town.  The  market for psychedelic drugs is expected to reach $6.9 Billion by 2027

Source : Prnewswire, April 14 2021

$892.4B – Medical Device Reimbursement Market

The global medical devices reimbursement market size is expected to reach USD 892.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.8% from 2021 to 2028.

Source: Report by Grand View Research, March 2021

$5B – Global COVID-19 Vaccine Market Revenue

The global COVID-19 vaccine market by revenue is expected to reach a value of USD 5 billion during 2021-2024

Source : Global COVID-19 Vaccine Market Outlook and Forecast 2021-2024, Research and Markets, March 24, 2021

$2.44 Trillion – Global Biotechnology Market Size

The global biotechnology market size is expected to reach USD 2.44 trillion by 2028, according to a new report by Grand View Research.  The global biotechnology market size was valued at USD 752.88 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 15.83% from 2021 to 2028.

Source : Biotechnology Market Size, Share & Trends Analysis Report By Technology (DNA Sequencing, Nanobiotechnology), By Application (Health, Bioinformatics), By Region, And Segment Forecasts, 2021 – 2028, March 2021, Grand View Research 

$218B – Telehealth Market in 2025

The global telehealth market is expected to decline from $83.08 billion in 2020 to $80.53 billion in 2021 at a compound annual growth rate (CAGR) of -3.06%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $218.5 billion in 2025 at a CAGR of 28.34%.

Source : Telehealth Global Market Report 2021: COVID19 Growth And Change, The Business Research Company, March 2021