HealthTech Market Size to Reach $3,140.9 Billion by 2033 Globally, at 13.1% CAGR: Allied Market Research [Yahoo! Finance]
Koninklijke Philips N.V. NY Registry Shares (PHG)
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Source: Yahoo! Finance
The growing government initiatives and policy support further drives market expansion. WILMINGTON, Del. April 15, 2025 /PRNewswire/ -- Allied Market Research published a report titled, " HealthTech Market - Global Opportunity Analysis and Industry Forecast, 2024-2033," valued at $908.5 billion in 2023. The market is expected to grow at a CAGR of 13.1% from 2024 to 2033, reaching $3,140.9 billion by 2033. Key factors fueling this growth include the rise in health awareness and preventive care, and the increase in government initiatives and policy support. Report Overview The rise in health awareness and preventive care and the increase in the ageing population has driven the demand for healthcare services, products, and technologies. Additionally, the surge in government initiatives and policy support and the growing demand for smartphones, tablets, and other mobile platforms are positively influencing growth. However, the high cost of deployment of digital health solutions and
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News
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PHG
Earnings
- 11/4/25 - Miss
PHG
Sec Filings
- 11/4/25 - Form 6-K
- PHG's page on the SEC website