The FDA’s Digital Health Center Of Excellence: Why It Matters And What It Means To You
Excerpt from the Article:
Last month, the US Food and Drug Administration (FDA) launched the Digital Health Center of Excellence (DHCoE), bolstering the shift toward digital that the healthcare industry has already been embracing. Investment in digital health is at an all-time high. The market cap created from nine IPOs in 2019 from companies in the digital health space sits at $43 billion. There was a record of $4.2B in venture funding for digital health in H1 2020 in addition to continued investments in wearable technology from tech titans like Apple, Google, Samsung and, most recently, Amazon.
While overtures in this market are strong, digital health still faces significant hurdles, including data quality, measuring effectiveness on care outcomes, and integration issues between innovating parties.
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