Report: Consumer health tech surges to $4.5B in annual investment

Consumer health tech, fueled in recent years by advancements in AI, wearable technology and telemedicine, saw a 9% increase in global investment during 2024, to $4.5 billion, according to Galen Growth, a digital health market intelligence company. In a report titled "A Paradigm Shift in Healthcare," Galen defines consumer health tech as digital solutions "accessible without prescription or guidance from a physician, often positioned as tools for early disease detection and prevention."