Health Care comprises hospitals medical devices clinical trials telemedicine medical tourism health insurance and medical equipment.
The six major categories of healthcare services include inpatient outpatient community-based voluntary institutional governmental & comprehensive health maintenance agencies.
The evolution of the healthcare industry is of paramount importance as the world changes. It’s important for the healthcare industry to change to meet new leads and provide care as it is integral to the physical and economic health of every person.
The COVID-19 pandemic has highlighted the role of this industry in the general well-being of mankind. Healthcare professionals have played a critical role throughout the pandemic as new demands emerged for therapists, telehealth specialists, and other experts to help fight the virus. The faster pace of growth of this industry isn’t expected to slow down anytime soon as it is projected to grow 16% over the next decade.
The growth is mainly due to an aging population that will have a greater need for health care services. By 2050, there will be more than 1 billion people over 70.
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The shortage in the healthcare workforce remains a big issue. By 2030 the Global workforce needs to double itself to cater to the rising demands.
How countries the world over fight this challenge would define the future of our world as even though Technology will definitely support the healthcare workforce it is surely not going to replace them as health is one of the least automatable sectors. Clinicians will still be needed to care for people to interpret and contextualize sensitive information.
In recent times the healthcare sector is increasingly being invested by startups who have seized the digital high ground. The outcome of these investments will be a generation of healthcare companies special in countries like India which will define a new Health Care delivery ecosystem.
The wave of transformation that the healthcare industry around the globe is facing requires it to be more focused on patient-centric, outcomes-driven, preventive, and specialty oriented. At the same time, it is finally entering the digital age – unlocking information empowering patients, enabling real-time analytics, and bringing much-needed focus on prevention.
