This briefing examines how the healthcare and social services industry is performing globally and in the largest countries in terms of healthcare and social services output. The report also provides data for production, market size, imports, exports, industry costs, industry profitability and the number of companies. The industry and market overview provide benchmarks against other countries globally.
This report comes in PPT.
The healthcare industry is expected to benefit from further advances in digital transformation over the forecast period. Beside the use of electronic health records, increasing utilisation of fast network connectivity, cloud computing, data analytics, artificial intelligence (AI), the Internet of Things (IoT) and robotics are expected to help streamline the delivery of healthcare services, improve outcomes and reduce costs.
Virtual care will be an important way to meet the growing need for healthcare, and align with populations’ changing preferences. Although telehealth solutions are not expected to fully replace in-person visits, they will help to supplement conventional services and provide greater, more equitable access to healthcare to the wider population.
With environmental awareness growing, the importance of sustainable practices has been on the rise within the healthcare industry. The health and social services industry is expected to witness increasing uptake of sustainable practices, including the reduction of carbon emissions and waste disposal, and more efficient resource management.
Budgetary pressures and the rising costs of health and social services continue to escalate cost-containment policies. In order to reduce public spending on health and improve efficiency, governments are enacting strategies to promote preventative and personalised care, alternative provider payment methods and hospital capacity planning.
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