Hacker Noon October 25, 2020
Governments are spending more and more resources on medicine every year, with the world’s drug development market amounting to more than 350 billion USD per year. On top of that, the World Health Organization is reporting almost 40 million confirmed cases of Covid-19 and more than a million deaths since the beginning of 2020. As such, this current pandemic will only cause a significant increase in the demand for vaccines; a market that exceeded 42 billion USD in 2019 and is predicted to grow more than 14.7% CAGR (compound annual growth rate) between 2020 and 2026.
The healthcare IT market is needed for the integration of simple and more complex medical technologies. It is a 20 billion USD market and...
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