Forbes February 5, 2019
The importance of the healthcare industry is manifestly obvious, whether viewed in terms of its potential to profoundly impact people’s lives, its universal relevance that cuts across demographics and geography or its major contribution to global economic activity, with annual healthcare expenditures projected to surpass $10 trillion by 2022, according to Deloitte.
But there are also major structural challenges facing the global healthcare industry. Developed economies have to navigate aging populations, chronic illnesses and reduced government subsidies since the financial crisis. Developing economies strive to improve access to quality healthcare and population life expectancy. These pressures threaten significant human and economic costs for individuals and society at large.
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