World Cancer Day, February 4th, is a timely reminder of the important role healthcare innovations play in saving lives and improving patient outcomes. Advances in technology, treatment and patient-centered care are also driving growth in the global healthcare industry. Recent forecasts show that (1) the healthcare services market is expected to grow at a combined annual growth rate (CAGR) when it reaches $10.91 trillion by 2028 from $8.34 trillion in 2023.
Innovation is evident in healthcare delivery. This is the most prominent feature of the health industry. For example, telehealth platforms allow remote consultation and real-time patient monitoring, helping to integrate patient records and organize coordination and diagnosis while providing better access to care for underserved populations. Operational efficiency and patient outcomes will be further improved when they are integrated with wearable devices and AI-powered diagnostic systems.
