Boston, United States, Oct. 27, 2022 (GLOBE NEWSWIRE) — Mordor Intelligence, a leading market intelligence and advisory firm forecasts “health expenditure will outstrip GDP growth over the next 15 years”. Health spending per capita will grow at an average annual rate of 2.7% and will reach 10.2% of GDP by 2030.
Covid-19 and post Covid quarters continue to boost healthcare market globally. Today technology drives healthcare more than any other force, and in the future, it will continue to develop in remarkable ways. The pandemic has undoubtedly accelerated the adoption and advancement of healthcare technology.
By 2025, artificial intelligence will encroach into healthcare in such a way that not just electronic records, wearable sensors, the patients’ biological layers, and environmental sensor data all of these are continuously assessed with an entire corpus of medical literature to prepare a patient to prevent a condition. It won’t be about treating the diseases but preventing them.
Mind-reading exoskeletons, 3D printed drugs, and Radio Frequency Identification (RFID) implants will be a part of managing diseases and disabilities. One of the repercussions of the pressures on increased spending on healthcare will be attempts to advance new approaches to financing, including targeted funding and payment reforms.
Payment reforms and new models for procurement may be unavoidable, with the rise in the number of novels, innovative therapies for chronic diseases in addition to the pressures from growing demand for vaccines and therapeutics to prevent and treat infectious diseases.
India’s healthcare industry is moving towards a more stable state owing to the enhanced healthcare budget by the government, improved awareness, and growing technological advancements. During the pandemic, the country has worked diligently in producing 62% of the world’s vaccine demand.
In 2030, the healthcare industry won’t be the same, there will be new technologies, and new companies making names – Mordor Intelligence
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Health News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
