Future of Health - #FII5
28 Oct 2021
The healthcare industry is shifting towards holistic wellness from the traditional absence-of-disease approach, with the global wellness market experiencing a 10% annual growth rate. There is a growing awareness of the interplay between our actions, environment, and well-being, with one-third of the global cost of addressing climate change being health-related. However, disparities in access and quality of healthcare services persist, with half of the world's population lacking essential health services. The emergence of hybrid health, combining technology with traditional healthcare, is seen as a key trend to improve quality of life. The pandemic has accelerated the adoption of digital technologies like telemedicine, representing a $36.1 billion market. Investment in digital health and innovation, particularly in underserved markets, is crucial for creating more equitable global health systems and improving overall outcomes.