According to a recent BCG report, about 56% of US workers have care responsibilities outside their full-time jobs. Approximately 40 million of these caregivers rely on paid care—such as nannies, daycares, or nursing homes—in order to hold jobs. Looking at these figures, there are two central aspects of the care economy that must be addressed to avoid an economic loss equivalent to losing half of the annual GDP growth projected from 2022–2023.
Read MoreDespite a slowdown caused by macroeconomic and geopolitical forces in the second half of the year, 2022 was still the second-best year on record for healthcare dealmaking due in large part to the white-hot pace of investment at the start of the year. Total disclosed deal value reached nearly $90 billion, down from $151 billion in 2021 but still over $10 billion more than the next-closest year.
Read MoreFrost & Sullivan’s recent analysis forecasts that global healthcare revenues in 2025 will exceed $2.6 trillion, up from $2 trillion in 2020. Catalyzed by the COVID-19 pandemic, the industry has adopted radical new advancements in artificial intelligence (AI) and telehealth, along with new business models to support the rapid transformation. It is primed to witness a revolution in healthcare delivery over the next decade.
Read MoreThe uncertain post-pandemic situation will compel smart cities to focus more on developing collaborative, data-driven infrastructure to provide appropriate healthcare facilities as well as public security services. They will create significant business opportunities with a market value of $2.46 trillion by 2025.
Read MoreThe COVID-19 pandemic has caused stress, anxiety, and depression - generating a significant need for solutions to manage the lack of physical access to therapy and treatment. Global investments are estimated at nearly $1.4 billion in 2020 for health-tech companies in the mental health management sector, with about 75% of it directed to the U.S. market.
Read MoreThe global telehealth market is estimated to grow at a compound annual growth rate (CAGR) of 14 percent and will be worth $25.30 billion by 2022, according to a recent study by Netscribes.
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