Healthcare takes more than 10% of the GDP of most developed countries. As we can see, recent healthcare statistics show that it’s one of the largest and fastest-growing industries in the world. According to Verified Market Research, the Global Consumer Healthcare Market size was valued at USD 3,32,391.42 Million in 2020 and is projected to reach USD 6,65,372.71 Million by 2028, growing at a CAGR of 8.56% from 2021 to 2028. Research shows that the global healthcare sector will reach $10.059 trillion by 2022. Aging and growing populations, higher rates of chronic health conditions, and exponential but costly advances in digital technologies will continue to push global healthcare expenditures upward.
“We expect deal activity to remain high in 2022, as companies look to optimise their portfolios for growth. Innovative biotech and med device companies will continue to be attractive Healthcare targets.”
Tobias Klimpe
Global Health Industries Deals Leader, Partner, PwC Germany
There will be more money available for healthcare systems in 2022, but it’s doubtful whether it will be enough to cope with the demand for both Covid and non-Covid treatment. Tackling the huge backlog of diagnoses, surgeries and other treatment will be very difficult, given staff fatigue after the pandemic. Competition for international healthcare workers could get intense.
Ana Nicholls
director of industry operations at EIU