The healthcare industry (also called the medical industry or health economy) is an aggregation and integration of sectors within the economic system that provides goods and services to treat patients with curative, preventive, rehabilitative, and palliative care (Wikipedia)
In the future of health, we expect six key areas—data sharing, interoperability, equitable access, empowered consumers, behavior change, and scientific breakthrough—to collectively transform the existing health system from treatment-based reactionary care to prevention and well-being. Twenty years from now, cancer and diabetes could join polio as defeated diseases. We will see more advanced technology such as artificial intelligence (AI) and machine learning (ML) leveraged for predictive analytics in healthcare. Valuable tools that are constantly undergoing innovation, AI, and ML can help enable potentially life-saving predictions for patients.
Read MoreHealthcare industry started with home remedies. It began as a purely reactionary, medical practice in which people learned about the medicinal properties of a plant through trial and error, documented it, and passed it on to others. The use of plants as healing agents is a long-standing practice. The primary healthcare movement was fueled by a desire to build basic healthcare services from the bottom up. Even though now Healthcare is a global industry but because healthcare has always traditionally been considered a local industry, specific to regions and countries the practices and development of healthcare across countries vary.
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