The changes in the global healthcare industry has been decades in the making. Not only driven by changing population demographics and advances in technology but also how care is consumed and delivered. Whichever form care is funded today—private, public, or some combination—each system is being scrutinized as costs have spiraled and there are monumental initiatives in all markets to increase efficiency and the effaciacy of care.
Top factors driving healthcare reform include—increasing and differing consumer demands, regulations, better quality but affordable healthcare, care for all not just the few, and technology and innovation. The issue is these drivers are often in opposition creating tension for the major stakeholders—payers, providers, and product companies.
Today, Healthcare accounts for about 7% or $4 trillion of total global GDP of nearly $60 trillion. Healthcare's value and cost is almost 3x that of banking, making it the world's largest industry and opportunity space.