The global healthcare sector is undergoing a period of unprecedented transformation, driven by technological advancements, demographic shifts and evolving patient needs. In 2024, several key trends are poised to shape the future of healthcare delivery. How can sector leaders and stakeholders prepare themselves for this profound change?
Lingering COVID-19 effects are still contributing to widespread labour shortages and escalating costs, while the adoption of artificial intelligence (AI) presents possible solutions. Predicted to play a pivotal role in streamlining healthcare processes, AI promises precision and efficiency from administration, to operations, to supply chain and to patient care. Sustainability takes centre stage as healthcare organisations adopt eco-friendly practices, addressing both environmental concerns and cost savings. Remote technologies are reshaping care delivery, extending beyond medical services to holistic social care, recognising the link between social determinants and well-being. In response to rising costs, stakeholders implement innovative strategies, from value-based care models to workforce adaptations, defining the sector's future at this critical juncture.
In our 2024 Global Healthcare Sector Outlook, we examine how the future of global healthcare is likely to be shaped by these trends, driving innovation, sustainability, social care integration, cost management and workforce adaptation.
Explore and download the key issues below:
In the wake of the COVID-19 pandemic, healthcare systems worldwide are embracing emerging technologies to address ongoing challenges, including cost reduction, improved access to care and a shortage of skilled workers. AI and other technologies offer the potential to personalise patient interactions, streamline administrative and care processes and free up clinicians to focus on complex procedures. Sustained investments in technology are crucial to fully harness its potential and transform healthcare delivery.
Key takeaways:
Rising healthcare costs pose a challenge to quality, access and affordability worldwide. The COVID-19 pandemic intensified staffing shortages, inflation and demand backlogues, driving up costs further. Technology-enabled models offer potential solutions for delivering more efficient and cost-effective care. To address the rising cost of healthcare and improve accessibility and affordability, countries should explore innovative solutions that leverage technology to enhance care delivery models. This includes utilising telehealth, remote monitoring and artificial intelligence to optimise resource allocation, streamline processes and personalise patient care.
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The global healthcare sector faces a severe shortage of workers, with projections indicating a shortfall of 10 million by 2030. This shortage is driven by various factors, including burnout, limited talent pipelines, demographic changes and migration rates. The demand for healthcare workers is expected to surge by 29% in the next decade, requiring transformative measures to address this critical challenge. The challenge is profound—and global but how can the industry bring a change in their care models?
Key takeaways:
The traditional healthcare model, focused on treating illnesses after they occur, is shifting towards a holistic approach that addresses social determinants of health. This integrated model incorporates social and healthcare services to prevent illness and promote well-being. To transition to a social determinants-driven healthcare system, governments and healthcare providers should invest in the social care workforce and implement holistic service delivery models that prioritise prevention and address the needs of underserved communities.
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Climate change poses significant health risks, particularly in low-income areas with poor health infrastructure. The healthcare sector needs to adapt its practices to mitigate the impact of climate change on patient care and healthcare delivery. Healthcare organisations should implement sustainability measures to reduce their environmental impact and improve resilience to climate change. Additionally, healthcare providers should work with policymakers to develop climate-resilient healthcare infrastructure and collaborate with community organisations to address the social determinants of health that are exacerbated by climate change.
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