Frost & Sullivan: Industry

Healthcare industry comprises of businesses that facilitate the provision of healthcare to patients, manufacture medical devices, provide medical services, manufacture drugs, offer medical services like insurance, etc. Medical industry plays a significant role in the diagnosis, treatment, and prevention of different types of health conditions besides offering preventive, remedial, and therapeutic services to patients. The healthcare industry is one of the largest industries in the world and has a direct impact on the lives of people in all countries. Besides, it is considered as one of the larger employer in the global economy. Health tech industry is also one of the important industries that play a critical role in the health of people. It uses technology to improve the delivery and consumption of care.