You could argue that it’s both a good and a bad time to be in the healthcare industry. On the positive side, demand for healthcare services has never been higher, and that’s expected to grow in the coming years. Driven by a CAGR of 5.98%, the healthcare industry as a whole is expected to grow from a valuation of $11.04 trillion to more than $17.5 trillion in 2032.
With that said, healthcare businesses are also facing unique and sustained challenges, including the rising threat of cybersecurity issues and the integration of AI tools. Healthcare businesses that proactively tackle these issues will be in a strong position to give themselves a competitive advantage and tap into the significant revenues on offer in the coming years.
In this post, we’ll run through some of the most pressing challenges, as well as offer advice on how to avoid/limit them.
