Quantifying the Trillions: The Enormous Scale of the Medical Market
The Economic Engine of Global Health To call the medical industry "large" is an understatement; it is one of the primary drivers of global GDP. In developed nations, healthcare spending often accounts for 10% to 18% of the entire national economy. This spending is distributed across public health programs, private insurance, and out-of-pocket expenses. The scale is so massive that small shifts...
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