Why healthcare sector is ripe for disruption

Evolving sector with artificial intelligence

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Moz Afzal of EFG Asset Management
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Moz Afzal of EFG Asset Management

Disruption of existing working practices is being seen in many sectors of the economy. So far, there has been relatively little impact on the healthcare sector. We think that is about to change.

The healthcare sector has become progressively more important in all economies around the world in recent years. In the US, the sector has become the largest employer, with more people employed in it than in manufacturing or retail trade. US healthcare spending amounts to 17% of GDP, almost twice the Organisation for Economic Co-operation and Development (OECD) average. In 1960, such spending was just 5% of GDP. Growing healthcare spending, partly as a result of ageing populations with longer life expectancy, and partly because of costly advances in medical devices and biotechnolog...

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