The World will spend around $25 trillion every year on healthcare by 2040 … WEF

By 2040, the world will spend around $25 trillion every year on healthcare.

This represents a massive 150% increase since 2014 and will affect every region of the world.For societies to thrive, we need a concerted global effort to create a more sustainable and equal healthcare industry by transitioning to value-based health systems.

That is the mission of the Global Coalition for Value in Healthcare – launched in 2019 by the World Economic Forum’s Platform for Shaping the Future of Health and Healthcare

The goal of a value-based healthcare system is to continuously improve the ratio of outcomes to costs by providing increasingly targeted, segment-specific clinical interventions.

The World Economic Forum’s initiative on value in healthcare has highlighted the urgent need for multi stakeholder cooperation to transform health systems.

These initiatives are key to secure the long-term sustainability of health systems around the world and better health outcomes for patients.

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