With a worldwide healthcare market estimated at $6 trillion, the opportunities, stemming from seismic shifts in national policy, cultural attitudes, and new forms of technology, are enormous for entrepreneurs in digital health.
“You can’t get in on a bigger trend than 20 percent of the GDP. This is a sector with massive problems, and the government throwing money at it. You would have to be missing a brain not to pick up on this fact.” Stephen Kraus, Bessemer Venture Partners
Along comes the perspective of reversing the dire picture of American healthcare that the infographic below paints. It asks the all important question: Why is it that Americans, who spend almost 20% of their GDP on healthcare, live shorter, unhealthier lives than people in similar high-income countries?
“The tragedy is not that the United States is losing a contest with other countries but that Americans are dying and suffering from illness and injury rates that are demonstrably unnecessary.”
The change will certainly not be easy. The hope is that the compounded effect of opportunity and urgency, will sustain the current interest in investing in the many applications that the convergence of technology and biology (and changing attitudes) long enough for meaningful changes and measurable impact.
What do you think?