The health care industry is one of the world’s largest and fastest-growing industries and forms an enormous part of a country’s economy. Health care is the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in humans. Health care is delivered by practitioners in medicine, chiropractic, dentistry, nursing, pharmacy, allied health, and other care providers. The health care industry, or medical industry, is a sector that provides goods and services to treat patients with curative, preventive, rehabilitative or palliative care.
Aging populations and increasingly prevalent chronic diseases are the fundamental drivers creating demand for expansion of lifestyle medical procedures and healthcare industry. There will be huge demand for medical technology products for years to come.