The global healthcare and education markets have seen a significant increase in demand due to the COVID-19 pandemic, according to a report by ResearchAndMarkets.com. The report analyzes market trends and forecasts for both industries from 2021 to 2025.
The healthcare market is expected to grow at a compound annual growth rate of 7.1% during this period, driven by factors such as an aging population and an increased focus on preventative care. The education market is also projected to grow at a compound annual growth rate of 10.3%, as demand for online learning and upskilling continues to rise.
Global Healthcare
North America is expected to be the largest healthcare market, with a significant increase in demand for telemedicine and other virtual care services. Asia Pacific is expected to be the fastest-growing market for both healthcare and education, driven by factors such as a large population and increasing investments in healthcare infrastructure.
The report also highlights the impact of the pandemic on both industries, including disruptions to supply chains and decreased funding for education. However, it notes that the pandemic has also accelerated the adoption of new technologies and innovative approaches to healthcare and education.
Overall, the report suggests that the healthcare and education markets will continue to experience significant growth in the coming years, driven by factors such as demographic changes, technological advances, and increasing demand for personalized and accessible services.
Sourced From:finance.yahoo.com/news
