Market Outlook Strategic Report Total Addressable Market By all measures, the global healthcare services market is on a strong growth trajectory, driven by an increased focus on preventive health, adoption of medical technology and ageing populations with rising medical needs. In 2021, there was a significant increase in healthcare spending, reaching a record high of US$9.8 trillion, which accounted for 10.3% of the global Gross Domestic Product (GDP). With strategic investments aimed at expanding our facilities, inpatient capacities and services, IHH Healthcare is well-positioned to meet these increasing demands within the markets that we serve. With a diverse portfolio spanning hospitals, ambulatory care centres, clinics and laboratories across 10 countries, we boast a strong track record of clinical and service excellence. Our strategic approach and efficient management in operations also ensures business sustainability. Source: WHO calls on governments for urgent action to invest in Universal Health Coverage, 11 December 2023, https://rb.gy/ag1mdw US$9.8 trillion Currently held on platform In 2021, global spending on health reached a new high of US$9.8 trillion or 10.3% of global GDP. 2021 Total global GDP US$95.14 trillion US$9.8 trillion IHH Healthcare Berhad 44
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