IHH Healthcare Berhad | Annual Report 2024 46 Market Outlook Total Addressable Market The global healthcare industry continues to grow, with the Economic Intelligence Unit (EIU) estimating a 6% increase in spending in 2025. Several recent trends, such as a greater focus on preventive care, the adoption of more advanced medical technology and the growth of an aging population, are fuelling increased healthcare expenditure. Notably, it is projected that by 2030, one in six people globally will be aged 60 and over, significantly driving demand for medical facilities and services. To meet growing market demands, IHH Healthcare is making strategic investments to expand our facilities, patient capacity, and service offerings. Our robust portfolio, including hospitals, ambulatory centres, clinics, and laboratories in 10 countries, demonstrates our established reputation for clinical and service excellence. We maintain business sustainability through strategic planning and efficient operational management. Strategic Report Source: WHO calls on governments for urgent action to invest in Universal Health Coverage, 11 December 2023, https://rb.gy/ag1mdw 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. US$95.14 trillion US$9.8 trillion 2021 Total global GDP
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