This is the question I got from one of my most learned mentors, yesterday.
My reply for that:
What do I think about “any new” product?
- Sir every new product launched with the result of at the most "knowledge of one generation".
- Nobody would know the aftereffects on the environment, with a time frame of a few generations ahead.
- All the ornamental species we purchase and plant in our environment, start flowering in due course of time.
- Because they were introduced to our continent (geography) from another one, pollen grains of them flow with the air etc.
- Our DNA has no clue how to tackle them in our breathing system; (thanks to our evolution mechanism) and starts repelling them by way of wheezing etc.
- COPD to cancer; and all in between are rampant; thanks to the causes; one out of them; mentioned above.
- The volume of annual global business is *almost five times bigger than our national GDP, generated by medical services and pharmaceutical industry; thanks to our and our previous generation's mentality of fantasy and curiosity for anything new.
- It is the largest industry ahead of Commercial Banking &/ Gasoline & Petroleum.
Because of that, I now focus my energy in:>
#Healthier life span for humanity via:
Global Research Institute of Kitchenopathy® Grioki®
*While India's GDP in 2022 was less than US$3.4 trillion.
The global annual combined business of medical services and pharmaceuticals in 2022 was estimated to be US$16.5 trillion. This figure is based on data from the World Health Organization (WHO), the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), and the Deloitte Global Life Sciences Outlook 2022.
The medical services industry is the larger component of this combined business, accounting for US$10.5 trillion in annual spending in 2022. This includes spending on hospitals, clinics, physician services, and other healthcare providers. The pharmaceutical industry accounts for the remaining US$6 trillion in annual spending.
The global healthcare sector is expected to continue to grow in the coming years, driven by factors such as an aging population, increasing prevalence of chronic diseases, and technological advancements.
Here is a breakdown of the global annual combined business of medical services and pharmaceuticals in 2022 by region:
- North America: US$5.5 trillion
- Europe: US$4.5 trillion
- Asia-Pacific: US$3.5 trillion
- Latin America: US$2 trillion
- Africa: US$1 trillion
The United States is the world's largest healthcare market, accounting for over 40% of global spending in 2022. Other major healthcare markets include China, Japan, Germany, France, and the United Kingdom.