
The health sector thrived during the COVID-19 pandemic and is expected to stay buoyed amid surging medical requirements worldwide. The global drug formulation market was valued at over $1.50 trillion in 2021 and is expected to grow at a CAGR of 5.6% from 2022 to 2032.
On top of it, the global health insurance market is expected to grow steadily due to rising awareness regarding the benefits of health insurance among consumers and the rising elderly population. The market is expected to hold around $3.79 trillion by 2030, growing at a CAGR of 6.8%.