The U.S. healthcare industry is massive and continues to grow as the population swells. Moreover, the average price of health care in the United States increased by 4% in 2022 after rising 4.2% previously, boosting the pharma companies.
Furthermore, the rapid adoption of AI in the pharma industry is expected to increase efficiency and help accelerate drug discovery and development, clinical trials, and fraud detection. On top of it, blockchain technology aims to simplify transaction processing while also improving security and transparency without the need for a third party, which should help companies reduce costs and energy.
