The COVID-19 pandemic has had a profound impact on the healthcare industry. Coming at a time when the world was largely unprepared to handle a crisis of such a large scale, healthcare leaders had to respond rapidly to fast evolving situations. 

While it often looked like the healthcare system was faltering under unprecedented stress, some of the best innovations in products, services, processes and delivery models in the sector were spawned during this time of emergency. For instance: 

Underpinning this is the shift toward digital medicine. McKinsey & Company estimates that global digital-health revenues will grow from USD350bn in 2019 to USD600bn in 2024. This covers everything from telemedicine, online pharmacies, wearable devices to big data and cloud computing.

For an industry that has traditionally been slow to ride on the digital and technology bandwagon, the pandemic has brought forth a new era in healthcare, and the opportunities for innovation and growth are limitless.