The Healthcare Industry is comprised of companies that offer clinical services, manufacture drugs and medical equipment, and provide healthcare-related support services like medical insurance. Its also referred to as the medical industry. These companies play a key role in the diagnosis, treatment, nursing, and management of illness, disease, and injury.

The healthcare industry also provides preventive, remedial and therapeutic services to patients. To offer these services, there needs to be collaboration amongst healthcare providers including doctors, nurses, medical administrators, government agencies, pharmaceuticals, medical equipment manufacturers, and medical insurance companies.

The Healthcare Industry is one of the largest and is expected to continue growing well into the future guided by several drivers. Key among them will be; technological innovation, integration of medicine and healthcare, smart healthcare data management, and a patient-centered restructuring.

This growth will be inevitable if and when technology is be embraced in every sector of the healthcare industry. This will call for massive investments in terms of cognitive computing, electronic patient records, interoperability, big data, etc. A digitized healthcare system will provide for better diagnostics, improve the quality of care, and also reduce operational costs.