By Natasha Pietrobuono
COVID-19 was a pandemic that came nearly without warning, the aftereffects from the crisis are an unforeseen opportunity for new industries to take shape and thrive for the future. Although these untimely circumstances caused a downward spiral in the economy, the forced reforming, restructuring and transformation in this new reality will see countless industries booming.
In particular, the healthcare industry is set to be heavily invested in preparing for unknown potential future outbreaks. Researchers at IBISWorld estimate Australia’s health services sector industry growth will increase by up to $150 billion, which includes approximately 133,000 associated businesses and almost 800,000 workers. Should such growth be seen that would inevitably result in a stronger healthcare sector.
Predicted to grow by 250,000 jobs by 2023, researchers believe healthcare will continue to stably emerge after the coronavirus. As healthcare accessibility is highly crucial, the healthcare sector, comprising hospitals, medical equipment, diagnostics and pharmaceuticals is poised for remarkable growth.
As reported in Acuity Magazine, Kristian Kolding, a partner at Deloitte Access Economics, says health care skills in-demand are going to be far more care-related in the future, especially with the combination of the elderly population, along with the continued rollout of the National Disability Insurance Scheme (NDIS). Thanks to the lessons learned through COVID-19, where constant high-level care is a necessity in some cases, there will be major benefits in the ways that we actively care for our patients both in structured schemes and in preparation for future potential pandemic events.
The focus of the post-COVID future will remain on how individuals care for one another, acquiring people with the right qualifications into care-focused jobs, and major technological advances in the industry in general.
