New Report Published for KTN Digital Health Global Expert Mission to Texas
Posted on 13/08/2019
Innovate UK’s Global Missions Programme is one of its most important tools to support the UK’s Industrial Strategy’s ambition for the UK to be the international partner of choice for science and innovation. Global collaborations are crucial in meeting the Industrial Strategy’s Grand Challenges and will be further supported by the launch of a new International Research and Innovation Strategy. The Global Expert Missions, led by the Knowledge Transfer Network (KTN), play an important role in building strategic partnerships, providing deep insight into the opportunities for UK innovation and shaping future programmes.
The US spent $3.3 trillion on healthcare in 2016, which was 18% of GDP. At current rates, national health expenditure is projected to grow to $5.7 trillion in 2026, or nearly 20% of GDP – more than twice the GDP percentage of the UK. This presents a significant opportunity for UK companies, which currently export more than £6 billion of pharma products and £750 million in medtech to the US each year, according to government figures. It also presents an opportunity for companies working in areas such as digital health, wearables, big data analysis, AI, and machine learning, to improve healthy ageing and preventative care, while reducing the cost burden over time.
Download the report
The Digital Health Expert Mission travelled to Texas in November 2018 and in the publication, KTN share the information and insights gathered during the delegation’s time there.
Read the latest Global Expert Mission Report “Digital Health in Texas 2018” here.