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Global Health Limited ( (AU:GLH) ) has provided an announcement.
Australia’s healthcare system faces significant challenges with 70% of its $240 billion expenditure dedicated to managing lifelong conditions. In the 2022-23 financial year, $82 billion was spent on chronic diseases, accounting for nearly half of all disease-related spending. The aging population is expected to grow, with older Australians projected to comprise 20.7% of the population by 2066. In 2022, 61% of Australians were living with at least one long-term health condition, highlighting the prevalence of chronic diseases. The National Framework for Chronic Conditions emphasizes the role of digital health in transitioning from institutionalized to home-based care, as chronic conditions remain the leading causes of disease burden.
More about Global Health Limited
Average Trading Volume: 52,094
Technical Sentiment Signal: Sell
Current Market Cap: A$6.44M
For an in-depth examination of GLH stock, go to TipRanks’ Overview page.