Why we are excited about healthcare.
Efficiency is an important counter to rising costs.
Healthcare costs have risen on average by 2 per cent above GDP growth and will continue to balloon as the demographic change goes into full effect.
These high costs stem from issues including variable outcomes, low asset utilization and limited standardization and automation. Entrepreneurs and the private sector are best positioned to tackle these challenges head-on and improve the overall efficiency of the hyper fragmented healthcare sector.
Our experience supporting entrepreneurs from day 1 in the radiology (Nexmed) and Veterinarian (TierArzt Plus Partners) sector makes us uniquely suited to support entrepreneurs in tackling these challenges.
Improving health as a driver of prosperity.
Even before the pandemic, poor health cost Europe, on average, EUR 2.5 Tr, or 15% of GDP, a year, in lost economic opportunity. Equivalent to 4,600 EUR per person. Remarkably, almost two-thirds of the years lost to poor health occurs in the working-age population, exasperating the challenges with the reducing working population.
Three conditions have a disproportionate economic impact and collectively are responsible for more than half of all the lost economic potential due to poor health in Europe. These are musculoskeletal disorders, particularly low back pain and neck pain, accounting for 24 percent of the total economic loss from poor health; mental health disorders, such as depression and anxiety, accounting for 18 percent; and neurological disorders, such as migraine and headache, accounting for 13 per cent.
Our investment in the Viaphysio team aims to significantly reduce the impact of musculoskeletal disorders by building Germany's leading science based and outcome-focused physiotherapy platform. We continue looking for exciting teams tackling mental and neurological disorders.