Company: SYRA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001493152-25-009873
Chunk: 161

Company: Syra Health Corp
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1
Chunk 161
---
: The U.S. digital health market size was estimated at $81.17 billion in 2023 and is projected to grow at a CAGR of 19.5% from
2024 to 2030 according to Mercer. The digital health market includes mobile health applications, wearable devices, telemedicine, and
telehealth services aimed at managing chronic diseases more effectively among patients. Additionally, advancements in telehealth technologies
are driving growth within this sector as healthcare providers increasingly adopt digital solutions for patient management.

Health
Education Services: The U.S. health education market was valued at $110 billion in 2023 and is projected to reach approximately $280.6
billion by 2033, growing at a compound annual growth rate (CAGR) of 11.0% according to a report from Verified Market Research. The U.S.
continuing medical education market was valued at approximately $2,712.6 million in 2021 and is expected to reach approximately $3,830.5
million by 2027 according to a report from Spherical Insights. According to an Arizton Advisory & Intelligence study, the medical
writing market in the U.S. is expected to cross $5,285.3 billion by 2030 at a CAGR of 10.31%, with North America holding the largest
share. The medical affairs outsourcing market for the U.S. was estimated at $470.2 million in 2021 and is anticipated to reach $1,288.2
million by 2030. Key drivers include technological advancements (e-learning, AI, VR), increasing demand for healthcare professionals,
and government support according to Grand View Research.

-5-

Healthcare
Workforce: According to Grand View Research, the U.S. healthcare staffing market size was valued at $36.9 billion in 2022 and is
expected to expand at a compound annual growth rate (CAGR) of 6.93% from 2023 to 2030. By 2030, global demand for health workers is predicted
to rise significantly; however, there will be a net shortage of approximately 15 million health workers globally. Mercer projects a deficit
of over 100,000 healthcare workers in the U.S. by 2028, worsening health disparities and impacting patient care.

Growth
Strategies

We
hope to become a leader in clinical healthcare solutions by providing customized and comprehensive end-to-end solutions for our customers
in the public and private healthcare sectors and