Company: SYRA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001493152-25-009873
Chunk: 160

Company: Syra Health Corp
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1
Chunk 160
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 medical communications, patient education, and
healthcare training.

Healthcare
Workforce

Our
healthcare workforce solutions are intended to help evaluate the immediate and longitudinal workforce needs of our client’s organization.
Using agile implementation staffing methodologies we make it seamless and cost-efficient to expand our client’s clinical personnel.
We recruit experienced nurses and allied health professionals for long-term fixed contract positions at hospitals and healthcare facilities
across the country. Other staffing positions that we recruit include care coordinators, specialists to fill healthcare management roles,
healthcare educators, therapists, healthcare technicians and health plan specialists.

Market
Opportunity

Due
to the currently unmet healthcare needs, challenges, and attention to behavioral and mental health, we believe the overall market opportunity
for all the services we offer is growing at a rapid pace.

Behavioral
and Mental Health: The U.S. behavioral health market was valued at $151.7 billion in 2023 and is expected to exhibit growth at a
CAGR of 3.7% from 2024 to 2032 per Precedence Research. One in five U.S. adults experience mental illness each year, and one in six U.S.
youth aged 6 to 17 experience a mental health disorder each year according to a Fortune Business Insights report. Suicide is the second
leading cause of death among people aged 10 to 34. Key drivers include the rising awareness of mental health issues, increased access
to care, and the growing adoption of telehealth services.

Population
Health: According to Precedence Research, the U.S. population health management market was valued at $25.0 billion in 2022 and is
anticipated to grow at a CAGR of 19.5% from 2022 to 2030, reaching $103.7 billion by 2030. This growth is mainly driven by the increasing
demand for healthcare IT services and solutions that support value-based healthcare delivery, resulting in a transition from fee-for-service
to a value-based payment model. The healthcare quality management market in the U.S. was valued at $3.2 billion in 2020 and is projected
to reach $6.8 billion by 2028, growing at a CAGR of 13.2% from 2021 to 2028 according to Research and Markets. Factors fueling this growth
include the rise in the aging population, healthcare expenditure and medical errors, and an increase in the volume of unstructured data
in healthcare.

Digital
Health