When asked to identify the greatest risk to the healthcare sector in 2024, lack of funding is picked as the #1 threat, which closely tallies with the concerns over lack of funding highlighted elsewhere in our survey.

It is perhaps no surprise to see geopolitical developments rise up the agenda, and this is perceived as the second greatest risk, selected by 26% of respondents. Interestingly, institutional investors seem less preoccupied with this, picked by just 14% versus 31% and 28% for private equity and corporates respectively.

The threat of recession is also believed to have increased, chosen by 24% and up from just 10% last year.