Medical Crowdfunding will grow at highest pace owing to rising healthcare costs

Medical crowdfunding refers to the use of online crowdfunding platforms to raise funds from a large number of individuals to finance medical costs through donations. The growing burden of healthcare expenses has driven the adoption of medical crowdfunding as an alternative source of financing treatment costs.

Medical crowdfunding allows patients to share their healthcare needs and goals online and receive support from a global network of donors. Key features of medical crowdfunding platforms include setting up personal fundraisers, sharing health updates and milestones, and receiving tax receipts for donations.

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