A Report On Healthcare Prediction - 2196 Words

Healthcare Prediction in 2020 - What kind of future is waiting? 1.What we know today and estimate about tomorrow 1.1.Average life expectancy in OECD countries in 2012 was 80 years, an increase of 5 years since 1990. Japan has the highest at 84, with UK 81 and US 79,China 75 and India 66 years[i]. 1.2.Meet the over 65s: by 2018 they will number some 580 million – 10% of the global population – or one in every: ?4 Japanese ?5 Western Europeans ?10 Chinese[ii] 1.3.Developed markets remain the main spenders on healthcare – 77% of global spend in 2014. Developing markets are forecast to increase their share from23% in 2014 to 32% by 2020[iii]. 1.4.The number of people with diabetes globally is 382 million, around 1 in 4 areChinese. There are more diabetes in China than the combined populations ofGermany and Portugal. 1.5.Growth in average annual healthcare spending 2014 – 2018 is expected to range from 2.4% in Western Europe to 4.9% in North America; and from8.1% in Asia and Australia to 8.7% in the Middle East and Africa. 1.6.Total global pharmaceutical spending is expected to increase by 6.9% a year from USD 1.23 trillion in 2014 to USD 1.61 trillion in 2018. Oncology is expected to remain the main contributor among therapeutic areas. 1.7.Generics will take larger share of total global medicine spend, increasing from27% (USD 261 billion) in 2012 to 36% (USD 421 billion) by 2017[iv]. 1.8.Med tech industry sales are expected to increase from USD 363.8 billion in 2013 to USDShow MoreRelatedThe Future Of Business And Clinical Intelligence Essay1236 Words   |  5 Pagesin the U.S. Provider Market Prerana Dave’ Abstract Healthcare environment is growing exponentially. 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