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12.12.24

As an investor, consultant, or marketing professional navigating the energy industry, understanding its rapid evolution is essential. The energy landscape is being reshaped by technological innovations, geopolitical shifts, and environmental imperatives. Below is a comprehensive exploration of the most significant trends defining the energy sector in 2025 and beyond.

Even more information on this industry is available!  Check out our Energy Industry Center.

Plunkett’s Energy & Utilities Industry eBook, latest edition.

1. Renewable Energy Revolution

Renewable energy is leading the charge in the global transition toward sustainable energy solutions. Solar and wind power are now cost-competitive with fossil fuels, prompting widespread adoption. Nations like China and India are scaling up renewable energy projects to meet ambitious climate goals, even as coal remains an integral part of their energy mix to meet surging demands. However, the challenge of integrating renewables into existing grids remains, necessitating innovations in energy storage and grid infrastructure.

2. Grid Modernization and Smart Technologies

Outdated grids are being upgraded to meet the demands of a rapidly electrifying world. Smart grids, equipped with advanced sensors, real-time diagnostics, and automated controls, are becoming essential to manage the complexities of energy distribution. Modern grids enable the integration of renewable sources and provide enhanced resilience against outages. Microgrids, particularly in disaster-prone areas, are gaining traction as a means to ensure localized power reliability.

3. Energy Storage Advancements

The energy storage sector is witnessing a boom as large-scale battery systems become crucial for stabilizing electricity grids. Cutting-edge technologies like iron-air and lithium-metal solid-state batteries promise extended storage capacities at reduced costs. These advancements are not just supporting the renewable revolution but are also creating a more reliable and flexible energy landscape.

4. The Shale and LNG Boom

The U.S. shale boom and liquefied natural gas (LNG) projects have reshaped global energy markets. Hydraulic fracturing and horizontal drilling technologies have made the U.S. a leading oil and gas producer, significantly reducing dependency on imports. At the same time, LNG has become a critical component of Europe’s energy strategy, especially following the geopolitical disruptions caused by the Ukraine war.

5. Nuclear Energy Resurgence

Nuclear energy is re-emerging as a key player in the quest for low-emission energy solutions. The development of Small Modular Reactors (SMRs) represents a paradigm shift in nuclear technology, offering safer, faster, and more cost-effective deployment. Countries like China, France, and Japan are spearheading new nuclear projects, while others are revisiting nuclear as part of their energy strategies.

6. Artificial Intelligence in Energy

Artificial intelligence (AI) is revolutionizing the energy sector by optimizing energy systems, forecasting demand, and improving grid management. From predictive maintenance to efficient energy dispatch, AI applications are enabling smarter and more sustainable energy operations, particularly in managing power-hungry technologies like data centers and AI servers.

7. Cleaner Fossil Fuels and Transition Challenges

While the global focus is shifting toward renewables, fossil fuels remain a backbone of the energy sector, especially in developing economies. Technologies such as carbon capture and storage (CCS) are being adopted to mitigate the environmental impact of fossil fuels. However, regulatory challenges and market dynamics continue to influence investment patterns in this area.

8. Geopolitical Impacts and Global Energy Security

Energy strategies are increasingly influenced by geopolitics. Europe’s pivot from reliance on Russian gas to LNG imports and the U.S.’s rise as a global LNG exporter underscore the strategic importance of energy security. Similarly, Middle Eastern nations are bolstering production capacities to remain competitive in the evolving energy landscape.

9. Innovations in Seismic Mapping and Exploration

Advanced technologies in seismic mapping are enhancing the efficiency of offshore drilling operations. Techniques such as electromagnetic mapping and 3D seismic imaging are enabling geologists to identify oil and gas reserves with greater accuracy, reducing the risks and costs associated with exploration.

10. The Role of Hydrogen and Alternative Energy Storage

Hydrogen is emerging as a viable alternative for energy storage and fuel, especially when produced using renewable energy sources. Technologies like green hydrogen and fuel cells are gaining traction as industries and governments invest in decarbonizing energy systems.

11. Offshore Oil and Gas Innovations

Offshore oil and gas production is reaching new depths with technological advancements in deepwater drilling. Innovations such as floating LNG plants and subsea templates are improving production efficiencies and enabling access to previously untapped reserves. However, these projects often face high costs and logistical challenges.

12. The Need for Superconductivity

Superconductivity offers a revolutionary approach to electricity distribution, reducing transmission losses and enhancing efficiency. As researchers make breakthroughs in this area, superconducting materials may soon play a crucial role in modernizing energy grids and supporting renewable energy integration.

The energy and utilities industry is at the forefront of addressing some of the most pressing global challenges, from climate change to energy security. With ongoing investments in technology and infrastructure, the sector is poised to redefine how energy is produced, distributed, and consumed. Collaboration between governments, industries, and communities will be key to navigating this transformative era and ensuring a sustainable energy future.

For investors, consultants and marketing professionals!

Key Concepts:  Refining, business, science, economics, nuclear, oil, finance, chemicals, globalization, renewable, innovation, investing, marketing, power, electricity, utilities, artificial intelligence (AI)

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Energy & Utilities Industry.  (See: https://www.plunkettresearch.com/industries/energy-utilities-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Energy & Utilities Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

• Business trends analysis
• In-depth industry overview
• Technology trends analysis
• Forecasts
• Spending, investment, and consumption discussions
• In-depth industry statistics and metrics
• Industry employment numbers
  
  

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

• U.S. and Global Firms
• Publicly held, Private and Subsidiaries
• Executive Contacts
• Revenues
• For Public Companies: Detailed Financial Summaries
• Statistical Tables
  
  

Key Questions Answered Include:

• How is the industry evolving?
• How is the industry being shaped by new technologies?
• How is demand growing in emerging markets and mature economies?
• What is the size of the market now and in the future?
• What are the financial results of the leading companies?
• What are the names and titles of top executives?
• What are the top companies and what are their revenues?
  

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Energy & Utilities Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Energy & Utilities Industry

1. Major Trends Affecting the Energy & Utilities Industry
2. Energy & Utilities Industry Introduction
3. A Brief History of Oil, Natural Gas and Electricity Production
4. Smart Electric Grid Technologies Are Adopted/Massive Utilities Investment Needed
5. Grid Enhancements Are Vital to Power Artificial Intelligence (AI) and Distribute Renewable Energy
6. Storage Battery Technologies and Installations Boom Worldwide
7. Superconductivity Provides Advanced Electricity Distribution Technology
8. Global Shale Oil and Gas Resources Revolutionize the Energy Industry
9. Oil from Shale Makes America Rank with Top Oil Producers/ Companies Seek Lower Costs
10. LNG Projects Boom, Including Floating Plants (FLNG)/European Demand for LNG Soars
11. Seismic Mapping Gains from Advanced Technologies
12. Offshore Wells Around the World Become More Efficient/Production Increases Significantly
13. Energy Demand Climbs in India and China/Nuclear, Solar and Gas Projects Grow, but Coal Remains Important
14. Canada’s Oil Sands Production Reaches 3.7 Million Barrels per Day, but Operating Costs Are High
15. Russia Is a Top Oil and Gas Producer/Sanctions and Global Tensions Alter the Export Market for Russia
16. Oil and Gas Producers in the Middle East/OPEC’s Massive Share of Global Production Includes Certain Nations in Africa and South America
17. Electric Utilities Adopt Coal Emissions Scrubbers While the Industry Tests Carbon Capture and Clean Coal Technologies
18. U.S. Coal Industry Faces Challenges, while Coal Use Grows Dramatically in India and China
19. Safer Nuclear Power Plants Under Construction in Many Nations
20. Small Modular Reactors (SMRs) Will Power Artificial Intelligence (AI)
21. Ethanol Production Soared, but U.S. Federal Subsidy Expired
22. Refineries Along with Chemicals and Plastics Plants Expand in the U.S.
23. Petrochemicals Plants in the Middle East Expand but Face Challenges
24. U.S. Exports Crude Oil to Global Markets in High Volume
25. The War in Ukraine Boosts LNG Demand/ Alters Energy Landscape

Plunkett Research Provides In-Depth Tables for the Following Energy & Utilities Industry Statistics

1. Overview of the Energy & Utilities Industry

1. Global Energy & Utilities Industry Statistics and Market Size Overview: 2022-2023
2. U.S. Energy & Utilities Industry Statistics and Market Size Overview
3. U.S. Energy & Utilities Statistics Overview: Selected Years, 1990-2023
4. Primary Energy Flow by Source & Sector, U.S.: 2023
5. Energy Consumption by Source & Sector, U.S.: 2023
6. Energy Consumption & Expenditures Indicators, U.S.: Selected Years, 1975-2023
7. Energy Imports, U.S.: Selected Years, 1970-2023
8. Energy Exports, U.S.: Selected Years, 1970-2023
9. U.S. Department of Energy Funding for Science & Energy Programs: 2023-2025
10. Approximate Energy Unit Conversion Factors

2. Electricity

1. Net Electrical Power Generation by Fuel Type, U.S.: 1990-August 2023
2. Net Electrical Power Generation by Fuel Type, U.S.: 2023
3. Estimated Levelized Cost of Electricity (LCOE) for New Electricity Generation by Energy Source

3. Fossil Fuels and Nuclear Energy

1. Energy Production by Fossil Fuels & Nuclear Power, U.S.: Selected Years, 1970-2023
2. Petroleum Overview, U.S.: Selected Years, 1970-2023
3. Crude Oil Domestic First Purchase Prices, U.S.: Selected Years, 1970-2023
4. Petroleum Imports by Country of Origin, U.S.: Selected Years, 1980-2023
5. Refinery Capacity & Utilization in the U.S.: Selected Years, 2000-2024
6. Top World Oil Producers: 2023
7. Coal Overview, U.S.: Selected Years, 1970-2023
8. Natural Gas Overview, U.S.: Selected Years, 1980-2023

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Banking, Mortgages & Credit Industry.  (See: https://www.plunkettresearch.com/industries/banking-mortgages-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Banking, Mortgages & Credit Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

• Business trends analysis
• In-depth industry overview
• Technology trends analysis
• Forecasts
• Spending, investment, and consumption discussions
• In-depth industry statistics and metrics
• Industry employment numbers
  
  

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

• U.S. and Global Firms
• Publicly held, Private and Subsidiaries
• Executive Contacts
• Revenues
• For Public Companies: Detailed Financial Summaries
• Statistical Tables
  
  

Key Questions Answered Include:

• How is the industry evolving?
• How is the industry being shaped by new technologies?
• How is demand growing in emerging markets and mature economies?
• What is the size of the market now and in the future?
• What are the financial results of the leading companies?
• What are the names and titles of top executives?
• What are the top companies and what are their revenues?
  
  

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Banking, Mortgages & Credit Industry.

Plunkett Research Provides Unique Analysis of the Following Trends Affecting the Banking, Mortgages & Credit Industry

1. Major Trends Affecting the Banking, Mortgages & Credit Industry
2. Introduction to the Banking, Mortgages & Credit Industry
3. Aging Populations, Baby Boomers Create Opportunities/U.S. Pension Accounts Top $40.0 Trillion
4. Basel III, Dodd-Frank Act and Volcker Act Increase Regulation/European Solvency II and MiFID 2 Take Effect
5. Investment Firms and Banks Compete for Clients in High-Net-Worth Households
6. Banks and Apps Vie for Previously Underserved Markets, Including Hispanics
7. Walmart Offers Financial Services in the U.S./Banco de Walmart in Mexico
8. China Sees Growth in Online Payments, Banking and Lending/Alipay Soars
9. Credit Default Swaps (CDS) and Derivatives Reach into the Trillions of Dollars
10. Non-Banking Alternatives Grow in Lending and Crowdfunding
11. Smartphones and Neobanks Replace Branches and Tellers
12. Visa and MasterCard Enjoy Global Growth/Apple Card Use Soars
13. Smartphones and Financial Technology (FinTech) Enable New Mobile Payment Methods
14. Peer-to-Peer (P2P) Payment Systems, such as Zelle and Venmo, Soar in Popularity
15. In Emerging Nations, mChek and M-PESA Enable Remote Banking via Smartphone
16. High Interest Rates Hinder Mortgage Originations, Slow Home Sales & Create Challenges for Commercial Real Estate
17. Online Competition Changes the Mortgage Industry
18. Hedge Funds and Private Equity Play a Major Role in Financial Products Including Derivatives, Lending and Insurance (Shadow Banking)
19. Financial Technology (FinTech) Enables Online Payments, Lending, Insurance and Robo Advisors
20. Cryptocurrencies and Blockchain Explained
21. Open Banking Revolutionizes the World of Banking and Finance
22. The Future of Banking, Credit Cards, Mobile Payments and Mortgages

Plunkett Research Provides In-Depth Tables for the Following Banking, Mortgages & Credit Industry Statistics

1. U.S. Banking, Mortgages & Credit Industry Statistics and Market Size Overview
2. Global Credit Card Industry Statistics and Market Size Overview
3. Top 50 U.S. Bank Holding Companies: June 30, 2024
4. FDIC Insured Institution Statistics: Second Quarter 2024
5. Prime Interest Rate, U.S.: 1955-October 2024
6. Bond Yields & Interest Rates, U.S.: Selected Years, 1950-2023
7. Homeownership Rates by Region, U.S.: Selected Years, 1965-2023
8. New Privately-Owned Housing Units Started, U.S.: 1985-2024
9. Mortgage Loans Outstanding, U.S.: 1985 – Q2 2024
10. Consumer Credit Outstanding, U.S.: 1972-August 2024
11. Terms of Credit at Commercial Banks, U.S.: 2019-2nd Quarter 2024
12. Employment in the Banking Industry, U.S.: 2018-2024

11.09.24

The insurance industry is navigating through transformative trends that affect everything from underwriting and claims processing to global market expansion. For investors, consultants, and marketing professionals, understanding these shifts is essential for identifying growth opportunities and tailoring strategies to the evolving landscape. Here, we’ll explore some of the most impactful trends shaping the industry today.

Even more information on this industry is available!  Check out our Insurance & Risk Management Industry Center.

Plunkett’s Insurance Industry eBook, latest edition.

1. Rising Premiums and Natural Disasters

In recent years, climate-related events have significantly impacted insurance premiums, especially for home and auto policies. The frequency and cost of natural disasters like hurricanes and wildfires have surged, pushing major insurers to raise rates. For instance, State Farm saw a $13 billion underwriting loss in 2022, leading it to halt new home insurance policies in California due to fire risks. This trend indicates a growing need for insurers to adopt innovative risk mitigation and underwriting strategies. Investors may find opportunities in companies that specialize in climate risk assessment technologies or those developing new insurance products that account for environmental risks.

2. Artificial Intelligence (AI) and Big Data in Underwriting

AI and big data are revolutionizing insurance underwriting. These technologies enable insurers to process vast amounts of data for precise risk assessment, leading to personalized pricing models. Companies like Farmers Insurance have introduced AI-powered systems to evaluate wildfire risk using aerial imagery, allowing for more accurate policy pricing and reduced manual risk assessments. AI-driven underwriting not only improves profitability but also enhances customer satisfaction with faster, more tailored services. For investors and consultants, focusing on insurers investing heavily in AI could signal future profitability and operational efficiency.

3. Shift Toward Direct Selling and E-Commerce

The insurance industry is increasingly moving online, leveraging direct selling and e-commerce platforms to streamline customer acquisition and reduce reliance on traditional agents. Firms like Progressive and GEICO are leading this shift, using digital platforms to offer instant quotes, claims processing, and customer support. The trend is reshaping customer expectations and allowing companies to reduce overhead associated with agent commissions. For consultants, recommending digital transformation strategies and improving user experiences can help insurers remain competitive. Investors might find value in companies with robust online platforms and a strong e-commerce strategy.

4. Telematics and Usage-Based Insurance (UBI)

Telematics, a technology that tracks driving behaviors through in-car devices or smartphones, is redefining auto insurance. By monitoring factors such as speed, braking patterns, and mileage, insurers can tailor premiums to individual driving habits. Programs like Progressive’s Snapshot allow cautious drivers to benefit from reduced premiums. This trend reflects a broader shift toward data-driven, usage-based insurance models that appeal to tech-savvy consumers and reduce loss ratios for insurers. For marketing professionals, highlighting these discounts can attract safe drivers who value cost savings and transparent pricing.

5. Growth in Specialized Insurance Lines

The rise of new industries and technologies has driven demand for specialized insurance products. Cyber insurance, for instance, has seen substantial growth due to increased incidents of data breaches and cyber-attacks. Companies like Coalition and Resilience Cyber Insurance Solutions have raised significant capital to meet this demand. Similarly, new sectors, such as autonomous vehicles and the gig economy, require innovative insurance products. Investors can capitalize on this trend by supporting companies that offer niche products with high growth potential. Meanwhile, consultants can help insurers design products that address emerging risks.

6. Regulatory Changes and Compliance Challenges

Regulatory changes, including the U.S. Affordable Care Act (ACA) and the European Solvency II standards, are reshaping the insurance landscape. These regulations demand greater transparency, capital requirements, and consumer protections, particularly in the health insurance sector. Compliance with these regulations can be costly, but companies that excel in navigating regulatory complexities may have a competitive advantage. For consultants, advising insurers on best practices for compliance can be valuable. Investors may also look for firms with strong regulatory track records, as they are better positioned to thrive in a regulated environment.

7. Expanding Markets in Emerging Economies

With low insurance penetration in many emerging economies, major insurers are looking to China, India, and Southeast Asia for growth. Rising incomes, urbanization, and an expanding middle class in these regions are driving demand for life, health, and property insurance. Companies with strong footholds in these markets, such as Manulife and AXA, are likely to see sustained growth as they capture these new customer bases. Investors may find substantial long-term returns by focusing on insurers with a solid emerging market strategy. For consultants, advising on market entry and localization strategies in these regions could be highly beneficial.

8. Health Insurance: Rising Costs and Innovative Models

The U.S. health insurance sector is grappling with soaring costs. Spending on healthcare is projected to exceed $5 trillion in 2024, putting pressure on employers and insurers to find cost-saving measures. This environment is fostering innovation in health plan models, including health sharing ministries and value-based care arrangements, which tie reimbursement to patient outcomes rather than services rendered. For marketing professionals, promoting these alternative models as cost-effective solutions could attract a broad customer base. Investors might also see potential in firms that are pioneering affordable health solutions, particularly as the uninsured population remains a significant concern.

9. Aging Populations and the Demand for Retirement Products

The aging population in developed nations is fueling demand for retirement products, especially annuities. With Baby Boomers holding an estimated $40 trillion in pension and retirement assets in the U.S. alone, insurers are responding by creating annuities and other income-focused products. The shift toward annuities aligns with retirees’ need for stable income streams, making this a growth area for insurers. Investors should consider companies with robust annuity offerings, while consultants can help insurers design flexible products to meet retirees’ needs.

10. The Role of Private Equity in the Insurance Sector

Private equity firms are increasingly investing in insurance, drawn by the stable cash flows from premiums. These firms often acquire or partner with insurers, especially in the life insurance sector, to diversify their portfolios and generate consistent returns. This trend signals potential consolidation in the industry, with private equity-backed firms potentially gaining a competitive edge through enhanced capital access. Investors should watch for M&A activities in the sector, as these moves may create more streamlined and profitable companies. For consultants, advising on mergers and acquisitions within insurance could be a lucrative niche.

Conclusion

The insurance industry is at a pivotal moment, shaped by technological advancements, changing consumer preferences, regulatory shifts, and expanding global markets. For investors, insurers focused on AI, direct sales, and emerging markets may offer attractive opportunities. Consultants can add value by guiding insurers through digital transformation, regulatory compliance, and specialized product development. Marketing professionals will play a key role in communicating these innovations to consumers, especially as the industry leans into digital platforms and personalized offerings. As the insurance landscape continues to evolve, stakeholders who stay informed and adaptable will be well-positioned to capitalize on these significant trends.

For investors, consultants, and marketing professionals!

Key Concepts:  Insurance, business, annuities, economics, asset management, risk management, finance, future, globalization, healthcare, innovation, investing, marketing, technology, industries

Source: Plunkett Research, Ltd., Copyright © 2024

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Insurance Industry.  (See: https://www.plunkettresearch.com/industries/insurance-risk-management-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Insurance Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

• Business trends analysis
• In-depth industry overview
• Technology trends analysis
• Forecasts
• Spending, investment, and consumption discussions
• In-depth industry statistics and metrics
• Industry employment numbers
  
  

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

• U.S. and Global Firms
• Publicly held, Private and Subsidiaries
• Executive Contacts
• Revenues
• For Public Companies: Detailed Financial Summaries
• Statistical Tables
  
  

Key Questions Answered Include:

• How is the industry evolving?
• How is the industry being shaped by new technologies?
• How is demand growing in emerging markets and mature economies?
• What is the size of the market now and in the future?
• What are the financial results of the leading companies?
• What are the names and titles of top executives?
• What are the top companies and what are their revenues?
  
  

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Insurance Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Insurance Industry

1. Introduction to the Insurance Industry
2. Premiums Soar for Home and Auto Insurance
3. Sophisticated Risk Management and Prevention Programs Lead to Lower Losses
4. Risk Managers Seek Certification
5. Independent Agencies Continue to Dominate Commercial Insurance, but Play a Lesser Role in Personal Lines
6. Insurance Direct Selling and E-Commerce
7. Insurance Underwriting Uses Artificial Intelligence (AI)/Policy Holders Allow Their Habits to Be Tracked for Lower Insurance Rates
8. Artificial Intelligence (AI) Enables Life Insurance Underwriting
9. States Pick Up Some Wind and Flood Risk for Homeowners/Underwriters Rely on Sophisticated Risk Analysis Technology to Set Rates
10. No End in Sight to the Growth of Specialized Insurance Lines
11. Health Sharing Ministries Attract Millions of Members
12. Annuity Account Managers Create New Product Strategies
13. Major U.S., Japanese and European Insurance Firms See Vast Promise in Chinese, Southeast Asian and Emerging Markets
14. Continued Rise in Health Care Costs
15. Number of Uninsured Americans Declines But Remains High
16. U.S. Affordable Care Act (ACA) of 2010 Rewrote the Rules and Increased Coverage, But Costs Continue to Rise
17. Employers Fight Rapidly Growing Health Care Premiums/Require Employees to Pay a Significant Share of Costs
18. Insurance Companies Change Strategies Due to Affordable Care Act (ACA) and Rapidly Rising Costs of Care
19. Malpractice Suits Are Blamed for Rising Health Care Costs/Tort Reform Is Capping Awards for Damages
20. Hedge Funds and Private Equity Play a Major Role in Financial Products Including Derivatives, Lending and Insurance (Shadow Banking)
21. Aging Populations, Baby Boomers Create Opportunities/U.S. Pension Accounts Top $40.0 Trillion
22. Basel III, Dodd-Frank Act and Volcker Act Increase Regulation/European Solvency II and MiFID 2 Take Effect
23. Financial Technology (FinTech) Enables Online Lending, Insurance and Robo Advisors
24. Drones Save Time and Money in a Variety of Industries Including Insurance, Real Estate
25. Gig Economy and Self-Driving Cars Pose Insurance Challenges and Underwriting Opportunities
26. The Future of the Insurance Industry and Risk Management

Plunkett Research Provides In-Depth Tables for the Following Insurance Industry Statistics

1. Insurance Industry Statistics and Market Size Overview
2. Assets & Liabilities of U.S. Property-Casualty Insurance Companies: 2021-2nd Quarter 2024
3. Assets & Liabilities of U.S. Life Insurance Companies: 2020-2nd Quarter 2024
4. Employers’ Costs for Total Compensation and Health Insurance, by Selected Characteristics, U.S.: Selected Years, 2020-2024
5. The Nation’s Health Dollar: 2024 Where It Came From (Projected)
6. The Nation’s Health Dollar: 2024 Where It Went (Estimated)
7. Number & Percent of Persons of All Ages with and without Health Insurance Coverage, U.S.: 2007-2023
8. Number & Percent of Persons without Health Insurance Coverage, by Age Group, U.S.: 2000-2023
9. Medical Care Benefits in the U.S.: Access, Participation and Take-Up Rates, March 2024
10. Retirement Benefits in the U.S.: Access, Participation and Take-Up Rates, March 2024
11. Employment in the Insurance Industry, U.S.: 2017-August 2024

11.6.24

The aerospace industry is experiencing rapid transformation, driven by emerging technologies, market demands, and sustainability goals. For investors, consultants, and marketing professionals, understanding these shifts is essential to capitalize on new opportunities. Here, we highlight the most critical trends from the aerospace, aircraft, and airline sectors, emphasizing the competitive landscapes, environmental pressures, and disruptive advancements that are reshaping the industry.

Check out our Aerospace Industry Center!

Plunkett’s Aerospace, Aircraft Satellites & Drones (UAV) Industry eBook, latest edition

1. Aircraft Efficiency and Sustainability: From Fuel-Efficient Jets to Electric Aircraft

The demand for fuel-efficient and environmentally friendly aircraft is reshaping the aerospace landscape. Traditional industry giants Boeing and Airbus have adapted existing designs to improve efficiency and passenger comfort. Notably, Boeing’s 737 MAX and Airbus’s A320neo families use advanced engines like CFM International’s LEAP and Pratt & Whitney’s PurePower engines, which significantly reduce fuel consumption and emissions.

Beyond conventional fuel, aerospace firms are pioneering sustainable propulsion technologies. Hydrogen and electric-powered aircraft are making significant strides. ZeroAvia, for example, is developing hydrogen-electric engines that are expected to power commercial flights by 2026. Airbus and NASA are also exploring electric and hybrid-electric aircraft, indicating a future shift in propulsion that will likely open doors for new aircraft manufacturing investments and partnerships.

2. Revolution in Satellite Technology: SmallSats and Low-Earth Orbit (LEO) Connectivity

Satellite technology is experiencing a radical transformation through the development of smaller, more affordable satellites, known as SmallSats and CubeSats. These compact satellites provide an efficient solution for expanding telecommunications and global internet coverage. Companies like SpaceX and OneWeb are deploying LEO satellite networks that promise global high-speed internet and seamless connectivity for industries such as telecommunications, defense, and maritime. Starlink alone, operated by SpaceX, plans to deploy up to 12,000 LEO satellites, positioning itself as a key player in the satellite-based internet market.

For investors, the satellite industry offers opportunities across telecommunications, Earth monitoring, and global positioning applications. These LEO satellites could reshape communication infrastructure worldwide, especially in rural and underserved regions, where traditional ground infrastructure is costly or impractical.

3. Commercial Space Travel and Tourism: A Frontier for High-End Consumers

Space tourism is entering the mainstream as companies like SpaceX, Virgin Galactic, and Blue Origin launch commercial space flights aimed at affluent consumers. These suborbital and orbital flights provide unique experiences, with companies like Virgin Galactic offering regular trips for nearly half a million dollars per seat. Space tourism’s appeal extends beyond just novelty, with projected growth stemming from high-net-worth individuals and corporate ventures interested in promoting brand innovation and exclusivity.

Space tourism also represents an opportunity for stakeholders in the broader space economy, including sectors like luxury travel, hospitality, and entertainment. As these private companies gain momentum, investors can look forward to a new and niche market that could bring high returns as consumer interest and accessibility expand over time.

4. Reusable Rockets: Lowering Costs and Increasing Market Access

Reusable rockets are becoming the norm for launching satellites and human payloads. SpaceX’s Falcon 9 and Falcon Heavy rockets, as well as Blue Origin’s New Shepard, have demonstrated the viability of reusability by successfully landing after launches, significantly reducing the cost of reaching space. This technology enables multiple industries to leverage satellite deployments, particularly in telecommunications and defense, for lower launch costs and greater flexibility.

With the space launch market expected to grow significantly, the cost reductions enabled by reusable rockets have profound implications for private space initiatives and governments alike. From reducing satellite launch costs to enabling new space missions, the reusable rocket trend offers vast potential for both private investors and state-backed projects.

5. The Rise of Autonomous and Urban Air Mobility (UAM) Solutions

Urban Air Mobility (UAM) is set to redefine how people and goods move within cities. Companies like Joby Aviation, Archer Aviation, and Volocopter are developing electric vertical takeoff and landing (eVTOL) aircraft for use in urban environments. Supported by investment from major airlines and automotive giants, these aircraft are positioning UAM as a high-growth area in aerospace. For example, United Airlines’ partnership with Archer Aviation involves a substantial order for eVTOL aircraft, highlighting airline industry confidence in urban air mobility solutions.

Flying taxis and commuter aircraft promise both convenience and environmental benefits for urban centers, helping to reduce congestion and lower emissions. By creating a new class of aircraft tailored for short-distance, on-demand transportation, UAM presents an investment opportunity that combines sustainability with an innovative market solution to urban mobility challenges.

6. Drone Applications Across Industries: Agriculture, Delivery, and Inspections

Drones are quickly advancing from hobbyist devices to critical tools in industries like agriculture, construction, real estate, and logistics. In agriculture, drones enable precision farming by providing high-resolution imagery to monitor crops, identify irrigation issues, and optimize yields. Logistics companies, including Amazon and UPS, are testing drones for package delivery, particularly in remote and densely populated urban areas.

Drone usage is also expanding into infrastructure inspections and insurance, where they can assess damage after natural disasters, inspect hard-to-reach infrastructure, and reduce operational costs. With regulatory support, drones represent a robust area of growth across many sectors, supported by advancements in AI and machine learning for autonomous navigation.

7. Future of Aircraft Design: Passenger Comfort and Engine Innovations

Airlines are demanding aircraft that offer greater passenger comfort and efficiency, driving innovations in cabin design, seating configurations, and in-flight technology. Boeing’s 787 Dreamliner and Airbus’s A350 XWB are examples of wide-body jets that integrate advanced materials, including carbon composites, which reduce aircraft weight and improve fuel efficiency. Moreover, innovations such as larger windows, improved humidity levels, and modernized in-flight entertainment systems are becoming essential for airlines looking to enhance customer experience.

From a marketing perspective, promoting these passenger-friendly features can help airlines differentiate their brands in an increasingly competitive market. As airline customers place greater value on in-flight comfort and environmental responsibility, airlines and manufacturers are responding with designs that aim to meet and exceed these expectations.

8. Supersonic Flight Revisited: A New Era of High-Speed Air Travel

The push for supersonic travel is gaining momentum, with companies like Boom Supersonic working on aircraft capable of reducing long-haul flight times significantly. Supported by orders from major airlines such as United and Japan Airlines, Boom’s “Overture” supersonic jet aims to provide fuel-efficient, high-speed air travel by the end of the decade. Environmental concerns remain, but the development of sustainable aviation fuel (SAF) promises to offset some of the emissions associated with high-speed travel.

Supersonic travel’s re-emergence highlights investor interest in niche segments of the aviation industry that cater to time-sensitive, premium customers. It also aligns with broader innovations in engine efficiency and sustainable fuel usage, presenting opportunities for growth in both commercial and corporate travel sectors.

9. Globalization and Diversification in Aircraft Manufacturing

Aerospace manufacturing is becoming increasingly globalized, with new players from China, Japan, and Brazil entering the market. For instance, China’s COMAC has launched the C919, challenging Boeing and Airbus in the narrow-body segment. Meanwhile, countries like Japan and Brazil are developing regional jets to meet local and international demand.

For investors, this trend underscores the shifting dynamics in global aerospace manufacturing, with emerging markets and new manufacturers challenging established industry leaders. This could lead to more competitive pricing, partnerships, and a broader range of aircraft options for airlines.

Conclusion

The aerospace, aircraft, and airline industries are entering a period of profound transformation, driven by technological advancements, environmental imperatives, and shifting market dynamics. From the rise of LEO satellites and reusable rockets to the growing demand for fuel-efficient aircraft, there are vast opportunities for investors and consultants alike. Those who recognize and adapt to these trends can leverage these innovations to drive sustainable growth and profitability in the coming years. Whether through direct investment, strategic partnerships, or market expansion, the future of aerospace promises to be as dynamic as it is lucrative.

For investors, consultants, and marketing professionals!

Key Concepts: aircraft, aerospace, airlines, rockets, satellites, manufacturing, Innovation, design, research, technology, future growth, competitive intelligence, travel, sustainability, regulation

Source: Plunkett Research, Ltd., Copyright © 2024

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Aerospace, Aircraft, Satellites & Drones Industry.  (See: https://www.plunkettresearch.com/industries/aerospace-aircraft-satellites-drones-industry-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Aerospace, Aircraft, Satellites & Drones Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

• Business trends analysis
• In-depth industry overview
• Technology trends analysis
• Forecasts
• Spending, investment, and consumption discussions
• In-depth industry statistics and metrics
• Industry employment numbers
  
  

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

• U.S. and Global Firms
• Publicly held, Private and Subsidiaries
• Executive Contacts
• Revenues
• For Public Companies: Detailed Financial Summaries
• Statistical Tables
  
  

Key Questions Answered Include:

• How is the industry evolving?
• How is the industry being shaped by new technologies?
• How is demand growing in emerging markets and mature economies?
• What is the size of the market now and in the future?
• What are the financial results of the leading companies?
• What are the names and titles of top executives?
• What are the top companies and what are their revenues?
  
  

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Aerospace, Aircraft, Satellites & Drones Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Aerospace, Aircraft, Satellites & Drones Industry

1. Introduction to the Aerospace, Aircraft, Satellites & Drones Industry
2. Boeing and Airbus Compete for New Orders
3. New Aircraft Designs Offer Greater Passenger Comfort/More Efficient Engines
4. Supersonic Jets Fly Again
5. Hydrogen and Electric-Powered Airplanes Are Under Research and Development
6. Flying Taxis and Commuter Aircraft Get Off the Ground
7. Smaller Satellites (SmallSats and CubeSats) and Low Earth Orbit Revolutionize Telecommunications
8. Private, Reusable Rockets Launch Commercial Satellites and Serve both the U.S. Military & NASA
9. Space Travel Firms Carry Tourists/New Vehicles for U.S. Astronauts
10. Commercial Uses of Drones Advance/Autonomous Mid-Size Aircraft Developed
11. Drone Regulation and Licensing Evolve
12. Drones Provide New Tools for Precision Agriculture
13. Drones Save Time and Money in a Variety of Industries Including Insurance, Real Estate and Construction
14. Package and Food Delivery by Drone
15. The Future of Space Commercialization and Private Rocket Launch Services

Plunkett Research Provides In-Depth Tables for the Following Aerospace, Aircraft, Satellites & Drones Industry Statistics

1. Aerospace, Aircraft, Satellites & Drones Industry Statistics and Market Size Overview
2. Quarterly Aerospace Manufacturing Industry Net Sales, U.S.: 2001-2nd Quarter 2024
3. Gross Output in the Aircraft Manufacturing and Air Transportation Industries, U.S.: Selected Years, 2017-2023
4. Satellite Telecommunications: Estimated Sources of Revenue & Expenses, U.S.: 2019-2022
5. Federal R&D & R&D Plant Funding for Space Flight, Research & Supporting Activities, U.S.: Fiscal Years 2023-2025
6. Federal R&D & R&D Plant Funding for Air Transportation, U.S.: Fiscal Years 2022-2024
7. Federal R&D & R&D Plant Funding for National Defense, U.S.: Fiscal Years 2023-2025
8. NASA Budget Appropriations & Projections: 2023-2029
9. U.S. Exports & Imports of Aircraft, Spacecraft, and Parts: 2018-3rd Quarter 2023
10. Consolidation in U.S. Airlines
11. Quarterly U.S. Scheduled Service Passenger Airlines Financial Reports: 2nd Quarter 2023-2nd Quarter 2024
12. Air Carrier Traffic Statistics, U.S.: 2000 – April 2024
13. U.S. Airline Passenger Activity: 2010-2044
14. Top 10 U.S. Airlines & Airports Ranked by 2024 System Scheduled Enplanements
15. Employment & Earnings in Aerospace Occupations, U.S.: May 2023
16. Federal R&D & R&D Plant Funding for Transportation, U.S.: Fiscal Years 2022-2024
17. NSF Budget by Appropriation (Dollars in Millions), Fiscal Years: 2023-2025

11.25.24

As the health care industry continues its rapid evolution, a deep understanding of emerging trends is essential for investors, consultants, and marketing professionals. From skyrocketing costs to groundbreaking technologies, the sector is undergoing a transformation that offers both opportunities and challenges. This blog post summarizes the key trends in the health care landscape, leveraging insights from recent research and industry data.

Check out our Health Care Industry Market Research center!

Plunkett’s Health Care Industry eBook, latest edition.

1. Rising Health Care Costs: A Growing Financial Burden

Health care spending in the U.S. continues to rise at an alarming rate. In 2024, U.S. health care expenditures are projected to reach $5.05 trillion, up from $4.66 trillion in 2023. This staggering growth is driven by an aging population, the increasing cost of new technologies, and the continued rise in prescription drug prices. Investors should be aware that health care expenses, now constituting about 17.7% of the U.S. GDP, are crowding out investments in other critical areas such as infrastructure and education.

One of the key drivers of these cost increases is the aging baby boomer population. As more individuals hit retirement age, their demand for health services, particularly Medicare, is growing. This trend is expected to persist as the number of Medicare beneficiaries rises from 66.6 million in 2023 to over 80 million by 2034.

2. Consolidation and Growth of Health Systems

Another major shift is the consolidation of health care providers. The passage of the Affordable Care Act (ACA) accelerated hospital mergers and the creation of Accountable Care Organizations (ACOs). Large hospital chains have gained substantial market share, improving their negotiating power with insurers and suppliers. However, this consolidation has also led to reduced competition, which can drive up prices for patients.

The ACA’s push toward integrated care systems incentivizes the formation of ACOs, which are networks of doctors and hospitals that take a coordinated approach to patient care. ACOs that meet quality and cost targets are rewarded financially, promoting more efficient care delivery. This consolidation trend is a double-edged sword for investors. On the one hand, larger systems may offer operational efficiencies, but they also face regulatory scrutiny and potential antitrust actions.

3. Technological Advancements: Telemedicine, AI, and Genomics

Health care technology is advancing rapidly, offering new opportunities for innovation and cost reduction. The acceleration of electronic health records (EHR), telemedicine, and remote patient monitoring has been transformative. The COVID-19 pandemic boosted the adoption of telemedicine, and the trend continues as patients seek more convenient care options.

Moreover, artificial intelligence (AI), deep learning, and machine learning are finding commercial applications in diagnostics, personalized treatment plans, and robotic surgery. AI’s ability to process vast amounts of health data allows for more accurate diagnoses and more efficient use of resources.

In genomics, the cost of sequencing a patient’s DNA has plummeted, enabling personalized medicine. Genetic profiling is increasingly used to tailor treatments to individual patients, particularly in cancer care. As the cost of these technologies decreases, they will become more accessible, driving demand for personalized health care.

4. Pharmaceutical Trends: Expensive Breakthroughs and Generic Dominance

The pharmaceutical sector is seeing both explosive growth and rising controversy. Prescription drug costs in the U.S. are expected to soar to $463 billion in 2024. Some of the most exciting developments are occurring in the biotech space, with new treatments for obesity, diabetes, and other chronic diseases showing remarkable promise. Drugs such as Novo Nordisk’s Wegovy and Eli Lilly’s Zepbound are redefining the treatment of obesity and could lead to substantial long-term cost savings by reducing obesity-related chronic diseases.

However, these new therapies come with hefty price tags, sparking debates about the sustainability of drug pricing. Generic drugs account for the largest share of prescriptions by volume, but not by revenue. Investors in the pharmaceutical space should monitor the ongoing battle between brand-name drugs and generics, especially as U.S. government initiatives to control drug prices gain momentum.

5. The Shift Toward Value-Based Care

One of the most critical transformations in the health care industry is the shift from fee-for-service models to value-based care. Value-based care ties provider payments to patient health outcomes, promoting cost-efficient care while improving patient satisfaction. Major health insurers and Medicare are adopting this model, which could fundamentally reshape the industry.

For investors, the move toward value-based care presents both opportunities and challenges. Health care providers that can demonstrate better outcomes at lower costs stand to gain financially. However, the transition requires significant investment in data analytics, patient tracking, and care coordination.

6. Medical Tourism and Globalization of Health Care

Health care is also becoming a more globalized industry. Medical tourism, once a niche market, is growing as patients from high-cost countries like the U.S. seek care in nations where medical procedures are more affordable. Countries like India, China, and Mexico are seeing rapid growth in their health care sectors, driven by lower costs and improving care quality.

For investors, medical tourism offers potential growth in international health care markets. However, it also introduces risks related to the quality of care and the regulation of medical standards across borders.

7. Health Care’s Growing Transparency and Consumer Empowerment

Finally, the availability of online health care quality and outcomes data is revolutionizing the way consumers interact with the health care system. Patients and payers can now compare the performance of hospitals and doctors, leading to greater transparency and competition. Websites like Medicare’s Hospital Compare allow consumers to assess hospital quality and make more informed choices about their care.

This trend empowers consumers but also forces providers to improve their services or risk losing business. For marketing professionals, the growing demand for transparency presents an opportunity to showcase the strengths of health care organizations, particularly those that excel in patient satisfaction and outcomes.

Conclusion

The health care industry is undergoing profound changes that present both challenges and opportunities for investors, consultants, and marketing professionals. Rising costs, consolidation, technological innovation, pharmaceutical advancements, and the shift to value-based care are all reshaping the landscape. Understanding these trends is crucial for navigating the complexities of the health care market and capitalizing on emerging opportunities.

For investors, consultants and marketing professionals.

Key Concepts:  Biotechnology, business, healthcare, economics, healthcare, entrepreneurship, finance, hospitals, globalization, drugs, innovation, investing, marketing, pharmaceuticals, technology, robotics

Source: Plunkett Research, Ltd., Copyright © 2024

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Health Care Industry.  (See: https://www.plunkettresearch.com/industries/health-care-medical-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Health Care Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

• Business trends analysis
• In-depth industry overview
• Technology trends analysis
• Forecasts
• Spending, investment, and consumption discussions
• In-depth industry statistics and metrics
• Industry employment numbers
  
  

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

• U.S. and Global Firms
• Publicly held, Private and Subsidiaries
• Executive Contacts
• Revenues
• For Public Companies: Detailed Financial Summaries
• Statistical Tables
  
  

Key Questions Answered Include:

• How is the industry evolving?
• How is the industry being shaped by new technologies?
• How is demand growing in emerging markets and mature economies?
• What is the size of the market now and in the future?
• What are the financial results of the leading companies?
• What are the names and titles of top executives?
• What are the top companies and what are their revenues?
  
  

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Health Care Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends and Technologies Affecting the Health Care Industry

1. Introduction to the Health Care Industry
2. The Coronavirus’ Effect on the Health Care Industry
3. Continued Rise in Health Care Costs
4. Employers Fight Rapidly Growing Health Care Premiums/Require Employees to Pay a Significant Share of Costs
5. Medicare and Medicaid Spending Continue to Surge/More Baby Boomers Hit 65+ Years of Age
6. U.S. Affordable Care Act (ACA) of 2010 Rewrote the Rules and Increased Coverage, But Costs Continue to Rise
7. Accountable Care Organizations (ACOs) and Hospital Mergers Result from the Affordable Care Act/Many Hospital Chains Grow Dramatically in Market Share
8. Concierge Care/Direct Primary Care Are on the Rise/New Twists on House Calls
9. Insurance Companies Change Strategies Due to Affordable Care Act (ACA) and Rapidly Rising Costs of Care
10. Number of Uninsured Americans Declines But Remains High
11. Health Sharing Ministries Attract Millions of Members
12. Massive R&D Investment Required for Development and Approval of New Blockbuster Drugs/Drug Prices Soar
13. Fast Track Drugs Come to Market in the U.S. with FDA Cooperation
14. Generic Drugs Have Biggest Market Share By Unit Volume, but not by Total Revenues
15. America Pays Higher Prices for Drugs Than Other Nations/U.S. Government Launches Drug Price Negotiation and Control Powers for Medicare
16. Biotech and Orphan Drugs Create New Revenues for Drug Firms
17. Revolutionary New Drugs (Zepbound, Wegovy and Ozempic) Treat Obesity, Diabetes and Addiction/Show Promise for Treating Many Other Diseases
18. Quality of Care and Health Care Outcomes Data Are Available Online, Creating a New Level of Transparency
19. Malpractice Suits Are Blamed for Rising Health Care Costs/Tort Reform Is Capping Awards for Damages
20. Obesity Sparks Government, School and Corporate Initiatives/Snack Foods Get Healthier
21. Health Care Goes Offshore, Medical Tourism and Clinical Trials Continue in China, India and Elsewhere
22. Retail Clinics, Urgent Care Centers and Employer Sites Increase Health Care Options but Suffer Challenges
23. Health Care Industry Grows Rapidly in China, India and Mexico

The Outlook for Health Care Technology:

24. Health Care Technology Introduction
25. Electronic Health Records (EHR) Digitize Patient Records at an Accelerating Pace
26. Telemedicine and Remote Patient Monitoring Rely on Wireless
27. Stem Cells and 3D Printing—A New Era of Regenerative Medicine Takes Shape
28. Health Care Robotics
29. Patients’ Genetic Profiles Plummet in Price as DNA Sequencing Technologies Advance
30. Advances for Cancer Patients in Chemotherapy and Radiation, Including Proton Beams and IMRT
31. Better Imaging, including MRI, PET and 320-Slice CT, Creates Advances in Detection
32. Artificial Intelligence (AI), Deep Learning and Machine Learning Advance into Commercial Applications, Including Health Care and Robotics

Plunkett Research Provides In-Depth Tables for the Following Health Care Industry Statistics

1. U.S. Health Care Industry Overview

U.S. Health Care Industry Statistics and Market Size Overview

Global Health Statistics, 2017-2024

Employment in the Health Care Industry, U.S.: 2019 – June 2024

U.S. FDA New Drug (NDA) and Biologic (BLA) Approvals, 2024

The U.S. Drug Discovery & Approval Process

Federal R&D & R&D Plant Funding for Health and Human Services, U.S.: Fiscal Years 2022-2024

2. U.S. Health Care Expenditures & Costs

The Nation’s Health Dollar: 2024 Where It Came From (Projected)

The Nation’s Health Dollar: 2024 Where It Went (Estimated)

National Health Expenditures & Annual Percent Change, U.S.: 2016-2032

National Health Expenditures by Type of Expenditure with Affordable Care Act Impacts, U.S.: Selected Calendar Years, 2020-2032

Hospital Care Expenditures & Annual Percent Change, U.S.: 2016-2032

Nursing Home Care Expenditures & Annual Percent Change, U.S.: 2016-2032

Home Health Care Expenditures & Annual Percent Change, U.S.: 2016-2032

Prescription Drug Expenditures & Annual Percent Change, U.S.: 2016-2032

3. Medicare & Medicaid

Medicare Enrollment, 1975-2097

Medicaid Enrollment & Expenditures for Medical Assistance Payments & Administration: Selected Years, 1966-2027

4. U.S. Health Insurance Coverage & The Uninsured

Number & Percent of Persons of All Ages with and without Health Insurance Coverage, U.S.: 2007-2022

Employers’ Costs for Total Compensation and Health Insurance, by Selected Characteristics, U.S.: Selected Years, 2020-2024

5. U.S. Vital Statistics & Population Indicators

Prevalence of Obesity Among Adults, by Age, Sex and Race/Ethnicity: U.S., 2018