September 30, 2019
HOUSTON, Texas – Plunkett Research, Ltd. announces an important market research and competitive analysis report, Health Care Industry Almanac, 2020 edition. A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms.
Health care costs continue to rise in the U.S. Total U.S. health care expenditures were estimated to be $3.82 trillion in 2019, and are projected to soar to $5.96 trillion in 2027. Health spending in the U.S., at about 17.8% of Gross Domestic Product (GDP) in 2019, is projected to grow steadily. In addition to expected higher costs, the Trump has been focused on altering 2010 Patient Protection and Affordable Care Act (ACA). The most significant change has been the mandate that Americans must carry insurance or face penalties has been dropped.
Outside the U.S., stark contrasts exist between health costs in the United States and those of other countries. A 2018 comprehensive study published by the Organization for Economic Cooperation & Development (OECD) covering more than 30 countries, including the UK, France, Germany, Mexico, Canada, South Korea, Japan, Australia and the U.S., found the average spent on healthcare amongst those countries, was 8.8% of GDP. The highest figures in this study were the United States at 16.9% of GDP, Switzerland at 12.2%, France at 11.2%, Germany at 11.2%, Sweden at 11.0%, Japan at 10.9% Canada at 10.7%, and Denmark at 10.5%.
Total health care expenditures around the world are difficult to determine, but $10.0 trillion would be a fair estimate for the formal health care industry for 2019. That would place health care at about 11.4% of global GDP, with expenditures per capita of about $1,300. This $10.0 trillion breaks down to approximately $3.8 trillion in the U.S., $3.3 trillion in non-U.S. OECD nations and $2.8 trillion elsewhere around the world.
- Plunkett Research analyzes the top trends changing the industry, and provides in-depth industry statistics. In addition, this publication profiles the top 500 companies in the Health Care Industry.
- Printed Almanac: ISBN 978-1-62831-547-9 (Available Now)
- E-book: ISBN 978-1-62831-853-1 (Available Now)
- Plunkett Research Online (Subscribers)
Key Features Include:
- Industry trends analysis, market data and competitive intelligence
- Market forecasts and Industry Statistics
- Industry Associations and Professional Societies List
- In-Depth Profiles of hundreds of leading companies
- Industry Glossary
- Link to our 5-minute video overview of this industry
Statistical Tables Provided: 25
Companies Profiled: 496
Geographic Focus: Global
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 book covers competitive intelligence, market research and business analysis—everything you need to know about the health care business including:
Major Trends and Technologies Affecting the Health Care Industry
Introduction to the Health Care Industry
- Continued Rise in Health Care Costs
- Employers Fight Rapidly Growing Health Care Premiums/Require Employees to Pay a Significant Share of Costs
- Medicare and Medicaid Spending Continue to Surge/More Baby Boomers Hit 65+ Years of Age
- U.S. Affordable Care Act (ACA) of 2010 Rewrote the Rules and Increased Coverage, But Costs Continue to Rise
- Accountable Care Organizations (ACOs) and Hospital Mergers Result from the Affordable Care Act/Many Hospital Chains Grow Dramatically in Market Share
- Concierge Care/Direct Primary Care Are on the Rise/New Twists on House Calls
- Insurance Companies Change Strategies Due to Affordable Care Act (ACA) and Rapidly Rising Costs of Care
- Number of Uninsured Americans Declines But Remains High
- Health Sharing Ministries Attract Millions of Members
- New Blockbuster Drugs Come to Market/Drug Prices Soar
- Fast Track Drugs Come to Market in the U.S. with FDA Cooperation
- Generic Drugs Have Biggest Market Share By Unit Volume, but not by Total Revenues
- Coupons and Other Marketing Schemes Obscure the Retail Prices of Drugs in the U.S., Which Are Vastly Higher than Prices Paid in Other Nations
- Biotech and Orphan Drugs Create New Revenues for Drug Firms
- Quality of Care and Health Care Outcomes Data Are Available Online, Creating a New Level of Transparency
- Malpractice Suits Are Blamed for Rising Health Care Costs/Tort Reform Is Capping Awards for Damages
- Obesity Sparks Government, School and Corporate Initiatives/Snack Foods Get Healthier/Taxes on Unhealthy Foods
- Health Care Goes Offshore, Medical Tourism and Clinical Trials Continue in China, India and Elsewhere
- Retail Clinics, Urgent Care Centers and Employer Sites Increase Health Care Options/Reduce Costs
- Health Care Industry Grows Rapidly in China, India and Mexico
The Outlook for Health Care Technology:
- Health Care Technology Introduction
- RFID Helps Manage Hospital and Pharmacy Inventories
- Electronic Health Records (EHR) Digitize Patient Records at an Accelerating Pace
- Telemedicine and Remote Patient Monitoring Rely on Wireless
- Stem Cells—Multiple Sources Stem from New Technologies
- Stem Cells—Therapeutic Cloning Techniques Advance
- Stem Cells and 3D Printing—A New Era of Regenerative Medicine Takes Shape
- Health Care Robotics
- Patients’ Genetic Profiles Plummet in Price as DNA Sequencing Technologies Advance
- Advances for Cancer Patients in Chemotherapy and Radiation, Including Proton Beams and IMRT
- Better Imaging, including MRI, PET and 320-Slice CT, Creates Advances in Detection
- Artificial Intelligence (AI), Deep Learning and Machine Learning Advance into Commercial Applications, Including Health Care and Robotics
Health Care Industry Statistics
- U.S. Health Care Industry Overview
U.S. Health Care Industry Statistics and Market Size Overview Global Health Statistics, 2013-2019
Domestic & Foreign Pharmaceutical Sales, PhRMA Member Companies: 1980-2018
Employment in the Health Care Industry, U.S.: 2014-July 2019
Employment & Earnings in Health Care Practitioner & Technical Occupations, U.S.: May 2018
Employment & Earnings in Health Care Support Occupations, U.S.: May 2018
The U.S. Drug Discovery & Approval Process
U.S. FDA New Drug (NDA) and Biologic (BLA) Approvals, 2018
Federal R&D & R&D Plant Funding for Health and Human Services, U.S.: Fiscal Years 2017-2019
- U.S. Health Care Expenditures & Costs
The Nation’s Health Dollar: 2019 Where It Came From (Estimated)
The Nation’s Health Dollar: 2019 Where It Went (Estimated)
National Health Expenditures & Annual Percent Change, U.S.: 2011-2027
National Health Expenditures by Type of Expenditure with Affordable Care Act Impacts, U.S.: Selected Calendar Years, 2011-2027
Hospital Care Expenditures & Annual Percent Change, U.S.: 2011-2027
Nursing Home Care Expenditures & Annual Percent Change, U.S.: 2011-2027
Home Health Care Expenditures & Annual Percent Change, U.S.: 2011-2027
Prescription Drug Expenditures, U.S.: 1996-2027
Prescription Drug Expenditures & Annual Percent Change, U.S.: 2011-2027
- Medicare & Medicaid
Medicare Enrollment, 1970-2093
Medicaid Enrollment & Expenditures for Medical Assistance Payments & Administration:
Selected Years, 1966-2026
Medicaid Enrollment and Expenditures, by Enrollment Group: Fiscal Year 2016
- U.S. Health Insurance Coverage & The Uninsured
Number & Percent of Persons of All Ages with and without Health Insurance Coverage, U.S.:
Medical Care Benefits in the U.S.: Access, Participation and Take-Up Rates, March 2018
Employers’ Costs for Health Insurance, Amount & Percent of Total Compensation, U.S.:
Selected Years, 2015-2019
- U.S. Vital Statistics & Population Indicators
Life Expectancy at Age 65, U.S.
Prevalence of Obesity Among Adults, by Age, Sex and Race/Ethnicity: U.S., 2018
Companies Mentioned Include:
- Premier Inc
- 3M Company
- Agfa-Gevaert NV
- Abbott Laboratories
- Teva Pharmaceutical Industries Limited
- Abiomed Inc
- Accredo Health Group Inc
- Metropolitan Health Networks Inc
- Diversicare Healthcare Services Inc
- Aetna Inc