US Healthcare Market Report 2017 

US Healthcare Market Report 2017 

  • February 2017 •
  • 106 pages •
  • Report ID: 4773236 •
  • Format: PDF
The USA had the highest GDP in the world worth about $18 trillion accounting for 24% in $73 trillion global GDP. The USA is the third most populated country with a population of 320 million that accounts for 4% of the global population. About 15% of the USA’s population were senior citizens (above 65 years old) and the average life expectancy rate was 79 years. Total expenditure on health as % of GDP in 2014 is 17.1.

According to American heart Association, cardiovascular disease listed as the leading underlying cause of death (45%) that accounts for nearly 801,000 deaths in the US. That’s about 1 of every 3 deaths in the US. Direct and indirect costs of cardiovascular diseases and stroke are estimated to total more than $316 billion; that includes both health expenditures and lost productivity. An estimated 23.4 million of American adults have diagnosed diabetes. Additionally about 81.6 million of American adults have prediabetes. Noncommunicable diseases are estimated to account for 88% of total American deaths in 2014.

The top three segments in the healthcare market as of 2016 were hospitals and outpatient care centers, physicians and other healthcare practitioners and home healthcare and residential nursing care services.

US is the world leader in biopharmaceutical research and development (R&D). In 2015, US biopharmaceutical companies exported goods worth about $47 billion . According to the Pharmaceutical Research and Manufacturers Association (PhRMA), US industries conduct the majority of the world's R&D in pharmaceuticals and hold the intellectual property rights on most new medicines.

The latest trend observed in the healthcare market in 2016 was digitalization of medical records. Digitalization of information related to patients including their medical history, diagnoses, medications, treatment plans, immunization dates, allergies, radiology images, and laboratory and test results is being made possible with Electronic Health Records (EHRs). EHRs increase patient participation, and improve diagnostic and treatment outcomes.

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