Healthcare Pharmaceutical Market Research Reports, Analysis & Trends
Healthcare is one of the most crucial industries in the world, contributing tremendously to people and national economies. As per the recent pharmaceuticals industry analysis by the World Health Organization (WHO), the worldwide spending on health reached a value of USD 8.3 trillion in 2018 and makes for around 10 % of the global GDP. The growth of this industry is largely driven by aging population, and increasing infrastructure investments. According to a report by the United Nations, the total population aged 65 years or above was 702.9 million in 2019, which is estimated to rise up to 1.54 billion by 2050. Along with these, rising prevalence of chronic diseases and evolving care models a Read More...Healthcare is one of the most crucial industries in the world, contributing tremendously to people and national economies. As per the recent pharmaceuticals industry analysis by the World Health Organization (WHO), the worldwide spending on health reached a value of USD 8.3 trillion in 2018 and makes for around 10 % of the global GDP. The growth of this industry is largely driven by aging population, and increasing infrastructure investments. According to a report by the United Nations, the total population aged 65 years or above was 702.9 million in 2019, which is estimated to rise up to 1.54 billion by 2050. Along with these, rising prevalence of chronic diseases and evolving care models across the globe is also anticipated to bolster the industry growth. As per the Centers for Disease Control and Prevention, as of January 2021, 6 in 10 adults in the United States alone suffer from a chronic disease. In addition, pharmaceutical industry trends that we witness today are new technologies and solutions that address the requirements for disease management, clinical diagnosis and effective treatment. Since the last few years, the global healthcare industry is observing a vital structural change pertaining to the upsurge in adoption of internet of things (IoT), artificial intelligence (AI) and data management practices. By 2025, 22 healthcare AI tools will generate a revenue of approximately USD 35 billion globally. Additionally, in 2020, COVID-19 impacted almost all the areas of the industry by causing unparalleled disruption to supply chain and exposing social inequities in health and care. Organizations, academia and governments all around the world collaborated to conduct systematic pharmaceuticals market research and deliver new solutions and improved outcomes for tackling the situation. Increasing number of alliances are also anticipated to arise between healthcare providers and technology giants to meet the evolving needs of consumers. Furthermore, prominent technological advancements in the healthcare industry are expected to be observed in developed nations such as the United States, which also acquires the largest healthcare pharmaceutical market size globally. This trend is projected to be followed by the emerging economies in the Asia Pacific and South American regions can be accounted to the growing alliances across companies and industries for development of new medicines and largescale deployment of hybrid imaging technologies. However, key challenges remain escalating healthcare costs, stringent regulatory changes and preventable medical errors.
Kenneth Research offers descriptive market insights as per the industry needs. Our healthcare market research reports comprise detailed assessment of the latest healthcare pharmaceutical market trends, and the factors accelerating and posing challenges to the growth of the market in the upcoming years. We have expertise on devising comprehensive pharmaceutical market research reports to provide tailor made healthcare market consulting solutions to our clients. All our reports cover major geographies including North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. We have a wide collection of pharmaceutical industry research reports and access to recognized secondary databases to help our clientele make more informed decisions.
