in

BY THE NUMBERS

Compiled by Cari Kraft, Jacobs Management Group, Inc.

78% Consumers want virtual health

In a survey of more than 1,500 consumers, Accenture found that consumers are willing to use a wide range of virtual health services. Interestingly, only 21% have actually tried it.

Source: Accenture Consulting, “Virtual Health: The Untapped Opportunity to Get the Most out of Healthcare,” 2015

$74B Venture capital device and biopharma investment in 2016

Venture capital firms invested over $74B in the device and biopharma sectors last year. The past two years saw nearly double the investment activity compared with 2011-2013.

Source: “Trends in Healthcare Investments and Exits 2017,” Silicon Valley Bank, based on PitchBook, NVCA and SVB proprietary data.

Pc0430300

77% Percent of hospitals that say developing value-based payment models is a priority over the next 12-18 months

78% of physician practices are participating in value-based payment models, and participation among facilities is 91%. This includes Medicare quality incentives, pay for performance, ACOs and bundled payments.

Source: Availity study “Provider Outlook on Value-based Payment Models,” April 2016

Pc0430200

Biotech revenues mixed, generally up

Growth is still the mainstay for biotech, with 70% of the companies on the list experiencing an increase in revenue from 2015 and 30% of the companies experiencing a revenue decline.

Source: Healthcare Sales & Marketing, April/May 2017, “Top 50 Biotech Companies”.

Pc0430400

46% Portion of global healthcare market held by U.S. in 2016

The U.S. continued to command over 46% of the global pharmaceutical market in 2016, up slightly from both previous years

Source: Statista, Statistics and facts about the Pharmaceutical Industry in the U.S. 2016

Pc0440000

$244B U.S. sales of Rx drugs in 2016

The patent drug market in the U.S. was $244B, 70% of the total. Generics came in at $70B, 21% of the total, and OTC sales were $19B, 6% of total.

Source: U.S. Snapshot: Pharmaceutical sales, Pharmaceutical sales per capita: Centers for Medicare and Medicaid Services (CMS), Consumer Healthcare Products Association (CHPA), BMI

Pc0440200

$700M GSK/Verily investment in bioelectronic medicines

GlaxoSmithKline and Alphabet’s Verily Life Sciences have announced a plan to invest $700M over the next seven years in Galvani Bioelectronics, a joint venture focused on bioelectronic medicines. This is a new modality that complements small- and large-molecule drugs on the biopharma side and traditional devices on the medtech side.

Source: Pulse of the Industry: Medical Technology in 2016, EYGM Limited

Pc0440300

What do you think?

Written by hsandm

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0

To Be a Marketer, Think Like an Advocate

BIOTECH IPOS UP, MARKET DOWN, REVENUES FLAT: THE TOP 50