INDUSTRY TRENDS : BY THE NUMBERS
Compiled by Cari Kraft, Jacobs Management Group, Inc.
Projected size of cancer immunotherapies market in 2022
The recent estimates for the US cancer immunotherapies market stood at $16.9B. This is expected to grow to four times that size, $75.8B, by 2022. This would be a CAGR of 23.9%
Source: Research and Markets, “Global Cancer Immunotherapies Market to 2022 – Immune Checkpoint Inhibitors and Therapeutic Cancer Vaccines to Characterize Increasingly Competitive Market,” December 2016
Projected growth of home health aide jobs
As healthcare migrates out of hospitals and clinics into homes and less intensive care locations, and as the Baby Boomer population ages, home health aides are expected to be the country’s most in-demand profession from 2017 through 2024, with 348,400 jobs anticipated. Other professions that will gain are physical therapist, emergency medical technician and nurse practitioner.
Source: U.S. Bureau of Labor Statistics
Current size of Top 50 medical device companies
The fifty largest medical device providers in healthcare (medical device, medical equipment, capital equipment, medical technology) grew their revenues 10% over the last year to $328B.
Source: Healthcare Sales & Marketing magazine survey, Top 50 Medical Device Companies, June/July 2017
Number of deaths worldwide due to cardiovascular disease
A new study covering every country over the past 25 years has revealed that cardiovascular diseases (CVD), including heart diseases and stroke, account for one-third of deaths throughout the world.
Source: Journal of the American College of Cardiology, Global, Regional, and National Burden of Cardiovascular Diseases for 10 Causes. May 2017
Anticipated global market CAGR growth rate for flu meds
The worldwide market for influenza drugs and vaccines is expected to grow by 10.24% CAGR from 2017-2022, mostly due to increased spending through various immunization programs.
Source: Azoth Analytics, “Global Influenza Drugs and Vaccines Market,” May 2017
Rate of increase of health expenditures over GDP
Estimates of national health expenditures since passage of the Affordable Care Act show that they’ve been growing just 1% over GDP growth, after decades of growth at GDP plus 2.5%.
Source: Urban Institute, “The Evidence on Recent Health Care Spending Growth and the Impact of the Affordable Care Act,” U.S. Health Reform – Monitoring and Impact, May 2017,
113,000 Number of shares of GSK ’s promoted post on meningococcal disease
GlaxoSmithKline had the most-shared healthcare related post of 2016, among major companies surveyed by Unmetric. GSK teamed with world-renowned photographer Anne Geddes to capture the stories of meningitis survivors who became para-athletes.
Source: Unmetric, “7 Social Media Trends in the Pharmaceutical Industry,” 2017