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INDUSTRY TRENDS: BY THE NUMBERS

Compiled by Cari Kraft, Jacobs Management Group, Inc.

$800M—$1.2B

Typical cost of a clinical trial

The cost of clinical trials continues to climb, while the success rate of getting approval for a new medication is only around 12%.

Source: Research and Markets, Global Clinical Trial Management System (CTMS) Market 2017-2021

$102.43B

Expected value of mHealth market in 2022

The mHealth market size is anticipated to grow at a CAGR of 32.5% from now to 2022, reaching over $102B.

Source: Zion Market Research, “mHealth Market by Devices, by Stakeholder, by Service, by Therapeutics, and by Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014-2022”

41%

Women holding leadership positions in healthcare

The healthcare industry leads all others in the advance of women in leadership positions, although women are 60% of the workforce, and represent over 50% of graduates in related studies. Still, women in all STEM fields are less represented across other industries

Source: Source: LinkedIn, “The Lack of Female Representation in STEM Starts Early, And That Needs to Change”

2X

Increase in chances of Type 2 diabetic patients getting heart disease

Type 2 diabetes patients are more than twice as likely as the general population to get cardiovascular disease, and may live seven to eight years less. Making the situation worse, less than half of people with diabetes are aware of it.

Source: CMS (Centers for Medicare/Medicaid Services), Office of Enterprise Data & Analytics, January 2017

2 of 10

2 of the Top 10 in Deloitte’s Technology Fast 500 are healthcare companies

Deloitte has ranked its 2017 North America Technology Fast 500, and found that two healthcare companies, Aratana Therapeutics and Theravance Biopharma US, make the Top 10, Aratana at a 31.24% growth last year, and Theravance at 21.426%. Seven others in the Top 10 were software companies, and one was in communications.

Source: Deloitte, “2017 North America Technology Fast 500.”

86%

Number of millennials who have health insurance

The number of millennials who now have healthcare coverage tops 86%, with 85% saying it is absolutely essential or very important. This is greater than the number with home internet access (74%) or a mobile phone data plan (66%). Most get coverage through the access provided by the ACA.

Source: Benenson Strategy Group, “Millennials Sound Off on Healthcare”

$23.88B

Projected size of genomics market by 2022

Markets and Markets anticipates that the genomics industry will grow from $14.71B in 2017 to $23.88B in 2022, at a CAGR of 10.2%. This will be driven by R&D activity, demand for personalized medicine, and shrinking costs of sequencing services.

Source: Markets and Markets, “Genomics Market by Product and Services (Instruments/Systems, Consumables, Services), Technology (Sequencing, Microarray, PCR), Process (Library Preparation, Sequencing, Data Analysis), Application (Diagnostics)—Forecast to 2022”

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Written by hsandm

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