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INDUSTRY TRENDS: BY THE NUMBERS

Amount of healthcare data estimated to be generated in 2020

Only 153 exabytes (one exabyte = one billion gigabytes) were produced in 2013. The growth of this data is predicted to be at least 48 percent annually.

Source: Stanford Medicine 2017 Health Trends Report: Harnessing the Power of Data in Health.

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Projected U.S. per-person spending on medicines through 2022

Per capita spending on medicines is expected to decline by end of 2018 and stay steady at about $800 per capita through 2022. Figure is adjusted for population growth, rising GDP, and estimates of manufacturer revenue.

Source: IQVIA Institute for Human Data Science, 2018 and Beyond: Outlook and Turning Points, March 2018

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U.S. brand sales expected to face generic or biosimilar competition

Ninety percent of all prescriptions in the U.S. are filled with generics today. A report by industry association PhRMA suggests that $105B of brand sales will face generic or biosimilar competition by 2022.

Source: PhRMA, 2018 Profile: Biopharmaceutical Research Industry

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Percent of Americans uninsured as of 4Q 2017

This figure is down from 16% in 2010, but up from the low of 10.9% in Q3 2016.

SOURCE: Gallup-Sharecare Wellbeing Index

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Drug shortages in 2017

The FDA helped to prevent 132 drug shortages in 2017, with only 35 shortages remaining. This was down from a high of 251 non-remediated shortages in 2011.

Source: FDA, “FDA is Advancing New Efforts to Address Drug Shortages,” November 2018

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Percent of physicians now practice some form of telemedicine

Key finding from the Physicians Foundation Survey of 9,000 U.S. physicians.

Source: Physicians Foundation Survey by Merrit Hawkins, September 2018

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Growth of 65+ U.S. population by 2030

The elder population of the United States will have increased by 55% in the next 20 years.

Source: Source: U.S. Census Bureau

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Written by hsandm

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