Industry Trends: By the numbers

Compiled by Cari Kraft, Jacobs Management Group, Inc.

Case Fatality Rate For Covid-19 In U.S.

As of August 24, over 64,000,000 tests had been conducted in theU.S., and the case fatality rate had dropped to 3.1% from a high of 7.2% on March 4th. However, this is only what we have been able to measure with any accuracy as a factor of people who have been tested. The actual number should be gauged by Infection Mortality 3.1%Rate (IMR), for which we have only rough guesses at this time. Source: Our World in Data, Mortality Risk of Covid-19 18%

Americans Experiencing Isolation And Loneliness

Nearly a fifth of Americans report that isolation and loneliness are the leading factors affecting their health during the pandemic. Social determinants of health are expected to become more important. Health systems are coordinating with community groups to treat mental health. This expands beyond supporting patient services to wellness, as health systems connect to the social system. Source: PwC Health Research Institute Covid-19 Consumer Survey, April 2-8, 202036%

Projected Global Data Cagr For Healthcare By 2025

While today about 30% of the world’s data volume is being generated by the healthcare industry, it’s estimated that the compound annual growth rate of data for healthcare will reach 36%. That’s 6% faster than manufacturing, 10% faster than financial services, and 11% faster than media & entertainment. Source: Coughlin et al, Internal Medicine Journal, “Looking to tomorrow’s healthcare today, November 2018

Of Healthcare Respondents I.D. Internal Silos As Top Kam Problem

According to a poll conducted by ZS Associates about Key Account Management programs, participants overwhelmingly chose internal silos (100%) and a lack of compelling programs and solutions (66%) as the top two barriers that their organizations are facing today. Other problems: legal and regulatory restrictions (33%) and having employees with the necessary KAM skills (17%). Source: ZS Associates, “KAM Programs Have Never Been More Relevant,” July 2020.

738,200 Additional Home Healthcare Jobs To Be Added By 2026

Employment in the home healthcare sector in the US will grow about 54% by 2026, adding over 700,000 jobs. This is driven by many factors, particularly the number of people over 65, which will rise from 14% of the population to 21%. Source: US Bureau of Labor Statistics21

Of 48 FDA Approvals In 2019 Were For Orphan Drugs

Last year, the FDA approvals of orphan drugs represented nearly half of the total approvals. This is driven by several factors. See “The Orphan Drug Report” in this issue for details. Source: EvaluatePharma’s Orphan Drug Report 2020 3,054

Data Breaches At Hospitals Between 2009 And 2019

Between 2009 and 2019 there have been 3,054 healthcare data breaches involving more than 500 records. Those breaches have resulted in the loss, theft, exposure, or impermissible disclosure of 230,954,151 healthcare records. That equates to more than 69.78% of the population of the United States. In 2019, healthcare data breaches were reported at a rate of 1.4 per day. Source: HIPAA Journal, 2020