Compiled by Cari Kraft, Jacobs Management Group, Inc.
478 Number of deals made in digital health by med device companies
Digital health investment is climbing significantly. Just in the medical device sector, investment has topped $5B, representing 478 deals. Telehealth came in next, at $2.8B, followed by Healthcare AI at $2.1B, and health plans and clinical trials, both at $1.4B.
Source: CB Insights, Q3 ’20 Report.
26.3% Number of healthcare companies on-target with plan during Covid-19
According to a study done by Reuters, over 26% of healthcare executives report that their companies are in line with their plans for the year, even factoring in the effects of Covid-19. Another 11% are above plan, and over 33% are below.
Source: Reuters, Beyond Covid-19: Life sciences reimagined (see report in this issue)
2% Decrease in health spending from 2019
The year-to-date spending on health services is down about 2% from last year, and may end up lower than it was in 2019. At its low point in April when the pandemic first really hit, spending on health services had fallen an extraordinary 32% on an annualized basis.
This is the first time expenditures for patient care have fallen year-over-year since data became available in the 1960s
Source: Kaiser Family Foundation, COVID-19 Is Causing Health Spending to Go Down, December 2, 2020
90% Anticipated reduction in new HIV diagnoses by 2030
It’s possible we could be nearing an end to the HIV epidemic. This year, NIH awarded approximately $10 million to support implementation science research to advance the goals of the Ending the HIV Epidemic: A Plan for America initiative, which aims to reduce new HIV diagnoses in the United States by at least 90% by 2030.
Source: NIH statement on World Aids Day, December 1, 2020
$10T Estimated size of global healthcare market by 2022
PolicyAdvice projects that global healthcare spending could reach $10 trillion in the next couple of years. The U.S. has the greatest healthcare spending, at $10,224 per capita, twice that of other countries.
Source: PolicyAdvice, The State of Health Care Industry (2020), November 22, 2020
9.25% Estimated CAGR of fertility services from now until 2026
The global fertility services market is expected to rise from its initial estimated value of $20.3B in 2018 to an estimated value of $41.3B by 2026, a CAGR of 9.25% in the forecast period of 2019-2026. This rise in the market can be attributed to the changing lifestyle and increasing infertility rates.
Source: Data Bridge Market Research, Global Fertility Services Market 2020, Covid-19 Effect Analysis by Top Companies and Forecast 2026, December 4, 2020
35% Of U.S. hospitals are in rural areas
About 35% of U.S. hospitals serve rural areas, with 65% in urban areas. Although rural populations are approximately only 20% of the total U.S. population, since rural areas cover so much territory, this still puts a significant travel burden on patients to reach critical care.
Source: American Hospital Association, Fast Facts on U.S. Hospitals, 2020