Healthcare Industry Statistics and Trends
The United States healthcare industry spends $2.914 trillion in national healthcare expenditures. This is estimated to continually increase to over $3.45 trillion in 2016. With an aging baby boomer population, services expenditures are expected to continually increase meeting growing healthcare demands. The following statistics and trends are of the current outlook of the healthcare industry as according to the Center of Disease Control and Prevention and American Hospital Association.
Healthcare Industry Revenue
1. Total Revenue – $1.668 trillion
2. Number of healthcare companies in the US – 784,626
3. Total healthcare employees in the US – 16,792,074
4. Average healthcare employee salary – $39,400
Healthcare Service Revenue Statistics
1. Patient Care – $1.068 trillion or 64%
2. Inpatient Skilled Nursing Services and Rehabilitation – $74.8 billion or 4.49%
3. Dental Non-Surgical Intervention Services – $49.6 billion or 2.98%
4. Contributions, Gifts, and Grants by the Government – $44.9 billion or 2.69%
5. Appropriations from General Government – $40.2 billion or 2.42%
6. Other – $389 billion or 23.36%
National Healthcare Expenditures by Type
1. Hospital Care – $929 billion
2. Physician and Clinical Services – $588.8 billion
3. Dental Services – $116.6 billion
4. Nursing Home and Home Health Care – $238.6 billion
5. Prescription Drugs – $262.3 billion
6. Research, Structure, and Equipment Investments – $161.5 billion
7. Total Health Care Industry Employment – $14.3 million
Healthcare Trends with Obamacare
A discussion over the conflict and negotiations for delaying obamacare for one year and what that would mean for citizens.
1. Obesity of adults 20 and older – 28.7%
2. Diabetes of adults 18 and older – 9.1%
3. Diabetes of adults 65 and older – 20%
1. Number of Registered Hospitals – 5,724
2. Staffed Beds in all US Registered Hospitals – 924,333
3. Admissions in all US Registered Hospitals – 36,564,886
Top 5 States with Most Healthcare Companies
3. New York
Healthcare Industry Sub Sectors
The sub sectors of the healthcare industry and estimated revenue sources.
1. Academic Medical Centers – $20 billion in annual funding
2. Nursing and Residential Care Facilities – $190 billion
3. In patient Care – $809 billion
4. Ambulatory Care – $750 billion
Medical Technology Industry
This sector produces a market value exceeding $110 billion and representing almost 40% of the total medical technologies industry which has a value of $44.2 billion. These sub sectors are considered to listed as the following.
- Electro-Medical Equipment
- Irradiation Apparatuses
- Surgical and Medical Instruments
- Surgical Appliances and Supplies
- Dental Equipment and Supplies
Healthcare Industry and Social Media
The healthcare industry has even made its way to social media with the following healthcare trends.
1. 40% of consumers use social media as a means of dealing with their health.
2. 18 to 24 year old are twice as likely to use social media for health related discussions.
3. 90% of respondents between the ages 18-24 trust medical information shared on social media networks.
4. 31% of health care organizations have specific social media guidelines in writing.
5. 19% of smartphone owners have at least one health app on their phone.
6. 54% of patients are comfortable with providers seeking advice from online communities to better treat their conditions.
7. 31% of healthcare professionals use social media for professional networking.
8. 41% of patients say social media impacts their choice for a specific hospital or doctor.
9. 30% of adults are likely to share information about their health on social media.
10. 26% of all hospitals in the United States participate in social media.
Medical Device Industry
The following infographic takes a look at the medical device industry and healthcare. The average American spends approximately $9,000 per year for medical. The top three fields for conditions are diabetes, obesity, and hypertension.