Market Analysis - Journal of Public Health Policy and Planning (2019) Volume 3, Issue 4
International Conference on Medical and Health Sciences-Market Analysis
Fakih Medical Center, UAE E-mail: [email protected]
The global healthcare system is in a continous state of transformation. Emerging trends in the healthcare sector are all set to leverage the benefits of technologies like three-dimensional imaging, artificial intelligence, and healthcare IT to enhance care delivery, and reduce healthcare expenses. Global health care expenditures are expected to increase from 2.4% to 7.5% between 2015 and 2020 that is equal to the market value of US $7 trillion to the US $8.7 trillion respectively.
The requirement for healthcare is increasing largely. Between 2015-2050, the total worldwide population will grow by 7.3 billion to 9.7 billion. Population growth is currently at 0.8% per annum for 2010 to 2020, faster than any other decade in recent history. This means the need of medicine and healthcare is also going up. The healthcare system should be ready to face this demand. The global market for medical imaging instruments should grow from $32.6 billion in 2017 to $42.1 billion by 2022 at a CAGR of 5.3% for the period of 2017-2022. This is a promising factor as medical diagnosis is based majorly on imaging techniques.
A growing market phase is demanding unscheduled access to primary care services inconsiderately of health system or pre-existing physician relationship. This population phase has given rise to a replacement set of "on demand" primary provision channels. These on demand delivery channels have robust growth projections (ranging from 6.5 to thirty four p.c annually) over future many years making a chance or threat for the standard medical aid suppliers and therefore the health systems. Medical Science 2020 is an event planned for aid specialists to support the dissemination and utilization of analysis disclosures on health care. The Theme of the meeting is "Comprehensive Forum for Furtherance of Health and Medicine". The gathering invitations speakers from social healthcare Universities, clinical analysis associations, informative associations and aid ventures to share their investigation experiences on all elements of this speedily developing field and thus, giving a boast of the most recent healthcare Techniques.
As per estimates, the care market is projected to grow at 12.0% p.a. to US$ 69.4 billion by 2018 from associate degree calculable US$ 39.4 billion in 2013. patient and patient markets are expected to account for seventy nine and twenty first, severally, of the market size. UK is projected to stay the most important GCC market. UK are expected to be the quickest growing markets; going forward. The demand for variety of hospital beds is predicted to be one hundred fifteen, 544 in 2018, associate degree addition of eleven,241 beds from 2013, that is in line with the expected offer gazing the amount of comes within the pipeline. The medical education market is about to boom within the close to future thanks to major advances created within the field of life science, the billowing incidence of chronic sicknesses, increased incidences of various kinds of cancer, technological innovations, and additionally the frequent introduction of recent courses.
The IMF estimates that the region‘s population would cross the fifty million mark by 2020, providing impetus to the consumption of care services. Rising financial gain levels and inactive lifestyles have semiconductor diode to a better prevalence of obesity and polygenic disease resulting in a requirement for specialised care services. GCC population within the cohort of sixty five and on top of is predicted to surge from 1.2 million in 2015 to 14.2 million in 2050, driving demand for care services. Also, infant death-rate within the GCC improved from 110 per 10,000 live births in 2000 to seventy eight in 2012. whereas growth within the region‘s payment outpaces the expansion within the international market, the insurance penetration remains one in all the lowest within the world.
When we move forward to care and therapy, the global market for elder care technologies should grow from $5.7 billion in 2017 to $13.6 billion by 2022 at a compound annual growth rate (CAGR) of 19.2% from 2017 through 2022. Chronic disease management comprises a defined set of interventions mainly aimed at providing high-quality healthcare and a better quality of life to patients. The growing invasion of chronic diseases along with the increasing awareness about the consequences of life-threatening diseases is estimated to drive the global chronic disease management market growth in the future. Chronic diseases, such as cardiovascular disorder, cancer, and neurological disorder, are creating the demand for solutions that can deliver the services to improve patient health at a relatively lower and affordable cost.
About 17.5 million people died from cardiovascular disorders in 2015, i.e., 31% of all the global deaths.The chronic disease management market is divided into arthritis, cardiovascular disease, cancer, and diabetes. Cardiovascular diseases held the largest market share in 2017.
✓ North America is anticipated to dominate the chronic disease management market globally over the forecast time period.
✓ Europe is another prominent region in the chronic disease management market.
✓ The Asia Pacific is anticipated to demonstrate the fastest growth rate in the chronic disease management market over the forecast timeframe, owing to the region’s thriving healthcare industry due to a large population base, especially in India, China, and Japan.
✓ The Middle Eastern and African region is dealing with resource constraint issues in the healthcare industry and might find it difficult to implement chronic disease management services properly, thereby showing slow growth in this market in the future.
List of few Healthcare associations in World:
World Medical Association
Medical Technology Association
Australian Healthcare & hospitals association
Alberta Medical Association
European Medical student’s Association
National Medical Association
American Medical Association
The International Association of Healthcare Professionals
International Federation of Medical Students Associations
Medical & Health Science Universities around the Globe:
Johns Hopkins University
Mc Gill University
University of Kentucky
University College Dublin
University of South Florida
New Castle University
The University of Edinburgh
George Town University
Oklahoma State University
The College of Health Care Professions
Oregon Health & Science University
University of Bristol
Queen Mary College of London
Imperial College London
University of Sydney
University of Melbourne
University of Queensland
Annette Grace | Program Director
Email: [email protected]
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