Healthcare:
An industry getting well.
- An aging, longer-living population drives demand.
- The post-pandemic resurgence will accelerate competition.
- Providers have new opportunities in a consumer-driven marketplace.
Industry snapshot
$6.2T
Market
The amount national health expenditure (NHE) expected by 2028
(Source: CMS)
$17,600+
Spending
Projected per-capita NHE by 2028, an increase of approximately 50% over 2018
(Source: CMS)
20%
Share
Pre-pandemic estimate of NHE as a percentage of GDP by 2028
(Source: CMS)
Projected 10-year growth in US healthcare using population
Projected 10-year growth in US national healthcare expenditure (NHE)
Fast but incomplete employment recovery.
Healthcare bounced back relatively quickly during the pandemic, but employment growth has stalled.
Demand for non-acute care snaps back.
Ambulatory services revenue declined 15% YOY in Q2 2020, but has mostly returned to trend.
Healthcare employment trend Jan 2017- Sep 2021
Source: Bureau of Labor Statistics
Hospital & ambulatory healthcare services revenue 2017-2021
Source: US Census Bureau, Quarterly Services Survey
