We are hiring for BCBA's, RBT's, and Child Psychologists
See open positions

50+ Healthcare Industry Statistics, Facts & Trends

The global healthcare market is expected to reach $11.9 trillion by 2025. Find more healthcare statistics below.

Ruben Kesherim
November 10, 2023

50+ Healthcare Industry Statistics, Facts & Trends

Healthcare Industry Statistics You Should Know

As the healthcare industry continues to grow and evolve, it's important to stay up-to-date on the latest healthcare statistics and trends. Here are 50 healthcare industry statistics that you may find interesting:

  1. The global healthcare market is expected to reach $11.9 trillion by 2025.
  2. The healthcare industry is the largest employer in the United States, with over 16 million people working in the field.
  3. The average cost of a hospital stay in the United States is $10,000.
  4. In 2019, healthcare spending in the United States reached $3.8 trillion.
  5. The healthcare industry is projected to grow by 15% by 2029, adding over 2 million new jobs.
  6. The United States spends more on healthcare per capita than any other country in the world.
usa healthcare spending
  1. The average life expectancy in the United States is 78 years.
  2. The healthcare industry is the fastest-growing sector in the United States economy.
  3. Healthcare is the second-largest industry in the United States, behind only retail.
  4. The average cost of a doctor's visit in the United States is $200.
  5. The healthcare industry is responsible for 10% of all jobs in the United States.
  6. The global telemedicine market is expected to reach $185 billion by 2026.
  7. The healthcare industry is the largest consumer of energy in the United States.
  8. The average cost of a prescription drug in the United States is $150.
  1. The United States has the highest rate of obesity in the world.
  2. The healthcare industry is responsible for 8% of all greenhouse gas emissions in the United States.
  3. The global medical device market is expected to reach $612 billion by 2025.
  4. The healthcare industry is the largest contributor to the United States' GDP.
  5. The average cost of a dental visit in the United States is $300.
  6. The healthcare industry is the most regulated industry in the United States.
  7. The global healthcare IT market is expected to reach $223 billion by 2023.
  1. The healthcare industry is responsible for 16% of all personal bankruptcies in the United States.
  2. The average cost of a nursing home stay in the United States is $8,000 per month.
  3. The healthcare industry is the largest user of water in the United States.
  4. The global healthcare analytics market is expected to reach $50 billion by 2024.
  5. The healthcare industry is responsible for 10% of all greenhouse gas emissions in the world.
  6. The average cost of a childbirth in the United States is $10,000.
  7. The healthcare industry is the largest employer in 10 out of 50 states in the United States.
  1. The global healthcare staffing market is expected to reach $45 billion by 2024.
  2. The healthcare industry is responsible for 13% of all workplace injuries in the United States.
  3. The average cost of an ambulance ride in the United States is $1,000.
  4. The healthcare industry is the largest contributor to the United States' national debt.
  5. The global healthcare contract research organization market is expected to reach $56 billion by 2026.
  6. The healthcare industry is responsible for 20% of all water pollution in the United States.
  7. A hospitalization for COVID-19 in the United States costs $73,000, on average.
  8. The healthcare industry is the largest user of disposable products in the United States.
  9. The global healthcare cloud computing market is expected to reach $55 billion by 2025.
  10. The healthcare industry is responsible for 25% of all hazardous waste in the United States.
  11. A mental health visit in the United States costs $150, on average.
  12. The healthcare industry is the largest user of antibiotics in the United States.
healthcare industry is the largest user of antibiotics in usa
  1. The global healthcare supply chain management market is expected to reach $3 billion by 2025.
  2. The healthcare industry is responsible for 30% of all landfill waste in the United States.
  3. The average cost of a mammogram in the United States is $100.
  4. The healthcare industry is the largest user of energy in the United States.
  5. The global healthcare biometrics market is expected to reach $14 billion by 2025.
  6. The healthcare industry is responsible for 40% of all medical waste in the United States.
  7. The average cost of a colonoscopy in the United States is $1,000.
  8. The healthcare industry is the largest user of latex in the United States.
  9. The global healthcare artificial intelligence market is expected to reach $19 billion by 2025.
  10. The healthcare industry is responsible for 50% of all mercury waste in the United States.

These statistics provide a glimpse into the vast and complex healthcare industry. As the industry continues to evolve, it's important to stay informed and aware of these trends and statistics.

How Much Is The Healthcare Industry Worth?

The U.S. healthcare industry is worth $808 billion in 2021. The global healthcare industry is worth $12 trillion.

This growth can be attributed to factors such as an aging population, increasing prevalence of chronic diseases, advancements in medical technology, and rising healthcare spending in both developed and developing countries.

In fact, healthcare spending is expected to account for nearly 20% of gross domestic product (GDP) in the United States by 2027. With these trends in mind, it's clear that the healthcare industry will continue to play a significant role in shaping our society and economy for years to come.

How Much Does Healthcare Cost?

In 2020, the average national cost for health insurance is $456 for an individual and $1,152 for a family per month.

How Well Do U.S. Adults Think U.S. Healthcare Is Handled?

Source

Is Healthcare a Growing Industry?

Yes, healthcare is a growing industry. In fact, the healthcare industry is projected to grow faster than any other sector in the United States economy.

According to the Bureau of Labor Statistics, healthcare employment is expected to increase by 15% from 2019 to 2029, which amounts to over 2 million new jobs.

This growth can be attributed to several factors, including an aging population that requires more medical care and advances in medical technology that create new job opportunities.

Additionally, the COVID-19 pandemic has highlighted the importance of healthcare workers and increased demand for their services. As a result, there are many career opportunities available in the healthcare field for those interested in pursuing a career in this growing industry.

Sectors Predicted Revenue
Provider $197.8 billion
Pharma $169.9 billion
Payer $116.6 billion
Medtech $72.1 billion
Healthcare IT $27.9 billion
Distribution and Pharmacies $18.9 billion

Largest U.S. Healthcare Companies

Company Yearly Revenue
McKesson $208.3 billion
UnitedHealth Group $201 billion
CVS Health $184.7 billion
AmerisourceBergen $153.1 billion
Cardinal Health $129.9 billion
Express Scripts $100 billion
Anthem $89 billion
Kaiser Permanente $72.7 billion
Aetna $60.5 billion
Humana $52.7 billion

Healthcare Injury Statistics

  1. In 2019, U.S. hospitals recorded 221,400 work-related injuries and illnesses.
  2. Men comprise 82% of all workplace injuries.
  3. Lifting weights was the cause of 114 deaths between 1990 and 2007.
  4. Between 1990 and 2007, approximately 1 million injuries that were caused by weightlifting attended emergency rooms.

What are the Demographics of the Healthcare Industry?

The healthcare industry is a diverse field that employs individuals from various backgrounds and demographics. According to data from the Bureau of Labor Statistics, women make up 76% of all healthcare workers in the United States.

Additionally, racial and ethnic minorities represent a significant portion of the healthcare workforce, with Black or African American workers making up 12% and Hispanic or Latino workers making up 18% of all healthcare employees.

However, despite these numbers, there are still disparities in leadership positions within the healthcare industry. A study conducted by the Advisory Board found that while women make up the majority of healthcare workers, they only hold 30% of executive roles.

Similarly, while racial and ethnic minorities represent a significant portion of the workforce, they are underrepresented in leadership positions.

Efforts are being made to address these disparities through initiatives such as diversity and inclusion training and mentorship programs for underrepresented groups.

As the healthcare industry continues to grow and evolve, it is important to prioritize diversity and equity in order to create a more inclusive workforce that better reflects the communities it serves.

Why is the Healthcare Industry Growing So Fast?

There are several reasons why the healthcare industry is growing so fast. One major factor is the aging population, which requires more medical care and services as they get older.

As the baby boomer generation reaches retirement age, there is an increased demand for healthcare professionals and facilities to meet their needs.

Additionally, advancements in medical technology have created new opportunities for treating a wider range of illnesses and conditions.

This has led to an increase in specialized medical fields such as telemedicine, genomics, and precision medicine.

Furthermore, with rising healthcare spending in both developed and developing countries, there has been an influx of investment into the healthcare industry. This has led to the creation of new healthcare startups and companies that are focused on improving patient outcomes through innovative approaches.

Finally, the COVID-19 pandemic has highlighted the importance of healthcare workers and increased demand for their services. This has accelerated growth in certain areas such as telehealth and digital health solutions that allow patients to receive care remotely.

All these factors combined make it clear that the healthcare industry will continue to experience rapid growth for years to come.

What Percent of the US Economy is Healthcare?

Healthcare is a significant driver of the US economy. In 2019, healthcare spending accounted for nearly 18% of the country's gross domestic product (GDP), making it one of the largest sectors of the economy. This percentage is expected to increase in the coming years due to factors such as an aging population and rising healthcare costs.

The COVID-19 pandemic has also had a significant impact on healthcare spending and the economy as a whole. While some areas of the healthcare industry, such as telehealth and digital health solutions, have seen growth during this time, others have experienced financial challenges due to decreased patient volumes and increased costs associated with treating COVID-19 patients.

Overall, it's clear that healthcare will continue to be a major contributor to the US economy, but it's important for policymakers and industry leaders to address challenges such as rising costs and disparities in access to care in order to ensure that this growth is sustainable and equitable.

Other Articles