Health

[New] A single medical biotechnology product is thought to have generated about $20 billion in revenue in 2018 and the global alopecia market size for medical products is estimated to reach $4.8 billion annually by 2026, for an indication for cosmetic purposes.
[New] The withdrawal of the US from the World Health Organization poses a serious threat to multilateral cooperation to combat the virus, sending the global aid governance system into chaos.
[New] The number of people living with Alzheimer's alone is predicted to treble to 115 million by 2050, posing a real challenge for the health system.
[New] The needs of the U.S. economy go beyond people with Ph.D.'s, pointing to home health aides, nurses and other jobs projected to grow in the coming years.
[New] During the Covid-19 pandemic in 2020 the use of digital technologies has increased significantly, enabling people to access health and care while reducing or avoiding the risk of infection.
[New] By expanding the labor force and increasing productivity, health benefits could be worth $12 trillion in additional annual global GDP in 2040, an 8% uplift to GDP without including additional benefits from future innovations and welfare gains.
[New] World health organization (WHO) has developed the Global technical strategy for malaria under the National framework for malaria elimination in India 2016-2030 to eliminate malaria throughout the entire country by 2030, and maintain malaria-free status and prevent its re-introduction.
The global Augmented Reality (AR) in Healthcare market is expected to grow from USD 651.7 million in 2019 to USD 3,347.3 million by 2024 at a CAGR of 32.9%.
The U.S. accounts for Over 30.1% of Global Virtual Reality (VR) In Healthcare Market Size in 2020, While China is Forecast to Grow at a 29.6% CAGR for the Period of 2020-2027.
As the world grapples with a global emergency caused by the COVID-19 pandemic, the healthcare industry is expected to witness a drop in growth from 5.3% to 0.6% in 2020, with revenues remaining below the $2 trillion mark.
Until a proper vaccine is developed, it will not be possible to conduct the Tokyo 2020 Olympics in 2021 from the health concern of players, organizers, participants, and hosting country Japan's population.
The World Health Organization has previously said it hopes to secure 2 billion coronavirus doses for people in lower-income countries by the end of 2021, including through initiatives like Gavi's.
Spending for health care, especially for older Medicare beneficiaries, will be the single largest source of US federal budget growth over the next 20 years.
To avert the imminent health risks posed by climate change, the World Medical Association and British Medical Association have advocated for the adoption of a target of net zero emissions by 2030.
Taxing individuals with fortunes over $1 million (£785,000) to pay between 2 to 3.5% tax depending on their net wealth in 2020, would allow Latin American governments to raise up to $14.2 billion (£11.6bn) in tax revenue, which could be spent on healthcare and social safety nets.
Many international organisations such as the World Bank, International Monetary Fund and the World Health Organizations forecasted negative economic growth for both developed and developing countries in the year 2020.
The real-time locating systems (RTLS) market for healthcare is expected to grow at a CAGR of 18.3% between 2018 and 2023, to reach USD 2,941.2 million by 2023.
The global population of adults 60 years old or older is expected to double from 841 million to 2 billion by 2050, presenting clear challenges for our health care system.
Asia-Pacific is expected to project fastest growth rate in coming years due to rising economies like India and China and rising medical tourism with increasing awareness amongst young population.
The World Health Organization is warning that malaria-related deaths in sub-Saharan Africa could more than double in 2020 because of disruptions caused by the COVID-19 pandemic.
China, the world second largest economy, is forecast to reach an estimated Virtual Reality (VR) In Healthcare market size of US$ 369.4 Million in the year 2027 trailing a CAGR of 29.6% through 2027.
Many developing economies are at risk of being hit hard by dual health and economic shocks with forecasts suggesting a cost of up to 8% in global GDP in 2020.
Disruption to cancer diagnosis services and people avoiding healthcare because of the COVID-19 pandemic could result in around 3,500 potentially avoidable deaths from the four main cancers in England by 2025.

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Last updated: 14 August 2020