US Healthcare Expenditures to Reach $4.3 Trillion in 2021

Advances will be driven by continued growth in consumer incomes and government funding

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Jul 05, 2017, 10:32 ET

CLEVELAND, July 5, 2017 /PRNewswire/ -- US healthcare expenditures are forecast to reach $4.3 trillion in 2021, according to Healthcare: United States, a report recently released by Freedonia Focus Reports. Providers of healthcare services and products are expected to benefit from continued growth in consumer incomes, government funding, and a projected rise in the number of acute and chronic conditions, itself driven by above-average advances in the 45-years-and-older cohort of the population. Faster gains in value terms will be limited by efforts to curb growth in healthcare costs.

Notably, spending for home healthcare services is projected to exhibit the most rapid growth among discrete expenditure segments to 2021. The lower costs associated with home healthcare services relative to nursing homes and the desire of many persons to remain in their homes are expected to drive spending. In addition, the growing elderly population is projected to boost demand.

These and other key insights are featured in Healthcare: United States. This report forecasts US healthcare expenditures and funding in US dollars to 2021. Healthcare expenditures are segmented by type in terms of:

hospital
physician and clinical
dental
other professional providers
nursing and continuing care facilities
home healthcare
other providers such as worksites and schools
medical product retail sales
nonpersonal

Healthcare expenditures are segmented by type in terms of:

private healthcare insurance
Medicare
Medicaid
out-of-pocket
healthcare investment
other healthcare insurance programs, other third-party payers and programs, and public health activity

To illustrate historical trends, total healthcare expenditures, total funding, and the various segments are provided in annual series from 2006 to 2016.

More information about the report is available at

https://www.freedoniafocusreports.com/Healthcare-United-States-FF40017/

About Freedonia Focus Reports

Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Healthcare & Biotechnology reports can be purchased at Freedonia Focus Reports or MarketResearch.com.

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