INDUSTRY TRENDS: BY THE NUMBERS Compiled by Cari Kraft, Jacobs Management Group, Inc.
$800M—$1.2B
Typical cost of a clinical trial The cost of clinical trials continues to climb, while the success rate of getting approval for a new medication is only around 12%. Source: Research and Markets, Global Clinical Trial Management System (CTMS) Market 2017-2021
$102.43B Expected value of mHealth market in 2022 The mHealth market size is anticipated to grow at a CAGR of 32.5% from now to 2022, reaching over $102B. Source: Zion Market Research, “mHealth Market by Devices, by Stakeholder, by Service, by Therapeutics, and by Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014-2022”
37 | HS&M DECEMBER 2017/JANUARY 2018
41
%
Women holding leadership positions in healthcare The healthcare industry leads all others in the advance of women in leadership positions, although women are 60% of the workforce, and represent over 50% of graduates in related studies. Still, women in all STEM fields are less represented across other industries Source: Source: LinkedIn, “The Lack of Female Representation in STEM Starts Early, And That Needs to Change”
2X Increase in chances of Type 2 diabetic patients getting heart disease Type 2 diabetes patients are more than twice as likely as the general population to get cardiovascular disease, and may live seven to eight years less. Making the situation worse, less than half of people with diabetes are aware of it. Source: CMS (Centers for Medicare/Medicaid Services), Office of Enterprise Data & Analytics, January 2017
