INDUSTRY TRENDS: BY THE NUMBERS
2,314
Compiled by Cari Kraft, Jacobs Management Group, Inc.
EXABYTES
Amount of healthcare data estimated to be generated in 2020 Only 153 exabytes (one exabyte = one billion gigabytes) were produced in 2013. The growth of this data is predicted to be at least 48 percent annually. Source: Stanford Medicine 2017 Health Trends Report: Harnessing the Power of Data in Health.
$105B
U.S. brand sales expected to face generic or biosimilar competition Ninety percent of all prescriptions in the U.S. are filled with generics today. A report by industry association PhRMA suggests that $105B of brand sales will face generic or biosimilar competition by 2022. Source: PhRMA, 2018 Profile: Biopharmaceutical Research Industry
$800 Projected U.S. per-person spending on medicines through 2022 Per capita spending on medicines is expected to decline by end of 2018 and stay steady at about $800 per capita through 2022. Figure is adjusted for population growth, rising GDP, and estimates of manufacturer revenue. Source: IQVIA Institute for Human Data Science, 2018 and Beyond: Outlook and Turning Points, March 2018 61 | HS&M JANUARY/FEBRUARY 2019
12.2%
Percent of Americans uninsured as of 4Q 2017 This figure is down from 16% in 2010, but up from the low of 10.9% in Q3 2016. SOURCE: Gallup-Sharecare Wellbeing Index
