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Industry Trends: By The Numbers
Compiled by Cari Kraft, Jacobs Management Group, Inc.
$15-17B/YR
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Anticipated product growth per year from 2018-2021
New product growth in pharmaceuticals is expected to be between $15-17B per year in 2018-2021, after only $9B in 2017, primarily because of an unusually low number of new medicines launched in 2016. Source: Medicines Use and Spending in the U.S., Outlook to 2021, IQVIA Institute for Human Data Science, May 2017
27%
50M
Number of patients who will be monitored remotely by 2021
The number of patients monitored remotely is expected to reach 50 million in the next couple of years, while the global market for remote patient monitoring devices is expected to reach US$1.9 billion by 2025. Source: mHealth and Home Monitoring, Berg Insight, 2017
Voters who indicate that healthcare is their most important issue
Politicians don’t seem to be in synch with voters on some issues. Healthcare was noted as the most important topic by 27% of voters—the largest category—yet immigration was what 58% reported they were hearing most about from candidates. Source: Kaiser Family Foundation Election Tracking Poll, September 19-October 2, 2018
32 32 out of 35 $1B + deals focused on immuno-oncology In the last five years, there were 35 licensing, XxxÈzXÁç joint venture and research-only deals in excess of $1B. Of these, 32 were focused on immunoç È«ÁJnXz0R0«0 oncology, indicating the dominance of that sector in medical exploration. Source: Biopharma Dealmakers, March 2018 60
Mechanisms of action against cancer in development
There are 60 mechanisms of action to fight cancer in the early stage immunotherapy pipeline currently, as compared with only four in the late stage pipeline. Source: Clarivate Analytics Cortellis, April 2018
80%
of physicians are at full capacity or overextended
In a survey of nearly 9,000 American physicians, 80% reported being overextended or nearly so. Most said that record-keeping is their greatest source of dissatisfaction, and that patient relationships are their greatest source of satisfaction. Source: Survey conducted on behalf of The Physicians Foundation by Merritt Hawkins, September 2018