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trends & forecast
  • Compare your healthcare business to the National Ratios for Health care and Social Assistance businesses.
 
 
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health care and wellness Industry
(NAICS 62).

The Health Care and Social Assistance NAICS sector comprises establishments providing health care and social assistance for individuals. The sector includes both health care and social assistance because it is sometimes difficult to distinguish between the boundaries of these two activities. (http://www.bea.gov).  

We expect he healthcare industry to continue to see double digit growth year after year as more baby boomers continue to retire.

 "According to Census estimates, there were about 35 million Americans over the age of 65 in 2000; due to the influx of “baby boomers” and an anticipated increase in overall life expectancy, by 2020 there will be more than 54 million people 65 and older, and more than 86 million by 2050.1"

"The aging population is already influencing the future direction of the medical device industry due to their changing health needs and an accompanying shift in thinking on how and where seniors will be treated. Baby boomers are living longer lives than previous generations, requiring more sophisticated and longer-term healthcare. This has driven the need for advanced medical electronic devices2 and raised expectations that new technologies will enhance the quality and length of patients’ lives as they get older. As the U.S. population ages, and pressures to contain costs increase, expensive hospital stays will be discouraged, and health care will be increasingly delivered in alternative settings, such as nursing homes, hospices, and, especially, the patient’s own home."

1 See footnotes page1 of medical equipment industry report
2 See footnotes page1 of medical equipment industry report

Read the entire medical equipment industry report here!

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Last modified: July 25, 2010