U.S. Healthcare Expenditures To Reach $4.3T In 2021

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.

Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:

• total historical market size and industry output
• segmentation by products and markets
• identification of market drivers, constraints, and key indicators
• segment-by-segment outlook in five-year forecasts
• a survey of the supply base
• suggested resources for further study

Press Contact:
Corinne Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-healthcare-expenditures-to-reach-43-trillion-in-2021-300483409.html

SOURCE The Freedonia Group