Thursday, December 28, 2006
Megatrend #3: Healthcare will continue to grow
As the world population continues to increase in age and lifespan, healthcare will continue to grow and be an increasing share of the world economy. Drug spending is rising at double digits per year. Companies that specialize in acute care and homecare are continuing to grow and the need for physicians in the US continues to outpace demand. Surgery for hips, knees, backs, and hearts are also rising as an aging population demands to be as active as when they were younger. Cosmetic surgery is also in high demand as the old insist on looking and feeling much younger. Billions are being spent currently on genetic and stem cell research for future drugs as well. Healthcare is continuing to be a growing part of the global economy.
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