The booming healthcare market, which is expected to account for nearly one-fifth of U.S. GDP by 2019, is driving a surge of activity from companies looking for growth opportunities. PwC’s research also found that, despite the sluggish economy, healthcare is creating new companies, jobs and markets for both traditional health organizations and new entrants from such industries as technology, telecommunications and retail.
Other PwC findings include the following:
· Of the Fortune 500 companies that have a stake in the healthcare industry, 24 percent would be considered traditional healthcare companies, but an estimated 52 percent are entering the healthcare market in non-traditional ways.
· Jobs in healthcare increased 65 percent from 1990-2009, while the rest of the workforce increased only 16 percent over the same time period.
· Consumer demand for convenience and transparency in services and pricing is opening up channels for alternative sources of healthcare services, such as retail health clinics.
Read the news release about the healthcare market.
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