Understanding the US's Regional Healthcare Markets

Keeping abreast of both the global and local medical market, with ever-changing economic climates and dynamic regulatory changes, can be a daunting task. Being able to understand the local operating market is essential now and in the future. Espicom’s country market reports provide in-depth interpretation of the medical device market, competitor analysis and growth forecasts for 5 years, all for over 70 countries worldwide. Alternatively, investigate the bigger picture with the Fact Books and Forecast reports.
×

Sign up to download the Understanding the US's Regional Healthcare Markets

By submitting this form you are acknowledging that you have read and understood our Privacy Policy.

Thank you for your interest

You will shortly receive your free executive summary by email.

Understanding the US's Regional Healthcare Markets
Product Price
$935.00

BMI View: Huge vari ations in healthcare spending, infrastructure and personnel across the US states present both opportunities and challenges for providers of medical services and equipment. While the key states of New York, Texas, Illinois and California have the highest absolute spending in their respective regions of Northeast, South, Midwest and West, none of them are the highest spenders in per capita terms (which are Massachusetts, Washington DC, North Dakota and Alaska).

Key Forecasts By Region

Northeast: The region consists of nine states and is the least populous region in the US, with a population of 56,284,000 in 2014 (17.5% of the total population). In 2015, regional healthcare spending reached a value of USD586.9bn, with hospital care spending reaching a value of USD224.9bn. We forecast that by 2020, regional healthcare spending will increase to USD751.9bn, with hospital care spending rising to USD301.9bn. In 2015, New York was the highest spending state, while Vermont was the lowest spending.

South: The region is composed of seventeen states and is the most populous in the US, with a population of 121,183,000 in 2015 (37.7% of the total population). In 2015, regional healthcare spending reached a value of USD1,022bn, with hospital care spending reaching a value of USD366bn. We forecast that by 2020, regional healthcare spending will increase to USD1,343bn, with hospital care spending rising to USD490bn. In 2015, Texas was the highest spending state, while Washington DC (formally known as the District of Columbia) was the lowest spending.

Midwest: The region consists of twelve states and the population accounts for 21.0% of the total US population - 67,907,000 in 2015. In 2015, regional healthcare spending reached a value of USD622.8bn, with hospital care spending reaching a value of USD270.6bn. We forecast that by 2020, regional healthcare spending will increase to USD793.24bn, with hospital care spending rising to USD378.9bn. In 2015, Illinois was the highest spending state, while North Dakota was the lowest spending state.

West: The region consists of thirteen states and is the second most populous region in the US, with a population of 76,045,000 in 2015 - accounting for just under a quarter (23.7%) of the country's population. In 2015, regional healthcare spending reached a value of USD661.0bn, with hospital care spending reaching a value of USD213.8bn. We forecast that by 2020, regional healthcare spending will increase to USD930.4bn, with hospital care spending rising to USD291.1bn. In 2015, California was the highest spending state, while Wyoming was the lowest spending state.

Espicom’s Understanding the US's Regional Healthcare Markets Report allows you to explore United States’s regional markets by giving you a practical evaluation of opportunity and risk at the under-appreciated sub-national level.

Rich in statistics, charts and maps, this is the one report you need to fully appreciate the United States’s diverse regional health environments in the context of neighbouring provinces/states/territories and the national picture.

Written in association with Business Monitor International, this unique report uses data sourced in-house, providing analysis and forecasts from our experts covering key areas such as:

  • Healthcare Expenditure
  • Healthcare Facilities
  • Healthcare Personnel
  • Demographics
  • Economic Activity

Published by Espicom - experts in the pharmaceutical, medical devices and healthcare field for over 30 years, Espicom’s Understanding the US's Regional Healthcare Markets Report brings together a range of often difficult to source information in one single, convenient and comprehensive publication.