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The North America Healthcare Sectors : A Company and Industry Analysis (June 2007)

  • ID: 656130
  • Report
  • June 2007
  • Region: America, North America, United States
  • 32 pages
  • Mergent
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This report updates the previous North American healthcare report, focusing on the markets in Canada and the United States
Current Environment - Key Points
- The US healthcare industry continued to struggle over the last six months with a rise in healthcare costs and health insurance, with millions of Americans still without health cover. - In the second half of 2006 and into 2007, most leading healthcare companies reported favorable quarterly earnings. - Merger and acquisition activity continued to grow in 2007, with many healthcare companies seeking ways to boost financial performance, while improving healthcare services. - In 2007, the Canadian healthcare industry experienced steady growth, with more Canadians demanding reliable, high quality and reasonably priced healthcare. - Most leading healthcare companies reported solid earnings in the second half of 2006, a trend likely to continue in 2007. - The level of merger and acquisition activity in Canada, significantly lower over the past few years, continued to slow in 2007 due to a lack of reserves and a fear of excessive risk-taking.

Industry Profile - Key Points
- The US has the largest healthcare market in the world, with healthcare spending equal to about 15% of gross domestic product (GDP) and 17% of national income. - The healthcare industry is a major generator of jobs, employing 13.5 million people, of whom 13.1 million are wage and salary workers and about 411,000 are self-employed, according to statistics from the Department of Labor. - On December 20, 2006, President Bush signed Public Law 109-432, which includes a financial bonus incentive under the 2007 Physician Voluntary Reporting Program (PVRP), in an effort to inspire pay-for-performance and healthcare quality data collection. - Canadian health spending continues to rise, with Canadian Institute for Health Information figures showing that in 2006 health expenditure totaled C$148 billion (US$139.90 billion), compared with C$131 billion (US$123.83 billion) in 2004. - Healthcare spending in Canada as a share of Canada-s GDP reached 10.3% in 2006, reflecting higher growth in total health expenditure than the growth of GDP. - In the healthcare industry, hospitals continued to have the largest share of healthcare spending, accounting for 29.8% of expenditure in 2006. Market Trends and Outlook - Key Points
- Internet protocol networks are the number one tool for improving the quality and affordability of US healthcare, as they can dependably and securely facilitate both wired and mobile communications among staff, medical devices and information repositories. - US healthcare expenditure is expected to continue to rise in the coming years, outpacing rises in income and imposing further stresses on families, businesses and public budgets. - The US healthcare industry is healthy and is likely to continue to grow in the coming years. - As Canadian healthcare costs continue to rise, healthcare spending among Canadians is set to continue to grow, with the Canadian Institute for Health Information reporting that in 2006 per capita spending totaled C$4,548 (US$4,299.08), an almost 5% increase over 2005, with spending highest for infants and seniors
- The number of obese Canadians has increased dramatically, with the population of obese children growing the fastest. - This year should be a fascinating one for the industry, with new health technologies and advanced research likely to improve health and the overall industry in Canada

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Current Environment - US
- Sector Overview
- Sector Performance
- Leading Companies
- Merger and Acquisition Activities
Current Environment - Canada

- Sector Overview
- Sector Performance
- Leading Companies
- Merger and Acquisition Activities
Industry Profile - US
- Size and Value
- Policy and Regulatory

Environment
- Sector Investment
Industry Profile - Canada
- Size and Value
- Policy and Regulatory

Environment
- Government Investment
Market Trends and Outlook
- US
- The Adoption of Technology in

Healthcare
- Rising Healthcare Spending
- The Burden of Seniors

Healthcare Grows
- The Number of Uninsured

Americans Grows
- Market Outlook
Market Trends and Outlook
- Canada
- Healthcare Costs Continue to

Rise
- Obesity Overburdens Healthcare

System

- The Counting Problem of Wait

Times

- Market Outlook

Currency Conversion Table
The Scope of this Report
Key References
Comparative Data
Reports Coverage

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