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Americas Healthcare Market Report 2017 

Americas Healthcare Market Report 2017 

  • February 2017
  • 125 pages
  • ID: 4773234
  • Format: PDF
  • The Business Research Company

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Healthcare spending in North America has been on the rise due to a range of initiatives taken by government in different parts of the region such as national level insurance coverage in the USA. The Patient
Protection and Affordable Care Act (PPACA), commonly called the Affordable Care Act (ACA) was signed as a law by President Obama in 2010 to improve the quality and affordability of health insurance in the country. This law focused on reducing the costs of healthcare for individuals and the government. But, this law is expected to be repealed by the newly elected government in 2017.

The term healthcare refers to diagnosis, treatment, and prevention of disease or illness, and other physical and mental impairments in humans and animals. The healthcare market provides products and services to treat patients with curative, preventive, rehabilitative or palliative care.

The market for healthcare in Latin America has been evolving. The rise in income in some parts of the region have also resulted in more demand for quality healthcare services. The governments and private sector players have also increased their spending in the healthcare sector.

According to the IMF, The Americas’ total GDP was $25 trillion in 2014 accounting for 32.3% in $77.3 trillion global GDP.

Major trend observed in the healthcare market was digitalization of medical records. Digitalization of information related to patients including their medical history, diagnoses, medications, treatment plans, immunization dates, allergies, radiology images, and laboratory and test results is being made possible with Electronic Health Records (EHRs). EHRs increase patient participation, and improve diagnostic and treatment outcomes.

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