GLOBAL HEALTHCARE OUTLOOK

• LIFE EXPECTANCY AND POPULATION GROWTH
•  50% of the surge in healthcare costs comes from increases in medical services amount.
• The two main drivers of the rise in healthcare spending are "population growth (23%) and population aging (12%).
• CHRONIC DISEASES
• Diabetes is seen to be the main disease that can grately impact healthcare spending.
• Currently, the treatment cost for this disease already reached $44.4 billion out of the $64.4 billion spending increase to deal with this illness.
• Other diseases that currently have the largest spending increases are the following: low-back and neck pain - $57.2 billion; high-blood pressure - $46.6 billion; and high cholesterol - $41.9 billion.
• The greying population, increase in the spread of chronic illnesess, innovations in expensive technology, and others are seen to increase healthcare spending in the future.