Health care

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1、Theworldinfigures:IndustriesHealthcareNov18th2013 

2、FromTheWorldIn2014printedition··Health-carecompaniesareunderever-greaterstress.Parsimoniousgovernmentsandhealthinsurersaretryingtocontainrisingcostsaspopulationsage.Althoughhealth-carespendingwillincrease,it

3、willfallbackslightlyasashareofglobalGDPin2014.OutlaysinsluggishwesternEuropewillrisebyjust0.7%innominalterms,hurtingproducersofeverythingfrompacemakerstopills.TheJapanesemarketwillbesicklierstill,contractingby2%despiteanageingpopulation’sgrowingneedforcare.L

4、atinAmericaandtheMiddleEastandAsiaandAustralasiawillbetheliveliestmarketswherepharmaceuticalsaleswillriseby9%.Relatedtopics·MiddleEast·LatinAmerica·UnitedStates·Health-carefunding·BiotechnologyindustryGovernmentswillholdpharmaceuticalcompaniesstrictlytoaccou

5、ntformedicinepricing,evenascompetitionintensifiesaftertheexpiryofpatentsonaslewofsuccessfuldrugs.Thesepressureswillextendtoemergingmarkets,wherecompaniesarelookingforgrowth.Tocounterthis,manyfirmsarecuttingcosts—morelayoffsawait—andconcentratingresearchspend

6、ingonthemostpromisingareas.Theywillworkmorewithothercompaniestospreadtherisksofdevelopingnewdrugs(pharmacompaniesinvest15-20%ofsalesinnewproducts).Manyare“biological”medicinesratherthantraditional,chemical-basedtablets.Innovativefirmsfocusedonbiotechnologywi

7、lldobest.Thanksinparttoincreasinglyexpensivenewproductsandemerging-marketmomentum,globalpharmaceuticalsaleswillriseby9%in2014.Towatch: Shotinthearm.InAmerica,manyfeaturesofthePatientProtectionandAffordableCareActof2010,betterknownasObamacare,willtakeeffecton

8、January1st.Insurerswillbebarredfromdiscriminatingagainstthosewithpre-existingconditions,whiletheuninsuredmustbuycoveragelesttheybefined.Online“exchanges”willhelpthepreviouslyuninsuredtocomparepolicies.Ascoveragespreadsandpoliticiansfailtoreininpublicmedicalc

9、osts,Americanhealthspendingwillpass$3trn.FromTheWorldIn2014printedition