There is a growing need for healthcare products and services worldwide. The world population is projected to increase by at least another two to three billion by the end of the century. All will seek access to high quality, affordable healthcare.
Incomes throughout most of the world are rising, particularly in China, India, Indonesia, Latin American, and in many African countries. After food and housing, people choose to spend their disposable income on health. The world population is aging. The birth rate is below the replacement rate in most high income countries, raising questions of how to support the economic consequences of demographic change. Life expectancies have also increased significantly in most countries.
Older patients consume more health services than do younger patients. The care required for the elderly is often for multiple chronic conditions requiring long term rather than acute care. The housing, hospital, and caregiver needs of the elderly are substantial. Fewer young people must support an increasing number of the elderly, placing a financial strain on individuals and societies.
This report explores the growing demand for health services for the young and old and healthcare opportunities on the horizon. Healthcare systems around the world need to reform how the fundamental services are delivered.