Appendicitis Market Share

Appendicitis Market Share Analysis

Healthcare spending worldwide is going up, and in the last few decades, regions like the Americas and Europe have seen an increase in healthcare costs. In 2015, the US spent a lot on healthcare – about 5.8% more than before, reaching a whopping USD 3.2 trillion. The following year, North America, including Canada, also spent more on healthcare. Canada, in particular, felt the pressure because of more older people needing healthcare. In 2016, the US economy grew by 1.6%, but changes in rules about research and development (R&D) spending happened in 2017. In 2016, the US spent around 527.5 billion on research and development. Health insurance coverage increased because of a law called the Affordable Care Act in 2010, leading to even more spending on healthcare. Additionally, in 2016, healthcare organizations were no longer required to pay a special tax on medical devices, which was part of the Medical Device Excise Tax Act from 2013.

In the UK and Germany, spending on healthcare also went up, but not as much. Western Europe, which includes countries like Germany and the UK, felt the need to save money on healthcare because the economy wasn't growing as much, and there was a lot of economic pressure. In 2014, Germany spent about EUR 321 billion on healthcare, making it the highest spender in Europe. France spent the second-highest, around EUR 237 billion, followed by the UK at EUR 223 billion in the same year. In 2014, Germany, Slovakia, and the Netherlands spent a lot on mandatory healthcare programs and required medical savings. Europe, as a whole, also increased its spending on research and development, with a strong push from the government. In 2017, Europe made up about 20.8% of the total global spending on research and development.

Around the world, the amount of money spent on healthcare is going up. Over the last few decades, places like the Americas and Europe have seen a rise in how much they spend on healthcare. In 2015, the US spent a lot – about 5.8% more than before, reaching a massive USD 3.2 trillion. The next year, North America, including Canada, also spent more on healthcare. Canada felt the pressure because more older people needed healthcare. In 2016, the US economy grew by 1.6%, but there were changes in rules about research and development (R&D) spending in 2017. In 2016, the US spent around 527.5 billion on research and development. More people getting health insurance because of a law called the Affordable Care Act in 2010 led to even more spending on healthcare. Also, in 2016, healthcare organizations didn't have to pay a special tax on medical devices anymore, a rule from the Medical Device Excise Tax Act in 2013.