December 07, 2010 11:08 ET

US Healthcare Spending Expected to Grow 5% Annually Through 2013

ROCKVILLE, MD--(Marketwire - December 7, 2010) - has announced the addition of RNCOS's new report, "US Healthcare Sector Forecast to 2012," to their collection of Insurance & Managed Care market reports. For more information, visit

The US represents the world's largest healthcare market, with an annual spending of around US$ 2.34 Trillion in 2008. Growth in annual spending was mainly driven by increasing use of patent drugs, high administrative costs, and expensive hospital care. The market holds a great potential with several segments still remaining untapped, indicating towards immense opportunities for the industry players to expand their operations.

According to the new report, "US Healthcare Sector Forecast to 2012," the US healthcare spending is expected to grow at a CAGR of around 5% during 2010-2013.

The report studies the US healthcare market by segregating it into five major segments -- Hospital care, Pharmaceutical market, Medical device market, Healthcare IT market, and Healthcare Insurance market. Each of these segments has been extensively covered in the report, providing in-depth analysis of the current and future market trends. Besides, the report presents elaborate details of the country's healthcare regulatory environment.

With the increasing prevalence of chronic diseases (such as diabetes and cancer) and proposed changes in the reimbursement process, the country will see strong demand for hospitals and hospital beds during the next few years. In this regard, "US Healthcare Sector Forecast to 2012" provides comprehensive information regarding the number of hospital beds that will be required to meet the rising demand for hospital services.

In the pharmaceutical market, generics will register robust growth rate during the next few years on the back of government's efforts aimed at reducing healthcare spending in the country. The medical device market is also expected to witness strong growth during the forecast period due to the latest technological advancements that will make treatment and diagnosis simpler and effective.

For more information, visit

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