Wednesday, March 19, 2014
The Re-imagination of Healthcare
Diagnostics and prediction usurp primary dollars from therapeutics: Services become paramount rather than product per se
The healthcare industry has primarily focused on treatment. For example, according to Frost & Sullivan research, in 2012, the segment of global healthcare expenditure on treatment was 60 percent, compared to only 20 percent of revenue attributed to diagnostics. By 2025, the forecast shows therapeutics will decline to approximately 35 percent of total global spending while diagnostics and prediction will increase to 28 percent and 22 percent cumulatively.
To read full article, click here.
Source: Reenita Daas (www.forbes.com)
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