The world is getting older as life expectancy increases and fertility continues to decline.
Increasing occurence of health issues with greater age, along a lifespan vs. healthspan gap, compound the strain on the American healthcare system.
BASELINE DISEASE BURDEN FORECAST
The likelihood of occurrence of severe diseases (e.g., cancer, cardiovascular diseases) sharply increase with age
BASELINE DISEASE BURDEN FORECAST
Significant efforts have been focused on prolonging our lifespan (2x healthcare spend/capita for 65+), but less on increasing healthspan, leading to a life vs. health gap
Healthcare in the US has become more expensive over time – but higher prices do not equal higher positive outcome levels.
YEAR-OVER-YEAR CHANGE IN CONSUMER PRICE INDEX (%)
Prices for medical care have been steadily increasing, typically growing faster than inflation
Higher healthcare spend per capita does not result in higher successful health outcomes.
HEALTHCARE SPENDING PER CAPITA ($) BY HEALTH OUTCOMES
Americans see personal health and wellness as a top priority and want to have more control over it by increasing focus on preventative solutions.
% OF RESPONSES BY GENERATION
Personal health and wellness are perceived ever more as an “essential need” like groceries and hence an “essential spend”
PERSONAL HEALTHCARE & WELLNESS MARKET U.S. (2022 – 2030)
Growing market size of the Personal Healthcare and Wellness market to $2.5 trillion by 2030
Source: New Consumer Survey 2023, Accenture, Precedence Research, McKinsey
