Healthcare in Europe parallels the US healthcare system in many ways. Western Europe faces significant challenges when it comes to determining how to efficiently meet the demand for more healthcare to an aging population with an increasing burden of age-related chronic diseases. Simultaneously, the issues of how to keep costs down and affordable to patients continues to test the healthcare sector in the five major European markets (France, Germany, Italy, Spain, United Kingdom). However, these problems are not unique to the five largest economies in Europe. These challenges pervade all countries within the European Union.
The United States is the largest healthcare market in the world. Boasting the third largest population (~330 million people) and a well-developed healthcare system, the US remains the key market to target for the commercialization of healthcare solutions.
Healthcare in China is in a constant state of reform as the system evolves to meet the unique burdens of the country which rapidly became the world’s second largest economy. With a population of approximately 1.4 billion people, demand for healthcare services is at an all-time high in China, with many hospitals understaffed and overwhelmed by demand.
Substantial increases in surgical procedure volumes are being projected across most medical segments as a result of a number of factors, including but not limited to: