ESCALATING HEALTHCARE SPENDING
- $6.8 trillion: Expected national health spending by 2030[1]
- 5.3%: Average annual growth in national health spending from 2025 to 2030[1]
- $135.6 billion: U.S. urgent care market size in 2030, up from $56.7 billion in 2022[2]
PROJECTED HEALTHCARE WORKER SHORTAGES
- 203,000: Registered nurse openings each year until 2031[3]
- 122,000: Physician shortage in America by 2030[4]
- 45,000: Primary care physician shortage in 2030[5]
- 25,940: Addiction counselor shortage in 2035[6]
NEW JOBS CREATED ACROSS HEALTHCARE
- 2 million: New jobs created from 2021 to 2031[7]
- 13%: Overall employment growth in healthcare occupations; much faster than the average across all occupations[7]
CHANGING ENVIRONMENT FOR MARKET SHARES
- 5%–10%: “Retail behemoths” share of total primary care market share by 2030[5]
- 15%–20%: Market share loss for traditional fee-for-service providers, while still remaining the largest primary care model in 2030[5]
- $74.3 billion: Predicted market size for patient engagement solutions—wearables, educational resources and mobile apps—for 2030, up from $13.4 billion in 2021[8]
A GLIMPSE INTO THE FUTURE—WHAT EXPERTS SAY
- “By 2030, healthcare will be centered on patients empowered to prevent diseases rather than seek treatment.”[9]
- “By 2030, 30% of primary care could be delivered by nontraditional providers.” [5]
- “By 2050, surgeons will be able to use remote robots to operate on patients on different continents, babies will have their DNA sequenced before birth and patients will be able to generate new blood inside their own bodies without the need for a blood donor.”[10]
Sources:
- Centers for Medicare & Medicaid Services, “CMS Office of the Actuary Releases 2021-2030 Projections of National Health Expenditures,” March 2022.
- Grand View Research, “U.S. Urgent Care Centers Market Worth $135.6 Billion By 2030,” December 2022.
- U.S. Bureau of Labor Statistics, “Occupational Outlook Handbook,” Registered Nurses, September 2022.
- Zippa, “28 Astonishing US Healthcare Industry Statistics [2023],” June 2022.
- Bain & Company, “Primary Care 2030: Innovative Models Transform the Landscape,” July 2022.
- HRSA Health Workforce, “Behavioral Health Workforce Projections, 2020-2035,” November 2022.
- U.S. Bureau of Labor Statistics, “Occupational Outlook Handbook,” Healthcare Occupations, September 2022.
- Strategic Market Research, “Patient Engagement Solutions Market – A $74.28 Industry By 2030; Explore Latest Trends & Insights,” October 2022.
- Strategy&, “Driving the future of health,” 2019.
- HealthConnect 24x7, “What Will Healthcare Look Like in 2050,” June 2021.
