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KEY THINGS TO CONSIDER PERTAINING TO OUR INDUSTRY:
- Healthcare expenditures represent almost 11% of the U.S. Gross Domestic Product.
- In 2004, health care spending in the U.S. reached $1.9 trillion, and is projected to reach $2.9 trillion in 2009 and $4 trillion by 2015.
- According to the U.S. Administration on Aging, the medical supplies and equipment industry will continue to grow with baby boomers quickly approaching the age of chronic diseases, diabetes, and respiratory ailments.
- The number of seniors who will be in need of such medical products is expected to grow to 70 million by 2030.
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