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Pharmaceutical statistics is the application of statistics to matters concerning the pharmaceutical industry. This can be from issues of design of experiments , to analysis of drug trials, to issues of commercialization of a medicine.
Data has become increasingly valuable in the 21st century and new economies have been shaped by who controls it [11] —health data and the health care industry are unlikely to be an exception. An increase in PGHD has led some experts to envision a future in which patients have greater influence over the health care system. [12]
Health care analytics is a growing industry in many countries including the United States, where it is expected to grow to more than $31 billion by 2022. [2] It is also increasingly important to governments and public health agencies to support health policy and meet public expectations for transparency, as accelerated by the COVID-19 pandemic. [3]
In the United States, the healthcare industry accounts for 18% of gross domestic product in 2020 and is one of the largest and most complex parts of the U.S. economy. [36] In 2011, the health care industry consumed an average of 9.3 percent of the GDP or US$ 3,322 (PPP-adjusted) per capita across the 34 members of OECD countries.
The medical and health service developed into a "healthcare industry" which occupies a considerable amount of capital and labor and occupies an important position in social and economic life. The research on economic problems of the health sector became an important topic of economic research. [16]
Epidemiology is the study of factors affecting the health and illness of populations, and serves as the foundation and logic of interventions made in the interest of public health and preventive medicine. Forensic statistics is the application of probability models and statistical techniques to scientific evidence, such as DNA evidence, and the ...
The Chemed acquisition set off a new flurry of investing in the burgeoning field, with hedge funds and other health care companies making acquisitions. Since 2000, the hospice industry has more than quadrupled in size, according to the most recent federal data from the Medicare Payment Advisory Commission.
This is an accepted version of this page This is the latest accepted revision, reviewed on 9 December 2024. Economic sector focused on health An insurance form with pills The healthcare industry (also called the medical industry or health economy) is an aggregation and integration of sectors within the economic system that provides goods and services to treat patients with curative, preventive ...