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Healthcare Industry Business Confidence Report H1 2018

Healthcare Industry Business Confidence Report H1 2018

Healthcare Industry Business Confidence Report H1 2018

Summary

Healthcare Industry Business Confidence Report H1 2018, examines executives’ opinion about the business environment during H1 2018. It also highlights current economic conditions, supplier price variations, sales performance, industry and company growth prospects, spending models, and key priorities. Additionally, the report provides information categorized by region.

According to the survey, the existing economic climate is stable for the healthcare industry, and customer confidence levels will remain positive during H1 2018 (April 2018-September 2018). The majority of executives who operate in Asia-Pacific and North America indicate a favorable opinion about economic growth prospects over the next six months respectively. Increasing demand for advanced medical devices, improved spending in healthcare research and new product development, strengthening of developing economies, complementary tax policies and rising competition in the global biotech sector and healthcare services market are the factors influencing the healthcare industry during H1 2018.

Globally, around 72% and 68% of executives are optimistic about the company and industry growth prospects respectively. Furthermore, respondents anticipate a rise of about 3.7% in the price of medical equipment over the next six months. Additionally, the rising new competition and changes in country of operation are the leading challenges for companies with business operations in North America and Europe during H1 2018 respectively.

Some of the key takeaways from the report include -

  • Overall, 46% of survey respondents state that the current economic condition is stable, whereas 42% of executives express a favorable opinion about the existing economic environment
  • Respondents with business operations in Asia-Pacific and North America record the highest positive outlook towards industry growth over the next six months
  • In total, 53% of global healthcare executives anticipate a positive or very positive change in consumer confidence, whereas 36% of executives expect no change in customer confidence during H1 2018
  • Capital expenditure on new product development and research and analysis is forecast to significantly increase during the next six months
  • The highest percentage of executives with operations in Europe and North America highlight protecting and growing market share as the top priority during H1 2018
Companies Mentioned: GlaxoSmithKline plc., Novartis International AG, Merck & Co., Roche Holding AG, Flatiron Health, Inc., Viralytics

Scope
  • Overall, 46% of survey respondents state that the current economic condition is stable, whereas 42% of executives express a favorable opinion about the existing economic environment
  • Respondents with business operations in Asia-Pacific and North America record the highest positive outlook towards industry growth over the next six months
  • In total, 53% of global healthcare executives anticipate a positive or very positive change in consumer confidence, whereas 36% of executives expect no change in customer confidence during H1 2018
  • Capital expenditure on new product development and research and analysis is forecast to significantly increase during the next six months
  • The highest percentage of executives with operations in Europe and North America highlight protecting and growing market share as the top priority during H1 2018.
Reasons to buy
  • Assists companies to make effective business strategy decisions by knowing the prevailing market conditions and sentiment within the IT industry
  • Supports organizations in business expansion decisions by providing information concerning the projected variation in sales performance and supplier prices
  • Helps to improve operational efficiency and to protect and grow market share by comprehending the essential priorities and major concerns within the healthcare industry
  • Serves to adjust investment allocation by outlining key focus areas highlighted by survey respondents during H1 2018.


Introduction
Definitions and abbreviations
Methodology and sample size
Respondent profile
Economic state, growth prospects, and consumer confidence
Existing economic environment
Industry and company growth outlook
Expected change in consumer confidence
Supplier prices, staff headcount, and sales performance
Supplier prices expectations
Anticipated change in staff head count and sales projections
Anticipated change in spend on key activities
Business concerns and organizational priorities
Level of concerns and expected impact
Significance of potential business priorities
Appendix
List of Figures
Figure 1: Current economic condition - Overall
Figure 2: Current economic condition - Region
Figure 3: Current economic condition - Those who operate and do not operate in a region
Figure 4: Industry and company growth prospects - Overall
Figure 5: Industry and company growth prospects - Overall - In detail
Figure 6: Industry and company growth prospects - Region
Figure 7: Anticipated variation in consumer confidence - Overall
Figure 8: Anticipated variation in consumer confidence - Region
Figure 9: Projected change in supplier prices - Raw Material - Overall and regional
Figure 10: Projected change in supplier prices - Semi-finished Product - Overall and regional
Figure 11: Projected change in supplier prices - Packaging - Overall and regional
Figure 12: Projected change in supplier prices - Ingredient - Overall and regional
Figure 13: Projected change in supplier prices - Medical Equipment - Overall and regional
Figure 14: Staff headcount and sales outlook - Regional
Figure 15: Expenditure projection on key activities - Overall
Figure 16: Top five business concerns - Region
Figure 17: Business concerns - Overall and regional - A
Figure 18: Business concerns - Overall and regional - B
Figure 19: Business concerns - Overall and regional - C
Figure 20: Top five organizational priorities - Region
Figure 21: Organizational priorities - Overall and region

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