It’s a no-brainer that global demand for healthcare products and services will rise as the population ages and as billions of people in developing nations join the middle-class in the next few decades.
Global healthcare spending will grow at 4.1% annually between 2017 and 2021, notes Deloitte in its 2018 Global Healthcare Outlook report. Put another way, healthcare will grow faster than the global economy, as the world population expands and medical treatments increase.
Just over one in 10 people worldwide will be aged 65 or over by 2021, says Deloitte. The ageing population megatrend, well known in markets for years, has a long way to run. Ensuring portfolios are exposed to companies that benefit from rising life expectancy is smart.