U.S. health care evolving to become more personalized, consumer-focused, research finds

Coresight Research recently published a report titled Market Navigator: U.S. Healthcare—Evolving To Become More Personalized and Consumer-Focused. The report highlights that the total personal healthcare expenditure for the U.S. market was $3,704.0 billion in 2022 and is expected to reach $5,128.0 billion by 2028, with a projected compound annual growth rate of 5.3% for 2018–2028.

Looking ahead, key trends in the U.S. healthcare market include the potential for future pandemics, advancements in healthcare technologies, and the impact of the aging population. Despite challenges like inflation, the market remains resilient post-pandemic, with consumers spending significantly on healthcare products. This has created opportunities for retailers such as CVS Health, UnitedHealth Group, and Walgreens Boots Alliance, who rank as the top retailers in the U.S. healthcare market.

Consumers are increasingly prioritizing health products, leading to a surge in demand for prescription medications, supplements, and medical devices. Brands like UnitedHealth Group, CVS Health, and McKesson Corporation are at the forefront of developing innovative health products to meet consumer needs. Pharmacies and primary care centers are becoming preferred destinations for healthcare, offering personalized consultations and precision medication.

Overall, the U.S. healthcare market is evolving to be more consumer-centric, personalized, and technology-driven, making healthcare more accessible, efficient, and patient-focused.