The global medical industry is one of the world's fastest growing industries, absorbing over 10% of gross domestic product of most developed nations. The United States of America has one of the largest medical and industries in the world, followed by Switzerland and Germany. The USA's medical industry comprises of more than 750,000 physicians and 5,200 hospitals.USA witnesses approximately 3.8 million inpatient visits and 20 million outpatientsvisit on a daily basis. Furthermore, the United States of America has the largest workforce i.e. one in every 11 US residents employed in the healthcare business. The Global prescription drug market was $550 billion in the year2006. Also, the total health care expenditures across the world were $4.5trillion last year. Of which, US solely account for $ 2.2 trillion, $ 2trillion in OECD countries and remaining $ 0.3 in other countries of the world.The future perspective of medical industry seems to be immensely bright and encouraging for this industry in terms of the expected surge in global demand and upsurge in investments. Healthcare will generate 3.2 million new wage and salary jobs between 2008 and 2018, more than any other industry, largely in response to rapid growth in the elderly population. A large number of Healthcare and Medical News, News from Healthcare and Medical, Health news,International health news Global health news, Medical news, Healthcare news online, Health ICBs, Health news News and Health Public News.
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