Vital Signs 2022
U.S. Healthcare Spending: Historical & Projected
8M
7M
6M
5M
4M
3M
2M
1M
Healthcare Spending in $Ms
M
2012
2018
2016
2014
2010
2022
2028
2026
2024
2002
2020
2030
2008
2006
2004
2000
Year
Source: CMS, Cushman & Wakefield Research
pandemic levels, according to The Advisory Board. Elective surgeries and other procedures delayed due to the pandemic have been the driver of patient encounters this year. Many of these procedures are now conducted at outpatient facilities, which have experienced substantial growth in the wake of the pandemic. In spite of these headwinds, the overall healthcare sector is also supported by robust secular drivers, as overall healthcare spending is expected continue to expand with a growing population entering the 65-and-older age cohort. This demographic tailwind, along with delayed and deferred demand for continuous care and elective procedures in the wake of the pandemic, likely will buoy medical office through recent market turmoil.
U.S. Population by Age
5.0
4.5
4.0
3.5
3.0
2.5
2.0
Millions of Persons (U.S.)
1.5
1.0
20 25 30 35 40 45 50 55 60 65 70 75
Age
Source: U.S. Census Bureau, Cushman & Wakefield
5
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