Healthcare
How Big Data Will Unlock the Potential of Healthcare
How Big Data Will Unlock the Potential of Healthcare
Data is driving the future of business, and any company not prepared for this transformation is at risk of being left behind.
This is a reality in almost every sector, but it’s especially relevant to companies in the healthcare industry. That’s because the amount of health data being created is growing at a 48% rate annually, and by 2020, a Stanford University study estimates that 2,314 exabytes of healthcare data will be produced per year.
Simply put, the companies that can extract meaningful insights from these mountains of data will have a serious and durable competitive advantage – and those that don’t have a proper strategy for this boom in data will get lost in the weeds.
Breaking Down Big Data
Today’s infographic comes to us from Publicis Health, and it shows why big data is one of the six forces transforming the life sciences and pharmaceuticals industries.
Big data in healthcare spans four different dimensions:
Volume
The sheer amount of data created can be processed and interpreted by AI.
Veracity
Noise, abnormality, and biases can undermine trust and accuracy of data. Data assurance can help guarantee analytics are credible and error-free.
Velocity
Healthcare is time sensitive, and being able to process large amounts of data in real-time is crucial.
Variety
Big data comes from a myriad of sources, such as social media or IoT devices. Actionable insights can be gained from analyzing different data sources together.
Healthcare businesses must learn to quickly distill information from masses of data and to transform them into actionable insights. The ability to extract these insights will power the future of health, and become a differentiator for companies to thrive and stay ahead of emerging competitors.
Analytical Nirvana
How can companies reach “analytical nirvana”, a state where analytics can be used for strategic differentiation?
Companies must move towards being more service-focused, by transforming data into compelling stories that bridge the gap between customer engagement and action.
Further, this change must be powered by predictive health intelligence that can interpret data to create more personalized experiences for customers. Finally, data must be democratized throughout an organization, so that even non-analysts can deploy gained insights to achieve these other goals.
This journey may seem like a daunting task, but companies that successfully navigate this transformation will gain an edge that will continue to grow in importance in the digital era.
This is part two of a seven part series. Stay tuned by subscribing to Visual Capitalist for free, as we go into these six forces in more detail in the future.
Countries
Charted: The World’s Aging Population from 1950 to 2100
This graphic visualizes the world’s aging population, showing data for every country and territory around the world.
Creator Program
Charted: The World’s Aging Population from 1950 to 2100
As demographics continue to shift in the 21st century, the world’s aging population will continue to be a focal point for many global decision makers.
Most countries around the world have experienced population explosions, or are about to. Combine this with declining birth rates and falling mortality rates, and it’s clear that the global senior population will continue to reach new heights.
These graphics by Pablo Alvarez use data from the 2022 UN World Population Prospects to visualize this increasing aging population across countries.
The World’s Aging Population from 1950 to 2100
In 2022, there were 771 million people aged 65+ years globally, accounting for almost 10% of the world’s population.
This segment has been growing at an increasing rate, and it’s expected to hit 16% in 2050, and eventually 24% by 2100. Here’s what that’s projected to look like, for every country and territory.
| Country by Population Aged +65 Years | 1950 | 2022 | 2100 |
|---|---|---|---|
| 🇦🇫 Afghanistan | 2.85% | 2.39% | 16.03% |
| 🇦🇱 Albania | 6.04% | 16.66% | 49.08% |
| 🇩🇿 Algeria | 3.49% | 6.39% | 28.83% |
| 🇦🇸 American Samoa | 2.38% | 7.27% | 45.41% |
| 🇦🇩 Andorra | 10.02% | 14.98% | 37.04% |
| 🇦🇴 Angola | 2.93% | 2.6% | 12.07% |
| 🇦🇮 Anguilla | 3.69% | 10.71% | 37.49% |
| 🇦🇬 Antigua and Barbuda | 4.14% | 10.63% | 35.4% |
| 🇦🇷 Argentina | 4.13% | 11.92% | 31.79% |
| 🇦🇲 Armenia | 8.17% | 13.15% | 36.13% |
| 🇦🇼 Aruba | 1.77% | 16.15% | 36.51% |
| 🇦🇺 Australia | 8.17% | 16.9% | 31.38% |
| 🇦🇹 Austria | 10.42% | 19.81% | 33.93% |
| 🇦🇿 Azerbaijan | 6.89% | 7.11% | 30.5% |
| 🇧🇸 Bahamas | 4.76% | 8.89% | 29.58% |
| 🇧🇭 Bahrain | 2.88% | 3.76% | 21.89% |
| 🇧🇩 Bangladesh | 3.9% | 6.04% | 32.56% |
| 🇧🇧 Barbados | 5.24% | 16.28% | 33.19% |
| 🇧🇾 Belarus | 8.24% | 17.18% | 30.45% |
| 🇧🇪 Belgium | 11.03% | 19.73% | 32.83% |
| 🇧🇿 Belize | 3.57% | 5.09% | 29.21% |
| 🇧🇯 Benin | 7.85% | 3.06% | 11.03% |
| 🇧🇲 Bermuda | 5.71% | 20.41% | 37.73% |
| 🇧🇹 Bhutan | 2.53% | 6.25% | 33.35% |
| 🇧🇴 Bolivia | 6.11% | 4.85% | 21.75% |
| 🇧🇶 Bonaire Sint Eustatius and Saba | 14.22% | 13.84% | 28.94% |
| 🇧🇦 Bosnia and Herzegovina | 3.95% | 18.4% | 36.4% |
| 🇧🇼 Botswana | 4.32% | 3.65% | 17.96% |
| 🇧🇷 Brazil | 2.39% | 9.88% | 33.52% |
| 🇻🇬 British Virgin Islands | 8.63% | 9.95% | 32.47% |
| 🇧🇳 Brunei | 4.85% | 6.17% | 30.93% |
| 🇧🇬 Bulgaria | 6.66% | 22.38% | 37.13% |
| 🇧🇫 Burkina Faso | 2.01% | 2.53% | 13.07% |
| 🇧🇮 Burundi | 3.22% | 2.48% | 13.23% |
| 🇰🇭 Cambodia | 2.67% | 5.81% | 26.43% |
| 🇨🇲 Cameroon | 3.47% | 2.67% | 11.89% |
| 🇨🇦 Canada | 7.7% | 19.03% | 31.55% |
| 🇨🇻 Cape Verde | 3.67% | 5.55% | 32.63% |
| 🇰🇾 Cayman Islands | 6.05% | 8.17% | 28.75% |
| 🇨🇫 Central African Republic | 5.% | 2.51% | 11.43% |
| 🇹🇩 Chad | 4.33% | 2.01% | 9.64% |
| 🇨🇱 Chile | 3.3% | 13.03% | 36.61% |
| 🇨🇳 China | 5.04% | 13.72% | 40.93% |
| 🇨🇴 Colombia | 3.22% | 9.% | 34.49% |
| 🇰🇲 Comoros | 3.8% | 4.28% | 17.81% |
| 🇨🇬 Congo | 3.36% | 2.72% | 11.99% |
| 🇨🇰 Cook Islands | 2.94% | 11.73% | 29.75% |
| 🇨🇷 Costa Rica | 2.97% | 10.83% | 36.99% |
| 🇨🇮 Cote d'Ivoire | 2.21% | 2.4% | 10.86% |
| 🇭🇷 Croatia | 7.82% | 22.36% | 37.03% |
| 🇨🇺 Cuba | 4.36% | 15.81% | 36.31% |
| 🇨🇼 Curacao | 5.82% | 14.95% | 30.46% |
| 🇨🇾 Cyprus | 5.95% | 14.83% | 33.36% |
| 🇨🇿 Czechia | 8.29% | 20.64% | 26.94% |
| 🇨🇩 Democratic Republic of Congo | 3.77% | 2.92% | 10.62% |
| 🇩🇰 Denmark | 9.04% | 20.49% | 30.45% |
| 🇩🇯 Djibouti | 1.99% | 4.54% | 19.68% |
| 🇩🇲 Dominica | 7.67% | 9.53% | 34.28% |
| 🇩🇴 Dominican Republic | 2.72% | 7.4% | 30.47% |
| 🇪🇨 Ecuador | 5.2% | 7.83% | 31.97% |
| 🇪🇬 Egypt | 2.95% | 4.83% | 21.77% |
| 🇸🇻 El Salvador | 3.93% | 8.22% | 36.02% |
| 🇬🇶 Equatorial Guinea | 5.53% | 3.12% | 15.13% |
| 🇪🇷 Eritrea | 3.2% | 4.01% | 19.86% |
| 🇪🇪 Estonia | 10.56% | 20.58% | 34.15% |
| 🇸🇿 Eswatini | 2.68% | 4.% | 16.26% |
| 🇪🇹 Ethiopia | 3.01% | 3.14% | 18.6% |
| 🇫🇴 Faeroe Islands | 7.59% | 17.92% | 26.91% |
| 🇫🇰 Falkland Islands | 8.27% | 11.08% | 35.86% |
| 🇫🇯 Fiji | 5.99% | 5.9% | 20.6% |
| 🇫🇮 Finland | 6.63% | 23.27% | 34.04% |
| 🇫🇷 France | 11.39% | 21.66% | 34.23% |
| 🇬🇫 French Guiana | 7.96% | 5.98% | 21.13% |
| 🇵🇫 French Polynesia | 3.% | 10.07% | 37.85% |
| 🇬🇦 Gabon | 7.21% | 3.89% | 16.25% |
| 🇬🇲 Gambia | 2.5% | 2.43% | 16.06% |
| 🇬🇪 Georgia | 9.35% | 14.61% | 31.19% |
| 🇩🇪 Germany | 9.46% | 22.41% | 33.72% |
| 🇬🇭 Ghana | 4.62% | 3.55% | 15.91% |
| 🇬🇮 Gibraltar | 6.94% | 20.84% | 37.63% |
| 🇬🇷 Greece | 6.8% | 22.82% | 37.52% |
| 🇬🇱 Greenland | 3.06% | 10.02% | 29.16% |
| 🇬🇩 Grenada | 5.12% | 10.07% | 30.54% |
| 🇬🇵 Guadeloupe | 5.51% | 20.04% | 34.45% |
| 🇬🇺 Guam | 1.11% | 11.84% | 31.19% |
| 🇬🇹 Guatemala | 2.31% | 4.91% | 28.05% |
| 🇬🇬 Guernsey | 11.96% | 16.64% | 35.4% |
| 🇬🇳 Guinea | 5.39% | 3.32% | 14.% |
| 🇬🇼 Guinea-Bissau | 3.45% | 2.82% | 14.34% |
| 🇬🇾 Guyana | 3.89% | 6.28% | 28.94% |
| 🇭🇹 Haiti | 3.64% | 4.54% | 19.07% |
| 🇭🇳 Honduras | 3.96% | 4.27% | 26.5% |
| 🇭🇰 Hong Kong | 2.48% | 20.47% | 41.64% |
| 🇭🇺 Hungary | 7.81% | 20.01% | 31.85% |
| 🇮🇸 Iceland | 7.52% | 15.33% | 34.25% |
| 🇮🇳 India | 3.1% | 6.9% | 29.81% |
| 🇮🇩 Indonesia | 1.74% | 6.86% | 25.28% |
| 🇮🇷 Iran | 5.22% | 7.62% | 33.72% |
| 🇮🇶 Iraq | 2.79% | 3.41% | 18.44% |
| 🇮🇪 Ireland | 10.99% | 15.14% | 32.48% |
| 🇮🇲 Isle of Man | 13.9% | 22.29% | 31.8% |
| 🇮🇱 Israel | 4.% | 12.04% | 25.97% |
| 🇮🇹 Italy | 8.09% | 24.05% | 38.19% |
| 🇯🇲 Jamaica | 3.83% | 7.45% | 44.05% |
| 🇯🇵 Japan | 4.89% | 29.92% | 38.7% |
| 🇯🇪 Jersey | 12.34% | 16.22% | 30.52% |
| 🇯🇴 Jordan | 5.03% | 3.84% | 27.3% |
| 🇰🇿 Kazakhstan | 6.47% | 8.04% | 19.58% |
| 🇰🇪 Kenya | 5.28% | 2.87% | 16.98% |
| 🇰🇮 Kiribati | 7.13% | 3.81% | 17.33% |
| 🇽🇰 Kosovo | 5.33% | 10.19% | 43.35% |
| 🇰🇼 Kuwait | 2.88% | 4.93% | 31.56% |
| 🇰🇬 Kyrgyzstan | 7.91% | 4.54% | 21.08% |
| 🇱🇦 Laos | 2.13% | 4.45% | 25.24% |
| 🇱🇻 Latvia | 10.12% | 21.86% | 32.86% |
| 🇱🇧 Lebanon | 7.24% | 9.89% | 32.11% |
| 🇱🇸 Lesotho | 6.34% | 4.2% | 13.44% |
| 🇱🇷 Liberia | 2.97% | 3.31% | 13.88% |
| 🇱🇾 Libya | 5.21% | 4.86% | 27.77% |
| 🇱🇮 Liechtenstein | 7.89% | 19.37% | 34.79% |
| 🇱🇹 Lithuania | 8.65% | 20.8% | 32.79% |
| 🇱🇺 Luxembourg | 9.71% | 15.03% | 31.55% |
| 🇲🇴 Macao | 3.11% | 13.% | 32.39% |
| 🇲🇬 Madagascar | 3.25% | 3.35% | 16.21% |
| 🇲🇼 Malawi | 3.06% | 2.61% | 15.61% |
| 🇲🇾 Malaysia | 4.91% | 7.5% | 30.78% |
| 🇲🇻 Maldives | 3.14% | 4.78% | 35.61% |
| 🇲🇱 Mali | 2.78% | 2.38% | 11.% |
| 🇲🇹 Malta | 7.42% | 19.13% | 38.26% |
| 🇲🇭 Marshall Islands | 5.68% | 4.56% | 17.8% |
| 🇲🇶 Martinique | 5.85% | 22.77% | 37.31% |
| 🇲🇷 Mauritania | 1.44% | 3.22% | 15.03% |
| 🇲🇺 Mauritius | 3.18% | 12.79% | 33.76% |
| 🇾🇹 Mayotte | 6.61% | 2.88% | 18.15% |
| 🇲🇽 Mexico | 2.99% | 8.32% | 34.88% |
| 🇫🇲 Micronesia (country) | 4.11% | 6.16% | 27.59% |
| 🇲🇩 Moldova | 7.56% | 12.98% | 26.36% |
| 🇲🇨 Monaco | 15.64% | 35.92% | 30.16% |
| 🇲🇳 Mongolia | 3.87% | 4.61% | 26.18% |
| 🇲🇪 Montenegro | 7.85% | 16.55% | 34.16% |
| 🇲🇸 Montserrat | 7.92% | 17.7% | 33.05% |
| 🇲🇦 Morocco | 2.86% | 7.72% | 29.97% |
| 🇲🇿 Mozambique | 3.13% | 2.57% | 13.43% |
| 🇲🇲 Myanmar | 3.21% | 6.82% | 23.69% |
| 🇳🇦 Namibia | 4.1% | 3.97% | 15.38% |
| 🇳🇷 Nauru | 8.98% | 2.5% | 15.87% |
| 🇳🇵 Nepal | 2.74% | 6.09% | 29.51% |
| 🇳🇱 Netherlands | 7.76% | 20.31% | 32.89% |
| 🇳🇨 New Caledonia | 5.% | 11.02% | 31.61% |
| 🇳🇿 New Zealand | 9.09% | 16.31% | 33.2% |
| 🇳🇮 Nicaragua | 2.71% | 5.29% | 28.92% |
| 🇳🇪 Niger | .92% | 2.4% | 9.76% |
| 🇳🇬 Nigeria | 3.% | 2.97% | 12.31% |
| 🇳🇺 Niue | 4.79% | 15.16% | 22.55% |
| 🇰🇵 North Korea | 2.72% | 11.71% | 30.49% |
| 🇲🇰 North Macedonia | 5.87% | 14.91% | 36.56% |
| 🇲🇵 Northern Mariana Islands | 2.95% | 10.81% | 32.09% |
| 🇳🇴 Norway | 9.52% | 18.44% | 31.65% |
| 🇴🇲 Oman | 3.05% | 2.76% | 23.96% |
| 🇵🇰 Pakistan | 5.48% | 4.27% | 17.23% |
| 🇵🇼 Palau | 8.59% | 9.93% | 21.48% |
| 🇵🇸 Palestine | 4.77% | 3.53% | 23.44% |
| 🇵🇦 Panama | 3.57% | 8.77% | 30.03% |
| 🇵🇬 Papua New Guinea | 1.09% | 3.19% | 16.81% |
| 🇵🇾 Paraguay | 3.73% | 6.26% | 26.51% |
| 🇵🇪 Peru | 3.43% | 8.41% | 30.33% |
| 🇵🇭 Philippines | 3.56% | 5.44% | 23.38% |
| 🇵🇱 Poland | 5.22% | 18.55% | 35.69% |
| 🇵🇹 Portugal | 7.% | 22.9% | 36.28% |
| 🇵🇷 Puerto Rico | 3.63% | 22.93% | 48.9% |
| 🇶🇦 Qatar | 3.5% | 1.52% | 15.01% |
| 🇷🇪 Reunion | 3.81% | 13.28% | 32.4% |
| 🇷🇴 Romania | 7.16% | 18.64% | 32.22% |
| 🇷🇺 Russia | 4.8% | 15.8% | 27.86% |
| 🇷🇼 Rwanda | 2.76% | 3.2% | 17.36% |
| 🇧🇱 Saint Barthlemy | 7.3% | 10.61% | 43.89% |
| 🇸🇭 Saint Helena | 8.63% | 28.66% | 32.61% |
| 🇰🇳 Saint Kitts and Nevis | 5.36% | 10.13% | 29.79% |
| 🇱🇨 Saint Lucia | 3.59% | 9.23% | 33.39% |
| 🇲🇫 Saint Martin (French part) | 4.47% | 11.14% | 30.08% |
| 🇵🇲 Saint Pierre and Miquelon | 6.34% | 17.32% | 33.4% |
| 🇻🇨 Saint Vincent and the Grenadines | 7.71% | 10.86% | 32.34% |
| 🇼🇸 Samoa | 2.52% | 5.22% | 18.75% |
| 🇸🇲 San Marino | 10.15% | 20.47% | 35.73% |
| 🇸🇹 Sao Tome and Principe | 3.92% | 3.76% | 15.6% |
| 🇸🇦 Saudi Arabia | 3.32% | 2.81% | 30.28% |
| 🇸🇳 Senegal | 3.42% | 3.14% | 16.54% |
| 🇷🇸 Serbia | 6.15% | 20.56% | 37.55% |
| 🇸🇨 Seychelles | 10.68% | 8.16% | 28.84% |
| 🇸🇱 Sierra Leone | 3.02% | 3.14% | 15.52% |
| 🇸🇬 Singapore | 2.29% | 15.12% | 36.51% |
| 🇸🇽 Sint Maarten (Dutch part) | 12.03% | 10.57% | 34.51% |
| 🇸🇰 Slovakia | 6.63% | 16.98% | 33.4% |
| 🇸🇮 Slovenia | 7.52% | 20.96% | 33.59% |
| 🇸🇧 Solomon Islands | 4.03% | 3.47% | 15.29% |
| 🇸🇴 Somalia | 2.6% | 2.57% | 10.75% |
| 🇿🇦 South Africa | 4.06% | 5.89% | 20.55% |
| 🇰🇷 South Korea | 2.74% | 17.49% | 44.44% |
| 🇸🇸 South Sudan | 3.48% | 2.89% | 13.11% |
| 🇪🇸 Spain | 7.23% | 20.27% | 38.72% |
| 🇱🇰 Sri Lanka | 8.76% | 11.54% | 35.73% |
| 🇸🇩 Sudan | 3.03% | 3.5% | 13.28% |
| 🇸🇷 Suriname | 4.09% | 7.39% | 25.8% |
| 🇸🇪 Sweden | 10.19% | 20.25% | 31.83% |
| 🇨🇭 Switzerland | 9.49% | 19.31% | 32.61% |
| 🇸🇾 Syria | 7.66% | 4.68% | 24.62% |
| 🇹🇼 Taiwan | 2.11% | 16.71% | 37.32% |
| 🇹🇯 Tajikistan | 4.34% | 3.47% | 19.43% |
| 🇹🇿 Tanzania | 2.2% | 3.1% | 14.97% |
| 🇹🇭 Thailand | 3.21% | 15.21% | 39.17% |
| 🇹🇱 Timor | 3.14% | 5.21% | 25.42% |
| 🇹🇬 Togo | 4.29% | 3.13% | 11.77% |
| 🇹🇰 Tokelau | 4.7% | 8.66% | 25.03% |
| 🇹🇴 Tonga | 4.6% | 6.22% | 21.65% |
| 🇹🇹 Trinidad and Tobago | 3.93% | 11.52% | 32.67% |
| 🇹🇳 Tunisia | 4.4% | 9.02% | 31.24% |
| 🇹🇷 Turkey | 3.77% | 8.64% | 33.9% |
| 🇹🇲 Turkmenistan | 5.84% | 5.15% | 21.55% |
| 🇹🇨 Turks and Caicos Islands | 5.79% | 10.34% | 28.25% |
| 🇹🇻 Tuvalu | 4.98% | 6.48% | 16.15% |
| 🇺🇬 Uganda | 2.87% | 1.69% | 14.33% |
| 🇺🇦 Ukraine | 7.54% | 18.81% | 33.2% |
| 🇦🇪 United Arab Emirates | 3.35% | 1.83% | 15.77% |
| 🇬🇧 United Kingdom | 10.84% | 19.17% | 32.56% |
| 🇺🇸 United States | 8.18% | 17.13% | 30.47% |
| 🇻🇮 United States Virgin Islands | 7.54% | 20.42% | 39.11% |
| 🇺🇾 Uruguay | 8.23% | 15.58% | 35.98% |
| 🇺🇿 Uzbekistan | 5.87% | 5.14% | 22.24% |
| 🇻🇺 Vanuatu | 5.65% | 3.74% | 16.29% |
| 🇻🇪 Venezuela | 2.29% | 8.61% | 27.71% |
| 🇻🇳 Vietnam | 4.13% | 9.12% | 30.02% |
| 🇼🇫 Wallis and Futuna | 1.76% | 13.47% | 32.98% |
| 🇪🇭 Western Sahara | 2.82% | 5.84% | 23.73% |
| 🇾🇪 Yemen | 3.98% | 2.66% | 18.25% |
| 🇿🇲 Zambia | 2.76% | 1.75% | 12.66% |
| 🇿🇼 Zimbabwe | 3.18% | 3.32% | 14.22% |
| 🌐 World | 5.13% | 9.82% | 24.03% |
Some of the places with high elderly shares today include high-income countries like Japan (30%), Italy (24%), and Finland (23%).
The lowest shares are concentrated in the Middle East and Africa. Many countries have just 2% of their population aged 65 years and older, such as Qatar, Uganda, and Afghanistan.
But over time, almost all countries are expected to see their older population segments grow. In just three decades, it is estimated that one-in-four European, North American, and Asian residents will be over 65 years of age.
By 2100, a variety of Asian countries and island nations facing low population growth are expected to see more than one-third of their populations aged 65 years or older, including South Korea and Jamaica at 44%. However, it’s actually Albania that’s the biggest outlier overall, with a projected 49% of its population to be aged 65 and older by 2100.
Passing the Generational Torch
The challenge of an aging population is set to impact all sectors of society, including labor and financial markets, demand for housing and transportation, and especially family structures and intergenerational ties.
One way to help grasp the nature of transition is to note the changing ratio between seniors and young children in the world population, as seen in the below crossover diagram:
Dropping fertility rates, in addition to improved child and infant mortality rates, are known to have played a major role in the plateauing population of children.
However, not all countries have witnessed this crossover yet, as it usually coincides with higher levels of economic development.
As countries such as India, Brazil, and South Africa reach higher levels of per capita income, they will be likely to follow down the paths of more advanced economies, eventually experiencing similar demographic fates and challenges.
-
Money3 weeks agoComparing the Speed of Interest Rate Hikes (1988-2023)
-
Cities2 weeks agoRanked: The Cities with the Most Skyscrapers in 2023
-
War3 weeks agoMap Explainer: Sudan
-
Urbanization1 week agoRanked: The World’s Biggest Steel Producers, by Country
-
Travel3 weeks agoVisualized: The World’s Busiest Airports, by Passenger Count
-
Visual Capitalist6 days agoJoin Us For Data Creator Con 2023
-
Technology3 weeks agoVisualizing Global Attitudes Towards AI
-
Economy6 days agoCharted: Public Trust in the Federal Reserve