January 5, 2018  |  Purdue University Global  |  Updated February 20, 2020
January 5, 2018  |  Purdue University GlobalUpdated February 20, 2020

The need for health care professionals has soared in recent years, and you've no doubt heard of the many benefits to a career in the health care field. But if you're still not sure, here are five great reasons to earn a degree in health care:

1. Health care spending is on the rise.

The financial consulting giant Deloitte predicts that global health care spending is expected to rise 5% from 2019 to 2023. Global health care spending accounted for 10.2% of gross domestic product (GDP) in 2018 and is expected to continue at that level through 2023. Factors encouraging health care spending include population growth, increased economic power, and the growing presence of public health care systems. 

Total health care spending was $7.8 trillion in 2017, according to the most recent data available from the World Health Organization.

Global health care spend is projected to rise 5% from 2019-2023

2. Health care is expected to generate more jobs than any other industry.

According to the U.S. Bureau of Labor Statistics, an estimated 1.9 million new health care jobs will be created by 2028. Jobs in health care are projected to grow 14% from 2018 to 2028, much faster than the average for all occupations. *

Estimated number of new health care jobs by 2026: 1.9 million

3. Health care is grabbing a bigger piece of the economic pie.

By 2027, the health care industry could make up nearly 20% of the U.S. economy, according to data from the Centers for Medicare & Medicaid Services. That's up from 17.8% in 2015.

By 2027, the health care industry will be 20% of the U.S. economy

4. Health care is dynamic and stimulating.

Change is constant in health care, and that means there's little chance to get bored. Improvements are constantly being made, research conducted, and new discoveries unearthed—it's an exciting industry to be part of.

New discoveries unearthed - improvements are constantly being made

5. This is an opportunity to make a difference in the world.

Everybody wants to leave their mark on the world, and health care is a true opportunity to make a difference in people's lives. You can help care for people and help them live healthier, better lives. It's important work and deeply satisfying.

Health care is a true opportunity to make a difference in people's lives

Filed in: Health Sciences


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NOTES AND CONDITIONS

* National long-term projections may not reflect local and/or short-term economic or job conditions, and do not guarantee actual job growth.

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