Markets

Insider Trading

Hedge Funds

Retirement

Opinion

25 Countries With Limited Access To Healthcare

In this article, we will be taking a look at the 25 countries with limited access to health care. If you do not want to learn about the global healthcare market, head straight to the 5 Countries With Limited Access To Healthcare.

Access to healthcare is a fundamental human right, yet many countries around the world grapple with limited access to essential medical services. This critical issue spans across various regions, affecting millions who lack adequate healthcare infrastructure, resources, and affordability. From remote rural areas to densely populated urban centers, disparities in healthcare access persist, posing significant challenges to public health and well-being. Understanding the complexities of healthcare accessibility in these nations sheds light on the urgent need for global initiatives to address disparities and ensure equitable healthcare for all. 

Overview of the Global Healthcare Market and Analysis of the US Health Market 

The global healthcare market is a significant and rapidly growing industry, valued at approximately $7.7 trillion and reached $8.5 trillion by 2020. This sector is undergoing a transformation driven by technological advancements, demographic shifts, and evolving patient needs. Key trends shaping the future of healthcare delivery include the adoption of artificial intelligence (AI) for streamlining processes, sustainability practices, remote technologies for care delivery, and innovative cost management strategies. 

In several countries, limited health access poses significant challenges. Brazil, for instance, has universal healthcare covering 75% of the population, with the remaining 25% relying on a private system primarily funded by employers. Medical inflation in the private sector is high at 17.3%, prompting the need for solutions to manage costs effectively. Similarly, China is expanding its healthcare infrastructure, aiming to add 20,000 hospitals within the next decade and double healthcare spending from 5% to 10% of GDP. 

Financial statistics and data points reveal insights into the US healthcare industry. In 2020, US healthcare industry revenue totaled $1.27 trillion but experienced a significant drop due to the COVID-19 pandemic. As of 2021, the industry is worth $808 billion in the US, with 65% of revenue coming from patient care. Globally, the healthcare industry is valued at $12 trillion, showing consistent growth rates over recent years. Employment in healthcare occupations is expected to grow by at least 16% between 2020 and 2030 in the US. 

Unveiling the Veil: Untold Realities of Global Healthcare 

Inflation hits global healthcare hard, particularly in the US. From 2000 to June 2023, while all goods and services rose by 80.8%, healthcare costs surged by 114.3%, reports the Bureau of Labour Statistics. The COVID-19 pandemic amplifies healthcare spending. Even as the world moves towards endemicity, COVID-19 remains a significant expense. McKinsey projects an extra $200 billion annually for COVID-19 treatment and prevention in the US. 

Despite escalating healthcare costs, outcomes in the US don’t match the investment. In 2020, the US spent nearly 20% of its GDP on healthcare, surpassing most nations. However, the system fails to deliver proportionate results. Life expectancy plummeted by 2.4 years from 2019 to 2021, compared to just 0.3 years in other OECD countries, per the Peterson Centre on Healthcare. 

Women face unequal access to quality healthcare, leading to adverse outcomes. West Virginia and Mexico have alarming mortality rates among reproductive-age women, preventable with better healthcare access. Racial disparities worsen outcomes, especially in prenatal care. Shockingly, in states like Texas and Florida, nearly 29% of females missed crucial prenatal care in 2021, worsening the situation. 

Misunderstanding healthcare’s role in retirement planning is dangerous. Despite 84% of working Americans underestimating its impact, 38% of retirees aged 45 to 75 retired due to health issues. This discrepancy could lead to skyrocketing healthcare costs during retirement, demanding immediate attention and planning. 

Leading Players in the Health Industry 

Companies that are actively contributing to the betterment of the healthcare industry with their innovations and contributions include DexCom, Inc. (NASDAQ:DXCM), Iqvia Holdings Inc. (NYSE:IQV), Teladoc, and Doximity, among others. These companies are actively involved in advancing healthcare through various technologies, services, and products to enhance patient care, disease management, and overall healthcare delivery. 

DexCom, Inc. (NASDAQ:DXCM), a leader in continuous glucose monitoring technology since 1999, boasts a global team of 8,000 employees dedicated to empowering diabetes management. Their latest innovation, the Dexcom G7 CGM System, offers unparalleled accuracy and integrates seamlessly with insulin pumps, expanding accessibility. With a focus on enhancing user experience and product effectiveness, DexCom, Inc. (NASDAQ:DXCM)’s commitment to affordability and quality has seen significant revenue growth, reaching $1.03 billion in the fourth quarter of 2023, with a full-year revenue of $3.62 billion. DexCom, Inc. (NASDAQ:DXCM)’s ongoing advancements include the submission of Stelo, a new glucose sensor for type 2 diabetes, for FDA review, and improvements in pump connectivity and direct-to-watch features. 

Iqvia Holdings Inc. (NYSE:IQV), a global healthcare leader, pioneers innovative data-driven solutions to drive advancements and better patient outcomes worldwide. Through its Connected Intelligence, Iqvia Holdings Inc. (NYSE:IQV) accelerates the development and commercialization of medical treatments. Key innovations include an intelligent customer engagement platform, streamlined clinical development, and enhanced patient experiences. The company focuses on decentralized trials, biosimilar competition analysis, and increasing diversity in clinical research participation. Positioned for future growth, Iqvia Holdings Inc. (NYSE:IQV) leverages real-world data insights and aims to positively impact the health of 2.5 billion people by 2030. Financially, IQVIA reports strong revenue growth and aims for continued expansion, with an anticipated revenue range of $15.4 to $15.65 billion for 2024. 

A healthcare professional in a meeting with a patient discussing care options using digital technology.

Our Methodology  

For our methodology, we have ranked the countries with limited access to health care based on Physicians per million people. For the accuracy of data, we relied on World Atlas

Here is our list of the 25 countries with limited access to health care.

25. Guinea 

Physicians per Million People: 100 

Guinea’s healthcare system faces challenges including high injury mortality (72.8 per 100,000), diverse causes of death (infectious diseases, maternal conditions, neonatal issues), and rising non-communicable diseases (NCDs). Limited funding ($2,580 per capita income) hampers healthcare investment. However, efforts by the CDC, including the President’s Malaria Initiative, aim to improve disease surveillance and control, despite infrastructure constraints. 

24. Ghana  

Physicians per Million People: 96 

Ghana’s healthcare system shows progress with a 7% decrease in institutional mortality rates from 2014 to 2018. In 2018, Ghana recorded a 66.3% rise in total deaths compared to 2017, with non-communicable diseases and maternal mortality as leading causes. Malaria prevalence in children under five decreased significantly from 26.7% in 2014 to 8.6% in 2022, but HIV/AIDS rates remain high among key populations. USAID’s support has contributed to a 50% reduction in under-five mortality between 2008 and 2022, focusing on COVID-19 response, reproductive health, nutrition, malaria, HIV/AIDS, health system strengthening, WASH, and social protection. 

23. Congo 

Physicians per Million People: 95 

The Democratic Republic of Congo (DRC) struggles with limited healthcare access due to financial constraints and lack of universal coverage. Hospitals detain patients for unpaid bills, with over 60% of Congolese living on less than $2.15 a day. Despite allocating $42 million for maternal and neonatal care, financial challenges persist, impeding healthcare improvements. 

22. Zimbabwe 

Physicians per Million People: 83 

Zimbabwe’s healthcare system faces challenges due to economic crises, resulting in poor infrastructure and limited medical supplies, especially in rural areas. Common causes of death include HIV/AIDS, tuberculosis, malaria, and non-communicable diseases. Healthcare spending is low at $21 per citizen in 2020, far below international recommendations. Rural health centers receive inadequate funding despite serving a significant population. 

21. Mali  

Physicians per Million People: 83 

Mali’s healthcare access is limited, especially in maternal and child health, leading to high mortality rates. Maternal deaths are mainly due to hemorrhage and obstructed labor, worsened in rural areas with scarce interventions like caesarian sections. With a low per capita income of $2,160, Mali struggles with limited healthcare resources. The CDC and UNICEF support Mali’s healthcare, focusing on diseases like HIV, tuberculosis, malaria, and meningitis, while improving laboratory systems, surveillance, and workforce capacity.  

20. Cameroon 

Physicians per Million People: 80 

Cameroon faces significant healthcare challenges, including a critical shortage of personnel, low funding (only 4% of the national budget allocated to healthcare), and widespread corruption. Mortality rates remain high, with child mortality at 122 deaths per 1,000 live births, primarily due to infectious diseases like malaria. Health expenditure stands at around US$61 per capita, higher than the sub-Saharan African average but still insufficient. 

19. Timor Leste 

Physicians per Million People: 73 

Timor-Leste has made progress in healthcare since gaining independence but faces challenges in equitable access to hospital care. The health system operates on a constrained budget of US$8 per capita annually, with 75% of services provided by the public sector. Lack of patient transport, financial barriers, and socio-cultural factors hinder access to hospital care.  

18. Senegal  

Physicians per Million People: 59 

Senegal struggles with healthcare access, particularly in rural areas and among low-income groups, exacerbated by a shortage of healthcare professionals and low government spending. Common diseases like cardiovascular diseases, injuries, neonatal disorders, and communicable diseases contribute to excess mortality due to poor quality healthcare services.  

17. Benin  

Physicians per Million People: 59 

Benin’s healthcare system faces significant challenges, resulting in high mortality rates, particularly among mothers and newborns. In 2020, maternal mortality stood at 397 deaths per 100,000 live births, well above the global average of 223 deaths. Common diseases like malaria further strain the system, with 30 neonatal deaths per 1,000 births compared to the global average of 18 deaths.  

16. Papua New Guinea 

Physicians per Million People: 58 

Papua New Guinea grapples with significant healthcare challenges, including shortages of staff, underfunded facilities, and poor infrastructure, particularly in rural areas. This leads to limited access to essential medical care and high mortality rates, especially among mothers and children. Common diseases like HIV/AIDS, malaria, tuberculosis, and respiratory infections further strain the healthcare system. Efforts are underway, including the US$30 million IMPACT Health project and support from the Australian Government, to improve healthcare delivery, particularly in rural regions. 

15. Rwanda 

Physicians per Million People: 56 

Rwanda faces challenges in providing quality healthcare, particularly inequitable access. However, Rwanda has achieved remarkable health improvements, with significant drops in HIV, TB, and malaria deaths, and a 60% decrease in maternal mortality. Life expectancy has doubled, despite spending only $55 per person annually on healthcare. Rwanda’s primary health strategy aims for people to access facilities within 24 minutes by 2024, with innovative measures like establishing over 1,000 health posts closer to communities.  

14. Togo 

Physicians per Million People: 53 

Togo grapples with significant healthcare challenges, including high mortality rates among women and children. With 368 maternal deaths per 100,000 live births and a child mortality rate of nearly 1 in 10 not reaching their 5th birthday, access to quality healthcare remains limited. Mortality rates among older adults are notable, with 93.7% of deaths occurring in hospitals. Togo’s social health system covers only 7.6% of the population, highlighting the need for improved access. 

13. Central African Republic 

Physicians per Million People: 50 

The Central African Republic (CAR) grapples with severe healthcare challenges, primarily due to limited access to medical services, exacerbated by conflicts and a struggling health system. CAR has one of the highest HIV prevalence rates in Central Africa, and tuberculosis is a significant concern. The World Bank approved a $138 million grant for the Electricity Sector Strengthening and Access Project (PARSE) and allocated $70 million to restore and protect essential health services, including the COVID-19 response.  

12. Burkina Faso 

Physicians per Million People: 47 

Burkina Faso, a low-income Sahelian country, grapples with significant healthcare access challenges despite ongoing reforms. Common diseases like malaria and malnutrition contribute to high mortality rates. Over 40% live below the poverty line, exacerbating budget deficits, while inflation fluctuates due to insecurity and global events. 

11. Guinea Bissau 

Physicians per Million People: 45 

Guinea-Bissau grapples with dire healthcare challenges, including limited access, high mortality rates, and prevalent diseases. Maternal mortality is alarmingly high, reaching 549 deaths per 100,000 live births in 2015. Malaria is a major concern, deadlier than AIDS, with cholera outbreaks adding to public health threats. 

10. Mozambique 

Physicians per Million People: 40 

Mozambique grapples with healthcare access and mortality challenges despite initiatives like the COMSA project and community health worker deployments. Mortality rates vary by age, with neonatal and under-five mortality rates at 23 and 80 deaths per 1,000 live births, respectively. Financially, Mozambique’s GDP per capita was $504 in 2019, with health expenditure accounting for 8% of GDP.  

9. Gambia 

Physicians per Million People: 38 

Gambia faces significant challenges in healthcare access, highlighted by high mortality rates among children under 5. A tragic incident involving contaminated cough syrups from India led to the deaths of at least 70 children, sparking legal actions. Financial constraints, with an average monthly salary of $68 and half the population living below the poverty line, hinder access to necessary medical care.  

8. Chad 

Physicians per Million People: 37 

Chad struggles with limited healthcare access, characterized by a shortage of professionals, inadequate infrastructure, and financial constraints, resulting in poor health outcomes and high mortality rates. The country reports a death rate of 163.5 per 100,000 inhabitants, signaling an inefficient healthcare system. Out-of-pocket healthcare payments are high, covering around 60% of costs, imposing a significant financial burden on the population. Chad spends approximately $30 per capita on healthcare, leading to poorly equipped facilities and difficulties in paying healthcare workers. 

7. Somalia  

Physicians per Million People: 35 

Somalia struggles with healthcare access, with less than 30% of the population able to access services, mainly centralized in major towns. Dire health outcomes include high neonatal mortality (40 deaths per 1000 live births), under-5 mortality (137 deaths per 1000 live births), and maternal mortality (732 per 100,000 live births). A study in 2022 estimated 43,000 “excess deaths” due to drought, further straining the healthcare system. Somalia allocates minimal budget to healthcare, resulting in poor infrastructure and limited rural access (15%).  

6. Tanzania  

Physicians per Million People: 30 

Tanzania’s healthcare system faces significant challenges with limited access and high mortality rates. Between 2006-2015, 247,976 deaths were recorded, with malaria, respiratory diseases, and HIV/AIDS among the leading causes. Despite declines in some diseases, neonatal disorders saw a 128% increase. Over 60% of healthcare facilities are government-run, with low health insurance coverage (32%). The government allocated substantial funds, but private health insurance covers only 1%. Tanzania aims for universal healthcare, receiving support from donors like the US government through USAID and CDC.  

Click to see and continue reading the 5 Countries With Limited Access To Healthcare.

Suggested Articles:

Disclosure. None: The 25 Countries With Limited Access To Healthcare is originally published on Insider Monkey.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

 

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a year later!

A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…