Healthcare 2024

Investment Rating - The report does not explicitly provide an investment rating for the industry or companies involved [2]. Core Insights - The pharmaceutical sector is experiencing significant brand value growth, with the total brand value of the top 25 pharma brands increasing by 6% to USD 97.5 billion [15][16]. - Johnson & Johnson remains the most valuable pharma brand for the sixth consecutive year, with a brand value of USD 13.4 billion, reflecting a 5% increase [16][21]. - The healthcare services sector has seen a collective brand value increase of 16% year-on-year, reaching USD 165.8 billion, driven by heightened healthcare spending and technological advancements [39][40]. Summary by Sections Pharma 25 - Johnson & Johnson leads the pharma sector with a Brand Strength Index (BSI) score of 83.3 out of 100 [16]. - Novo Nordisk and Lilly are the fastest-growing pharma brands, with brand values increasing by 64% and 53% respectively [25]. - The restructuring trend among major pharma companies, such as Johnson & Johnson's spinoff of its consumer business, reflects a strategic focus on core pharmaceutical operations [21][22]. Medical Devices 25 - Fresenius has overtaken Medtronic as the most valuable medical devices brand, with a brand value of USD 7.7 billion, up 6% [28][30]. - Philips is recognized as the strongest medical devices brand, achieving a BSI score of 78.3 out of 100 [34]. - Unity Lab Services is the fastest-growing medical devices brand, with a 33% increase in brand value to USD 2.0 billion [32]. Healthcare Services 10 - UnitedHealthcare tops the healthcare services sector with a brand value of USD 47.6 billion, reflecting a 28% increase [43][50]. - Cigna has emerged as the fastest-growing healthcare services brand, with a 33% increase in brand value to USD 10.3 billion, driven by innovations in virtual care [48]. - The sector's growth is supported by demographic changes, increased healthcare spending, and advancements in technology [40][41].