Essential to the Economy
High-quality healthcare services are an essential part of any community. Naturally, the healthcare industry handles emergencies, facilitates healing, and improves everyone’s quality of life. But it’s also one of the most powerful economic engines in the country.
The Healthcare Industry is Thriving
The healthcare services sector has been, is currently, and will remain strong. In 2021, the national healthcare expenditure reached $4.3 trillion, including $633.4 billion in physician services and $125.2 billion in home healthcare.[1] This upward trend is all but guaranteed to continue.
The value of the market is expanding, too. The U.S. healthcare market was valued at $10.30 trillion in 2021; by 2030, that number is expected to balloon to $21.06 trillion.[2]
In line with this expansion, demand for high-quality healthcare services is also on the rise. Most health professions are projected to see steady job growth, including optometrists (10%),[3] chiropractors (10%),[4] dentists (6%),[5] physicians and surgeons (3%),[6] and more.
As home to a large aging population and continued healthcare tech innovations, California is uniquely positioned to reap the benefits of the thriving healthcare services industry.[7]
In Camarillo, we're home to the esteemed St. John’s Hospital Camarillo, one of the largest employers in Camarillo, and home to the only hyperbaric medicine unit and the first-ever cardiac catheterization lab in Ventura County.
Strengthen Your Business in Camarillo
With a growing population, a median household income over $100,000, and a median age of 40, Camarillo is an attractive destination to start or relocate your healthcare business.
You won’t have to go far for qualified help, either—42% of Camarillo residents over 25 hold a Bachelor’s degree or higher. Additionally, our local Health Science program at California State University Channel Islands (CSUCI) offers a solid foundation for a variety of roles in public and private health services, as well as graduate studies.
Whether you offer specialized services, a private practice, or at-home care, you can help Camarillo residents maintain their high quality of life—and we’ll help you do it. Browse our extensive resources for businesses, or get in touch to take advantage of the City of Camarillo Business Loan Fund.
We believe a healthy community and a healthy economy go hand-in-hand. To complete the equation, all we need is you.
[1] American Medical Association. Trends in health care spending. https://www.ama-assn.org/about/research/trends-health-care-spending
[2] Verified Market Research. Global Healthcare Services Market Size By Type (Hospitals And Clinics, Pharmaceutical Companies), By Expenditure (Public, Private), By Geographic Scope And Forecast. https://www.verifiedmarketresearch.com/product/healthcare-services-market/
[3] U.S. Bureau of Labor Statistics. Occupational Outlook Handbook: Optometrists. https://www.bls.gov/ooh/healthcare/optometrists.htm
[4] U.S. Bureau of Labor Statistics. Occupational Outlook Handbook: Chiropractors. https://www.bls.gov/ooh/healthcare/chiropractors.htm
[5] U.S. Bureau of Labor Statistics. Occupational Outlook Handbook: Dentists. https://www.bls.gov/ooh/healthcare/dentists.htm
[6] U.S. Bureau of Labor Statistics. Occupational Outlook Handbook: Physicians and Surgeons. https://www.bls.gov/ooh/healthcare/physicians-and-surgeons.htm
[7] Employment Development Department, State of California. Health Care in California. https://labormarketinfo.edd.ca.gov/Health_Care_in_California.html
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