The Healthcare Services Market Share, Market Size, And Growth Rate 2022
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The healthcare services market is forecasted to achieve high growth in the coming few years with a forecast CAGR (compound annual growth rate) of almost 5%, as per The Business Research Company’s market report!
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The Healthcare Services Market Size In 2022 And Forecast
The global healthcare services market is expected to grow from $6.87 trillion in 2021 to $7.45 trillion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The healthcare services market is expected to grow to $9.01 trillion in 2026 at a CAGR of 4.9%.
The healthcare services market consists of sales of healthcare services and related goods by entities (organizations, sole traders and partnerships) that provide human healthcare services.
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Improved Survival Rates And Quality Of Life Is Driving The Growth Of The Healthcare Services Market
According to a report by Trend Watch, medical advances are responsible for a 70% improvement in survival rates for heart attack patients and a two-thirds reduction in mortality rates for those suffering from cancer. These factors contribute to the potential growth of the market.
Competitive Landscape And The Regional Analysis Of The Healthcare Services Market
Major players in the healthcare services market are UnitedHealth Group Incorporated, Kaiser Permanente, HCA Healthcare, Fresenius Medical Care AG & Co. KGaA, Tenet Healthcare, Mayo Clinic, Community Health Systems, Laboratory Corporation of America, Cleveland Clinic and Davita Inc.
Additionally, as per TBRC’s research – North America was the largest region in the healthcare services market in 2021 holding the largest market share.
The Healthcare Services Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the 3D cell culture technologies market.
The Shared Medical Appointments (SMA) Model – A Key Trend In The Healthcare Services Market
This is a model generally defined as multiple patients being seen as a group by a multi-disciplinary medical care team for follow-up or routine care. It is being adopted by hospitals to create awareness and counsel individual patients dealing with similar medical conditions. The SMA supplements the traditional physician-patient appointment.
Healthcare Services Market Segmentation By The Business Research Company
1) By Type: Medical And Diagnostic Laboratory Services, Dental Services, Home Health Care And Residential Nursing Care Services, Residential Substance Abuse And Mental Health Facilities, Hospitals And Outpatient Care Centers, Physicians And Other Health Practitioners, All Other Ambulatory Health Care Services, Ambulance Services
2) By End User Gender: Male, Female
3) By Type of Expenditure: Public, Private
Subsegments Covered: Medical Laboratory Services, Diagnostic Imaging Centers, General Dentistry, Oral Surgery, Orthodontics And Prosthodontics, Other Dental Services, Home Health Care Providers, Nursing Care Facilities, Orphanages & Group Homes, Retirement Communities, Residential Mental Health & Intellectual Disability Facilities, Substance Abuse Centers, Hospitals, Outpatient Care Centers, Specialist Doctors, Primary Care Doctors, Physical Therapists, Optometrists, Chiropractors, Podiatrists, Ground Ambulance Services, Air Ambulance Services, Water Ambulance Services
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