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The physicians and other health practitioners market is forecasted to achieve high growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 3%, as per The Business Research Company’s market report!

Read More On The Physicians And Other Health Practitioners Market Report 2022 – https://www.thebusinessresearchcompany.com/report/physician-and-other-health-practitioner-global-market-report

The Physicians And Other Health Practitioners Market Size In 2022 And Forecast

The global physicians and other health practitioners market is expected to grow from $1.38 trillion in 2021 to $1.48 trillion in 2022 at a compound annual growth rate (CAGR) of 7.3%. 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 physicians and other health practitioners market is expected to grow to $1.71 trillion in 2026 at a CAGR of 3.7%.

The physicians and other health practitioners market consists of sales of physician and other health practitioners’ services and related goods by entities (organizations, sole traders and partnerships) that provide medical care services.

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Stable Economic Growth Is Driving The Growth Of The Physicians And Other Health Practitioners Market

The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period.

Competitive Landscape And The Regional Analysis Of The Physicians And Other Health Practitioners Market

Major players in the physicians and other health practitioners market are IHH Healthcare, MEDNAX, Fresenius Medical Care AG & Co. KGaA, NHS England, US Physical Therapy, Henry Schein, Inc., Healthway Medical Corp Ltd, and universal health services.

Additionally, as per TBRC’s research – North America was the largest region in the physicians and other health practitioners market in 2021 holding the largest market share.

The Physicians And Other Health Practitioners Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the physicians and other health practitioners market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the physicians and other health practitioners market.

Increasing Use Of E-Prescriptions– A Key Trend In The Physicians And Other Health Practitioners Market

Physicians and other health practitioners are increasingly using e-prescriptions to reduce errors and improve service quality. Electronic prescribing or e-prescribing (e-Rx) is the computer-based electronic generation, transmission and filling of a medical prescription. E-prescribing allows a physician, pharmacist, nurse practitioner, or physician assistant to electronically transmit a new prescription or renewal authorization to a community or mail-order pharmacy. E-prescribing is beneficial to physicians as it reduces errors due to handwritten prescriptions. The E-prescribing trend provides scope for improving physicians and other health professionals’ service quality.

Physicians And Other Health Practitioners Market Segmentation By The Business Research Company

1) By Type: Specialist Doctors, Primary Care Doctors, Podiatrists, Physical Therapists, Optometrists, Chiropractors

2) By End User Gender: Male, Female

3) By Type of Expenditure: Public, Private

Subsegments Covered: Doctors of Osteopathy, Psychiatrists, Psychologists, Other Healthcare Providers, Anesthesiologists, Cardiologists, Dermatologists, Obstetricians/ Gynecologists, Geriatricians, Neurologists, Neuropathologists, Pediatricians, Radiologists, Other Primary Care Doctors, General Podiatry, Podiatric Surgery, Podiatric Sports Medicine, Podopaediatrics

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