The healthcare services market is expected to reach over $9,816.85 billion in 2027 at a CAGR of 5.3%!
The shared medical appointments (SMA) model is being increasingly adopted globally to optimize resources and reduce costs. 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. SMAs provide individual evaluation and disease management for each patient at the same time that they provide counseling to the patient within a group setting. SMAs are currently used to address diabetes, asthma, ulcerative colitis, MS, cancer, HIV, menopause, insomnia and stress.
Healthcare Services Market Coverage
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. This industry includes establishments that provide services such as medical and diagnostic laboratory services, dental services, nursing care, residential substance abuse and mental health facilities and other healthcare services. The healthcare services market is segmented into 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; and ambulance services. Only goods and services traded between entities or sold to end consumers are included.
The Business Research Company covers 239 markets overall in the healthcare services market providing global market numbers, market growth, market-specific drivers and restraints, trends, and other market specific information. The healthcare services market is segmented in the following manner:
- 1. Medical And Diagnostic Laboratory Services
The medical and diagnostic laboratory services market consists of sales of medical and diagnostic laboratory services and related goods by entities (organizations, sole traders and partnerships) that provide diagnostics tests for various diseases. This industry includes CT scan centers, X- ray centers and other clinics that undertake disease diagnosis. The medical and diagnostic laboratory services market is segmented into medical laboratory services and diagnostic imaging centers. Only goods and services traded between entities or sold to end consumers are included.
The Medical And Diagnostic Laboratory Services market is sub-segmented into –
- 1.1 Medical Laboratory Services
- 1.2 Diagnostic Imaging Centers
- 2. Dental Services
The dental services market consists of sales of dental services and related goods by entities (organizations, sole traders and partnerships) that provide general dentistry, oral surgeries and orthodontics and prosthodontic services. This industry comprises establishments of licensed health practitioners having the degree of D.M.D. – Doctor of Dental Medicine, D.D.S. – Doctor of Dental Surgery, or D.D.Sc. – Doctor of Dental Science. The dental services market is segmented into general dentistry; oral surgery; orthodontics and prosthodontics; and other dental services. Only goods and services traded between entities or sold to end consumers are included.
The Dental Services market is sub-segmented into –
- 2.1 General Dentistry
- 2.2 Oral Surgery
- 2.3 Orthodontics And Prosthodontics
- 2.4 Other Dental Services
- 3. Home Health Care And Residential Nursing Care Services
The home health care and residential nursing care services market consists of sales of home health care and residential nursing care services and related goods by entities (organizations, sole traders and partnerships) that provide home health care and residential nursing care, including personal services, counselling services, vocational therapies, rest home services, social services, and nutritional services. The home health care and residential nursing care services market is segmented into home health care providers; nursing care facilities; orphanages & group homes; and retirement communities. Only goods and services traded between entities or sold to end consumers are included.
The Home Health Care And Residential Nursing Care Services market is sub-segmented into –
- 3.1 Home Health Care Providers
- 3.2 Nursing Care Facilities
- 3.3 Orphanages & Group Homes
- 3.4 Retirement Communities
- 4. Residential Substance Abuse And Mental Health Facilities
The residential substance abuse and mental health facilities market consists of sales of residential substance abuse and mental health facility services and related goods by entities (organizations, sole traders and partnerships) that provide residential mental health & intellectual disability facility services and substance abuse centers that offer treatment to drug addicted patients, counseling and other support services to mentally challenged patients. The residential substance abuse and mental health facilities market is segmented into residential mental health & intellectual disability facilities; and substance abuse centers. Only goods and services traded between entities or sold to end consumers are included.
The Residential Substance Abuse And Mental Health Facilities market is sub-segmented into –
- 4.1 Residential Mental Health & Intellectual Disability Facilities
- 4.2 Substance Abuse Centers
- 5. Hospitals And Outpatient Care Centers
The hospitals and outpatient care centers market consists of sales of hospitals and outpatient care services by entities (organizations, sole traders and partnerships) that are engaged in providing diagnostic and medical treatment to patients with a wide range of medical conditions. Clinics offer medical care or treatment that does not require any overnight stay in a hospital or medical facility. Outpatient care may be carried out in a medical office or at hospital. The hospitals and outpatient care centers market is segmented into hospitals and outpatient care centers. Only goods and services traded between entities or sold to end consumers are included.
The Hospitals And Outpatient Care Centers market is sub-segmented into –
- 5.1 Hospitals
- 5.2 Outpatient Care Centers
- 6. Physicians And Other Health Practitioners
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. This industry includes specialist doctors such as psychiatrists, psychologists and others that provide palliative care, treating psychosomatic disorders, mental disorders and others. It also includes primary care doctors and other physical therapists providing treatment in therapy areas such as cardiology, dermatology, neurology, gynecology, anesthesia and others. The physicians and other health practitioners market is segmented into specialist doctors; primary care doctors; physical therapists; optometrists; chiropractors and podiatrists. Only goods and services traded between entities or sold to end consumers are included.
The Physicians And Other Health Practitioners market sub-segmented into –
- 6.1 Specialist Doctors
- 6.2 Primary Care Doctors
- 6.3 Physical Therapists
- 6.4 Optometrists
- 6.5 Chiropractors
- 6.6 Podiatrists
- 7. All Other Ambulatory Health Care Services
The all other ambulatory health care services market consists of sales ambulatory healthcare services and related goods other than 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, and ambulance services by entities (organizations, sole traders and partnerships) that provide all other ambulatory health care services (except 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, and ambulance services). This industry includes establishments that provide outpatient care services such as dental services and other physician services. Only goods and services traded between entities or sold to end consumers are included.
- 8. Ambulance Services
The ambulance services market consists of sales of ambulance services and related goods by entities (organizations, sole traders and partnerships) that provide ambulance services for emergency access to healthcare in response to emergency calls, urgent doctor admissions and emergency hospital transfers. The ambulance services market is segmented into ground ambulance services; air ambulance services and water ambulance services. Only goods and services traded between entities or sold to end consumers are included.
The Ambulance Services market is sub-segmented into –
- 8.1 Ground Ambulance Services
- 8.2 Air Ambulance Services
- 8.3 Water Ambulance Services
- 9. Payer Services
The payer services market consists of sales of payer services by entities (organizations, sole traders and partnerships) that provide healthcare services which are outsourced by healthcare insurance providers/payers. These outsourcing solutions help the payers to streamline their business processes and deliver better services to their customers. Only goods and services traded between entities or sold to end consumers are included.
The Payer Services market is sub-segmented into –
- 9.1 Healthcare Reimbursement
- 9.2 Medical Billing Outsourcing
- 9.3 Value Based Care Payment
- 9.4 Revenue Cycle Management Software
- 10. Medical Tourism
The medical tourism market consists of sales of medical tourism services by entities (organizations, sole traders and partnerships) that provide medical tourism which includes revenues generated by healthcare service providers by diagnosing and treating the patients who travel across international borders to obtain medical treatment. Patients usually travel from countries lacking healthcare infrastructure or having high healthcare costs to major medical centers in developing countries. Only goods and services traded between entities or sold to end consumers are included.
- 11. Telemedicine Services
The telemedicine services market consists of sales of telemedicine services by entities (organizations, sole traders and partnerships) that provide telemedicine which is the exchange of medical information from one location to another using electronic communication to improve patient health status. Only goods and services traded between entities or sold to end consumers are included.
- 12. Stem Cell/Cord Blood Banking
The stem cell/cord blood banking global market consists of sales of stem cell/cord blood banking services and related goods. Cord stem cells are referred to as regenerative medicines which help in regeneration of tissues or cells in the body. Stem cells therapy is designed to aid the physician in performing medical treatment of different types of cancers, neurodegenerative diseases, graft-versus-host disease and heart diseases.
- 13. Protein Expression
The protein expression market consists of sales of protein expression vectors, competent cells, reagents, equipment and related services. Protein expression is a process in which proteins are synthesized, modified, regulated and controlled in living organisms according to the host cell. Protein expression included yeast expression, insect expression, and bacterial expression, algal expression and mammalian cell expression.
- 14. Metabolomics
The metabolomics market consists of sales of metabolomics analytical tools, equipment and related services. Metabolomics is the field of bio-analytics for quantification and identification of metabolic small molecules such as cell, tissue, organ and biological fluid. Metabolomics includes analytical instruments such as liquid chromatography, gas chromatography, capillary electrophoresis, mass spectrometry and nuclear magnetic resonance spectroscopy.
- 15. Isothermal Nucleic Acid Amplification Technology (INAAT)
The isothermal nucleic acid amplification technology (INAAT) market consists of sales of isothermal nucleic acid amplification technologies and related services. The services include only installation and maintenance services offered by equipment manufacturers. Isothermal nucleic acid amplification technologies are used to amplify DNA sequence from two different nucleic acids segments at the constant temperature.
- 16. Synthetic Biology
The synthetic biology market consists of sales of synthetic compound, technology and related services. Synthetic biology is a field of biology science which involve engineering principles.
- 17. Flow Cytometry
The flow cytometry market consists of sales of flow cytometry instruments, software and chemicals and related services. Flow cytometry is used to analyze characteristics of a biological cell such as cell size, cell count and cell complexity using laser optics. In the flow cytometry technique, cells are added to a fluid medium which is then passed through a pulsating laser beam. The cell then scatters the beam in different directions towards receptors that capture the light and translate it to data displayed on a monitor.
- 18. Induced Pluripotent Stem Cell (iPSC)
The induced pluripotent stem cell (iPSC) market consists of sales of induced pluripotent stem cells and related services. Induced pluripotent stem cells are the regenerated form of stem cells, which are produced from an existing adult cell, such as from hepatocytes, fibroblasts, keratinocytes and neurons.
- 19. Cell Based Assays
The cell based assays market consists of sales of cell based assays. Cell-based assays are analytical tools that are designed to study a mechanism or process of cellular function. Companies developing cell based assays provide consumables such as reagents, assays kits and microplates as well as instruments, services and software. This report includes sales of reagents, cell lines, microplates, microplate, assay kits, probes and labels, and others.
- 20. Blood And Blood Components
The blood and blood components market consist of sales of blood and blood component. The market involves collection of donor's blood and segregating it into required components for the purpose of therapy.
- 21. Convalescent Plasma Therapy
The convalescent plasma therapy market consists of sales of convalescent plasma obtained from patients who have recovered from an infection. Convalescent plasma is the plasma collected from the recovered or convalesced people consisting of the antibodies against the infection causing microorganism. The revenue generated by the market includes the sales of convalescent plasma collected from people post-infection, which will be utilized for prophylaxis and treatment of infected patients with the respective microorganism. The companies engaged in the convalescent plasma market are primarily engaged in the collection and processing of convalesced plasma for the utilization by research institutes, laboratories, hospitals and clinics.
- 22. Biophotonics
The biophotonics market consists of revenues generated from the sales of biophotonic instruments combining optics, nanotechnology, photonics, and biotechnology. Biophotonics is the combination of photonics and biology and is a multidisciplinary research field embracing all light-based technologies applied to life sciences and medicine. It refers to the use of photonic or optical means to examine, control, and track biological processes at various levels of biology: cellular, tissue, molecular, and organism level.
- 23. CRISPR Technology
The CRISPR technology market consists of sales of CRISPR technology products and services which is a gene-editing technology that allows researchers to alter DNA sequences and modify gene function. CRISPR is a group of DNA sequences present in the genomes of bacteria and archaea, which are prokaryotic species. These sequences are obtained from bacteriophage DNA pieces that infected the prokaryote before.
- 24. Digital Health
The digital health market consists of sales of digital health services by entities (organizations, sole traders, and partnerships) that are engaged in providing digital health services for the smooth functioning of healthcare-related services. Digital health refers to the use of information technology/electronic communication tools, services, and procedures to provide healthcare services or to promote improved health care. Only goods and services traded between entities or sold to end consumers are included.
- 25. Telehealth
The telehealth market consists of sales of telehealth services by entities (organizations, sole traders and partnerships) that are engaged in providing telehealth services for the smooth functioning of healthcare services. Telehealth is the use of electronic data and telecommunications technology to promote long-distance medical healthcare services, patient and professional health education, public health, and health management. Technologies comprise streaming media, teleconferencing, web, store-and-forward imaging, terrestrial and wireless communications.
- 26. Pyrogen Testing
The pyrogen testing market consists of sales of pyrogen testing and related services by entities (organizations, sole traders and partnerships) that provide pyrogen testing to check the presence or absence of pyrogens in all aqueous parenterals. Pyrogen testing determines the presence of bacterial toxins in vaccines, biotechnological products, and drugs, which induces fever in humans. It also determines the presence of microbes and their metabolites in drugs during the manufacturing process.
- 27. Antimicrobial Susceptibility Testing
The antimicrobial susceptibility testing market consists of sales of antimicrobial susceptibility testing by entities (organizations, sole traders and partnerships) that are engaged in laboratory services that provides antimicrobial susceptibility testing. Antimicrobial Susceptibility Testing (AST) is a laboratory procedure done by clinical laboratory professionals to identify which antimicrobial specimen is specifically effective for individual patients.
- 28. Mycoplasma Testing
The mycoplasma testing market consists of sales of mycoplasma testing services and related products by entities (organizations, sole traders, and partnerships) that provide mycoplasma testing to detect mycoplasma pneumoniae, which causes mycoplasma pneumonia. Mycoplasma pneumonia is a contagious respiratory infection that spreads easily through contact with respiratory fluids. It can cause epidemics. Mycoplasma testing includes a group of tests that measures antibodies in the blood produced in response to a mycoplasma infection and detects the microbe directly through detecting or culturing its genetic material (DNA) in a body sample.
- 29. Soft Tissue Repair
The soft tissue repair market consists of sales of soft tissue repair by entities (organizations, sole traders, and partnerships) that manufacture soft tissue repair products. Soft tissue repair is defined as the replacement of wounded or damaged tissues with healthy tissues.
- 30. Other Services & Products
The other services & products market consists of sales of gene editing services and devices, and others.
The other esrvices & products are sub-segmented into –
How Can We Help?
The Business Research Company`s Healthcare Services Market Research Practice provides marketing, planning and strategy departments with a wider range of market, business, customer and competitor intelligence services across different segments of the healthcare services industry. The healthcare services market research services and solutions The Business Research Company provides are as follows —
- Healthcare Services Market Sizing, Forecast and Trend Analysis
- Healthcare Services Market Competitor Analysis
- Healthcare Services Market Supply Chain Analysis
- Healthcare Services Market Customer Research
- Healthcare Services Market Partner or Distribution Research
- Healthcare Services Market Entry Strategy Research Study
- Healthcare Services Industry Analysis and Profiling
- Healthcare Services Market Regulations
