Global Hospitals And Outpatient Care Centers Market Report 2020 - Opportunities And Strategies, Market Forecast And Trends
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The global hospitals and outpatient care centers market is expected to decline from $3831.9 billion in 2019 to $3525.9 billion in 2020 at a compound annual growth rate (CAGR) of -8%. The decline is mainly due to the COVID-19 outbreak and extending lockdown as a measure to contain it. The shutdown of nonessential medical care services as recommended by state and national officials, as a measure to contain the virus spread resulted in financial crises for hospitals, outpatient care centers, and other private clinics. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $5401.9 billion in 2023.
The hospitals and clinics market consist of sales of hospital and outpatient care services and related goods by entities (organizations, sole traders and partnerships) that provide hospital and outpatient care services. This industry includes hospitals such as general hospitals, specialty hospitals and psychiatric and substance abuse hospitals that provide treatment and diagnosis for various diseases. It also includes establishments such as clinics that provide kidney dialysis, family planning counselling and other outpatient care services.
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The Global Hospitals And Outpatient Care Centers Market is further segmented based on type, end-user gender, type of expenditure and geography.
By Type, Hospitals, Outpatient Care Centers.
By End User Gender, Male, Female.
By Type of Expenditure: Public, Private.
Subsegments Covered: General Medical And Surgical Hospitals, Specialty (except Psychiatric And Substance Abuse) Hospitals, Psychiatric And Substance Abuse Hospitals, Freestanding Ambulatory Surgical And Emergency Centers, HMO Medical Centers, All Other Outpatient Care Centers, Kidney Dialysis Centers, Outpatient Mental Health And Substance Abuse Centers, Family Planning Centers.
By Geography: The global hospitals and outpatient care centers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American hospitals and outpatient care centers market was the largest region in the global hospitals and outpatient care centers market 2019.
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Trends In The Hospitals And Outpatient Care Centers Market
Big data analytics technologies are increasingly being adopted by hospital service providers to generate valuable insights to deliver quality care. Such technology offers tools to analyze large data sets to generate critical information associated with patient medical history and preferences. It generates insights to improve and streamline processes, enhance patient satisfaction levels, and offer quality care to the patients. Big data analytics solutions providers are also offering applications to the patients to track and manage their health and help identify healthcare service providers.
Hospitals And Outpatient Care Centers Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides hospitals and outpatient care centers market overviews, analyzes and forecasts market size and growth for the global hospitals and outpatient care centers market, hospitals and outpatient care centers market share, hospitals and outpatient care centers market players, hospitals and outpatient care centers market segments and geographies, hospitals and outpatient care centers market’s leading competitors’ revenues, profiles and market shares. The hospitals and outpatient care centers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.