The global healthcare services market size is expected to grow from $6.87 trillion in 2021 to $7.55 trillion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The healthcare services market is expected to reach $10.41 trillion in 2026 at a CAGR of 8.4%.
What is the Global Healthcare Services Market?
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.
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What drives the Global Healthcare Services Market?
Survival rates and quality of life have improved tremendously over the past decade. Medical and technological advances have played an important role in their progress. High technology diagnostics and therapeutic equipment integrating doctors’ practice patterns have improved healthcare services delivery. According to a report by TrendWatch, 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 healthcare services market.
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https://www.thebusinessresearchcompany.com/report/healthcare-services-global-market-reportGlobal Healthcare Services Market Segments
The global healthcare services market is segmented:
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
By End-User Sex: Male, Female
By Type of Expenditure: Public, Private
By Geography: The regions covered in the healthcare services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Healthcare Services Global Market Report 2022provides market size and growth forecasts for the global healthcare services market, global healthcare services market share, healthcare services market segments and geographies, healthcare services market competitive landscape including leading competitors’ revenues, profiles and market shares. The healthcare services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Healthcare Services Industry Playersinclude 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. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.