Healthcare

Hospital Services Market Size Rate Increased 15.8 trillion by 2030

According  to Vision Research Reports The global hospital services market size is expected to be worth around US$ 15.8 trillion by 2030, the was valued at US$ 8.8 trllion in 2020 and is anticipated to grow at a CAGR of 9.1% during forecast period 2021 to 2030

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Hospital Services Market (By Service Type: Inpatient Service, Outpatient Services; By Hospital Type: Private Hospital, State-owned Hospital, Public/Community Hospital; By Service Areas: Acute Care, Cardiovascular, Cancer Care, Neurorehabilitation & Psychiatry Services, Pathology Lab, Diagnostics, and Imaging, Obstetrics & Gynecology, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Growth Factors

 Growing incidence of cancer & other chronic diseases and high cost of treatment are expected to be the vital impact rendering drivers for the market.

Medical costs have increased in the last few decades. Advanced diagnostic technology has paved the way for improved & early disease detection and aided research on treatments for terminal diseases, such as cancer. Medical innovation is primarily fueled by the sales profits made by various cutting-edge medical institutions. With increasing awareness and affordability, the market for medical services is expected to grow, which is already evident among many developed nations, as healthcare services contribute significantly to the growth of their GDP.

By Service Area Analysis

Hospital service areas are segmented by medical conditions into acute care, cancer care, cardiovascular, neurorehabilitation & psychiatry services, pathology lab diagnostics & imaging, obstetrics & gynecology, and others. Each service area covers a significant condition for a demographic and observes major diseases/conditions with high prevalence.

Among these segments, cancer and cardiovascular care were observed to be the largest individual in terms of medical costs incurred. The rise in the incidence of cancer and a globally aging population are expected to promote the growth of this segment.

By Service Type Analysis

Based on type, the hospital services market has been classified into inpatient and outpatient services. Till recently, inpatient services, including hospitalization procedures that require a patient stay, were considered as a primary revenue source for hospitals.

The outpatient market, on the other hand, is expected to grow in the future as a result of development in communication technology, which paved the way for the growth of telemedicine and remote consultation procedures.

By Hospital Analysis

The market has been segmented on the basis of hospital ownership type into private, state-owned, and community/public hospitals. The hospital market structure was influenced by the privatization of the hospital industry in the U.S. and U.K.

The hospital services industry is expected to exhibit growth, majorly attributed to private and community hospitals. Community/public hospitals remain the largest segment globally. Community hospitals are observed to have the largest number of patient beds and cater to numerous service areas/medical conditions via their specialized departments.

By Regional Analysis

North America accounted the regional segment in 2020 and held around 49.0% of revenue share. The rising cost of medical services and the increasing incidence of cancer in North America are expected to fuel the market growth during the forecast period.

However, Asia Pacific is anticipated to witness the fastest growth over the forecast period. Improving the quality of hospital services and the rising number of private players in countries such as China, India, & Thailand are expected to fuel the growth of the regional market.

Key Players

  • HCA Healthcare
  • Mayo Clinic
  • Cleveland clinic
  • Tenet Healthcare
  • Spire Healthcare Group plc
  • Community Health Systems, Inc.
  • Fortis Healthcare
  • Ramsay Healthcare

Market Segmentation

  • Service Type
    • Inpatient Service
    • Outpatient Services
  • Hospital Type
    • Private Hospital
    • State-owned Hospital
    • Public/Community Hospital
  • Service Areas
    • Acute Care
    • Cardiovascular
    • Cancer Care
    • Neurorehabilitation & Psychiatry Services
    • Pathology Lab, Diagnostics, and Imaging
    • Obstetrics & Gynecology
    • Others
  • Regional
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • Italy
      • France
      • Spain
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Thailand
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Columbia
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • South Africa

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

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Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Hospital Services Market, By Service Type

7.1.  Hospital Services Market, by Service Type, 2021-2030

7.1.1.    Inpatient Service

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Outpatient Services

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Hospital Services Market, By Hospital Type

8.1.  Hospital Services Market, by Hospital Type, 2021-2030

8.1.1.    Private Hospital

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    State-owned Hospital

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Public/Community Hospital

8.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Hospital Services Market, By Service Areas

9.1.  Hospital Services Market, by Service Areas, 2021-2030

9.1.1.    Acute Care

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Cardiovascular

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    Cancer Care

9.1.3.1.        Market Revenue and Forecast (2017-2030)

9.1.4.    Neurorehabilitation & Psychiatry Services

9.1.4.1.        Market Revenue and Forecast (2017-2030)

9.1.5.    Pathology Lab, Diagnostics, and Imaging

9.1.5.1.        Market Revenue and Forecast (2017-2030)

9.1.6.    Obstetrics & Gynecology

9.1.6.1.        Market Revenue and Forecast (2017-2030)

9.1.7.    Others

9.1.7.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Hospital Services Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Service Type (2017-2030)

10.1.2.  Market Revenue and Forecast, by Hospital Type (2017-2030)

10.1.3.  Market Revenue and Forecast, by Service Areas (2017-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Service Type (2017-2030)

10.1.4.2.      Market Revenue and Forecast, by Hospital Type (2017-2030)

10.1.4.3.      Market Revenue and Forecast, by Service Areas (2017-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Service Type (2017-2030)

10.1.5.2.      Market Revenue and Forecast, by Hospital Type (2017-2030)

10.1.5.3.      Market Revenue and Forecast, by Service Areas (2017-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Service Type (2017-2030)

10.2.2.  Market Revenue and Forecast, by Hospital Type (2017-2030)

10.2.3.  Market Revenue and Forecast, by Service Areas (2017-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Service Type (2017-2030)

10.2.4.2.      Market Revenue and Forecast, by Hospital Type (2017-2030)

10.2.4.3.      Market Revenue and Forecast, by Service Areas (2017-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Service Type (2017-2030)

10.2.5.2.      Market Revenue and Forecast, by Hospital Type (2017-2030)

10.2.5.3.      Market Revenue and Forecast, by Service Areas (2017-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Service Type (2017-2030)

10.2.6.2.      Market Revenue and Forecast, by Hospital Type (2017-2030)

10.2.6.3.      Market Revenue and Forecast, by Service Areas (2017-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Service Type (2017-2030)

10.2.7.2.      Market Revenue and Forecast, by Hospital Type (2017-2030)

10.2.7.3.      Market Revenue and Forecast, by Service Areas (2017-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Service Type (2017-2030)

10.3.2.  Market Revenue and Forecast, by Hospital Type (2017-2030)

10.3.3.  Market Revenue and Forecast, by Service Areas (2017-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Service Type (2017-2030)

10.3.4.2.      Market Revenue and Forecast, by Hospital Type (2017-2030)

10.3.4.3.      Market Revenue and Forecast, by Service Areas (2017-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Service Type (2017-2030)

10.3.5.2.      Market Revenue and Forecast, by Hospital Type (2017-2030)

10.3.5.3.      Market Revenue and Forecast, by Service Areas (2017-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Service Type (2017-2030)

10.3.6.2.      Market Revenue and Forecast, by Hospital Type (2017-2030)

10.3.6.3.      Market Revenue and Forecast, by Service Areas (2017-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Service Type (2017-2030)

10.3.7.2.      Market Revenue and Forecast, by Hospital Type (2017-2030)

10.3.7.3.      Market Revenue and Forecast, by Service Areas (2017-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Service Type (2017-2030)

10.4.2.  Market Revenue and Forecast, by Hospital Type (2017-2030)

10.4.3.  Market Revenue and Forecast, by Service Areas (2017-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Service Type (2017-2030)

10.4.4.2.      Market Revenue and Forecast, by Hospital Type (2017-2030)

10.4.4.3.      Market Revenue and Forecast, by Service Areas (2017-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Service Type (2017-2030)

10.4.5.2.      Market Revenue and Forecast, by Hospital Type (2017-2030)

10.4.5.3.      Market Revenue and Forecast, by Service Areas (2017-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Service Type (2017-2030)

10.4.6.2.      Market Revenue and Forecast, by Hospital Type (2017-2030)

10.4.6.3.      Market Revenue and Forecast, by Service Areas (2017-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Service Type (2017-2030)

10.4.7.2.      Market Revenue and Forecast, by Hospital Type (2017-2030)

10.4.7.3.      Market Revenue and Forecast, by Service Areas (2017-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Service Type (2017-2030)

10.5.2.  Market Revenue and Forecast, by Hospital Type (2017-2030)

10.5.3.  Market Revenue and Forecast, by Service Areas (2017-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Service Type (2017-2030)

10.5.4.2.      Market Revenue and Forecast, by Hospital Type (2017-2030)

10.5.4.3.      Market Revenue and Forecast, by Service Areas (2017-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Service Type (2017-2030)

10.5.5.2.      Market Revenue and Forecast, by Hospital Type (2017-2030)

10.5.5.3.      Market Revenue and Forecast, by Service Areas (2017-2030)

Chapter 11.  Company Profiles

11.1.              HCA Healthcare

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Mayo Clinic

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              Cleveland clinic

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Tenet Healthcare

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Spire Healthcare Group plc

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              Community Health Systems, Inc.

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              Fortis Healthcare

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              Ramsay Healthcare

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

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