The global Hospital Services market size is expected to reach USD 15.8 tillion by 2030 and is expected to expand at a CAGR of 9.1% from 2021 to 2030.
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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.
Report Coverage
| Report Scope | Details |
| Market Size | USD 15.8 trillion by 2030 |
| Growth Rate | CAGR of 9.1% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Service type, Hospital type, Service areas |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | HCA Healthcare; Mayo Clinic; Cleveland clinic; Tenet Healthcare; Spire Healthcare Group plc; Community Health Systems, Inc.; Fortis Healthcare; Ramsay Healthcare |
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
- North America
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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
Table of Contents
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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