Healthcare Market 2020 | Global Industry Analysis By Trends, Size, Share, Company Overview, Growth And Forecast

Healthcare Market - By Types (Healthcare Services, Pharmaceutical Drugs, Medical Equipment, Biologics And Veterinary Healthcare), By Competitors, And By Region, Opportunities And Strategies – Global Forecast To 2022 By The Business Research Company

The global market for healthcare reached a value of nearly $8452.0 billion in 2018, having grown at a compound annual growth rate (CAGR) of 7.31% since 2014, and is expected to grow at a CAGR of 8.95% to nearly $11908.9 billion by 2022.

The Key drivers of the healthcare market include:
Rapid Growth In Elderly Populations – The aging population profile of most countries contributed to the growth of the healthcare services market. During the historic period, there was an increase of 33% of aged population, according to estimates based on Population Reference Bureau data. In 2017, number of people over the age of 60 were 962 million comprising 13% of the global population. The rising prevalence of diseases in old age drove the healthcare services market during this period and is expected to continue over the forecast period. The increase in the aging population has increased the patient pool of many chronic diseases such as rheumatoid arthritis, hypertension, diabetes and cancer. For example, in the US, there were about 11.2 million diabetic patients in the 65+ age group. This has led to increased demand for healthcare services, significantly impacting market growth during this period.

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Healthcare Market Segmentation:
The healthcare market is segmented by type and by geography.
By Type - The healthcare market can be segmented by type into
a) Healthcare Services
b) Pharmaceutical Drugs
c) Medical Equipment
d) Biologics
e) Veterinary Healthcare
Healthcare services was the largest segment of the healthcare market, accounting for 79.4% of the total in 2018. Going forward, the fastest growing segments in the healthcare market will be biologics and veterinary healthcare, where growth will be at CAGRs of 13.6% and 10.9% respectively.

By Type Of Healthcare Services - The healthcare services market can be segmented by type into
a) Medical And Diagnostic Laboratory Services
b) Medical Laboratory Services
c) Diagnostic Imaging Centers
d) Dental Services
e) Nursing Care
f) Hospitals And Clinics
g) Physicians And Other Health Practitioners
h) All Other Ambulatory Health Care Services

By Type Of Dental Services - The healthcare services market can be segmented by type of dental services into
a) General Dentistry
b) Oral Surgery
c) Orthodontics And Prosthodontics

By Type Of Nursing Care - The healthcare services market can be segmented by type of nursing care into
a) Home Health Care Providers
b) Nursing Care Facilities
c) Group Care Homes
d) Retirement Communities

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By Geography - The healthcare market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in healthcare market are
• National Health Service
• Kaiser Permanente
• Johnson & Johnson
• Pfizer
• Novartis AG

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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