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Private Healthcare Market Foreseen to Grow Exponentially Over 2020 : Persistence Market Research
North America dominates the global market for private healthcare due to large number of aging population and increasing lifestyle associated diseases. Asia followed by the Europe are expected to show high growth rates in the next five years in the global private healthcare market. China and India are expected to be the fastest growing private healthcare markets in Asia-Pacific region. Some of the key driving forces for private healthcare market in emerging countries are large pool of patients, increasing healthcare awareness and increasing healthcare expenditure. In addition, in the emerging countries due to lack of resources the government is not able to meet healthcare needs.
In recent times there is increased use of private healthcare due to increasing demand of healthcare services. Increasing geriatric population, improved reimbursement policies and increasing incidence of chronic diseases are some of the key factors driving the growth for the global private healthcare market. In addition, high amount of National Health Services (NHS) outsourcing and emergence of advance medical technologies and treatment are also fuelling the growth of the global private healthcare market. However, high cost involvement and economic slowdown are some of the major factors restraining the growth for global private healthcare market.
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Increasing medical tourism and less waiting time for treatments would develop opportunity for the global private healthcare market. The trend for the global private healthcare market is increasing demand for diagnostic treatment and care. Some of the major companies operating in the global private healthcare market are Bupa Care Homes Plc, Bupa Insurance Ltd., Capita Health and Wellbeing Ltd., Four Seasons Healthcare Ltd., Colombia Asia, MedLife and Hca International.
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Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated re-search, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Con-sumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
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