by According to Precedence Research, during the forecast period of 2020 to 2027, the global hospital services market is estimated to develop at a compound annual growth rate (CAGR) of 8.2%. The global hospital services market was valued at USD 9.58 Trillion in 2020, and it is predicted to exceed USD 16.45 Trillion by 2027. The study investigates several elements and their consequences on the growth of the hospital services market.
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Growth Factor
Key factors driving the global hospital services market are rise in prevalence of chronic diseases, aging population, rise in disposable income especially in the developing countries, and spike in the penetration of health insurance services. People with an age of 60 years and above are expected to contribute around 17% of the world’s population by 2030, high from the present population rate of 12%. Moreover, World Health Organization (WHO) has reported that around 70% of global deaths were due to non-communicable diseases in the year 2015.
The hospital infrastructure is still underdeveloped in several developing countries of Africa, the Asia Pacific, and Latin America. In India, the number of hospital beds is less than 1 per 1,000 populations that is quite below the Organization for Economic Co-operation and Development (OECD) average of more than 5 and the WHO average of around 2.7. This gap between supply and demand of hospital beds in developing and underdeveloped economies has led to significant growth in the private hospitals market. Apollo Hospitals Enterprise Ltd., India’s largest private hospital services provider, has expanded its capacity from 150 beds in 1983 to over 9,500 beds in 69 hospitals.
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This report focuses on hospital services market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall hospital services market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Middle East & Africa, Latin America, etc.
The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Report Highlights
- In 2019, North America emerged as a global leader accounting for a revenue share of nearly 50% in the global market due to rising cancer cases and cost of medical services
- The Asia Pacific exhibits attractive growth over the forecast period. Increasing investment for the developed of hospitals and rising number of private market players
- By service area, cancer and cardiovascular care were observed as the prominent revenue shareholder owing to aging population and cancer cases across the world
- Based on service type, inpatient service was the prominent segment in the global market because of hospitalization procedures that require long hospital stay
- Development in the communication technology anticipated to spur the growth of outpatient service over the analysis period
- In 2019, community hospitals were the largest revenue contributor and observed to grow at a steady pace during the coming years.
- Private hospitals seek lucrative growth over the forecast period due to the expansion of specialist capabilities and specifically cater to the critical patients
In-Depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of hospital services, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of hospital services has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the hospital services market.
Some of the prominent players in the hospital services market include:
- Mayo clinic
- HCA Healthcare
- Cleveland clinic
- Spire Healthcare Group plc
- Ramsay Health Care
- Ascension Health
- Community Health Systems, Inc.
- Tenet Healthcare
- Fortis Healthcare
Segments Covered in the Report
By Hospital Type
- State-owned Hospital
- Private Hospital
- Public/ Community Hospital
By Service Type
- Outpatient Services
- Inpatient Service
By Service Areas
- Cardiovascular
- Acute Care
- Cancer Care
- Diagnostics, and Imaging
- Neurorehabilitation & Psychiatry Services
- Gynecology
- Others
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- What value propositions should businesses aim at while making new research and development funding?
- Which regulations will be most helpful for stakeholders to boost their supply chain network?
- Which regions might see the demand maturing in certain segments in near future?
- What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
- Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
- Which government regulations might challenge the status of key regional markets?
- How will the emerging political and economic scenario affect opportunities in key growth areas?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
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 Process
2.2 Market Research Process
2.3 Market Research Approach
2.4 Data Sources
2.5 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
Chapter 5 COVID 19 Impact on Hospital Services Market
5.1 COVID-19 Landscape
5.2 COVID 19 – Impact Assessment for the Healthcare Industry
5.3 Covid-19 Impact: Global Major Government Policy
5.3.1 US
5.3.1.1 Fiscal
5.3.1.2 Monetary and macro-financial
5.3.2 China
5.3.2.1 Fiscal
5.3.2.2 Monetary and macro-financial
5.3.2.3 Exchange rate and balance of payments
5.3.3 India
5.3.3.1 Fiscal
5.3.3.2 Monetary and macro-financial
5.3.3.3 Exchange rate and balance of payments
5.3.4 Italy
5.3.4.1 Fiscal
5.3.4.2 Monetary and macro-financial
5.3.5 Spain
5.3.5.1 Fiscal
5.3.5.2 Monetary and macro-financial
5.3.6 Germany
5.3.6.1 Fiscal
5.3.6.2 Monetary and macro-financial
5.3.7 Australia
5.3.7.1 Fiscal
5.3.7.2 Monetary and macro-financial
5.3.7.3 Exchange rate and balance of payments
5.4 Market Trends and Hospital Services Opportunities in the COVID-19 Landscape
Chapter 6 Market Dynamics Analysis and Trends
6.1 Hospital services market dynamics
6.1.1 Hospital services market dynamics
6.1.2 Market Drivers
6.1.2.1 Rising cancer incidences to augment hospital services market
6.1.2.2 Increasing knee replacement surgeries to drive hospital services market
6.1.2.3 Availability of next-generation stents to boost the demand for hospital services market
6.1.3 Market Restraints
6.1.3.1 High cost of surgical procedures to restraint global hospital services market
6.1.4 Market Opportunities
6.1.4.1 Digital transformation in the healthcare sector to create new avenues in the hospital service market
Chapter 7 Hospital Services Market, Hospital Type
7.1 Hospital Services Market, by Hospital Type, 2016-2027
7.1.1 Global Hospital Services Market Revenue and Growth Rate analysis by Hospital Type (2016-2027)
7.1.2 Global Hospital Services Market Revenue Share (%) by Hospital Type in 2020 and 2027
7.1.3 State-owned Hospital
7.1.4 Private Hospital
7.1.5 Public/ Community Hospital
Chapter 8 Hospital Services Market, Service Type
8.1 Hospital Services Market, by Service Type, 2016-2027
8.1.1 Global Hospital Services Market Revenue and Growth Rate Analysis by Service Type (2016-2027)
8.1.2 Global Hospital Services Market Revenue Share (%) by Service Type in 2019 and 2027
8.1.3 Outpatient Services
8.1.4 Inpatient Service
Chapter 9 Hospital Services Market, Service Areas
9.1 Hospital Services Market, by Service Areas, 2016-2027
9.1.1 Global Hospital Services Market Revenue and Growth Rate Analysis by Service Areas (2016-2027)
9.1.2 Global Hospital Services Market Revenue Share (%) by Service Areas in 2020 and 2027
9.1.3 Cardiovascular
9.1.4 Acute Care
9.1.5 Cancer Care
9.1.6 Diagnostics & Imaging
9.1.7 Neurorehabilitation & Psychiatry Services
9.1.8 Gynecology
9.1.9 Others
Chapter 10 Global Hospital Services Market Analysis by Region
10.1 Global Hospital Services Market Analysis by Regions (2016-2027)
10.1.1 Global Hospital Services Market Revenue and Forecast (2016-2027)
10.2 Global Hospital Services Market Analysis by Regions (2016-2027)
10.2.1 Global Hospital Services Market Size Comparison by Regions (2016-2027)
10.2.2 North America Hospital Services Market Revenue and Forecast (2016-2027)
10.2.3 North America Hospital Services Market Revenue and Forecast, by country (2016-2027)
10.2.3.1 US Hospital Services Market Revenue and Forecast (2016-2027)
10.2.3.2 Rest of North America Hospital Services Market Revenue and Forecast (2016-2027)
10.2.4 Europe Hospital Services Market Revenue and Forecast (2016-2027)
10.2.5 Europe Hospital Services Market Revenue Comparison by Country (2016-2027)
10.2.6 Europe Hospital Services Market Revenue and Forecast, by country (2016-2027)
10.2.6.1 Germany Hospital Services Market Revenue and Forecast (2016-2027)
10.2.6.2 UK Hospital Services Market Revenue and Forecast (2016-2027)
10.2.6.3 France Hospital Services Market Revenue and Forecast (2016-2027)
10.2.6.4 Rest of EU Hospital Services Market Revenue and Forecast (2016-2027)
10.2.7 Asia Pacific Hospital Services Market Revenue and Forecast (2016-2027)
10.2.8 Asia Pacific Hospital Services Market Revenue Comparison by Country (2016-2027)
10.2.9 Asia Pacific Hospital Services Market Revenue and Forecast, by country (2016-2027)
10.2.9.1 China Hospital Services Market Revenue and Forecast (2016-2027)
10.2.9.2 Japan Hospital Services Market Revenue and Forecast (2016-2027)
10.2.9.3 India Hospital Services Market Revenue and Forecast (2016-2027)
10.2.9.4 Rest of Asia Pacific Hospital Services Market Revenue and Forecast (2016-2027)
10.2.10 Latin America Hospital Services Market Revenue and Forecast (2016-2027)
10.2.11 Latin America Hospital Services Market Revenue, Production, and Forecast, by country (2016-2027)
10.2.12 Latin America Hospital Services Market Revenue and Forecast, by country (2016-2027)
10.2.12.1 Brazil Hospital Services Market Revenue and Forecast (2016-2027)
10.2.12.2 Rest of LATAM Hospital Services Market Revenue and Forecast (2016-2027)
10.2.13 Middle East and Africa Hospital Services Market Revenue and Forecast (2016-2027)
10.2.14 MEA Hospital Services Market Revenue and Forecast, by country (2016-2027)
10.2.15 Middle East and Africa Hospital Services Market Revenue and Forecast, by country (2016-2027)
10.2.15.1 GCC Hospital Services Market Revenue and Forecast (2016-2027)
10.2.15.2 South Africa Hospital Services Market Revenue and Forecast (2016-2027)
10.2.15.3 North Africa Hospital Services Market Revenue and Forecast (2016-2027)
10.2.15.4 Rest of MEA Hospital Services Market Revenue and Forecast (2016-2027)
Chapter 11 Global Hospital Services Market, Regional Estimates and Trend Forecast
11.1 North America
11.1.1 North America Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.1.2 North America Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.1.3 North America Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.1.4 U.S.
11.1.4.1 U.S. Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.1.4.2 U.S. Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.1.4.3 U.S. Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.1.5 Rest of North America
11.1.5.1 Rest of North America Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.1.5.2 Rest of North America Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.1.5.3 Rest of North America Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.2 Europe
11.2.1 Europe Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.2.2 Europe Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.2.3 Europe Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.2.4 Germany
11.2.4.1 Germany Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.2.4.2 Germany Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.2.4.3 Germany Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.2.5 UK
11.2.5.1 UK Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.2.5.2 UK Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.2.5.3 UK Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.2.6 France
11.2.6.1 France Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.2.6.2 France Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.2.6.3 France Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.2.7 Rest of Europe
11.2.7.1 Rest of Europe Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.2.7.2 Rest of Europe Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.2.7.3 Rest of Europe Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.3 Asia Pacific
11.3.1 Asia Pacific Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.3.2 Asia Pacific Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.3.3 Asia Pacific Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.3.4 China
11.3.4.1 China Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.3.4.2 China Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.3.4.3 China Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.3.5 Japan
11.3.5.1 Japan Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.3.5.2 Japan Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.3.5.3 Japan Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.3.6 India
11.3.6.1 India Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.3.6.2 India Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.3.6.3 India Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.3.7 Rest of Asia Pacific
11.3.7.1 Rest of Asia Pacific Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.3.7.2 Rest of Asia Pacific Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.3.7.3 Rest of Asia Pacific Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.4 Latin America
11.4.1 Latin America Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.4.2 Latin America Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.4.3 Latin America Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.4.4 Brazil
11.4.4.1 Brazil Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.4.4.2 Brazil Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.4.4.3 Brazil Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.4.5 Rest of LATAM
11.4.5.1 Rest of LATAM Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.4.5.2 Rest of LATAM Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.4.5.3 Rest of LATAM Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.5 Middle East and Africa
11.5.1 Middle East & Africa Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.5.2 Middle East & Africa Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.5.3 Middle East & Africa Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.5.4 GCC
11.5.4.1 GCC Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.5.4.2 GCC Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.5.4.3 GCC Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.5.5 North Africa
11.5.5.1 North Africa Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.5.5.2 North Africa Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.5.5.3 North Africa Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.5.6 South Africa
11.5.6.1 South Africa Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.5.6.2 South Africa Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.5.6.3 South Africa Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
11.5.7 Rest of MEA
11.5.7.1 Rest of MEA Hospital Services Market Revenue (Billion USD) by Hospital Type (2016-2027)
11.5.7.2 Rest of MEA Hospital Services Market Revenue (Billion USD) by Service Type (2016-2027)
11.5.7.3 Rest of MEA Hospital Services Market Revenue (Billion USD) by Service Areas (2016-2027)
Chapter 12 Competitive Landscape
12.1 Company Positioning Analysis, 2020
12.2 Hospital Services Market Revenue Analysis, For Top Players (2018-2020)
12.3 Key Strategies Adopted by Players
Chapter 13 Company Profile
13.1 HCA Healthcare
13.1.1 Company Overview
13.1.2 Business Outline
13.1.3 Financial Performance
13.1.4 Revenue, and Gross Margin (2018-2020)
13.1.5 Recent Initiatives
13.2 Cleveland Clinic
13.2.1 Company Overview
13.2.2 Business Outline
13.2.3 Financial Performance
13.2.4 Revenue, and Gross Margin (2018-2020)
13.2.5 Recent Initiatives
13.3 Spire Healthcare Group plc
13.3.1 Company Overview
13.3.2 Business Outline
13.3.3 Financial Performance
13.3.4 Revenue, and Gross Margin (2018-2020)
13.3.5 Recent Initiatives
13.4 Ramsay Health Care
13.4.1 Company Overview
13.4.2 Business Outline
13.4.3 Financial Performance
13.4.4 Revenue, and Gross Margin (2018-2020)
13.4.5 Recent Initiatives
13.5 Ascension Health
13.5.1 Company Overview
13.5.2 Business Outline
13.5.3 Financial Performance
13.5.4 Revenue, and Gross Margin (2018-2020)
13.5.5 Recent Initiatives
13.6 Community Health Systems, Inc.
13.6.1 Company Overview
13.6.2 Business Outline
13.6.3 Financial Performance
13.6.4 Revenue, and Gross Margin (2018-2020)
13.6.5 Recent developments
13.7 Tenet Healthcare
13.7.1 Company Overview
13.7.2 Business Outline
13.7.3 Financial Performance
13.7.4 Revenue, and Gross Margin (2018-2020)
13.7.5 Recent developments
13.8 Fortis Healthcare
13.8.1 Company Overview
13.8.2 Business Outline
13.8.3 Financial Performance
13.8.4 Revenue, and Gross Margin (2018-2020)
13.8.5 Recent Developments
13.9 Mayo Clinic
13.9.1 Company Overview
13.9.2 Business Outline
13.9.3 Financial Performance
13.9.4 Revenue, and Gross Margin (2018-2020)
13.9.5 Recent Initiatives
Chapter 14 Disclaimer
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