Market Overview:
The global elective healthcare services market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for elective healthcare services due to the rising prevalence of lifestyle diseases and technological advancements in the field of medical treatments. The global elective healthcare services market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into aesthetic services, apnea, gastrointestinal disorder, allergies, pain management, weight loss and others. Aesthetic services are further sub-segmented into hair restoration surgery service (hair transplant), plastic surgery service (cosmetic surgery), dermatology service (skin treatment) and dentistry service (dental implant). Apnea is further sub-segmented into obstructive sleep apnea syndrome (OSAS) and central sleep apnea syndrome(CSAS). Gastrointestinal disorder is further sub-segmented into gastroesophageal reflux disease(GERD), peptic ulcer disease(PUD), irritable bowel syndrome(IBS) Crohn’s disease & Ulcerative Colitis (CD&UC)and others.
Product Definition:
The definition of elective healthcare services is a type of healthcare service that is not medically necessary, but that the patient chooses to receive. The importance of elective healthcare services is that they allow patients to choose the treatments and procedures they want, rather than having them chosen for them by their doctors. This gives patients more control over their own health care and allows them to make decisions based on their own personal preferences.
Aesthetic Services:
Aesthetic services are medical and non-medical procedures that aim to improve the appearance or function of a body part. It includes surgeries, minimally invasive procedures, injectable fillers & implants, laser hair removal & skin rejuvenation and other noninvasive techniques like photo rejuvenation. The aesthetic market is driven by factors such as increasing disposable income levels coupled with growing awareness about aesthetics among people across the globe.
Apnea:
According to the American Sleep Association, sleep-related disorders affect 50 to 70 million Americans. It is one of the most common health conditions in developed countries. One in five adults has a diagnosable sleep disorder and about 10% of patients suffering from chronic illnesses require more than seven hours of sleep each night for proper recovery.
Application Insights:
Medical centers held the largest share of elective healthcare services market in 2017. This is due to factors such as rising geriatric population, increasing number of chronic diseases and high prevalence of lifestyle disorders. According to a study published by the CDC in 2016, it was estimated that around 35% of U.S. population aged 65 years or above had one or more chronic conditions, which accounted for around 60% of all medical center visits that year. Similarly, another study published by NCBI states that majority (around 70%)of total ambulatory care visits are made by people aged 65 years and above who have one or more chronic conditions like heart disease diabetes etc., Therefore, growing geriatric population coupled with increasing prevalenceof lifestyle disorders is expected to drive demand for aesthetic & cosmetic procedures globally over the forecast period thereby propelling market growth at a significant rate over the coming years.- see more at: //www.
Regional Analysis:
North America dominated the global elective healthcare services market in 2016. The increasing prevalence of chronic diseases, rising demand for cosmetic surgeries, and growing adoption of advanced technologies are some factors driving the regional market growth. In addition, favorable reimbursement policies offered by governments are expected to propel the demand for EHS procedures over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to a rise in disposable income and improved standard of living resulting from economic development coupled with an increase in per capita health expenditure & government initiatives pertaining to quality medical care delivery system & infrastructure development.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, reaching 1.6 billion by 2020. This will create a large pool of patients for elective healthcare services, thereby driving the market growth.
- Rising disposable income: The increasing disposable income of consumers is resulting in an increase in the demand for elective healthcare services such as cosmetic surgery and dental care procedures. This is further propelling the market growth.
- Technological advancements: Advancements in technology are enabling new and innovative elective healthcare procedures to be developed, which is driving consumer demand for these services. For instance, laser eye surgery has become increasingly popular due to its technological advancements and safety features over traditional surgical methods such as scalpels and blades used in LASIK surgeries till date . 4) Growing awareness about preventive health measures: There has been a growing awareness among people about the importance of preventive health measures such as screenings and check-ups, which is leading them to opt for elective healthcare services at an early stage itself rather than waiting until they experience any health issues or problems later on in life 5) Proliferation of private clinics/hospitals: A rise in private clinics/hospitals across emerging markets is providing consumers with more choices with regards to where they can undergo their desired elective healthcare procedures done, thus fuelling market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Elective Healthcare Services Market Research Report
By Type
Aesthetic Services, Apnea, Gastrointestinal Disorder, Allergies, Pain Management, Weight Loss, Others
By Application
Medical Centers, Hospitals, Clinics, Ambulatory Centers
By Companies
Fortis Healthcare, Tata Memorial Hospital, Apollo Hospital, Shanghai Redleaf International Women’s & Children’s Hospital, IHH Healthcare Berhad, Luye Medical Group, Capio AB, Moorfields Eye Hospital, Ramsay Générale de Santé, PillPack, Guizhou Ensure Chain Pharmacy Company Limited, Fresenius Medical Care
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Elective Healthcare Services Market Report Segments:
The global Elective Healthcare Services market is segmented on the basis of:
Types
Aesthetic Services, Apnea, Gastrointestinal Disorder, Allergies, Pain Management, Weight Loss, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical Centers, Hospitals, Clinics, Ambulatory Centers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Fortis Healthcare
- Tata Memorial Hospital
- Apollo Hospital
- Shanghai Redleaf International Women’s & Children’s Hospital
- IHH Healthcare Berhad
- Luye Medical Group
- Capio AB
- Moorfields Eye Hospital
- Ramsay Générale de Santé
- PillPack
- Guizhou Ensure Chain Pharmacy Company Limited
- Fresenius Medical Care
Highlights of The Elective Healthcare Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Aesthetic Services
- Apnea
- Gastrointestinal Disorder
- Allergies
- Pain Management
- Weight Loss
- Others
- By Application:
- Medical Centers
- Hospitals
- Clinics
- Ambulatory Centers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Elective Healthcare Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Elective healthcare services are medical procedures or treatments that a person can choose to receive, without having to meet any specific health needs. This includes things like cosmetic surgery, dental work, and chiropractic care.
Some of the major companies in the elective healthcare services market are Fortis Healthcare, Tata Memorial Hospital, Apollo Hospital, Shanghai Redleaf International Women’s & Children’s Hospital, IHH Healthcare Berhad, Luye Medical Group, Capio AB, Moorfields Eye Hospital, Ramsay G©n©rale de Sant©, PillPack, Guizhou Ensure Chain Pharmacy Company Limited, Fresenius Medical Care.
The elective healthcare services market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Elective Healthcare Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Elective Healthcare Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Elective Healthcare Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Elective Healthcare Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Elective Healthcare Services Market Size & Forecast, 2018-2028
4.5.1 Elective Healthcare Services Market Size and Y-o-Y Growth
4.5.2 Elective Healthcare Services Market Absolute $ Opportunity
Chapter 5 Global Elective Healthcare Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Elective Healthcare Services Market Size Forecast by Type
5.2.1 Aesthetic Services
5.2.2 Apnea
5.2.3 Gastrointestinal Disorder
5.2.4 Allergies
5.2.5 Pain Management
5.2.6 Weight Loss
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Elective Healthcare Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Elective Healthcare Services Market Size Forecast by Applications
6.2.1 Medical Centers
6.2.2 Hospitals
6.2.3 Clinics
6.2.4 Ambulatory Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Elective Healthcare Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Elective Healthcare Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Elective Healthcare Services Analysis and Forecast
9.1 Introduction
9.2 North America Elective Healthcare Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Elective Healthcare Services Market Size Forecast by Type
9.6.1 Aesthetic Services
9.6.2 Apnea
9.6.3 Gastrointestinal Disorder
9.6.4 Allergies
9.6.5 Pain Management
9.6.6 Weight Loss
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Elective Healthcare Services Market Size Forecast by Applications
9.10.1 Medical Centers
9.10.2 Hospitals
9.10.3 Clinics
9.10.4 Ambulatory Centers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Elective Healthcare Services Analysis and Forecast
10.1 Introduction
10.2 Europe Elective Healthcare Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Elective Healthcare Services Market Size Forecast by Type
10.6.1 Aesthetic Services
10.6.2 Apnea
10.6.3 Gastrointestinal Disorder
10.6.4 Allergies
10.6.5 Pain Management
10.6.6 Weight Loss
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Elective Healthcare Services Market Size Forecast by Applications
10.10.1 Medical Centers
10.10.2 Hospitals
10.10.3 Clinics
10.10.4 Ambulatory Centers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Elective Healthcare Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Elective Healthcare Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Elective Healthcare Services Market Size Forecast by Type
11.6.1 Aesthetic Services
11.6.2 Apnea
11.6.3 Gastrointestinal Disorder
11.6.4 Allergies
11.6.5 Pain Management
11.6.6 Weight Loss
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Elective Healthcare Services Market Size Forecast by Applications
11.10.1 Medical Centers
11.10.2 Hospitals
11.10.3 Clinics
11.10.4 Ambulatory Centers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Elective Healthcare Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Elective Healthcare Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Elective Healthcare Services Market Size Forecast by Type
12.6.1 Aesthetic Services
12.6.2 Apnea
12.6.3 Gastrointestinal Disorder
12.6.4 Allergies
12.6.5 Pain Management
12.6.6 Weight Loss
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Elective Healthcare Services Market Size Forecast by Applications
12.10.1 Medical Centers
12.10.2 Hospitals
12.10.3 Clinics
12.10.4 Ambulatory Centers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Elective Healthcare Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Elective Healthcare Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Elective Healthcare Services Market Size Forecast by Type
13.6.1 Aesthetic Services
13.6.2 Apnea
13.6.3 Gastrointestinal Disorder
13.6.4 Allergies
13.6.5 Pain Management
13.6.6 Weight Loss
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Elective Healthcare Services Market Size Forecast by Applications
13.10.1 Medical Centers
13.10.2 Hospitals
13.10.3 Clinics
13.10.4 Ambulatory Centers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Elective Healthcare Services Market: Competitive Dashboard
14.2 Global Elective Healthcare Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fortis Healthcare
14.3.2 Tata Memorial Hospital
14.3.3 Apollo Hospital
14.3.4 Shanghai Redleaf International Women’s & Children’s Hospital
14.3.5 IHH Healthcare Berhad
14.3.6 Luye Medical Group
14.3.7 Capio AB
14.3.8 Moorfields Eye Hospital
14.3.9 Ramsay Générale de Santé
14.3.10 PillPack
14.3.11 Guizhou Ensure Chain Pharmacy Company Limited
14.3.12 Fresenius Medical Care
