Market Overview:
The global healthcare services market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing geriatric population, rising prevalence of chronic diseases, and growing demand for home healthcare services. In addition, technological advancements in the field of healthcare are also contributing to the growth of this market. The global healthcare services market is segmented on the basis of type into hospice care, nursing care, and assisted living facilities. The nursing care segment is expected to grow at a CAGR of 8% from 2018 to 2030 due to increasing demand for long-term care facilities across the globe. The assisted living facilities segment is projected to grow at a CAGR of 7% during the forecast period owing to rising awareness about these facilities among elderly people and their families. On the basis of application, female patients accounted for majority share (64%) in 2017 and it is projected that this trend will continue during forecast period as well due high prevalence rate women suffer from various chronic diseases such as cancer and heart disease which requires continuous medical attention & support round-the-clock . However , male patients are also anticipated t o witness significant growth over th e next decade dueto increase incidence rates o f lifestyle associated diseas es suc h as diabetes mellitus an d hypertension among men globally .
Product Definition:
Healthcare services are the medical and nursing treatments, diagnostic procedures, and health advice that people receive from doctors, nurses, therapists, and other healthcare professionals. Healthcare services may be provided in hospitals or clinics by physicians or surgeons who have been trained in one of the healing arts. Nurses and other allied health professionals also provide important services in hospitals and clinics.
Hospice:
Hospice is a care and treatment provided to the terminally ill. It provides comfort care as well as medical services. The major factor driving the Hospice market is growing global geriatric population base coupled with rising life expectancy rate, which in turn will lead to an increase in number of patients suffering from chronic diseases such as cancer, heart disease, respiratory disorders etc., etc.
Nursing Care:
Nursing care and it's usage in healthcare services market is a service that provides medical assistance to patients in hospitals, nursing homes or home by registered nurses. It helps them to maintain the health of patients and also cleanses their bodies. The scope of nursing care is not only restricted to providing medical assistance but also includes counseling, educating, comforting and maintaining social relationships of the patient with his/her family as well as visitors.
Application Insights:
The application of the healthcare services for female patients dominated the overall industry, accounting for 56.3% share of the total revenue in 2017. The growth can be attributed to increasing number of childbirths and rising awareness about various benefits associated with these services. In addition, a growing trend towards ¢â‚¬Å“natural birth¢â‚¬ is also expected to boost demand over the forecast period.
The male application segment is expected to witness significant growth over the forecast period owing to increase in prevalence of several diseases, such as cancer and cardiovascular diseases among males across all age groups globally. According to data published by WHO, it has been estimated that around 1 in 6 men die from cancer worldwide while around 5-6 million men are diagnosed with new cases every year globally making it one of the leading causes of death among males aged 15-44 years old worldwide.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of service providers and high awareness levels coupled with favorable government initiatives are some factors driving the growth. For instance, in 2014, Home Instead Care launched a national marketing campaign to raise awareness about its services for patients looking for alternatives to hospital-based care at their homes.
Asia Pacific is expected to be one of the fastest growing regions over the forecast period owing to increasing geriatric population and rising healthcare expenditure per capita as well as overall. In addition, an increase in lifestyle diseases such as diabetes which require regular monitoring & treatment at home is anticipated to drive demand for these services over the forecast period.
Growth Factors:
- Increasing demand for quality healthcare services due to the rise in aging population and prevalence of chronic diseases.
- Growing investments by public and private players in healthcare infrastructure development.
- Rising number of medical tourists seeking affordable, high-quality care abroad.
- Proliferation of new technologies and treatments that improve the quality and efficiency of healthcare services delivery.
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare Services Market Research Report
By Type
Hospice, Nursing Care, Assisted Living Facilities
By Application
Female, Male
By Companies
Brookdale Senior Living, Sunrise Senior Living, Emeritus Corporation, Atria Senior Living Group, Extendicare, Gentiva Health Services, Senior Care Centers of America, Kindred Healthcare, Genesis Healthcare Corp., Home Instead Senior 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
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare Services Market Report Segments:
The global Healthcare Services market is segmented on the basis of:
Types
Hospice, Nursing Care, Assisted Living Facilities
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
Female, Male
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:
- Brookdale Senior Living
- Sunrise Senior Living
- Emeritus Corporation
- Atria Senior Living Group
- Extendicare
- Gentiva Health Services
- Senior Care Centers of America
- Kindred Healthcare
- Genesis Healthcare Corp.
- Home Instead Senior Care
Highlights of The 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:
- Hospice
- Nursing Care
- Assisted Living Facilities
- By Application:
- Female
- Male
- 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 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Healthcare services are any services that help people maintain their health. Healthcare services can include things like doctor visits, hospital stays, and prescription drugs. Healthcare services can also include things like physical therapy or counseling to help people manage their health problems.
Some of the major players in the healthcare services market are Brookdale Senior Living, Sunrise Senior Living, Emeritus Corporation, Atria Senior Living Group, Extendicare, Gentiva Health Services, Senior Care Centers of America, Kindred Healthcare, Genesis Healthcare Corp., Home Instead Senior Care.
The 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 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 Healthcare Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Healthcare Services Market Size & Forecast, 2020-2028
4.5.1 Healthcare Services Market Size and Y-o-Y Growth
4.5.2 Healthcare Services Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Hospice
5.2.2 Nursing Care
5.2.3 Assisted Living Facilities
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Female
6.2.2 Male
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Hospice
9.6.2 Nursing Care
9.6.3 Assisted Living Facilities
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 Market Size Forecast by Applications
9.10.1 Female
9.10.2 Male
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Hospice
10.6.2 Nursing Care
10.6.3 Assisted Living Facilities
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 Market Size Forecast by Applications
10.10.1 Female
10.10.2 Male
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Hospice
11.6.2 Nursing Care
11.6.3 Assisted Living Facilities
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 Market Size Forecast by Applications
11.10.1 Female
11.10.2 Male
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Hospice
12.6.2 Nursing Care
12.6.3 Assisted Living Facilities
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 Market Size Forecast by Applications
12.10.1 Female
12.10.2 Male
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Hospice
13.6.2 Nursing Care
13.6.3 Assisted Living Facilities
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) Market Size Forecast by Applications
13.10.1 Female
13.10.2 Male
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 Healthcare Services Market: Competitive Dashboard
14.2 Global Healthcare Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Brookdale Senior Living
14.3.2 Sunrise Senior Living
14.3.3 Emeritus Corporation
14.3.4 Atria Senior Living Group
14.3.5 Extendicare
14.3.6 Gentiva Health Services
14.3.7 Senior Care Centers of America
14.3.8 Kindred Healthcare
14.3.9 Genesis Healthcare Corp.
14.3.10 Home Instead Senior Care
