Global Hospital Services Market: Increasing Healthcare Expenditure in Developing Economies Benefitting Market

Published Date : Feb 06, 2018

Albany, New York, February 6, 2018: have announced the addition of a new report which is titled, “Hospital Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.” The global hospital services market is growing at a healthy pace on account of the rising prevalence of chronic diseases, increasing geriatric population worldwide, growing disposable income of people in developing nations thereby leading to increased spending towards healthcare, and growing penetration of health insurance.

The report is a comprehensive reports of both the driving factors as well as restricting factors. It gives an unbiased view of what the future holds for the global hospital services market by taking into account all the important aspects which are expected to impact the market in any way.

In terms of type of services, the global hospital services market is segmented into outpatient services and inpatient services. These segments can be further sub segmented on the basis of type of speciality into orthopedics, oncology, cardiovascular, neurology, and gastroenterology. On the basis of geography, the global hospital services market is segmented into Europe, North America, Latin America, Asia Pacific, and the Middle East in Africa. Of these, North America is leading in the market with us accounting for a whopping 40% of the total Health Care spending worldwide. Asia Pacific for hospital services. By 2020, it is estimated that China will cross its healthcare spending to US$1 Trn.

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On the basis of ownership of hospitals, the global hospital services market is segmented into private hospitals and public hospitals. The private hospital segment can be further sub segmented into standalone private hospitals and Private Hospital groups. The growth of the private hospital services market is more than that of public hospitals on account of the poor treatment quality as well as long waiting time in public hospitals. Private hospital groups such as the Siloam Hospital group and Mitra Keluarga are adopting strategies in order to benefit from the Staggering rise in the demand for healthcare services in the country. By 2019, the Siloam Hospital is aiming to increase the number of member hospitals to 50. All these efforts are expected to boost the growth of the private hospital segment.

The report profiles key players within the global hospital services market. Some of the leading private hospital groups which are operating in this market are: IHH Healthcare Berhad, Ramsay Health Care, Apollo Hospitals Enterprise Ltd., Helios, Hospital Corporation of America, China Resources Phoenix Healthcare Holdings Company Limited, Tenet Healthcare, Community Health Systems, and Ascension Health. The business and financial overview of these companies as well as their recent accomplishments have been studied in the report. The study also includes information on mergers and acquisitions, collaborations, and partnership activities by players.

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