The global healthcare services market, a part of the healthcare industry, grew at a compound annual growth rate (CAGR) of around 4% during the historic period. The healthcare industry showed a steady growth. The growth is mainly due to increased access to healthcare services and rise in disposable income drove the healthcare services market in China and India. As the coverage thereafter reached a higher proportion of the population it positively impacted the healthcare services market growth during this period.
In the forecast period, the global healthcare services market size is expected to be over $8 trillion by 2021, growing at a CAGR of nearly 5%. This is expected due to changes in lifestyles and an increase in sedentary jobs are transforming the disease profile of the world population from communicable disease to non-communicable disease such as cancer, diabetes and cardiovascular diseases. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global healthcare services market in the future.

Find TBRC’s report on the Healthcare Services market: https://www.thebusinessresearchcompany.com/report/healthcare-services-global-market-report-2018

Digital technology has become important for hospitals and doctors to deliver quality care. Digital tools such as telemedicine, apps, and portals for patients and doctors are making healthcare services more efficient and cost-effective.

Major companies in the healthcare services market, offering digital technology include National Health Service, DaVita, Mayo Clinic, LabCorp, Johns Hopkins Medicine, Quest Diagnostics, and Cleveland Clinic.
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