Market Insights report
Hospitals, licensed medical facilities offering a range of services, including inpatient care for overnight stays, distinguish themselves from other providers. This market encompasses general, psychiatric, and specialist hospitals, offering diagnostics, treatments, nursing, and specialized accommodation, among other services. Regulations influence the range of medical services provided, varying by country. Long-term care facilities, ambulatory care providers, and medical retailers are not included. This report provides an international overview of the Hospitals market.
What's included:
The Hospitals Market, with annual revenue exceeding US$4 trillion, is a vital healthcare sector driven by rising disease rates and an aging population. Over the past half-century, global obesity rates nearly tripled, leading to a significant prevalence of obesity and overweight adults, fueled by unhealthy lifestyles. Consequently, chronic conditions like asthma, diabetes, and cancer are on the rise, increasing demand for specialized healthcare due to longer life expectancies. Despite this, limited access to healthcare facilities in emerging nations, coupled with poor healthcare quality and a shortage of professionals, hinders market development. Nonetheless, the Hospitals Market is expected to grow steadily at around 4% CAGR in the forecast period, driven by increasing demand for healthcare technology and digitalization, including electronic health records, surgical robotics, and AI-based diagnostics.
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