The Global Healthcare Services Market Is Valued At $7 Trillion In 2017 According To TBRC’s Latest Report

Healthcare services deal with medical and remedial care service. Healthcare services also include furnishing medicine, medical or surgical treatment, nursing, hospital service, dental service, optometrical service and other complementary...

Healthcare services deal with medical and remedial care service. Healthcare services also include furnishing medicine, medical or surgical treatment, nursing, hospital service, dental service, optometrical service and other complementary health services.

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The market is valued at around $7 trillion in 2017 because of the economic growth, technological advancements, changes in lifestyle and improved survival and quality of life.

In the report, the global healthcare services market is divided into seven segments, namely, hospitals and outpatient care centers, physicians and other health practitioners, home health care and residential nursing care services, dental services, medical and diagnostic laboratory services, residential substance abuse and mental health facilities and veterinary services.

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The USA was the largest country in the healthcare services market in 2017, accounting for more than one-fourth of the market share. China and Japan followed the USA as the next largest countries in the market.

The healthcare services market is fragmented with a number of small service organizations. The top five competitors in the market made up close to 3% of the total market share in 2017. NHS was the largest competitor of the market, followed by Davita, Mayo Clinic, Laboratory Corporation of America and Cleveland Clinic. National Health Service the publicly funded health care system created under the UK’s National Health Service Act. The organization was launched in 1948. It has more than 1.5 million employees. The NHS hospitals provide extensive health care services and outpatient care. The primary services of NHS include antenatal screening, routine screenings, and treatment for long-term conditions include transplants, emergency treatment and end-of-life care.

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