The Business Research Company’s global healthcare market analysis covers the year-on-year growth of the global healthcare market historic and forecast growth. It also includes chapters on the healthcare market trends, geographical analysis, and competitive landscape.
THE GLOBAL HEALTHCARE MARKET WAS VALUED AT AROUND $9 TRILLION IN 2017
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The global healthcare industry market size is forecast to grow at a CAGR (compound annual growth rate) of around 7% to 2020.
Healthcare Market Segmentation
According to TBRC’s global healthcare market research, the market is split by segments into Healthcare Services, Pharmaceuticals Drugs, Medical Equipment and Biologics.
Healthcare Services comprise hospitals, nursing and community care facilities; home healthcare services; medical and diagnostic laboratories; veterinary services and residential mental health centers. It also includes offices of dentists, physicians and healthcare practitioners. It is the largest segment in the healthcare market with more than 80% share of the market.
Pharmaceuticals Drugs industry is comprised of many public and private organizations that discover, develop, manufacture and market medicines for human and animal health.
Medical Equipment market comprises surgical and medical instruments, surgical appliances and supplies, ophthalmic goods, dental laboratories, and in vitro reagents. This industry mainly aims for developing novel technologies which helps in early diagnosis and treatment of diseases.
Biologics industry comprises companies manufacturing biological products that are derived from genetically modified proteins and human genes. Biologics products include a wide range of recombinant therapeutic proteins, gene therapy tissues, somatic cells, vaccines, and allergenics. These products are isolated from natural sources such as human, animal, and microorganisms by biotechnological methods and other cutting-edge technologies.
Healthcare Services had the highest CAGR (compound annual growth rate) of 6.00% during 2013-2017; this segment is expected to grow at a CAGR of more than 7% during 2017-2021.
The global healthcare market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
The global healthcare services, pharmaceuticals drugs, medical equipment and biologics market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the report are NHS, Johnson & Johnson, Pfizer Inc., F.Hoffmann-La Roche Ltd. and Novartis AG.
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