Healthcare Industry Market Reports & Analysis

The healthcare industry is one of the oldest and the largest industries globally, valued in trillions of dollars. The industry is an agglomeration of various sectors, including healthcare services, pharmaceuticals, medical devices, diagnostic services, etc.

This vast ecosystem encompasses providing goods and services for treating patients in a curative, preventive, rehabilitative, or palliative manner.

The global healthcare spending is expected to cross US$ 10 trillion by 2022, including government, private sector, and out-of-pocket expenditure.

The US is at the forefront of healthcare expenditure, with US$ 4.1 trillion or US$ 12,530 per capita in 2020. The increasing burden of chronic diseases, rising aging population, and exponential advances in medical science are the major driving factors for the rampant growth of this industry.

The recent COVID-19 pandemic has brought about a seismic shift in the entire healthcare sector.

Though the pandemic inflicted several challenges on the healthcare industry, it also led to a massive scale in medical advances, the swift spread of digital technologies, well-informed consumers, and a strong movement from disease care to prevention and wellness, thus proving to be a catalyst for the transformation of the entire healthcare industry.

The pandemic triggered several existing and emerging trends in medical health, including changing consumer behavior, assimilation of life sciences and health care, rapidly evolving digital health technologies, new talent and care delivery models, and clinical innovation.

On the downside, the pandemic decreased the medical care avenues of non-COVID-19 related to patients, a heavy physical and emotional burden on healthcare workers, limited availability of basic drugs, low vaccination rates in developing countries, resulting in an encumbrance on millions of consumers.

Our reports in this section cover all the strata of this voluminous industry. The reports provide in-depth analysis and a bird’s eye view on various markets including; allied healthcare services, telemonitoring systems, M2M healthcare, veterinary therapeutics, etc. The reports also have a far-reaching outlook and the implications of the novel COVID-19 pandemic on various sectors of this industry.