Healthcare Info

Healthcare Information, Description and Market Size

Healthcare Industry:
The global home healthcare market size was valued at USD 336.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.93% from 2022 to 2030.
 

- Ambulatory 

Ambulance Services
The U.S. ambulatory surgery centers market was valued at USD 34.8 billion in 2021 and is expected to expand at a CAGR of 6.0% from 2022 to 2030.

Medical and Diagnostic Laboratories
Diagnostic Labs tests and diagnostic procedures are tests used to check if a person's health is normal.

 

A medical laboratory or clinical laboratory is a laboratory where tests are carried out on clinical specimens to obtain information about the health of a patient to aid in diagnosis, treatment, and prevention of disease.

 

The diagnostic labs market is projected to grow from US$ 297.06 billion in 2021 to US$ 514.28 billion by 2028; it is expected to grow at a CAGR of 8.3% from 2022 to 2028.

Outpatient Care Centers
Outpatient care centers provide wellness and prevention services, diagnostic services, treatments, and rehabilitation to patients. Lab tests, physical therapy, and urgent care services are just a few services provided by outpatient facilities

Global hospitals and outpatient care canters market was valued at USD 3,704.16 billion in 2021 and is expected to reach USD 8,233.57 billion by 2029
 

- Care Facilities
The global long term care market size was accounted at US$ 1047.85 billion in 2021 and is projected to reach over US$ 1,838.38 billion by 2030 

Community Care Facilities
Community Care Facility means any community based group living arrangement, licensed pursuant to the Community Care and Assisted Living Act, which provides for the wellbeing of persons who have social, emotional, or behavioral problems or who are physically or mentally disabled.

The U.S. care services market size is expected to reach USD 748.5 billion by 2030 expanding at a CAGR of 5.76%. 

FQHC - Federally Qualified Health Center 
Federally funded nonprofit health centers or clinics that serve medically underserved areas and populations. Federally qualified health centers provide primary care services regardless of your ability to pay.
To be a qualified entity in the federal health center program, an organization must: 

  • Offer services to all, regardless of the person's ability to pay 

  • Establish a sliding fee discount program 

  • Be a nonprofit or public organization 

  • Be community-based, with the majority of its governing board of directors composed of patients 

  • Serve a medically underserved area or population 

  • Provide comprehensive primary care services 

  • Have an ongoing quality assurance program 

There are currently 1,403 official FQHC locations in the U.S., but FQHC Look-Alikes and service sites bring that number closer to 17,900. 

Home Health Care services
Homecare is health care or supportive care provided by a professional caregiver in the individual home where the patient or client is living, as opposed to care provided in group accommodations like clinics or nursing home. Homecare is also known as domiciliary care, social care or in-home care,

The U.S. home healthcare services market is projected to grow from $94.17 billion in 2022 to $153.19 billion by 2029, at a CAGR of 7.2%

In-Home Senior Care
In-home care services can help someone who is aging and needs assistance to live independently; is managing chronic health issues; is recovering from a medical setback; or has special needs or a disability.

 

The In-Home healthcare services market size in United States is expected to surpass US$ 153.19 billion by 2029 from at $94.17 billion in 2022.

Mental Health Facilities
Psychiatric hospitals, also known as mental health units or behavioral health units, are hospitals or wards specializing in the treatment of severe mental disorders, such as schizophrenia, bipolar disorder, and major depressive disorder. Psychiatric hospitals vary widely in their size and grading.

 

As per Precedence Research, the U.S. behavioral health market size is forecast to hit US$ 132.4 billion by 2027 with a growing CAGR of 5.3%.

Nursing Care Facilities
A nursing home is a facility for the residential care of elderly or disabled people. Nursing homes may also be referred to as skilled nursing facility, long-term care facilities, old people's homes, assisted living facilities care homes, rest homes, convalescent homes or convalescent care.

 

According to Precedence Research, the global skilled nursing facility market size is expected to hit around US$ 592.1 billion by 2030.

RHC - Rural Health Clinic
A rural health clinic is a clinic located in a rural, medically under-served area in the United States that has a separate reimbursement structure from the standard medical office under the Medicare and Medicaid programs.

 

The Rural Clinical and Healthcare Logistics Market will grow by USD 1.73 billion during 2020-2024.

Urgent Care Centers 
A Urgent Care center, also known as an urgent treatment center,  is a type of walk-in clinic focused on the delivery of urgent ambulatory care in a dedicated medical facility outside of a traditional emergency department located within a hospital.

 

The global market for urgent care center expected to become $44.2 billion by 2029, growing at a CAGR of 4.2%

- Healthcare Professionals
In 2019, the hospital services market size was valued at 8.22 trillion U.S. dollars and expected to surpass 15.45 trillion by 2027. 

Alternative Healthcare Providers
Alternative health care services are health treatments that are not typically provided in a traditional Western medicine practice. There are a wide range in practices, but typically these services focus on creating health through balance between mind, body, spirit, and environment.

 

The complementary and alternative medicine market size was valued at USD 92.65 billion in 2021 and is expected to reach over USD 411.4 billion by 2030.

 

Chiropractors
A chiropractor is trained to make sure your body is functioning as optimally as possible by using spinal manipulations to relieve pain in your joints and muscles. These spinal adjustments will increase blood flow and nerve conductivity to the joints and muscles that are experiencing pain.

 

The Chiropractic Care Market size is forecast to reach $16.9 billion by 2027 and is expected to grow at a CAGR of 3.1% during the forecast period 2022-2027.

Dermatologists
Dermatologists are medical doctors who specialize in diagnosing and treating diseases of the skin, hair, nails and mucus membrane. Some dermatologists are also surgeons.

 

The global Dermatology market size reached USD 1.11 Billion and is expected to reach USD 2.04 Billion in 2030 registering a CAGR of 6.9%.

Dietitians
A dietician is a medically trained professional that alters an individual’s diet based on medical conditions, body make up, blood type, or contributing factors affecting the nutrition one receives. They assess, diagnose, recommend, and treat various medical diagnosis and dietary problems primarily on a one-on-one basis. Their primary goal is to ensure that the right quantity and type of nutrients are being consumed by the individual they are working with.

 

The global clinical nutrition market size was valued at $32,495.97 million in 2020, and is projected to reach $51,128.26 million by 2028.

Medical Practitioners
A physician, medical practitioner, medical doctor, or simply doctor, is a health professional who practices medicine, which is concerned with promoting, maintaining or restoring health through the study, diagnosis, prognosis and treatment of disease, injury, and other physical and mental impairments.

The market is projected to grow from USD 251.75 billion in 2021 to USD 287.57 billion in 2028 at a CAGR of 1.9% in 2021-2028.

Optometrists
An optometrist is a healthcare professional who provides primary vision care. They aren’t medical doctors but they are licensed to practice optometry, which includes giving eye exams, writing prescriptions for contact lenses and glasses, finding abnormalities in the eye, and treating certain eye diseases. 

The market size, measured by revenue, of the Optometrists industry is 169.90 billion in 2022. Revenue forecast in 2030    USD 323.77 Billion.

Psychologists
A psychologist is a professional who practices psychology and studies mental states, perceptual, cognitive, emotional, and social processes and behavior. Their work often involves the experimentation, observation, and interpretation of how individuals relate to each other and to their environments.

The market size, measured by revenue, of the Behavioral Therapists industry is $16.2bn in 2022.

Physical Therapists
Physical therapists evaluate and record a patient's progress. Physical therapists help injured or ill people improve movement and manage pain. They are often an important part of preventive care, rehabilitation, and treatment for patients with chronic conditions, illnesses, or injuries.

The U.S. occupational & physical therapy services market is projected to grow from $49.28 billion in 2021 to $71.75 billion in 2028 at a CAGR of 5.5%.

- Hospitals
The global hospital services market was valued at USD 9.58 Trillion in 2020 and expected to reach USD 16.45 Trillion by 2027 

Emergency & Outpatient 
This industry comprises establishments with medical staff primarily engaged in providing emergency, general, or specialized outpatient care (except family planning centers, outpatient mental health and substance abuse centers, HMO medical centers, kidney dialysis centers, and freestanding ambulatory surgical and emergency centers). Centers or clinics of health practitioners with different degrees from more than one industry practicing within the same establishment (i.e., Doctor of Medicine and Doctor of Dental Medicine) are included in this industry

 

The market size, measured by revenue, of the Emergency & Other Outpatient Care Centers industry is $197.0bn in 2022. Emergency Medical Services Market Worth USD 74,742 Million by 2027 at 6.91% CAGR 

Hospices 
Hospice care is a type of health care that focuses on the palliation of a terminally ill patient's pain and symptoms and attending to their emotional and spiritual needs at the end of life. Hospice care prioritizes comfort and quality of life by reducing pain and suffering.

 

Market size value in 2022 is 34.5 billion and the revenue forecast in 2030 is 64.7 billion.

Psychiatric Hospitals
Psychiatric hospitals, also known as mental health units or behavioral health units, are hospitals or wards specializing in the treatment of severe mental disorders, such as schizophrenia, bipolar disorder, and major depressive disorder.

 

The global mental health market was valued at $383.31 billion in 2020, and is estimated to reach $537.97 billion by 2030, growing at a CAGR of 3.5%.

Sleep Disorder Clinics
Sleep facility refers to a sleep center that comprise both a clinic, where patients are evaluated, and management occurs and a laboratory where the diagnostic testing is administered through in-center and home sleep apnea testing (HSAT).

The sleep clinic is an outpatient location where patients with sleep disorders are evaluated and treated; arrange diagnostic testing, and where patient management and follow up care is provided by professional staff. The location can be within the sleep facility, or in a separate off-site physical location.

A sleep lab is the location in which diagnostic testing is performed. This includes in-center testing and/or home sleep apnea testing.

 

The U.S. sleep disorder clinics market size was USD 8.62 billion in 2020. The market is projected to grow from USD 9.20 billion in 2021 to USD 15.92 billion in 2028 at a CAGR of 8.2% during the 2021-2028 period.

Specialty Hospitals 
Specialty hospitals are physician-owned medical centers that target one area of medicine and care or a particular group of patients. Some of the most common specialty hospitals include orthopedic centers, surgical centers, and cardiac facilities.

 

The Specialty Hospitals in healthcare market was valued at US$ 401.65 million in 2018 and it is projected to reach US$ 509.10 million by 2027.

Surgical Hospitals
Surgical hospitals are similar to ambulatory surgery centers (ASCs) in that they are freestanding healthcare facilities (often physician-owned and lead) that specialize in providing surgical care

 

The global ambulatory surgical center market size was estimated at US$ 87.32 billion in 2021 and is expected to reach over US$ 152.6 billion by 2030 and poised to grow at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030.

Teaching Hospitals
A teaching hospital is a hospital or medical center that provides medical education and training to future and current health professionals. Teaching hospitals are almost always affiliated with one or more universities and are often co-located with medical schools.

 

Data Bridge Market Research analyses that the healthcare education solutions market which was USD 8276.1 million in 2021, would rocket up to USD 14870.44 million by 2029, and is expected to undergo a CAGR of 7.60% during the forecast period 2022 to 2029.

Tele Hospitalist
The tele-hospitalist solution is a budding specialty that gives patients and clinicians critical services from afar by using frontline technology. An example would be providing inpatient care in situations where “in-person” hospitalists are busy or otherwise less available than would be optimal.

 

The report further states that the market size was USD 41.63 billion in 2019. It is projected to grow from USD 79.79 billion in 2020 to USD 396.76 billion in 2027 at a CAGR of 25.8% during 2020-2027.
 

- Medical Services
Medical Services Market size was valued at USD 10.3 Trillion in 2021 and is expected to reach USD 21.06 Trillion by 2030, growing at a CAGR of 8.30%

Corporate Wellness Services
Corporate Wellness Programs provide employees with tools, social support, incentives, and strategies to adopt and maintain healthy habits. Unhealthy lifestyle choices often result in chronic diseases and corporate wellbeing programs can help people minimize their chances of developing these conditions.

The global corporate wellness market was valued at USD 52.59 billion in 2021 and is expected to reach USD 96.15 billion by 2030, poised to grow at a CAGR of 6.9.

Healthcare Consultants
A healthcare consultant typically focuses on administrative efficiency, legal compliance, work environment, procedural flow, and financial processes. A healthcare consultant looks for ways to optimize a facility's ability to deliver high-quality care to their patients efficiently and cost-effectively.

Healthcare Consulting Services Market size was valued at USD 11.125 Billion in 2020 and is projected to reach USD 23.786 Billion by 2028.

Healthcare Staff Recruitment Agencies
Medical staffing agencies help healthcare organizations fill temporary and permanent roles across a variety of specialties including but not limited to: nurses, therapists, doctors, medical technicians, and medical assistants.

 

The market size, measured by revenue, of the Healthcare Staff Recruitment Agencies industry is $23.5bn in 2022.  Healthcare Staffing Market Size Worth $51.58 Billion, Globally, by 2028 at 5.8% CAGR.

Medical Couriers
Medical couriers handle medical items between labs and hospitals. These items often require specific handling considerations like temperature and stability. Medical couriers may also manage pickups and deliveries and send invoices as necessary.

Medical couriers do more than transport specimens. Sometimes, they are responsible for understanding the specific transportation requirements. This may be handling instructions, delivery time frames, or overall security of the time. They also manage item documentation where they ensure that each document corresponds to a specific item.

 

The global medical supply delivery service market size was estimated at USD 48.6 billion in 2020 and is expected to reach USD 54.4 billion in 2021. Revenue forecast in 2028 is 101.3 billion.

Medical Supplies Wholesale
A medical supply wholesaler is an establishment that offers bulk supply medical supplies and devices for a discounted rate.

The global medical devices market is forecast to grow from about $490 billion in 2021 to about $720 billion in 2029 at 5.5% compound annual growth rate in the 2022-2029 forecast period.

Medical Waste Disposal Services
Medical waste is any kind of waste that contains infectious material (or material that’s potentially infectious). This definition includes waste generated by healthcare facilities like physician’s offices, hospitals, dental practices, laboratories, medical research facilities, and veterinary clinics.

 

The global medical waste management market size was estimated at USD 24.2 billion in 2019 and is expected to reach USD 25.5 billion in 2020. Revenue forecast in 2025 is 33.4 billion.

 

Pharmacy Benefit Management (PBM)
A pharmacy benefit manager is a third-party administrator of prescription drug programs for commercial health plans, self-insured employer plans, Medicare Part D plans, the Federal Employees Health Benefits Program, and state government employee plans.

In 2021, the U.S. market value stood at USD 454.25 billion.  As per Precedence Research, the pharmacy benefit management market size is projected to hit around US$ 757.05 billion by 2030. 

Surgical Apparel Manufacturing
The Surgical Apparel Manufacturing industry produces sterile, liquid-resistant apparel that is used to prevent cross-contamination during surgical procedures.  

The global medical clothing market size stood at USD 86.14 billion in 2020. According to Fortune Business Insights, the global Medical Clothing Market size is projected to reach USD 140.64 billion in 2028, at CAGR of 5.9.
 

- Medical Supplies
According to Emergen Research, the global medical supplies market size was USD 132.26 billion in 2020 and is expected to reach USD 189.03 billion in 2028 and register a revenue CAGR of 4.5% during the forecast period, 2021-2028.

Dental Supplies
Dental supplies means consumable Dental Products used by dentists and dental laboratories, sometimes referred to as sundries or merchandise, and include items such as gloves, hand instruments, face masks, toothbrushes, anesthetic solutions and more.

The global dental equipment market size was USD 8.89 billion in 2019 and is projected to reach USD 16.07 billion by 2027, exhibiting a CAGR of 9.6%.

Electrotherapeutic Apparatuses
This classification comprises establishments primarily engaged in manufacturing electromedical and electro-therapeutic apparatus, such as magnetic resonance imaging equipment, medical ultrasound equipment, pacemakers, hearing aids, electrocardiographs and electromedical endoscopic equipment.


The global market for electromedical devices reached $41.3 billion in 2018 and should reach $58.5 billion by 2023, at a compound annual growth rate (CAGR) of 7.2% for the period of 2018-2023.

Glucose Meter Manufacturing
The Glucose Meter Manufacturing industry develops and produces blood glucose meters and testing supplies that help users monitor blood glucose levels. Most manufacturers also develop other medical devices

 

As per the analysis, the Blood Glucose Monitors market is likely to grow above a CAGR of around 7.70% between 2022 and 2028. The Blood Glucose Monitors market size was worth around US$ 11,274.10 million in 2021 and is estimated to hit approximately US$ 17,594.47 million by 2028.

Hot & Cold Topical Therapy Manufacturing
Hot and cold therapy products provide topical pain relief for a variety of injuries and conditions.

 

The global hot and cold therapy packs market was valued at $981.9 million in 2020.  Market is predicted to reach $2.2 billion revenue by 2030, exhibiting a CAGR of 7.7%.

Medical Instrument & Supply Manufacturing
The Medical Instrument and Supply manufacturing industry primarily researches, develops and produces nonelectronic medical, surgical, dental and veterinary instruments and apparatus, such as syringes, anesthesia apparatus, blood transfusion equipment, catheters, surgical clamps and medical thermometers

 

The global medical devices market is projected to grow from $495.46 billion in 2022 to $718.92 billion by 2029 at a CAGR of 5.5%.

Ophthalmic goods
Ophthalmic goods means eyeglasses or a component or components of eyeglasses, and contact lenses

 

The global ophthalmic devices market size was USD 25.04 billion in 2019 and is projected to reach USD 32.36 billion by 2027, exhibiting a CAGR of 4.2%.

Robotic Surgery Equipment Manufacturing (RAS)
Robotically-assisted surgical (RAS) devices are one type of computer-assisted surgical system. Sometimes referred to as robotic surgery, RAS devices enable the surgeon to use computer and software technology to control and move surgical instruments through one or more tiny incisions in the patient’s body (minimally invasive) for a variety of surgical procedures.

The global surgical robotics market size was reached $ 56,294.9 million in 2017 and is expected to reach $ 98,737.0 million by 2024 with a CAGR of 8.5%.

Surgical Appliances and Supplies
Surgical appliances, or orthotics, is the prescription, manufacture and fitting of externally worn device used to modify the structural and functional characteristics of the neuro-muscular and skeletal system.

Surgical supplies are tools or devices for performing specific actions or carrying out desired effects during a surgery or operation.

The Global Surgical Equipment Market was valued at USD 14.26 billion in 2021 and is predicted to reach at USD 31.77 billion by 2030, increasing at a CAGR of 9.31% from 2022 to 2030.