AMERICAS ACCOUNTED FOR $3.4 TRILLION IN HEALTHCARE SERVICESMARKET IN 2016

The Americas was the largest region in the healthcare services market in 2016, accounting for $3.4 trillion or 48.2% market share.

The global healthcare services market grew from $6 trillion in 2012 to $7 trillion in 2016 at a compound annual growth rate (CAGR) of 4.0%. It is expected to grow from $7 trillion in 2016 to $8.4 trillion in 2020 at a compound annual growth rate (CAGR) of 4.6%.

Technology is expected to be a continued driver of market growth during this period. Areas of particular development are likely to be robotics and minimal invasive surgery technologies. Markets such as this one will benefit from the greater efficiencies offered by these technologies. For example, daVinci’s surgical system robot transcends limitations to laparoscopic surgery to treat conditions such as obesity, heart disease and prostate cancer.

Order the report at http://www.thebusinessresearchcompany.com/our-research/healthcare/healthcare-services-global-market-analytics-report-2016/

Interest rates are expected to increase in developed nations, particularly the US and Europe, between 2015 and 2018. This will decrease the flow of cheap money which has been available for investment in 2015-18, making it harder and more expensive for companies in capital-intensive industries such as healthcare services to raise funds.

The UK’s National Health Service the largest organization in the healthcare services market in 2015 with a 3% share of the market. It is 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. Each of the four countries of the UK has a publicly funded health care system –

• NHS England
• NHS Scotland
• NHS Ireland
• NHS Wales

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.

All the four healthcare systems are collectively referred to as the National Health Service, which employs more than 1.5 million people. The NHS in England employs around 1.2 million people. Of those, the clinically qualified staff include 150,273 doctors, 40,584 general practitioners, 314,966 nurses and health visitors, 18,862 ambulance staff, and 111,127 hospital and community health service (HCHS) medical and dental staff. The NHS in Scotland, Wales and Northern Ireland employs 161,415; 84,000 and 66,000 people respectively.

Request a sample of the report at http://www.thebusinessresearchcompany.com/wp-content/themes/tbrc/sample.php?id=2887&req=s

Funding for the NHS comes directly from taxation. For 2015-16, the overall NHS budget was around £116.4 billion. NHS England is managing more than 85% of this.

About The Business Research Company.

The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

Contact Information.

The Business Research Company

Europe: +44 744 3439350

Asia: +91 8897263534

Americas: +1-484-625-8871

Email: [email protected]

Posted by Oliver Guirdham on Friday March 03 2017, 11:22 AM EST. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0