This Healthcare Services market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.
The healthcare services market size has grown strongly in recent years. It will grow from $8.77 trillion in 2024 to $9.25 trillion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to medical advancements, aging population, health insurance expansion, government healthcare programs, healthcare regulations.
The healthcare services market size is expected to see steady growth in the next few years. It will grow to $11.22 trillion in 2029 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to telehealth and digital health, healthcare workforce shortages, health equity initiatives, value-based care, the potential shifts in reimbursement models. Major trends in the forecast period include telemedicine integration, patient-centered care, preventive care and wellness, personalized medicine, healthcare consolidation.
Over the last decade, there have been significant advancements in both survival rates and the quality of life for patients. These remarkable improvements can be attributed to the intersection of medical and technological breakthroughs, which have had a profound impact on the delivery of healthcare services. High-tech diagnostic and therapeutic equipment now seamlessly align with doctors' clinical practices, resulting in enhanced healthcare outcomes. A report from TrendWatch underscores the pivotal role of medical innovations, revealing a 70% enhancement in survival rates for individuals experiencing heart attacks and a two-thirds reduction in mortality rates among cancer patients. These factors collectively contribute to the potential expansion of the healthcare market.
The growth of healthcare services is expected to be driven by the increasing healthcare expenditures in the foreseeable future. Healthcare expenditures encompass all the costs associated with delivering healthcare services, as well as activities related to family planning, nutrition programs, and emergency assistance with a primary focus on health. The expansion of healthcare spending plays a crucial role in enhancing access to healthcare services, reducing barriers to care, and potentially benefiting a larger segment of the population. For instance, in May 2023, according to a report published by the Office for National Statistics, a UK-based government department, healthcare spending in the UK increased by 5.6% from 2022 to 2023, compared to a growth of 0.9% in 2022. The total healthcare expenditure in the UK was approximately $317.63 billion (£292 billion) in 2023. Consequently, the upsurge in healthcare expenditures is a driving force behind the growth of the healthcare services market.
The shared medical appointments (SMA) model is gaining increasing global adoption as a means to optimize healthcare resources and reduce costs. This model is typically characterized by multiple patients being seen together as a group by a multidisciplinary medical care team for follow-up or routine care. Hospitals are increasingly incorporating SMAs as a way to raise awareness and provide counseling to individual patients dealing with similar medical conditions. SMAs complement the traditional one-on-one physician-patient appointments. They offer individual evaluation and disease management for each patient while also providing counseling in a group setting. Currently, SMAs are being employed to address a wide range of medical conditions, including diabetes, asthma, ulcerative colitis, multiple sclerosis, cancer, HIV, menopause, insomnia, and stress.
Prominent healthcare services market players are intensifying their emphasis on developing cutting-edge solutions, including generative artificial intelligence (AI) solutions, aimed at maximizing profitability within the market. Generative AI solutions are AI systems and algorithms crafted to produce content, such as text, images, audio, or video, that is typically creative, coherent, and contextually fitting. For example, in July 2023, Amazon Web Services, an American IT service management company, introduced a novel healthcare-centered service known as AWS HealthScribe. This service is driven by generative AI technology and is specifically tailored to automatically generate clinical documentation. Leveraging speech recognition and generative AI, it analyzes discussions between patients and clinicians to create clinical notes, expediting documentation processing and enhancing clinical efficiency. Furthermore, the service complies with the Health Insurance Portability and Accountability Act (HIPAA) and is applicable for both telehealth and in-clinic consultations.
Major companies operating in the healthcare services market include UnitedHealth Group Incorporated, Kaiser Permanente, HCA Healthcare, Fresenius Medical Care AG & Co. KGaA, Tenet Healthcare, Mayo Clinic, Community Health Systems, Laboratory Corporation of America, Cleveland Clinic, Davita Inc., CVS Health, McKesson Corporation, AmerisourceBergen Corporation, Cardinal Health Inc., Cigna Corporation, Elevance Health, Centene Corporation, Pfizer Inc., Johnson & Johnson, Humana Inc., Merck & Co. Inc., AbbVie Inc., Bristol-Myers Squibb Company, Abbott Laboratories, Molina Healthcare Inc., Danaher Corporation, Eli Lilly and Company, Gilead Sciences Inc., Regeneron Pharmaceuticals Inc., Zoetis Inc., Stryker Corporation, Baxter International Inc., Boston Scientific Corporation, Quest Diagnostics Incorporated, Agilent Technologies Inc., West Pharmaceutical Services Inc., Align Technology Inc.
Healthcare services encompass the range of medical care provided to individuals in need by healthcare professionals, healthcare organizations, and healthcare workers. These services are delivered to patients, their families, and broader communities.
The primary types of healthcare services comprise medical and diagnostic laboratory services, dental services, home healthcare and residential nursing care services, residential substance abuse and mental health facilities, hospitals and outpatient care centers, physicians and other health practitioners, all other ambulatory healthcare services, and ambulance services. Hospitals and outpatient care centers offer diagnostic and medical treatment to patients with various medical conditions. Healthcare expenditures may be classified as public or private and are utilized by both males and females.
The healthcare services market research report is one of a series of new reports that provides healthcare services market statistics, including healthcare services industry global market size, regional shares, competitors with a healthcare services market share, detailed healthcare services market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare services industry. This healthcare services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
North America was the largest region in the healthcare services market in 2024. Western Europe was the second largest region in the healthcare services market. The regions covered in the healthcare services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the healthcare services market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The healthcare services market includes revenues earned by entities by providing human healthcare services such as medical and diagnostic laboratory services, dental services, nursing care, residential substance abuse and mental health facilities and other healthcare services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The healthcare services market size has grown strongly in recent years. It will grow from $8.77 trillion in 2024 to $9.25 trillion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to medical advancements, aging population, health insurance expansion, government healthcare programs, healthcare regulations.
The healthcare services market size is expected to see steady growth in the next few years. It will grow to $11.22 trillion in 2029 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to telehealth and digital health, healthcare workforce shortages, health equity initiatives, value-based care, the potential shifts in reimbursement models. Major trends in the forecast period include telemedicine integration, patient-centered care, preventive care and wellness, personalized medicine, healthcare consolidation.
Over the last decade, there have been significant advancements in both survival rates and the quality of life for patients. These remarkable improvements can be attributed to the intersection of medical and technological breakthroughs, which have had a profound impact on the delivery of healthcare services. High-tech diagnostic and therapeutic equipment now seamlessly align with doctors' clinical practices, resulting in enhanced healthcare outcomes. A report from TrendWatch underscores the pivotal role of medical innovations, revealing a 70% enhancement in survival rates for individuals experiencing heart attacks and a two-thirds reduction in mortality rates among cancer patients. These factors collectively contribute to the potential expansion of the healthcare market.
The growth of healthcare services is expected to be driven by the increasing healthcare expenditures in the foreseeable future. Healthcare expenditures encompass all the costs associated with delivering healthcare services, as well as activities related to family planning, nutrition programs, and emergency assistance with a primary focus on health. The expansion of healthcare spending plays a crucial role in enhancing access to healthcare services, reducing barriers to care, and potentially benefiting a larger segment of the population. For instance, in May 2023, according to a report published by the Office for National Statistics, a UK-based government department, healthcare spending in the UK increased by 5.6% from 2022 to 2023, compared to a growth of 0.9% in 2022. The total healthcare expenditure in the UK was approximately $317.63 billion (£292 billion) in 2023. Consequently, the upsurge in healthcare expenditures is a driving force behind the growth of the healthcare services market.
The shared medical appointments (SMA) model is gaining increasing global adoption as a means to optimize healthcare resources and reduce costs. This model is typically characterized by multiple patients being seen together as a group by a multidisciplinary medical care team for follow-up or routine care. Hospitals are increasingly incorporating SMAs as a way to raise awareness and provide counseling to individual patients dealing with similar medical conditions. SMAs complement the traditional one-on-one physician-patient appointments. They offer individual evaluation and disease management for each patient while also providing counseling in a group setting. Currently, SMAs are being employed to address a wide range of medical conditions, including diabetes, asthma, ulcerative colitis, multiple sclerosis, cancer, HIV, menopause, insomnia, and stress.
Prominent healthcare services market players are intensifying their emphasis on developing cutting-edge solutions, including generative artificial intelligence (AI) solutions, aimed at maximizing profitability within the market. Generative AI solutions are AI systems and algorithms crafted to produce content, such as text, images, audio, or video, that is typically creative, coherent, and contextually fitting. For example, in July 2023, Amazon Web Services, an American IT service management company, introduced a novel healthcare-centered service known as AWS HealthScribe. This service is driven by generative AI technology and is specifically tailored to automatically generate clinical documentation. Leveraging speech recognition and generative AI, it analyzes discussions between patients and clinicians to create clinical notes, expediting documentation processing and enhancing clinical efficiency. Furthermore, the service complies with the Health Insurance Portability and Accountability Act (HIPAA) and is applicable for both telehealth and in-clinic consultations.
Major companies operating in the healthcare services market include UnitedHealth Group Incorporated, Kaiser Permanente, HCA Healthcare, Fresenius Medical Care AG & Co. KGaA, Tenet Healthcare, Mayo Clinic, Community Health Systems, Laboratory Corporation of America, Cleveland Clinic, Davita Inc., CVS Health, McKesson Corporation, AmerisourceBergen Corporation, Cardinal Health Inc., Cigna Corporation, Elevance Health, Centene Corporation, Pfizer Inc., Johnson & Johnson, Humana Inc., Merck & Co. Inc., AbbVie Inc., Bristol-Myers Squibb Company, Abbott Laboratories, Molina Healthcare Inc., Danaher Corporation, Eli Lilly and Company, Gilead Sciences Inc., Regeneron Pharmaceuticals Inc., Zoetis Inc., Stryker Corporation, Baxter International Inc., Boston Scientific Corporation, Quest Diagnostics Incorporated, Agilent Technologies Inc., West Pharmaceutical Services Inc., Align Technology Inc.
Healthcare services encompass the range of medical care provided to individuals in need by healthcare professionals, healthcare organizations, and healthcare workers. These services are delivered to patients, their families, and broader communities.
The primary types of healthcare services comprise medical and diagnostic laboratory services, dental services, home healthcare and residential nursing care services, residential substance abuse and mental health facilities, hospitals and outpatient care centers, physicians and other health practitioners, all other ambulatory healthcare services, and ambulance services. Hospitals and outpatient care centers offer diagnostic and medical treatment to patients with various medical conditions. Healthcare expenditures may be classified as public or private and are utilized by both males and females.
The healthcare services market research report is one of a series of new reports that provides healthcare services market statistics, including healthcare services industry global market size, regional shares, competitors with a healthcare services market share, detailed healthcare services market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare services industry. This healthcare services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
North America was the largest region in the healthcare services market in 2024. Western Europe was the second largest region in the healthcare services market. The regions covered in the healthcare services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the healthcare services market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The healthcare services market includes revenues earned by entities by providing human healthcare services such as medical and diagnostic laboratory services, dental services, nursing care, residential substance abuse and mental health facilities and other healthcare services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Executive Summary
Healthcare Services Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on healthcare services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for healthcare services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The healthcare services market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include: the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Medical and Diagnostic Laboratory Services; Dental Services; Home Health Care and Residential Nursing Care Services; Residential Substance Abuse and Mental Health Facilities; Hospitals and Outpatient Care Centers; Physicians and Other Health Practitioners; All Other Ambulatory Health Care Services; Ambulance Services3) By Type of Expenditure: Public; Private
3) By End User Gender: Male; Female
Subsegments:
1) By Medical and Diagnostic Laboratory Services: Clinical Laboratories; Diagnostic Imaging Services2) By Dental Services: General Dentistry; Specialized Dental Services (Orthodontics, Periodontics)
3) By Home Health Care and Residential Nursing Care Services: Home Health Care; Nursing Care Facilities (Assisted Living, Skilled Nursing Facilities)
4) By Residential Substance Abuse and Mental Health Facilities: Residential Mental Health Facilities; Substance Abuse Rehabilitation Centers
5) By Hospitals and Outpatient Care Centers: General Medical and Surgical Hospitals; Specialty Hospitals (Psychiatric, Rehabilitation); Outpatient Care Centers (Surgery Centers, Dialysis Centers)
6) By Physicians and Other Health Practitioners: General Practitioners; Specialist Physicians (e.g., Cardiologists, Dermatologists); Chiropractors and Other Health Practitioners
7) By All Other Ambulatory Health Care Services: Medical Imaging Centers; Outpatient Diagnostic and Treatment Centers
8) By Ambulance Services: Ground Ambulance Services; Air Ambulance Services
Key Companies Mentioned: UnitedHealth Group Incorporated; Kaiser Permanente; HCA Healthcare; Fresenius Medical Care AG & Co. KGaA; Tenet Healthcare
Countries: Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Healthcare Services market report include:- UnitedHealth Group Incorporated
- Kaiser Permanente
- HCA Healthcare
- Fresenius Medical Care AG & Co. KGaA
- Tenet Healthcare
- Mayo Clinic
- Community Health Systems
- Laboratory Corporation of America
- Cleveland Clinic
- Davita Inc.
- CVS Health
- McKesson Corporation
- AmerisourceBergen Corporation
- Cardinal Health Inc.
- Cigna Corporation
- Elevance Health
- Centene Corporation
- Pfizer Inc.
- Johnson & Johnson
- Humana Inc.
- Merck & Co. Inc.
- AbbVie Inc.
- Bristol-Myers Squibb Company
- Abbott Laboratories
- Molina Healthcare Inc.
- Danaher Corporation
- Eli Lilly and Company
- Gilead Sciences Inc.
- Regeneron Pharmaceuticals Inc.
- Zoetis Inc.
- Stryker Corporation
- Baxter International Inc.
- Boston Scientific Corporation
- Quest Diagnostics Incorporated
- Agilent Technologies Inc.
- West Pharmaceutical Services Inc.
- Align Technology Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 500 |
| Published | April 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 9.25 Trillion |
| Forecasted Market Value ( USD | $ 11.22 Trillion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 38 |
