The global healthcare services market is projected to grow by USD 6.26 billion from 2024 to 2028, driven by an 8.73% CAGR, largely due to the rising prevalence of chronic diseases and the increasing adoption of telemedicine. Key trends include advancements in diagnostics, a focus on patient-centric care, and the expansion of services by major healthcare systems. The market is evolving to enhance accessibility, efficiency, and quality of care, while addressing the needs of underserved populations.
The global healthcare services market is projected to grow by USD 6.26 billion from 2024 to 2028, driven by an 8.73% CAGR, largely due to the rising prevalence of chronic diseases and the increasing adoption of telemedicine. Key trends include advancements in diagnostics, a focus on patient-centric care, and the expansion of services by major healthcare systems. The market is evolving to enhance accessibility, efficiency, and quality of care, while addressing the needs of underserved populations.
Nearly half of U.S. metropolitan areas are dominated by one or two health systems, raising concerns about rising healthcare costs and market competition. A recent study shows that 67% of hospitals were affiliated with health systems in 2022, with 97% of metro areas having highly concentrated hospital markets. While larger cities have more competition, major systems still control significant market shares, prompting increased scrutiny from Congress on hospital mergers and pricing policies.
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