A significant transformation is presently taking place in the global healthcare sector, driven by the quick advancement of technology, shifting demographics, and rising patient expectations. Significant trends are anticipated to completely change the healthcare delivery landscape by 2024.

Here are some Global healthcare market statistics for u to explore!

Market Overview

  1. According to Verified Market Research, by 2028, the global healthcare market is expected to reach $665.37 billion. Benchmark
  2. Devices, services, pharmaceuticals, and other categories make up the healthcare industry. It covers the central nervous system, cardiovascular, oncology, anti-infection, respiratory, and other domains by application. Benchmark
  3. By 2030, the global healthcare market is expected to have grown to $21.06 trillion at an 8.27% CAGR. Webfx
  4. One of the most valuable healthcare brands in the world, UnitedHealthcare, is thought to be worth $37 billion. Webfx
  5. By 2029, it is predicted that global healthcare spending will amount to $15 trillion. Webfx

International Healthcare Statistics

  1. The market size of the US healthcare sector is estimated to be $3.6 trillion. Webfx
  2. In the next four years, the US healthcare sector is predicted to grow at a compound annual growth rate of 10.40%, reaching $85.95 billion by 2027. Webfx
  3. North America and Western Europe accounted for the majority of the healthcare services market in 2023. Asia-Pacific, Western and Eastern Europe, North and South America, the Middle East, and Africa are all covered in the report. Research and markets
  4. UnitedHealth Group, Kaiser Permanente, HCA Healthcare, Fresenius Medical Care, Tenet Healthcare, Mayo Clinic, Community Health Systems, LabCorp, Cleveland Clinic, Davita, and CVS Health are the top ten largest companies in the healthcare services market. Research and markets
  5. The top 5 nations in the world for healthcare services in 2023, according to the London-based think tank The Legatum Institute, were China, Taiwan, South Korea, Japan, and Singapore. International Assurance
  6. Sixty-one percent of adults globally agreed in 2023 that a large number of people in their nation lacked access to quality healthcare. People in Brazil were most likely to concur with this assertion. Statista
  7. The largest exception is the United States, which, despite being one of the richest nations in the world, has two-thirds of respondents who concur that many Americans cannot afford quality health care. Statista

Healthcare Workers Statistics

  1. Hospital employment is increasing; the Bureau of Labour Statistics projects that the healthcare sector will create 2.4 million new jobs by 2026. Discoveryaba
  2. By 2026, the Bureau of Labour Statistics predicts that 2.4 million new jobs will be created in the healthcare sector. Discoveryaba
  3. This indicates a 14% growth rate, which is substantially higher than the national average for all occupations in the US. Discoveryaba
  4. With a predicted growth rate of 34% and 41%, respectively, home health aides and personal care aides are predicted to experience the biggest increase in employment among these new positions. Discoveryaba
  5. Additionally, in great demand are registered nurses (RNs), whose employment is predicted to grow at a rate of 7% between 2019 and 2029. Discoveryaba
  6. Physician assistants (31%) medical assistants (19%) and physical therapists (18%) are among the other healthcare occupations that are predicted to experience substantial job growth. Discoveryaba
  7. A total of 65.1 million health workers were employed globally in 2020, including 29.1 million nurses, 12.7 million doctors, 3.7 million chemists, 2.5 million dentists, 2.2 million midwives, and 14.9 million other workers. With a 6.5-fold difference in density between high-income and low-income countries, it was not distributed fairly. pubmed
  8. By 2030, there will be 84 million health workers in the country. This indicates a growth rate of 29% on average between 2020 and 2030, which is higher than the population growth rate of 9.7%. pubmed
  9. This reevaluation shows that the global shortfall of health workers will drop from 15 million in 2020 to 10 million in 2030, representing a 33% global decline. The WHO projects that the shortages in the Eastern Mediterranean and African regions will only decline by 15% and 7%, respectively. pubmed

Medical Device and Equipment Statistics

  1. The estimated size of the medical device market is $164.10 billion. Webfx
  2. Between 2023 and 2028, the medical device industry is projected to expand at a compound annual growth rate (CAGR) of 4.71%, reaching $206.60 billion by that time. Webfx
  3. The estimated value of the worldwide medical equipment market is $695.05 billion. Webfx
  4. The market size of the US medical instrument and supply manufacturing sector is $98.7 billion. Webfx
  5. By 2024, the Medical Devices market is expected to generate an incredible $509.90 billion in revenue.  Statista
  6. Cardiology Devices is the largest market among the others, with an estimated US$73.42 billion in market volume that same year. Statista
  7. In the future, the industry is anticipated to grow at a consistent rate of 5.71% per year (CAGR 2024–2029), with a projected market volume of US$673.10 billion by 2029. Statista
  8. With an estimated revenue generation of US$179.80 billion in 2024, the United States will lead the world in this regard when taking the global landscape into account. Statista
  9. With over 7000 generic device groups, there are an estimated 2 million distinct types of medical devices available on the global market today.WHO
  10. Medtech exports from the United States have continuously exceeded imports; in 2017, there was a trade surplus of more than $1.1 billion.AdvaMed
  11. Modern medical technology and diagnostics enable people to live longer, healthier, more self-sufficient lives. The United States' life expectancy increased by five years between 1980 and 2019 as a result of advances in medical technology. AdvaMed
  12. Thanks to medical technologies, the number of patient days spent in hospitals has decreased by 38% since 1980. AdvaMed
  13. Stethoscopes, X-ray machines, blood analyzers, urine analyzers, and blood pressure monitors are the top 5 categories of medical equipment used. isnmedical

Global Hospital Statistics

  1. There were 165,000 hospitals worldwide in 2021. Discoveryaba
  2. With over 100,000 hospitals (60.6% of all hospitals worldwide), Asia leads the world in hospital count. Europe comes in second with over 30,000 hospitals (18.2%) and North America with over 7,000 hospitals (4.2%). Discoveryaba
  3. With only about 8,000 hospitals (4.8%), Africa has the fewest hospitals overall. Discoveryaba
  4. There are about 3,500 hospitals in Oceania and about 15,000 in South America (9.1% and 2.1%, respectively). Discoveryaba
  5. With over 16 million jobs in the US, the healthcare industry has been a reliable source of job growth in recent years. Discoveryaba
  6. In the United States, the average cost of a hospital stay was more than $15,000. Discoveryaba
  7. It is anticipated that the cost of healthcare services will keep rising in the upcoming years, with estimates indicating that by 2027, national health expenditures will almost certainly reach $6 trillion. Discoveryaba
  8. Hospital-acquired infections affect about 1 in 31 hospitalized patients, according to the Centers for Disease Control and Prevention (CDC). Discoveryaba
  9. The top 5 hospitals in the world are: R Statista
  • Mayo Clinic - Rochester, United States, Rochester, MN
  • Cleveland Clinic, United States, Cleveland, OH
  • Toronto General - University Health Network, Canada, Toronto
  • The Johns Hopkins Hospital, United States, Baltimore, MD
  • Massachusetts General Hospital, United States, Boston, MA

Global Pharmaceutical Sector Statistics

  1. The estimated amount spent on medicine worldwide was $1.48 trillion. Webfx
  2. According to Statista, the entire pharmaceutical market was projected to be worth approximately $1.6 trillion by 2023. oakwoodslab
  3. The entire global pharmaceutical market grew by more than $100 billion in 2023 as compared to 2022 (Statistica). oakwoodslab
  4. Nearly 40% of the global pharmaceutical market is accounted for by the United States (National Library of Medicine). oakwoodslab
  5. According to Visual Capitalist, the top 5 pharmaceutical companies as of 2023 were AbbVie ($261.2B), Merck ($263.9B), Johnson & Johnson ($377.7B), Novo Nordisk ($452.8B), and Eli Lilly ($578.3B). oakwoodslab
  6. The top 20 pharmaceutical companies spend about $60 billion annually on drug development combined (McKinsey & Company). oakwoodslab
  7. Roughly half of all pharmaceutical sales revenue worldwide is generated in the United States (PharmaNewsIntelligence). oakwoodslab
  8. By 2030, the US pharmaceutical market is predicted to grow to be worth more than $1 trillion (American Pharmaceutical Review). oakwoodslab
  9. According to Modor Intelligence, the biopharmaceutical market is projected to grow from approximately $517 billion in 2024 to approximately $762 billion by 2029. oakwoodslab
  10. The pharmaceutical market is expected to grow at a higher annual rate of 5.96% between 2024 and 2028. (Data Analysis) oakwoodslab

AI in Healthcare

  1. Dealmaking in the medical devices industry is anticipated to be driven by advancements in cardiology, robotic surgery, and wearables with Internet connectivity in 2024. Progress is being accelerated by developments in robotics, AI, machine learning, and IoT; several deals in these fields are expected to occur in the upcoming year. Benchmark
  2. Between 2023 and 2030, the global market for generative AI in healthcare is expected to expand at a 36.7% CAGR. Webfx
  3. The market for preventive healthcare technologies and services is anticipated to grow between 2023 and 2028 at a compound annual growth rate of 12.64%. Webfx
  4. It is projected that the Internet of Medical Things (IoMT) will reach $187.60 billion globally by 2028. Webfx
  5. Hospital and procedure volume penetration is still low despite advancements. Even though the company has seen a 15% CAGR in procedure volumes and a 12% CAGR in installations since 2019, Intuitive Surgical (ISRG) performed less than 10% of the 20 million soft tissue surgeries performed globally in 2022.Blackrock
  6. The global market for artificial intelligence (AI) in healthcare was estimated to be worth approximately 11 billion dollars in 2021. According to projections, the value of the worldwide healthcare artificial intelligence market was expected to reach nearly 188 billion dollars by 2030, growing at a compound annual growth rate of 37% between 2022 and 2030. Statista
  7. Physicians in Europe divide their time equally between treating patients and handling administrative duties. By lowering administrative burdens, AI implementation could enable them to spend 20% more time with patients. Statista
  8. From 53% in 2019 to 90% in 2020, large healthcare organizations had an AI and automation strategy. Furthermore, 66% of respondents knew about robotic process automation, compared to 50% the year before. Statista
  9. Of American healthcare executives surveyed in 2021, 41% said they used AI fully, 26% said their systems worked moderately, and 5% said they had not used AI at all. Statista
  10. In a 2021 UK survey, 59% of participants said they were uncomfortable with doctors using AI for diagnosis or treatment, while 57% said they were comfortable with such apps. Statista
  11. By 2030, the value of the global surgical robot market is projected to nearly quadruple from its current level of $16 billion. NytLicensing

Telemedicine or Digital Health

  1. By 2024, the global digital health market is anticipated to generate US$193.70 billion in revenue. Statista
  2. Additionally, a 9.16% annual growth rate (CAGR 2024–2028) is predicted, leading to a projected market volume of US$275.00 billion by 2028. Statista
  3. It is estimated that the average revenue per user (ARPU) is $60.04. Statista
  4. In the global digital health market, China is expected to bring in the most money, with US$53,070.00 million in revenue by 2024. Statista
  5. The largest market share belongs to the Digital Fitness & Well-Being segment, which is expected to generate US$93.56 billion in revenue by 2024. Statista
  6. U.S. healthcare advertising is expected to reach $29.2 billion by 2028, up from $22.4 billion in 2022, according to the IMARC Group's forecast.NytLicensing
  7. An organic healthcare lead typically costs $320. Healthcare marketers are paying more for every lead as a result of rising digital ad spend. NytLicensing
  8. With AI’s rapid growth, telemedicine is expected to reach $523.1 billion by 2030. Webfx
  9. Based on a forecasted CAGR of 14.98% from 2024 to 2033, the smart healthcare market in the United States is expected to grow from its estimated USD 59.31 billion in 2023 to a value of approximately USD 244.4 billion by 2033. Precedence Research
  10. In 2023, North America accounted for 29.28% of the market's revenue. This is because of government policies that encourage the use of digital health and make highly digitally literate resources accessible. Precedence Research
  11. The size of the smart healthcare market in Asia Pacific was estimated to be USD 52.22 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 18.76% from 2024 to 2033, reaching approximately USD 355.96 billion. Precedence Research
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