Global Healthcare Services Industry to Reach US$3.0 Trillion by 2015, According to a New Industry Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global outlook on the Healthcare Services Market. Market for healthcare services is projected to witness steady growth driven by surging investments in areas such as telehealth, healthcare IT, and home healthcare. With the number of aging baby boomers multiplying, demand for home care services is expected to experience robust growth.

Healthcare Services: A Global Outlook

Follow us on LinkedIn – Advancements in the field of healthcare has improved life expectancy as well as quality. The healthcare services industry is largely labor intensive and affected by advancements in medical technologies and patient requirements. The industry is also driven by new legislations and government incentives. Over the years, spending on healthcare services has risen significantly following the availability of advanced technology services, new drugs and increase in health insurance premiums. Further demand for healthcare services is on rise with change in demographic scenario, disease profiles and increasing occurrence of lifestyle diseases. Health related ailments increase with age, in turn driving demand for health care. With preference for home healthcare over hospital settings high among the elderly as well as chronically ill population, home healthcare spending is expected to witness robust growth. Healthcare care costs in the US are bound to ascend in 2012, given the stress in the recovering economy, depreciating Medicaid and Medicare reimbursements as well as consolidation among providers. Consolidation is rampant at the provider level, with hospitals taking over physician practices.

Healthcare delivery is a vital industry due to a host of advantages bundled together. Advancements in this field help maximize patient safety, increase efficacy rates, and on the whole, yield fast response times, improve diagnosis, and bring about a considerable increase in the quality of healthcare. The advent of information technology brought about revolutionary changes in healthcare services. Healthcare institutions and hospitals are expected to focus increasingly on installing, integrating and enhancing electronic medical records (EMR) systems, personal health records (PHRs) and electronic health records (EHRs). Several developing nations have embarked on bringing the influx of telemedicine and information technology, in a move towards expanding the horizons of end-use applications. The acceptance of remote patient monitoring technologies and telehealth is expected to encourage growth in home healthcare services in the near term. Private sector is the major provider for healthcare services in Asia-Pacific. Rising income levels and a growth in elderly population, besides increasing incidence of lifestyle diseases are set to drive spending on healthcare delivery in the emerging markets.

The research report titled “Healthcare Services: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global Healthcare Services industry, identifies major short to medium term market challenges, and growth drivers. Market discussions in the report are punctuated with fact-rich market data tables. Regional markets elaborated upon include United States, Canada, Mexico, Denmark, UK, Switzerland, Australia, India, Brazil, Israel and Egypt, among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit –
http://www.strategyr.com/Healthcare_Services_Industry_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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