Global Hospital Market Assessment 2030 | Infographics

Hospitals are an integral part of health systems worldwide and provide very important acute care medical services, ranging from emergency treatment to specialized therapies. The Global Hospital Market was valued at USD 4,823.61 billion in 2022 and is expected to reach USD 7,926.81 billion by 2030, at a CAGR of 6.41% during the period from 2023 to 2030. The various factors that fuel the growth such as rising demand for specialty healthcare, growing patient-centered care, and a corresponding encroachment of tourism associated with medial cases. Other major drivers that have acted as forces for an expanding hospital market are sudden population increase, prevalence of more chronic diseases, and raised health awareness. Improving diagnostic facilities, advanced technology in diagnostic equipment, surgical instruments, and new drug inventions give better services to hospitals, which in turn attracts patients for better treatment, enhancing the market growth.

North America dominates the hospital market globally on account of Government-favored healthcare policies, technological advancement, and a strong network of specialty hospitals. For example, the United States alone has over 6,100 hospitals, as well as a large number of urban community hospitals. In addition to this, the region faces inbound medical tourism, with more than 150,000 visitors annually for a range of treatments. The APAC region is the fastest region in the growth of the hospital market, propelled by better healthcare infrastructure, aging populations, and medical technology advancement. In APAC, the continued healthcare growth will be powered by more than 25,000 hospitals working in both the public and private sectors in China. Government initiatives are in a leading position across the world. Norway is investing rigorously in its healthcare infrastructure; similarly, India is developing AYUSH—Ayurveda, Yoga & Naturopathy, Unani, Siddha, and Homeopathy—services through various schemes. All this shall provide better access to healthcare, enhance quality, and develop specialized services, hence promoting the growth of the hospital market.

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