LONDON, GREATER LONDON, UK, November 11, 2016 /EINPresswire.com/ — The healthcare industry is one of the largest and fast growing industries in the world, and it has a direct effect on the quality of life of patients. The term healthcare refers to diagnosis, treatment, and prevention of disease or illness, and other physical and mental impairments in humans and animals. The healthcare industry provides products and services to treat patients with curative, preventive, rehabilitative or palliative care.
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Healthcare products which mainly include drugs and medical equipment are manufactured by several companies and are approved by regulatory authorities. Healthcare services are delivered by practitioners in medicine, chiropractic, dentistry, nursing, pharmacy, allied health, and other care providers. The provision of healthcare services can be either from private profit-making providers, or managed and funded by government agencies.
Access to healthcare varies across countries. It is largely influenced by social and economic conditions as well as the health policies. Each country has specific policies and plans in relation to the personal and population-based health care goals.
Personalized health is a medical model that proposes the customization of healthcare - with medical decisions, practices, and/or products being tailored to the individual patient. A significant change in the healthcare industry’s approach to providing tailored healthcare service is still in the initial stages and is expected to change the outlook for the healthcare industry. Tailor-made or personalized health strategies aid in early detection and better treatment and management of disease. Companies focusing on these tailor-made therapies can have a competitive edge for growth in the future.
According to The Business Research Company’s Healthcare Consultant, Sravanthi Addapally, changes in lifestyles and increases in sedentary jobs are transforming the disease profile of the world population from communicable to non-communicable diseases such as cancer, diabetes and cardiovascular disease. In India for example, healthcare expenditure is expected to grow by 13% from 2005 to 2025.
The Business Research Company expects the healthcare market to grow to approximately $ 9trillion in 2019. The Americas were the largest geographic market in the healthcare market in 2015, accounting for almost half of the global market.
Check out the figure which shows the year-on-year growth of the global healthcare market during 2015–2019.
Dental Services Global Market Briefing 2016
Home Health Care and Residential Nursing Care Services Global Market Analytics Report 2016
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MARKETS COVERED: Computer Facilities Management, Computer Systems Design Services, Software Services, Data Processing and Hosting.
COMPANIES MENTIONED: Telecom, IT Services, Software Products, Computer Hardware.
COUNTRIES: Australia, Brazil, China, France, Germany, India, Italy, Japan, Spain, Russia, UK, USA And More
REGIONS: Asia, Americas, Europe, Middle East & Africa, Oceania.
TIME SERIES: Five years historic and forecast.
DATA SEGMENTATIONS: Country and regional splits, market share of competitors, market segments.
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