Elective Healthcare Services Market - By Application (Medical Centers, Hospitals, Clinics, and Ambulatory Centers) and By Region-–Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2020-2026

Published Date: 03-Mar-2021 Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-5517 Status : Published

The global Elective Healthcare Services market, which was estimated at about 1,047.7 (USD Billion) in 2019 and is predicted to accrue earnings worth 1,859.2 (USD Billion) by 2026, is set to record a CAGR of nearly over 8.30% during 2020-2026.

Description

The global Elective Healthcare Services market, which was estimated at about 1,047.7 (USD Billion) in 2019 and is predicted to accrue earnings worth 1,859.2 (USD Billion) by 2026, is set to record a CAGR of nearly over 8.30% during 2020-2026. The report offers valuation and analysis of Elective Healthcare Services market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Elective Healthcare Services Market: Overview

Elective healthcare services are those services that are selected by the patient or a doctor that can benefit the patient, but are not urgently required. It includes aesthetic services like Injectables, hair & tattoo removal, and cosmeceuticals. Apart from this, elective healthcare services also comprise of medically benefitting but not immediately requiring medical services like apnea, gastrointestinal disorder, allergies, pain management, and weight loss.

Furthermore, the emerging tide of consumerism witnessed across the healthcare sector has not only empowered the patient but has provided the healthcare service provider with an opportunity to engage with the patient. Moreover, creating value for the patients is the major aim of healthcare service providers. In the patient-centric elective healthcare services industry, healthcare service providers have to consistently change their business models for providing cost-effective elective healthcare solutions to the patients along with delivering sustainable business growth for their firms. Apparently, elective healthcare services industry is strongly influenced by the best benchmarking business practices adopted by the players to acquire best outcomes.

Global Elective Healthcare Services Market

Elective Healthcare Services Market: Growth Dynamics

Growing demand for rescheduling of elective healthcare services after re-opening of hospitals in the countries like the U.S. in the midst of COVID – 19 pandemic will prompt the market growth over the estimated timespan.  Moreover, the preference of patients to get admitted to ambulatory centers for in-patient treatments will create lucrative growth avenues for the elective healthcare services market in the years ahead. With the growing trend among the healthcare service providers to shift the outpatients from hospitals to ambulatory surgical clinics after surgery is likely will promote the business growth in the foreseeable future.

Furthermore, utilization of new elective healthcare service models for enhancing the accessibility as well as affordability of these services for the patients will spearhead the growth of the industry over the coming decade. Governments across the globe are making every effort for these elective healthcare services to reach the people residing at distant places as well as make them easily available for the patients who are classified in the bottom of pyramid group. All these aforementioned factors will augment the market growth over the years ahead.

Moreover, individuals are adopting virtual care alternatives like telehealth due to COVID-19 crises and this will further boost the market trends. Apparently, a prominent surge in video consultation with doctors, telephonic consultation, self-health monitoring, remote monitoring, digital therapeutics, mail-order pharmacy, and online communication will prop up the expansion of the elective healthcare services industry over the forecasting timeline. Healthcare service providers are opting for virtual care services that include providing of healthcare solutions through virtual, remote, and digital channels. This will increase the global reach of the elective healthcare services. Apart from this, the move will assist the healthcare service providers in improving their engagement with the patients along with fulfilling the medical requirements of the people through the digital medium. All these aspects will raise the profitability of the elective healthcare services industry over the forecasting timeline.

Elective Healthcare Services Market: Regional Analysis

North America is likely to capture a huge chunk of the global market share over the forecast timespan. The regional market growth is credited to large-scale unmet medical needs of the patients in the countries of North America due to spur in the COVID pandemic witnessed across the countries like the U.S. Apart from this, large-number of patients in the U.S. are eager for rescheduling their postponed elective healthcare treatment within six months. This will embellish the market earnings in the region over years ahead. For the record, among the patients surveyed for rescheduling of electric healthcare treatment within 6 months in the U.S. during May 2020, it was found that nearly 83% opted for office visits, 80% selected diagnostic testing at labs, 70% opted for outpatient service settings, and 59% wanted inpatient service settings. 

Competitive Landscape

Key players influencing the market growth are Fortis Healthcare, Tata Memorial Hospital, Apollo Hospital, Shanghai Redleaf International Women’s & Children’s Hospital, IHH Healthcare Berhad, Luye Medical Group, Capio AB, Moorfields Eye Hospital, Ramsay Générale de Santé, PillPack, Guizhou Ensure Chain Pharmacy Company Limited, and Fresenius Medical Care.

The participants are focusing on providing high quality healthcare facilities at affordable costs to the patients by adopting proficient elective healthcare services delivery models. These players are investing heavily in digital innovation for boosting their healthcare infrastructure facility and are fulfilling the changing end-user requirements along with strictly adhering to regulatory compliance, thereby contributing sizably towards the overall market size. 

The global Elective Healthcare Services Market is segmented as follows:

By Application:

  • Medical Centers
  • Hospitals
  • Clinics
  • Ambulatory Centers

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Elective Healthcare Services Market, 2016–2026 (USD Billion)
    • 2.2. Elective Healthcare Services Market: Snapshot
  • Chapter 3. Global Elective Healthcare Services Market– Industry Analysis
    • 3.1. Elective Healthcare Services Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Individuals are adopting virtual care alternatives such as telehealth owing to COVID-19 crises and this will boost the market trends.
      • 3.2.2. Prominent increase in video consultation with doctors, telephonic consultation, self-health monitoring, remote monitoring, digital therapeutics, mail-order pharmacy, and online communication will enlarge the scope of the elective healthcare services industry over the forecasting timeline.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Application
  • Chapter 4. Global Elective Healthcare Services Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Elective Healthcare Services Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Service launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Elective Healthcare Services Market– Application Analysis
    • 5.1. Global Elective Healthcare Services Market overview: By Application
      • 5.1.1. Global Elective Healthcare Services Market share, By Application , 2019 and 2026
    • 5.2. Medical Centers
      • 5.2.1. Global Elective Healthcare Services Market By Medical Centers, 2016–2026 (USD Billion)
    • 5.3. Hospitals
      • 5.3.1. Global Elective Healthcare Services Market By Hospitals, 2016–2026 (USD Billion)
    • 5.4. Clinics
      • 5.4.1. Global Elective Healthcare Services Market By Clinics, 2016–2026 (USD Billion)
    • 5.5. Ambulatory Centers
      • 5.5.1. Global Elective Healthcare Services Market By Ambulatory Centers, 2016–2026 (USD Billion)
  • Chapter 6. Company Profiles
    • 6.1. Fortis Healthcare
      • 6.1.1. Overview
      • 6.1.2. Financials
      • 6.1.3. Service Portfulio
      • 6.1.4. Business Strategy
      • 6.1.5. Recent Developments
    • 6.2. Tata Memorial Hospital
      • 6.2.1. Overview
      • 6.2.2. Financials
      • 6.2.3. Service Portfulio
      • 6.2.4. Business Strategy
      • 6.2.5. Recent Developments
    • 6.3. Apullo Hospital
      • 6.3.1. Overview
      • 6.3.2. Financials
      • 6.3.3. Service Portfulio
      • 6.3.4. Business Strategy
      • 6.3.5. Recent Developments
    • 6.4. Shanghai Redleaf International Women’s & Children’s Hospital
      • 6.4.1. Overview
      • 6.4.2. Financials
      • 6.4.3. Service Portfulio
      • 6.4.4. Business Strategy
      • 6.4.5. Recent Developments
    • 6.5. IHH Healthcare Berhad
      • 6.5.1. Overview
      • 6.5.2. Financials
      • 6.5.3. Service Portfulio
      • 6.5.4. Business Strategy
      • 6.5.5. Recent Developments
    • 6.6. Luye Medical Group
      • 6.6.1. Overview
      • 6.6.2. Financials
      • 6.6.3. Service Portfulio
      • 6.6.4. Business Strategy
      • 6.6.5. Recent Developments
    • 6.7. Capio AB
      • 6.7.1. Overview
      • 6.7.2. Financials
      • 6.7.3. Service Portfulio
      • 6.7.4. Business Strategy
      • 6.7.5. Recent Developments
    • 6.8. Moorfields Eye Hospital
      • 6.8.1. Overview
      • 6.8.2. Financials
      • 6.8.3. Service Portfulio
      • 6.8.4. Business Strategy
      • 6.8.5. Recent Developments
    • 6.9. Ramsay Générale de Santé
      • 6.9.1. Overview
      • 6.9.2. Financials
      • 6.9.3. Service Portfulio
      • 6.9.4. Business Strategy
      • 6.9.5. Recent Developments
    • 6.10. PillPack
      • 6.10.1. Overview
      • 6.10.2. Financials
      • 6.10.3. Service Portfulio
      • 6.10.4. Business Strategy
      • 6.10.5. Recent Developments
    • 6.11. Guizhou Ensure Chain Pharmacy Company Limited
      • 6.11.1. Overview
      • 6.11.2. Financials
      • 6.11.3. Service Portfulio
      • 6.11.4. Business Strategy
      • 6.11.5. Recent Developments
    • 6.12. Fresenius Medical Care
      • 6.12.1. Overview
      • 6.12.2. Financials
      • 6.12.3. Service Portfulio
      • 6.12.4. Business Strategy
      • 6.12.5. Recent Developments

Methodology


Frequently Asked Questions

Humungous necessity of rescheduling of elective healthcare activities after re-opening of clinics in the countries such as the U.S. in the midst of COVID – 19 outbreak will promote the business growth over the estimated timespan. Moreover, the growing patient trend to get admitted to ambulatory centers for in-patient treatments will produce lucrative growth avenues for the elective healthcare services industry in the foreseeable future. With the escalating trend among the healthcare service providers to shift the outpatients from hospitals to ambulatory surgical centers post-surgery is anticipated to promote the business growth in the coming years. Moreover, use of new elective healthcare service models for improving the accessibility as well as affordability of these services for the patients will embellish the expansion of the industry over the coming years. Governments across the globe are making every effort for these elective healthcare services to reach every nook & corner across the globe as well as make them easily available to patients who are classified in the bottom of pyramid range. All these aforementioned aspects will prompt the market growth over the next couple of years.

According to Zion Market Research report, the global Elective Healthcare Services market, which was estimated at about 1,047.7 (USD Billion) in 2019 and is predicted to accrue earnings worth 1,859.2 (USD Billion) by 2026, is set to record a CAGR of nearly over 8.30% during 2020-2026.

North America is projected to make notable contributions towards overall market earnings during the forecast timeline. The regional industry surge is credited to large-scale unmet medical needs of the patients in the countries of North America due to surge in the COVID pandemic witnessed across the countries such as the U.S. In addition to this, large-number of patients in the U.S. are eager for rearranging their postponed elective healthcare treatment within next six months.

The key players profiled in the report are Fortis Healthcare, Tata Memorial Hospital, Apollo Hospital, Shanghai Redleaf International Women’s & Children’s Hospital, IHH Healthcare Berhad, Luye Medical Group, Capio AB, Moorfields Eye Hospital, Ramsay Générale de Santé, PillPack, Guizhou Ensure Chain Pharmacy Company Limited, and Fresenius Medical Care.

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