NEW YORK, Sept. 6, 2016 /PRNewswire/ --
Healthcare services deal with medical and remedial care service. Healthcare services also include furnishing medicine, medical or surgical treatment, nursing, hospital service, dental service, optometrical service and other complementary health services.
Healthcare services comprise hospitals, nursing and community care facilities; home healthcare services; medical and diagnostic laboratories; veterinary services and residential mental health centers. It also includes offices of dentists, physicians and healthcare practitioners.
Hospitals and Outpatient care centers was the largest segment in the healthcare services sector with a XX% share of the global market. Physicians and other healthcare practitioners was the second largest segment with XX% of the healthcare services market. Home Healthcare And Residential Nursing Care services was the third most important segment with XX% of the market. The other segments in the healthcare services market include Medical And Diagnostic Laboratories, Dental services, Substance Abuse And Residential Mental Health and Veterinary Services.
The Americas was the largest geographic market in the healthcare services market in 2015, accounting for $XX billion or XX% of the global market. The Americas is the largest market because of a high proportion of elderly population, busy lifestyles, high prevalence of non-communicable disease and high urban population. Europe was the second largest geographic market, accounting for $XX billion or XX% of the global market. Asia was the third largest geographic market, accounting for $XX billion or XX% of the global market. The Middle East and Africa accounted for XX% and Oceania accounts for XX% of the global healthcare services market.
Global per capita average healthcare services expenditure grew from $XX in 2011 to $XX in 2015 at a CAGR of XX% and is expected to grow to $XX in 2019 at a CAGR of XX%. Per capita average healthcare services expenditure is increasing because of increase in healthcare services spending in emerging markets and higher incidence of non-communicable diseases such as cancer and diabetes.
Increase in Bundle Payments – Bundle payments as the model for financial transactions relating to healthcare are seeing a rapid increase. Bundle payments group all payments a patient receives during a phase of health condition. They include conditions that require pre- and post-hospital care under a single fee. Bundle payments can help ensure better coordination between physicians, nurses, specialists and acute care providers and will increase the service quality delivered to customers. For example, Arkansas' Medicaid program has mandatory bundle payment programs in place for ten different conditions, with additional procedures coming into this program each year.
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