NEW YORK, Aug. 31, 2016 /PRNewswire/ -- 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.
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.
Healthcare services was the largest segment in the healthcare sector with a XX% share of the global market. Pharmaceutical was the second largest segment with XX% of the healthcare market. Medical equipment was the third most important segment with XX% of the market.
Americas was the largest geographic market in the healthcare market in 2015, accounting for $XX billion or XX% of the global market. Americas is the largest market because of a large elderly population, increase in number of people affected with chronic diseases such as heart disease, stroke, cancer, chronic respiratory diseases, diabetes, and mental illness. 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. Middle East & Africa accounted for XX% and Oceania accounts for XX% of the global healthcare market.
Global per capita healthcare consumption 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%. Increasing per capita spend on healthcare reflects higher per person consumption generally, especially in the emerging economies.
Digitalization Of Medical Records - Digitalization of information related to patients including their medical history, diagnoses, medications, treatment plans, immunization dates, allergies, radiology images, and laboratory and test results is being made possible with Electronic Health Records (EHRs). EHRs increase patient participation, and improve diagnostic and treatment outcomes.
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