Healthcare Industry Sector Analysis

Medical Tourism: The medical tourism industry has seen significant growth over the last few years, with an estimated global market value of $70 billion in 2020.

Indian Education System

This sector includes both inbound and outbound medical tourism, with the top destinations for medical tourism being Thailand, Mexico, and India. The primary reasons for medical tourism include access to high-quality medical treatments at lower costs, shorter waiting times, and the availability of advanced medical technologies.

Pharmaceuticals


The pharmaceutical industry is a significant contributor to the global economy, with a global market value of $1.3 trillion in 2020. The industry comprises companies that discover, develop, and market drugs and medications for various diseases and conditions. The largest pharmaceutical companies in the world are Pfizer, Roche, and Novartis. The key drivers of growth in the pharmaceutical industry are increasing demand for drugs and medications, rising prevalence of chronic diseases, and technological advancements in drug development.

Hospitals


Hospitals are a critical component of the healthcare industry and provide various medical services ranging from emergency care to surgical procedures. The global hospital market is expected to reach $8.7 trillion by 2026, growing at a CAGR of 8.9% from 2021 to 2026. The key drivers of growth in the hospital industry are increasing healthcare spending, the rising incidence of chronic diseases, and the growing geriatric population.

Wellness Industry Sector Analysis

Fitness


The fitness industry is a significant contributor to the global economy, with a global market value of $94 billion in 2020. This sector includes gym memberships, personal training, and fitness equipment. The primary drivers of growth in the fitness industry are increasing health consciousness, the rising prevalence of lifestyle diseases, and technological advancements in fitness equipment.

Mental Health


Mental health is becoming increasingly important, with the global mental health market expected to reach $240 billion by 2026, growing at a CAGR of 12.4% from 2021 to 2026. The key drivers of growth in the mental health industry are increasing awareness of mental health issues, rising prevalence of mental health disorders, and advancements in treatment options such as telemedicine and online therapy.

Graphs and Numbers

Medical Tourism


The global medical tourism market is expected to reach $273.72 billion by 2027, growing at a CAGR of 14.9% from 2020 to 2027. (source: Grand View Research)
Thailand is the most popular medical tourism destination, accounting for 15% of the global market share. (source: Global Wellness Institute)

Pharmaceuticals


The global pharmaceutical market is expected to reach $1.57 trillion by 2023, growing at a CAGR of 4.9% from 2018 to 2023. (source: Markets and Markets)
In 2020, Pfizer was the largest pharmaceutical company globally, with a market value of $200 billion. (source: Statista)

Hospitals


The global hospital market is expected to reach $8.7 trillion by 2026, growing at a CAGR of 8.9% from 2021 to 2026. (source: Meticulous Research)
The United States has the most hospital beds per capita, with 2.8 beds per 1,000 people. (source: World Bank)

Fitness


The global fitness market is expected to reach $147 billion by 2027, growing at a CAGR of 8.5% from 2022