Global hospital services to be valued at $24.17t by 2034

By hospital, the private hospital segment is anticipated to grow at the fastest rate.

The global hospital services market is expected to reach $24.17t by 2034 at a compound annual growth rate of 6.15%, according to a Statifacts report.

The sector’s expansion is attributed to rising digital transformation, technological developments, an increasing demand for data-driven decision-making, and the need for continuous market tracking.

“Key components of digital transformation for healthcare services include blockchain, artificial intelligence, software development, custom mobile app development, big data, internet of things, and cloud computing,” the report said.

By hospital, the private hospital segment is anticipated to grow at the fastest rate in the market during the forecast period.

Meanwhile, by service type, the outpatient services segment is projected to experience the highest growth rate until 2034.