Global healthcare services sector to grow by $6.26b until 2028

One key driver is the trend towards telemedicine.

The global market for healthcare services is projected to rise by $6.26b until 2028 at an estimated compound annual growth rate of 8.73%, said Technavio.

The sector’s expansion is attributed to the rising prevalence of chronic diseases and a trend towards telemedicine, or telehealth.

“During the COVID-19 pandemic, telehealth has been crucial, minimizing viral spread and ensuring continuity of care,” the report said.

The market is also experiencing notable trends across different sectors. One notable example is the advancement of diagnostics and imaging with new technologies.

Meanwhile, demands for neurorehabilitation and psychiatry services are rising, due to the ageing population.