Health Insurance Reforms Ignite Growth In Hospitals And Outpatient Care Centers

Posted by sainath on December 17th, 2018

The global hospitals and outpatient care centers market, one of the segments of healthcare services industry. During the historic period it grew at a compound annual growth rate (CAGR) of more than 7%. This was mainly due to the technological advancements and emerging market growth in the healthcare sector.

For the forecasted period, the hospitals and outpatient care centers market size is expected to be over 00 billion by 2021, growing at a CAGR of nearly 9%. The growth rate for forecasted period is higher when compared to the historic period. This is mainly attributed to growing aging population.

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Access to healthcare services in developing countries is expected to improve. Effective implementation of health plans is the core reason for the improvement in healthcare access in many developing regions such as India, China and many Latin American countries. Some of the country-specific health reforms which are set to improve healthcare access are China’s urban resident basic medical insurance and new rural cooperative medical insurance schemes, Brazil’s unified health system and Mexico’s popular health insurance. Hence, increasing access to healthcare services is expected to be a major driver of the hospitals and outpatients care centers market.

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