US Demand For Medical Services to Reach $3.1 Trillion in 2021
CLEVELAND, Jan. 18, 2018 /PRNewswire/ — US demand for medical services is forecast to reach $3.1 trillion in 2021, according to Medical Services: United States, a report recently released by Freedonia Focus Reports. Providers of medical services are expected to benefit from continued growth in consumer incomes, government healthcare spending, and the number of acute and chronic conditions, driven by an aging population. Faster gains in value terms will be limited by government and insurance company efforts to curb growth in healthcare costs.
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Notably, spending for home healthcare services is projected to exhibit the most rapid growth among discrete segments to 2021. The lower costs associated with home healthcare services relative to nursing homes and the desire of many persons to remain in their homes are expected to drive spending. In addition, the growing elderly population is projected to boost demand.
These and other key insights are featured in Medical Services: United States. This report forecasts to 2021 US medical services demand in nominal US dollars. Also provided are forecasts for various indicators of patient activity in volume terms. Total demand is segmented by provider in terms of:
- physician and clinical
- other professional providers
- nursing and continuing care facilities
- home healthcare
- other providers such as worksites and schools
Patient activity is provided as follows:
- physician office visits
- dental office visits
- hospital emergency visits
- hospital outpatient facility visits
- hospital admissions
- outpatient surgical procedures
- inpatient surgical procedures
To illustrate historical trends, total demand, the various demand segments, and the various patient activity indicators are provided in annual series from 2006 to 2016.
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Services reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
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SOURCE The Freedonia Group