Global Healthcare Sector
According to United Nations reports, the global population is expected to reach 8.5 billion by 2030, and by 2050, it is estimated to rise to 9.7 billion. This population growth will undoubtedly lead to an increase in the demand for healthcare services. Therefore, Mashroo3k recommends investing in this vital sector.
It is worth noting that global healthcare spending is expected to grow at a rate of 3.9% annually between 2020 and 2024, which is significantly higher than the rate recorded between 2015 and 2019, which was 2.8%.
Additionally, the number of hospital beds per 1,000 people globally is 2.9, while the number of doctors per 1,000 people is 1.8. The number of nurses and midwives per 1,000 people is 4. These numbers are much lower than required. Therefore, there is an urgent need for increased investments in the healthcare sector to meet the growing demand for healthcare services.
Global Healthcare Market
Technological advancements in the healthcare sector have played a significant role in improving medical services, greatly enhancing survival rates and quality of life over the past decade. Experts predict that the global medical services market will grow from $6.872.86 billion by the end of 2021 to $7,548.52 billion by the end of 2022. By 2026, the medical services market is expected to experience substantial growth, reaching $10,414.36 billion, with a compound annual growth rate (CAGR) of 8.4% during the forecast period (2022-2026).