Life Care Solution Services Market Analysis

End-user (Hospitals, Diagnostic Centers)

The global life care solution services market is segmented and analyzed for demand and supply by end-user into hospitals, diagnostic centers, and others. Out of the three types of end-users, the hospitals segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the increasing number of hospitals across the globe baked by the heavy government funding to construct hospitals to provide better medical care for people. Growing number of hospitals along with the enhanced and automated equipment are projected to fuel the growth of the global life care solution services market over the forecast period. For instance, in 2020, Colombia was estimated to have the highest number of hospitals i.e., 10,900. In comparison, Japan had approximately 8,000 and United States had nearly 6,000 hospitals in the same period.

Product Type (Patient Monitoring, Maternal & Infant Care, Consumables, Diagnostic Cardiology, Anesthesia/Respiratory)

The global life care solution services market is also segmented and analyzed for demand and supply by product type into patient monitoring, maternal & infant care, consumables, diagnostic cardiology, and anesthesia/respiratory. Amongst these segments, the consumables segment is expected to garner a significant share by 2036. Consumables segment is projected to grow on the back of rising awareness towards the hygiene and safety of both patients and healthcare providers backed by their heavy utilization in the medical facilities such as, labs, hospitals, clinics, and others. The example of these consumables includes masks, gowns, tubing, needles, syringes, adhesives, catheters, gloves, and others. The medical consumables are the vital part of the medical fields. Consumables such as, kidney dishes, body wipes, gauze swabs, ear thermometer probe covers, adult diapers, cotton wool balls, and others can be seen in the public hospitals. Owing to modern rules and regulations for hospitals, a significant surge in the utilization of medical consumables can be observed. Hence, such requirement is expected to drive the segment growth over the forecast period.

Our in-depth analysis of the global market includes the following segments: