Hospital Services Market to Be Driven by Increase in Disposable Income Specifically in Developing Countries
Global health care spending is projected to increase from US$ 6.5 Trn in 2012 to US$ 10 Trn in 2020 at a compound annual growth rate of 5.5%. Hospital services account for a significant proportion of health care spending. In 2015, around US$ 3.2 Trn was spent on health care in the U.S., with hospital services accounting for 32%, or over US$ 1 Trn.
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