Healthcare services market to expand by $6.26t by 2028

The increasing prevalence of chronic diseases offers growth opportunities.

The global healthcare services market is expected to rise by $6.26t until 2028 at a compound annual growth rate of 8.73%, according to Technavio.

The report revealed that the sector is fragmented, with vendors seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.

In line with this, the increasing prevalence of chronic diseases offers opportunities for market growth.

However, rising healthcare costs pose challenges to accessibility and service quality.