The global healthcare services industry, covering care delivery, payment and distribution, is valued at approximately USD 8.91 trillion in 2025 (base year 2025, forecast to 2031). The industry grew about 4.4-4.9% a year from 2022 to 2024, and demand is largely non-cyclical and driven by demographics. The report excludes pharmaceutical and medical device manufacturing, which are covered in separate reports.
The industry is segmented by type into Hospitals & Outpatient Care Centers; Physicians & Other Health Practitioners; Home Health Care & Residential Nursing Care; Medical & Diagnostic Laboratory Services; Dental Services; and Residential Substance Abuse & Mental Health Facilities. By application it covers Inpatient Services, Outpatient/Ambulatory Services, Home-Based Care, Telehealth/Virtual Care, and Preventive & Wellness Care. Country forecasts cover 16 countries across five regions.
Population aging, the shift toward home-based and virtual care, and AI adoption in clinical and administrative work drive growth, while rising medical cost trends that squeeze payer margins, provider cost escalation, and overlapping revenues across the value chain are the main inhibitors. The report profiles 25 companies including UnitedHealth Group, CVS Health, McKesson Corporation, Cencora, Cigna Group, Cardinal Health, Elevance Health, Centene Corporation, and includes Porter's Five Forces, PESTLE and SWOT analyses and a 2031 outlook for corporate strategy, investment, M&A and procurement teams.
The industry is segmented by type into Hospitals & Outpatient Care Centers; Physicians & Other Health Practitioners; Home Health Care & Residential Nursing Care; Medical & Diagnostic Laboratory Services; Dental Services; and Residential Substance Abuse & Mental Health Facilities. By application it covers Inpatient Services, Outpatient/Ambulatory Services, Home-Based Care, Telehealth/Virtual Care, and Preventive & Wellness Care. Country forecasts cover 16 countries across five regions.
Population aging, the shift toward home-based and virtual care, and AI adoption in clinical and administrative work drive growth, while rising medical cost trends that squeeze payer margins, provider cost escalation, and overlapping revenues across the value chain are the main inhibitors. The report profiles 25 companies including UnitedHealth Group, CVS Health, McKesson Corporation, Cencora, Cigna Group, Cardinal Health, Elevance Health, Centene Corporation, and includes Porter's Five Forces, PESTLE and SWOT analyses and a 2031 outlook for corporate strategy, investment, M&A and procurement teams.
Table of Contents
1. Executive Summary2. Industry Overview & Forecast
3. Market Segmentation by Type
4. Market Segmentation by Application
5. Regional Market Forecast
6. Country-Level Market Forecast
7. Growth Drivers & Inhibitors
8. Key Company Profiles (UnitedHealth Group, CVS Health, McKesson Corporation, Cencora, Cigna Group, Cardinal Health, Elevance Health, Centene Corporation, HCA Healthcare, Humana)
9. Competitive Landscape
10. Porter's Five Forces Analysis
11. PESTLE Analysis
12. SWOT Analysis
13. Future Trends & Outlook
Companies Mentioned
- UnitedHealth Group
- CVS Health
- McKesson Corporation
- Cencora (AmerisourceBergen)
- Cigna Group
- Cardinal Health
- Elevance Health (Anthem)
- Centene Corporation
- HCA Healthcare
- Humana
- Fresenius Medical Care
- Kaiser Permanente
- Quest Diagnostics
- Labcorp Holdings
- Tenet Healthcare
- Universal Health Services
- DaVita Inc.
- IQVIA Holdings
- Community Health Systems
- Molina Healthcare
- Encompass Health
- Ramsay Health Care
- Fresenius SE (Group)
- Teladoc Health
- IHH Healthcare
