Hospitals - Worldwide

  • Worldwide
  • The projected revenue in the Hospitals market worldwide is expected to reach US$4.08tn in 2023.
  • It is anticipated that the revenue will exhibit an annual growth rate (CAGR 2023-2028) of 3.52%, resulting in a market volume of US$4.85tn by 2028.
  • When compared globally, in the United States is expected to generate the highest revenue, amounting to US$1,436.00bn in 2023.
  • In terms of per person revenues, an estimated US$531.30 will be generated per individual in 2023.
  • In the United States, hospitals are increasingly investing in telemedicine technology to provide remote healthcare services to patients in rural areas.

Key regions: United States, China, Germany, Japan, Europe

Region comparison

Analyst Opinion

With an annual revenue of more than US$4tn, the hospitals Market is one of the biggest and most essential markets in the healthcare industry. The increase in diseases and an aging population are the main drivers of the hospitals market. Over the last 50 years the worldwide obesity has nearly tripled according to the World Health Organization. More than 13% of adults are being obese and around 39% of adults are being overweight. Additionally, poor lifestyle such as lack of exercise, unhealthy diet habits, and smoking lead to further health problems. As a result, chronic diseases such as asthma, diabetes, and cancer are increasing in prevalence. Furthermore, due to the increasing average life expectancy there is a huge demand for special treatments and medical care of the aging population. Accordingly, the total health expenditure is expected to increase rapidly as the demand and patient numbers are growing.

A restrictive factor for the hospital markets is the limited access to healthcare facilities in many emerging countries. Poor quality of healthcare facilities and the lack of professional healthcare staff and hospitals are playing a negative role in the development of the hospitals market in the developing countries.

In the forecast period, the hospitals market exhibits steady growth at a CAGR of around 4%. In the future, rising demand for technology and digitalization such as electronic health records, surgery robotics and AI-based diagnostics are going to further influence the Hospitals Market.


Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.


In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.


  • Revenue
  • Hospitals
  • Hospital beds
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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