PUBLISHER: Grand View Research | PRODUCT CODE: 1511963
PUBLISHER: Grand View Research | PRODUCT CODE: 1511963
The global inpatient services market size is anticipated to reach USD 2.37 trillion by 2030, growing at a CAGR of 2.05% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to the increasing healthcare expenditure by governments and private organizations and a growing focus on enhancing healthcare infrastructure. With an increase in the global healthcare budget, there is a significant investment in expanding and modernizing healthcare facilities, contributing to the growing demand for inpatient services globally.
Technology integration in these settings, including Electronic Health Records (EHR), telemedicine, and Remote Patient Monitoring (RPM), contributes to the market's growth over the forecast period. These technologies enhance the efficiency and effectiveness of inpatient care, leading to better patient outcomes. Personalized medicine, Artificial Intelligence (AI), and robotics are expected to transform the inpatient landscape, offering new opportunities for patients and healthcare providers. Hence, many providers are collaborating with medical device companies to integrate advanced technologies into the hospital infrastructure. For instance, in February 2024, the SPARSH Group of Hospitals and GE Healthcare entered into a strategic partnership. They signed an MoU to advance healthcare infrastructure in Karnataka, India, by the integration of advanced technologies, majorly in cardiology, oncology, and neurology, and leveraging AI.