According to United Nations reports, the global population is expected to reach 8.5 billion by 2030, and by 2050, it is projected to increase to 9.7 billion. This population growth will undoubtedly lead to a rise in demand for healthcare services; therefore, Mashrroo3k recommends investing in this vital sector.
It is noted that global healthcare spending is expected to increase at an annual rate of 3.9% between 2020 and 2024, which is much higher than the 2.8% growth rate recorded between 2015 and 2019.
It is also worth mentioning that the number of hospital beds globally per 1,000 people is 2.9, while the number of physicians per 1,000 people is 1.8. The number of nurses and midwives per 1,000 people is 4. These figures are significantly lower than the required standards, indicating a pressing need for increased investments in the healthcare sector to meet the growing demand for healthcare services.
Globally, technological advancements in healthcare have played a crucial role in improving medical services, with survival rates and quality of life significantly improving over the past decade. Experts predict that the global healthcare services market will grow from USD 6,872.86 billion by the end of 2021 to USD 7,548.52 billion by the end of 2022. By 2026, the market is expected to experience substantial growth, reaching a value of USD 10,414.36 billion, with a compound annual growth rate (CAGR) of 8.4% during the forecast period (2022–2026).