An estimated 70 million Americans have insomnia, and 39 million suffer from obstructive sleep apnea (OSA), mostly undiagnosed. As obesity rates remain high, this problem is not likely to dissipate any time soon. Therefore, there is ample room for future growth of CPAP devices and sleep studies, performed at home or in specialized clinics.

Elective surgery is the key revenue-generating source for most hospitals, ambulatory surgery centers (ASCs) and other inpatient and outpatient centers. It is estimated that up to two-thirds of hospital revenue is generated by surgical procedures.

The healthcare landscape is undergoing a profound transformation, ushering in the era of digital health as the new norm.

The use of big data analytical tools offers enormous opportunities to collect large amounts of data for the development of therapeutic drugs. Big data in healthcare typically refers to data collection from different sources, including biometric systems, medical research, data analytical tools, and electronic medical records.

Telehealth soared during the pandemic in 2020 as consumers stayed home and communicated with their physicians via Zoom video calls and by phone, email and chat. The number of telehealth companies exploded. Then, in 2021-2023, as demand for the GLP-1 weight loss medications took off, many of these telehealth providers added weight loss plans based on access to these drugs, plus support.

Discover five fast-growing industries that are making waves in the business world, and learn which key segments offer the highest potential for revenue growth, based on new data from a variety of leading market research firms.

Health coaching has emerged as a $7.6 billion service market, with a strong growth outlook. There are now an estimated 128,000 health coaches and health educators that advise and motivate clients to change bad lifestyle habits and to manage chronic conditions such as diabetes.

Health care expenditures continue to rise in the U.S. and throughout the world. Total U.S. health care expenditures were estimated to be $4.12 trillion in 2022 and are projected to soar to $5.51 trillion in 2030.

The healthcare industry is undergoing rapid transformation, driven by groundbreaking new technology and the need for more cost-effective care and improved health outcomes.

The U.S. weight loss market has grown 16% from 2020, to $75 billion, recovering much of the ground lost to the Covid-19 pandemic. Medical weight loss programs represented a significant 11.7% of the total weight loss market in 2022, worth $8.8 billion, and this share is forecast to rise to 13.4% by 2027.