Analysis of Market Trends and Strategies in the Health Industry: A Perspective Based on the PESTLE Model
Year: 2024
Type: article
Abstract: The health industry has received unprecedented attention globally as a key area for improving people's quality of life. With the ageing population, rising prevalence of chronic diseases, and increasing consumer health awareness, the health industry is undergoing rapid development and transformation. This study uses the PESTLE model (Political, Economic, Social, Technological, Legal, and Environmental) to analyse market trends in the health industry. It is found that government-supportive policies, macroeconomic growth, growth in social demand, technological innovation, improvement in laws and regulations, and requirements for environmental protection have all contributed to the development of the health industry to varying degrees. However, these factors have also brought about new challenges, such as overall cost control, service quality improvement, technological safety and sustainable development. By considering these factors in a comprehensive analysis, this study provides useful insights into the future development of the health industry and suggestions for sustainable development.
Author: Jiawei Chen
Institution: Xi’an Jiaotong-Liverpool University
Language: English
Subfield: General Health Professions
Field: Health Professions
Domain: Health Sciences
Open Access status: hybrid
OpenAlex ID: W4405820852