Analysis of Market Trends and Strategies in the Health Industry: A Perspective Based on the PESTLE Model

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.

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Publication Details

Journal
Advances in Economics Management and Political Sciences
Published
2024-12-26
DOI
https://doi.org/10.54254/2754-1169/2024.18657
Primary Topic
Business and Economic Development
Type
article
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article

Analysis of Market Trends and Strategies in the Health Industry: A Perspective Based on the PESTLE Model

J.X. Chen
Advances in Economics Management and Political Sciences
Business and Economic Development
article

Analysis of Market Trends and Strategies in the Health Industry: A Perspective Based on the PESTLE Model

J.X. Chen
article en

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.

Advances in Economics Management and Political SciencesVol. 136(1)
Xi’an Jiaotong-Liverpool University (CN)
Industry, innovation and infrastructure
Openalex Percentile: Top 63%
Business and Economic Development
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Analysis of Market Trends and Strategies in the Health Industry: A Perspective Based on the PESTLE Model — J.X. Chen · Advances in Economics Management and Political Sciences (2024) | TGRS Research Map | TGRS