Hospitals - Angola

Angola

The Hospitals market in Angola is projected to reach a revenue of US$1.16bn in 2024.
This represents an annual growth rate (CAGR 2024-2029) of 3.08%, resulting in a market volume of US$1.35bn by 2029.
When compared globally, United States is expected to generate the highest revenue with US$1,501.00bn in 2024.
In terms of per person revenues, in Angola is expected to generate US$30.69 in 2024.
The hospital market in Angola is experiencing a rising demand for advanced medical equipment and technologies.

Key regions: United States, China, Germany, Japan, Europe

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Analyst Opinion

The healthcare industry in Angola has been growing rapidly over the past few years, with the hospitals market being a significant contributor to this growth.

Customer preferences: Angolan customers are increasingly seeking high-quality healthcare services, which has led to a rise in demand for private hospitals. This is due to the fact that private hospitals are known to provide better facilities, equipment, and medical staff, which results in higher chances of successful treatments. Additionally, the middle and upper classes are willing to pay a premium for these services.

Trends in the market: One of the key trends in the hospitals market in Angola is the increasing number of private hospitals. This trend is driven by the growing demand for better healthcare services, as well as the increasing number of foreign investors who are investing in the healthcare industry in Angola. Another trend is the adoption of new technologies and medical equipment, which is helping to improve the quality of healthcare services in the country.

Local special circumstances: One of the key challenges facing the hospitals market in Angola is the lack of sufficient infrastructure. This is particularly true in rural areas, where access to healthcare services is limited. Additionally, the country has a shortage of medical professionals, which has resulted in a high doctor-to-patient ratio. This has led to longer waiting times for patients seeking medical attention.

Underlying macroeconomic factors: The healthcare industry in Angola is being driven by several macroeconomic factors, including the government's efforts to improve healthcare services in the country. The government has been investing heavily in the healthcare sector, which has led to the construction of new hospitals and the upgrading of existing ones. Additionally, the country's growing middle class is driving demand for better healthcare services, which is creating opportunities for private hospitals to expand their operations. Finally, the increasing number of foreign investors in the healthcare industry is helping to drive growth in the market.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.