Hospitals

The Hospitals market in Argentina is expected to generate a revenue of US$24.28bn in 2024.
It is projected to achieve an annual growth rate (CAGR 2024-2029) of 2.09%, leading to a market volume of US$26.94bn by 2029.
When compared globally, United States is expected to generate the highest revenue in the Hospitals market, reaching US$1.50tn in 2024.
In terms of per person revenues, in Argentina is projected to generate US$527.30 in 2024.
The hospital market in Argentina is experiencing a growing demand for specialized medical services due to the country's aging population.

Definition:
Hospitals are licensed facilities that provide a variety of medical and surgical services, some of which are also provided by other facilities. A distinguishing characteristic of hospitals is “inpatient care,” which refers to services where patients are admitted to a hospital to stay overnight for closer monitoring.

This market includes general hospitals, psychiatric hospitals, and specialist hospitals, which provide various services to patients, ranging from diagnostics, medical and surgical treatments, nursing and specialized accommodation to other medical services. Depending on the specific legal regulations, the medical services provided by hospitals can vary greatly from country to country. Long-term care facilities, ambulatory care providers, and medical retailers are excluded from this market.

Structure:
The Hospitals market is divided into three categories: Inpatient Care, Outpatient Care, and Other Hospital Services. Inpatient Care comprises all the medical and surgical services that are provided to patients who are admitted to a hospital for an overnight stay. Outpatient Care covers all medical and surgical services that are provided to patients without having to spend the night in a hospital. Other Hospital Services includes hospital services that are provided outside of a basic hospital setting, e.g., day-care, long-term care, and home-based care.

Additional information:
The shown KPIs include revenues, average revenue per capita, number of hospitals, density of hospitals, average revenue per hospital, number of hospital beds, density of hospital beds, and average revenue per hospital bed. Market values represent revenues paid to hospitals by the respective healthcare payers (including VAT, if applicable). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

General hospitals, including community, county, and regional hospitals
Psychiatric hospitals
Specialist hospitals, such as maternity clinics and aesthetics clinics

Long-term care facilities
Ambulatory care providers, such as specialist practices and dental practices
Providers of ancillary medical services
Medical retailers and other providers of medical supplies

The healthcare industry in Argentina has been growing steadily over the years, and the hospitals market is no exception.

Customer preferences: Argentinians place a high value on healthcare and are willing to pay for quality services. Private healthcare is particularly popular, with many individuals opting for private hospitals over public ones. This is due to the perceived higher quality of care and shorter wait times.

Trends in the market: One of the main trends in the hospitals market in Argentina is the increasing demand for specialized services. As the population ages, there is a growing need for specialized care for chronic conditions such as diabetes and cardiovascular disease. In addition, there is a rising demand for cosmetic surgery and other elective procedures.Another trend is the adoption of technology in healthcare. Hospitals are investing in new technologies such as electronic medical records, telemedicine, and robotic surgery. This is improving the quality of care and making healthcare more accessible to patients in remote areas.

Local special circumstances: Argentina has a two-tier healthcare system, with a public system that provides free healthcare to all citizens and a private system that is more expensive but offers better quality care. The private sector is dominated by a few large players, which limits competition and can result in higher prices for consumers.

Underlying macroeconomic factors: Argentina has experienced economic instability in recent years, with high inflation and currency fluctuations. This has had an impact on the healthcare industry, with hospitals struggling to keep up with rising costs. In addition, the government has reduced spending on healthcare, which has put pressure on the public system. However, the private sector has continued to grow, driven by rising demand for quality healthcare services.

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The healthcare landscape in the United States is a complicated one. There are federal health insurance plans for low-income individuals namely Medicaid and CHIP (Children’s health insurance program) and Medicare for seniors and the disabled. Aside from these, people must buy private health insurance or be left uninsured because the U.S. is the only high-income country without universal healthcare coverage. Hospitals in the U.S., therefore, receive payment from multiple payers. Most revenue generated by U.S. hospitals comes from private insurance, self, or other payments. The complexity of this multi-payer system is instrumental to the U.S. having the highest administrative health costs per capita among wealthy nations.