Hospitals

The Hospitals market in Bahrain is expected to witness significant growth in the coming years.
According to projections, the revenue is estimated to reach US$704.10m by 2024.
This indicates a positive trend in the market.
Furthermore, it is anticipated that the Hospitals market will continue to grow at an annual growth rate of 4.23% from 2024 to 2029.
This will result in a market volume of US$866.30m by the end of 2029.
This steady growth demonstrates the potential for expansion and development within the sector.
When comparing the global scenario, it is worth noting that United States is expected to generate the highest revenue in the Hospitals market, reaching a staggering US$1.50tn in 2024.
This highlights the dominance of the US market and its significant contribution to the overall industry.
In terms of per person revenues, in Bahrain is projected to generate US$469.80 in 2024.
This figure showcases the average revenue generated per individual in the country's Hospitals market.
It is an important indicator of the market's performance and its impact on the population.
Overall, the Hospitals market in Bahrain is poised for growth, with revenue projections indicating positive trends in the coming years.
This presents opportunities for investment and development within the sector, and showcases Bahrain's position within the global market.
The hospital market in Bahrain is experiencing a rise in demand for specialized medical services catering to the growing expatriate 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 Bahrain has been growing at a steady pace in recent years, driven by factors such as an aging population, increasing prevalence of chronic diseases, and rising healthcare expenditure. As a result, the Hospitals market in Bahrain has also witnessed significant growth in demand for healthcare services.

Customer preferences: Bahrain has a high standard of healthcare services, with both public and private hospitals providing quality healthcare services to patients. However, there is a growing preference for private hospitals due to their better facilities, shorter waiting times, and higher quality of care. Patients also prefer hospitals that offer specialized treatments and procedures, such as oncology, cardiology, and orthopedics, which has led to an increase in demand for hospitals that offer these services.

Trends in the market: One of the major trends in the Hospitals market in Bahrain is the increasing adoption of technology in healthcare services. Hospitals are investing in advanced medical equipment and digital health solutions to provide better patient care and improve efficiency. Telemedicine is also gaining popularity in Bahrain, allowing patients to access healthcare services remotely, which has become particularly important during the COVID-19 pandemic.Another trend in the market is the growing medical tourism industry in Bahrain. The country is known for its high-quality healthcare services, and many patients from neighboring countries travel to Bahrain for medical treatments. This has led to a rise in demand for private hospitals that offer specialized treatments and procedures.

Local special circumstances: Bahrain has a small population compared to other countries in the region, which has led to a concentration of healthcare services in a few key areas. The capital city, Manama, has the highest concentration of hospitals and healthcare facilities in the country. However, the government is working to improve healthcare services in other regions of the country by investing in new hospitals and clinics.

Underlying macroeconomic factors: Bahrain has a strong economy, driven by the oil and gas industry, which has allowed for significant investment in healthcare infrastructure. Additionally, the government has implemented policies to encourage private investment in the healthcare sector, which has led to the growth of private hospitals and clinics. The aging population and increasing prevalence of chronic diseases have also contributed to the growth of the Hospitals market in Bahrain.

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.