Hospitals

The projected revenue in the Hospitals market in Bangladesh is expected to reach US$4.99bn in 2024.
It is also anticipated that the revenue will show an annual growth rate (CAGR 2024-2029) of 9.78%, resulting in a market volume of US$7.96bn by 2029.
When comparing to the global market, United States is expected to generate the highest revenue in 2024, with a staggering amount of US$1.50tn.
In terms of per person revenues, the projected figure for Bangladesh in 2024 is US$28.58.
This indicates the amount of revenue generated per individual in relation to the total population of the country.
The hospital market in Bangladesh is witnessing a growing trend of adopting digital healthcare solutions to enhance patient care and improve operational efficiency.

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

Bangladesh has been experiencing a significant growth in its healthcare industry. The hospitals market in the country has been developing in a certain way due to various factors.

Customer preferences: In Bangladesh, the demand for quality healthcare services has been on the rise. With increasing awareness about health and medical facilities, customers are looking for hospitals that offer advanced medical technologies and treatments. Patients are also seeking hospitals that provide personalized care and attention.

Trends in the market: One of the major trends in the hospitals market in Bangladesh is the growing number of private hospitals. Private hospitals are expanding their services and facilities to cater to the rising demand for quality healthcare. These hospitals are also investing in advanced medical technologies and equipment to provide better treatment options for their patients. Another trend in the market is the increasing popularity of medical tourism. Bangladesh is becoming a preferred destination for medical tourists due to the availability of quality healthcare services at affordable prices.

Local special circumstances: Bangladesh has a large population of around 160 million people, and the government has been investing in the healthcare sector to meet the growing demand for medical facilities. However, the public healthcare system in the country is still underdeveloped, and there is a shortage of medical professionals and facilities in rural areas. This has led to a significant gap between the demand and supply of healthcare services, which has resulted in the growth of private hospitals in the country.

Underlying macroeconomic factors: The economic growth in Bangladesh has been driving the growth of the healthcare industry. The country has been experiencing a steady GDP growth rate of around 6-7% in recent years, which has led to an increase in disposable income and healthcare spending. Moreover, the government has been offering various incentives and subsidies to attract foreign investment in the healthcare sector, which has further fueled the growth of the hospitals market in the country.In conclusion, the hospitals market in Bangladesh has been developing due to the increasing demand for quality healthcare services, the growth of private hospitals, and the rise of medical tourism. The local special circumstances such as the underdeveloped public healthcare system and the shortage of medical professionals have also contributed to the growth of the private hospitals sector. The underlying macroeconomic factors such as the steady GDP growth rate and government incentives have further boosted the growth of the healthcare industry in Bangladesh.

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.