Hospitals

The Hospitals market in Benelux is expected to witness significant growth in the coming years.
According to projections, the market's revenue is set to reach US$61.65bn by 2024.
Furthermore, it is anticipated that the market will experience a compound annual growth rate (CAGR) of 3.67% from 2024 to 2029, resulting in a market volume of US$73.83bn by 2029.
When compared to other countries globally, United States is expected to generate the highest revenue in the Hospitals market, with an estimated US$1.50tn in 2024.
This highlights the significant scale of the sector United States.
In terms of per capita revenue, the Hospitals market in Benelux is expected to generate approximately US$2.05k per person in 2024.
This figure demonstrates the financial impact of the industry on the population as a whole.
In the Benelux region, hospitals are increasingly adopting telemedicine technologies to enhance remote patient monitoring and improve access to healthcare services.

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 Benelux has been experiencing growth in recent years, with the hospitals market being a significant contributor.

Customer preferences: Patients in Benelux have a high expectation of quality healthcare, with a preference for modern and advanced medical facilities. They also value personalized care and easy access to medical services.

Trends in the market: One of the notable trends in the hospitals market in Benelux is the increasing focus on technology and innovation. Hospitals are investing in advanced medical equipment and digital systems to improve patient care and operational efficiency. Additionally, there has been a rise in outpatient services, with hospitals offering more services outside of traditional inpatient settings. This trend is driven by the growing demand for convenience and cost-effectiveness in healthcare.

Local special circumstances: The healthcare system in Benelux is characterized by a high level of government involvement, with public healthcare being the dominant provider. However, there is also a significant private healthcare sector, which includes both for-profit and non-profit organizations. The presence of both sectors creates competition, which drives innovation and quality improvement in the hospitals market.

Underlying macroeconomic factors: The strong economy in Benelux has contributed to the growth of the hospitals market. Additionally, the aging population in the region has led to an increase in demand for healthcare services, including hospital care. Furthermore, the COVID-19 pandemic has highlighted the importance of healthcare systems, leading to increased investment in the sector. In conclusion, the hospitals market in Benelux is experiencing growth due to various factors such as technology and innovation, the rise of outpatient services, competition between public and private healthcare providers, the strong economy, the aging population, and the COVID-19 pandemic. These trends are likely to continue, and hospitals in Benelux will need to adapt to meet the evolving needs of patients and remain competitive in the market.

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.