Hospitals - BRICS

BRICS

The Hospitals market in BRICS is projected to reach a revenue of US$0.95tn in 2024.
This represents a significant growth in the market.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.47%, resulting in a market volume of US$1.24tn by 2029.
When compared globally, United States is expected to generate the highest revenue in the Hospitals market, with projected revenue of US$1,501.00bn in 2024.
This showcases the dominance of the US in this market.
In terms of per person revenue, in 2024, an average of US$287.30 is generated per person in the Hospitals market in BRICS.
This indicates the level of spending and utilization of healthcare services in these countries.
In Brazil, hospitals are increasingly adopting digital health technologies to enhance patient care and improve operational efficiency.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The demand for healthcare services has been increasing globally, and BRICS countries are no exception. The Hospitals market in BRICS has been experiencing steady growth due to various factors.

Customer preferences: Customers in BRICS countries are becoming more aware of the importance of healthcare services. They are seeking better quality healthcare services and are willing to pay for them. As a result, private hospitals are becoming more popular in BRICS countries.

Trends in the market: In Brazil, the hospitals market is growing due to the increasing demand for private healthcare services. Private hospitals are preferred due to their better quality services and shorter waiting times. In Russia, the hospitals market is growing due to the increasing number of patients seeking specialized medical care. In India, the hospitals market is growing due to the increasing number of medical tourists. India has become a hub for medical tourism due to its affordable healthcare services and skilled medical professionals. In China, the hospitals market is growing due to the increasing demand for elderly care services. The aging population in China is increasing, and there is a need for specialized healthcare services for the elderly.

Local special circumstances: In Brazil, the government has been investing in the healthcare sector, which has led to the growth of the hospitals market. The government has been encouraging public-private partnerships to improve the quality of healthcare services. In Russia, the government has been investing in the healthcare sector to improve the quality of healthcare services. In India, the government has been promoting medical tourism, which has led to the growth of the hospitals market. The government has also been encouraging the private sector to invest in the healthcare sector. In China, the government has been investing in the healthcare sector to improve the quality of healthcare services. The government has also been encouraging private investment in the healthcare sector.

Underlying macroeconomic factors: The Hospitals market in BRICS is also influenced by macroeconomic factors such as GDP growth, inflation, and population growth. The GDP growth in BRICS countries has been increasing, which has led to an increase in disposable income. This has led to an increase in demand for healthcare services. Inflation in BRICS countries has been relatively low, which has made healthcare services more affordable. Population growth in BRICS countries has also led to an increase in demand for healthcare services. The aging population in BRICS countries has also led to an increase in demand for specialized healthcare services.In conclusion, the Hospitals market in BRICS has been growing due to the increasing demand for healthcare services. Customers in BRICS countries are seeking better quality healthcare services and are willing to pay for them. The growth of the hospitals market in BRICS is also influenced by government investments in the healthcare sector and macroeconomic factors such as GDP growth, inflation, and population growth.

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.