Hospitals - Cambodia

Cambodia

The Hospitals market in Cambodia is projected to reach a revenue of US$729.80m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.04%, resulting in a market volume of US$933.10m by 2029.
In global comparison, in the United States is the highest revenue generator with US$1,501.00bn in 2024.
In relation to the total population figures, per person revenues of US$42.62 are generated in Cambodia in 2024.
Cambodia's hospital market is experiencing a surge in demand for advanced medical technology and specialized healthcare services.

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

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Analyst Opinion

Cambodia, a Southeast Asian country, is known for its rich culture, temples, and beautiful beaches. However, the country is also experiencing a significant increase in the demand for healthcare services. This has led to the development of the Hospitals market in Cambodia.

Customer preferences: Cambodia's population has been growing at a steady rate, and with it, the demand for healthcare services has also increased. The country's healthcare system is still developing, and the majority of the population prefers to seek medical treatment in private hospitals. The main reason for this is the perception that private hospitals provide better quality healthcare services than public hospitals.

Trends in the market: The Hospitals market in Cambodia has been growing at a steady pace due to the increasing demand for healthcare services. The market is highly competitive, with a large number of private hospitals operating in the country. These hospitals offer a wide range of services, including general healthcare, specialized treatments, and medical tourism.One of the significant trends in the market is the increasing demand for medical tourism. Cambodia has become a popular destination for medical tourists due to its affordable healthcare services and proximity to other Southeast Asian countries. Private hospitals in Cambodia are offering specialized treatments such as cosmetic surgery, dental procedures, and fertility treatments to attract medical tourists.

Local special circumstances: Cambodia's healthcare system is still developing, and the government is working towards improving the quality of healthcare services in the country. The government has introduced several policies and initiatives to promote the growth of the healthcare sector, including tax exemptions for private hospitals and investments in healthcare infrastructure.However, the country still faces several challenges, including a shortage of healthcare professionals and limited access to healthcare services in rural areas. Private hospitals are trying to address these challenges by investing in healthcare infrastructure and offering training programs to healthcare professionals.

Underlying macroeconomic factors: Cambodia's economy has been growing at a steady pace, and the country is experiencing a demographic shift with a young and growing population. This has led to an increase in the demand for healthcare services in the country. The government's focus on developing the healthcare sector and promoting medical tourism has also contributed to the growth of the Hospitals market in Cambodia.In conclusion, the Hospitals market in Cambodia is developing at a steady pace due to the increasing demand for healthcare services. Private hospitals are offering a wide range of services, including specialized treatments, to attract customers. The government's focus on developing the healthcare sector and promoting medical tourism has also contributed to the growth of the market. However, the country still faces several challenges, including a shortage of healthcare professionals and limited access to healthcare services in rural areas.

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.