Hospitals

In Chile, the Hospitals market is expected to achieve a revenue of US$17.12bn in 2024.
With an annual growth rate of 3.70% (CAGR 2024-2029), the market volume is projected to reach US$20.53bn by 2029.
It is worth noting that in a global perspective, United States will generate the highest revenue of US$1.50tn in 2024.
In terms of per person revenues, in Chile is expected to generate US$870.70 per person in 2024.
Chile's hospitals are increasingly investing in advanced technology to improve patient care and enhance medical outcomes.

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 Chile has been growing steadily in recent years, with the country's hospitals market being a key contributor to this growth.

Customer preferences: Chilean consumers place a high value on quality healthcare services, and are increasingly seeking out hospitals and medical facilities that offer advanced technologies and specialized treatments. As a result, there has been a growing trend towards private hospitals and clinics, which are viewed as offering higher quality care than public hospitals.

Trends in the market: One of the key trends in the Chilean hospitals market is the increasing use of telemedicine and other digital health technologies. This trend has been driven by a number of factors, including the country's large and dispersed population, as well as a shortage of healthcare professionals in certain areas. As a result, many hospitals and clinics are investing in telemedicine platforms and other digital health tools in order to improve access to care and reduce costs.Another trend in the Chilean hospitals market is the growing demand for specialized treatments and procedures. This trend has been driven by a number of factors, including the country's aging population, as well as an increasing prevalence of chronic diseases such as cancer and diabetes. As a result, many hospitals and clinics are investing in specialized equipment and staff in order to better meet the needs of these patients.

Local special circumstances: One of the unique features of the Chilean hospitals market is the country's public-private healthcare system. While public hospitals are available to all citizens, many Chileans opt for private healthcare services due to perceived higher quality of care. This has led to a significant growth in the private hospitals sector, which now accounts for a significant portion of the overall hospitals market in Chile.

Underlying macroeconomic factors: The growth of the hospitals market in Chile is being driven by a number of underlying macroeconomic factors, including the country's strong economic growth and increasing healthcare spending. Additionally, the government has implemented a number of policies aimed at improving access to healthcare services, such as the creation of a national health insurance system. As a result, the hospitals market in Chile is expected to continue to grow in the coming years, driven by increasing demand for high-quality healthcare services.

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.