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.
Notes: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war.
Most recent update: Apr 2024
Source: Statista Market Insights
Most recent update: Apr 2024
Source: Statista Market Insights
Costa Rica, known for its beautiful beaches and lush rainforests, has been experiencing a steady growth in its healthcare industry. The Hospitals market in the country has been developing at a significant pace due to various factors.
Customer preferences: Costa Ricans have been showing a growing preference towards private healthcare services. This trend can be attributed to the long waiting times and inadequate facilities in public hospitals. Additionally, the rising income levels and the increasing number of health insurance policies have encouraged people to opt for private hospitals.
Trends in the market: One of the major trends in the Hospitals market in Costa Rica is the increasing demand for specialized healthcare services. The country has been witnessing a rise in medical tourism, especially for cosmetic surgeries and dental procedures. This has led to the emergence of specialized hospitals that cater to the needs of medical tourists.Another trend in the market is the adoption of technology in healthcare. Private hospitals in the country have been investing in advanced medical equipment and technology to offer better services to their patients. This has also led to the development of telemedicine services, which allow patients to consult with doctors remotely.
Local special circumstances: Costa Rica has a well-established public healthcare system, which provides free healthcare services to its citizens. However, the system has been facing challenges such as long waiting times and inadequate facilities. This has led to the growth of the private healthcare sector in the country.Additionally, the country has been attracting a large number of retirees from the US and Canada, who are looking for affordable healthcare services. This has led to the development of retirement communities and specialized hospitals that cater to the needs of this demographic.
Underlying macroeconomic factors: Costa Rica has been experiencing steady economic growth in recent years, which has led to rising income levels and an increase in the number of health insurance policies. This has encouraged people to opt for private healthcare services.Moreover, the country has been investing in its healthcare infrastructure to meet the growing demand for healthcare services. The government has been partnering with private healthcare providers to build new hospitals and upgrade existing ones.In conclusion, the Hospitals market in Costa Rica has been developing at a significant pace due to the increasing demand for specialized healthcare services, the adoption of technology in healthcare, and the preference for private healthcare services. The country's well-established public healthcare system, the growing number of retirees, and the steady economic growth have also contributed to the growth of the market.
Most recent update: Apr 2024
Sources: Statista Market Insights, OECD, WHO, National statistical offices
Most recent update: Apr 2024
Sources: Statista Market Insights, World Bank, WHO
Most recent update: Apr 2024
Source: Statista Market Insights
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Jan 2025
Source: Statista Market Insights