Hospitals

The Hospitals market in Czechia is projected to reach a revenue of US$10.93bn in 2024.
It is expected to show an annual growth rate of 4.07% from 2024 to 2029, resulting in a market volume of US$13.35bn by 2029.
In global comparison, United States is expected to generate the highest revenue of US$1.50tn in 2024.
In terms of per capita figures, the revenue generated per person in Czechia is estimated to be US$1.04k in 2024.
The hospital market in Czechia is experiencing a surge in demand for private healthcare services due to its high quality and availability.

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

With a population of over 10 million, the Czech Republic has a well-established healthcare system with a mix of public and private providers. The Hospitals market in Czechia is constantly evolving to meet the changing needs of the population, and several trends have emerged in recent years.

Customer preferences: Patients in Czechia have become more informed and demanding, with a growing interest in preventative healthcare and a preference for modern medical technologies. They are also increasingly willing to pay for private healthcare services, particularly for elective procedures.

Trends in the market: One of the key trends in the Hospitals market in Czechia is the increasing use of telemedicine, which allows patients to receive medical consultations and treatment remotely. This technology is particularly useful for patients in remote areas or those who have difficulty accessing healthcare services due to mobility issues.Another trend in the market is the growing popularity of outpatient services, which provide medical care without the need for an overnight hospital stay. This trend is being driven by advances in medical technology and a desire to reduce healthcare costs.

Local special circumstances: Czechia has a well-developed network of public hospitals, but there is also a growing private healthcare sector. Private hospitals and clinics are particularly popular for elective procedures such as cosmetic surgery, and many patients are willing to pay extra for the convenience and comfort of private healthcare.

Underlying macroeconomic factors: The Czech economy has been growing steadily in recent years, which has led to an increase in healthcare spending. The government has also introduced several healthcare reforms aimed at improving the quality of care and increasing access to healthcare services. These reforms have helped to boost the Hospitals market in Czechia and are likely to continue to drive growth in the future.

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.