Hospitals - EAEU

EAEU

The Hospitals market in the EAEU is projected to reach a revenue of US$45.24bn in 2024.
It is expected to show an annual growth rate of 2.53% (CAGR 2024-2029), resulting in a market volume of US$51.25bn by 2029.
When compared globally, United States is expected to generate the highest revenue in the Hospitals market, reaching US$1,501.00bn in 2024.
In terms of per person revenues, in 2024, US$247.40 is generated per person in the EAEU.
The EAEU countries are seeing a growing trend of hospitals investing in advanced medical technologies to improve patient care and outcomes.

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

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Analyst Opinion

The Hospitals market in EAEU has been showing signs of steady growth in recent years.

Customer preferences: Patients in the EAEU region have been increasingly seeking high-quality medical care that is easily accessible and affordable. This has led to a rise in demand for hospitals that offer state-of-the-art equipment and facilities, as well as a focus on patient-centered care. Additionally, patients are becoming more aware of the importance of preventative care and are seeking hospitals that offer comprehensive health check-ups and screening programs.

Trends in the market: One of the major trends in the Hospitals market in EAEU is the increasing adoption of digital health technologies. Hospitals are investing in electronic health records (EHRs) and telemedicine platforms to improve patient care and streamline operations. Another trend is the rise of medical tourism, with patients from neighboring countries traveling to EAEU for medical treatment. This has led to an increase in international accreditation for hospitals in the region.

Local special circumstances: Each country in the EAEU region has its own unique healthcare system and challenges. For example, in Russia, there is a shortage of medical personnel, which has led to an emphasis on training and retaining healthcare professionals. In Kazakhstan, there is a focus on developing specialized medical centers and improving healthcare infrastructure in rural areas. In Armenia, there is a push for more public-private partnerships in healthcare.

Underlying macroeconomic factors: The growth of the Hospitals market in EAEU is supported by several macroeconomic factors. One of the main drivers is the increasing government investment in healthcare, with countries such as Russia and Kazakhstan allocating a significant portion of their budgets to healthcare. Additionally, the aging population in the region is driving demand for healthcare services. Finally, the ongoing COVID-19 pandemic has highlighted the importance of healthcare infrastructure and preparedness, leading to increased investment in the sector.

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.