Hospitals

The Hospitals market in Eastern Africa is forecasted to generate a revenue of US$8.71bn in 2024.
This revenue is projected to experience an annual growth rate of 5.56% from 2024 to 2029, resulting in a market volume of US$11.42bn by 2029.
In a global context, United States is expected to generate the highest revenue in the Hospitals market, reaching US$1.50tn in 2024.
When considering the population, the per person revenue in Eastern Africa is estimated to be US$18.99 in 2024.
In Eastern Africa, the hospital market is experiencing a surge in the adoption of telemedicine technologies to improve access to healthcare services in remote areas.

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 Hospitals market in Eastern Africa has experienced significant growth in recent years, driven by a variety of factors.

Customer preferences: One of the key customer preferences in the Hospitals market in Eastern Africa is for high-quality healthcare services that are affordable and accessible. Patients in this region are often seeking treatment for a wide range of health conditions, from infectious diseases to chronic illnesses. As a result, they require access to a broad range of medical services, including diagnostic tests, surgical procedures, and specialized treatments.

Trends in the market: One of the most significant trends in the Hospitals market in Eastern Africa is the increasing focus on technology and innovation. Many hospitals in this region are investing in new medical technologies and equipment, such as telemedicine and digital health platforms, to improve patient care and outcomes. Another trend is the growing demand for specialized medical services, such as cancer treatment and reproductive health services.

Local special circumstances: One of the unique local circumstances in the Hospitals market in Eastern Africa is the high prevalence of infectious diseases such as malaria, tuberculosis, and HIV/AIDS. This has led to a significant demand for diagnostic testing and treatment services, particularly in rural areas where access to healthcare is limited. Additionally, many hospitals in this region are facing challenges related to infrastructure and staffing, which can impact the quality of care provided to patients.

Underlying macroeconomic factors: Several underlying macroeconomic factors are driving the development of the Hospitals market in Eastern Africa. One of the most significant is the region's growing population, which is increasing demand for healthcare services. Additionally, rising incomes and improved healthcare financing systems are making it easier for patients to access medical care. Finally, government policies aimed at improving healthcare infrastructure and expanding access to medical services are also contributing to the growth of the Hospitals market in Eastern Africa.

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.