Hospitals - Eastern Europe

Eastern Europe

In Eastern Europe, the Hospitals market is predicted to experience a significant increase in revenue, with projections indicating that it will reach US$60.73bn in 2024.
This growth is expected to continue at an annual rate of 2.76% from 2024 to 2029, resulting in a market volume of US$69.57bn by 2029.
When compared to the global market, United States is expected to generate the highest revenue in the Hospitals market, with an estimated value of US$1,501.00bn in 2024.
Taking population figures into consideration, the per person revenue in Eastern Europe is projected to be US$255.30 in 2024.
In Eastern Europe, hospitals are increasingly focusing on implementing digital health solutions to improve patient care and streamline administrative processes.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The healthcare industry in Eastern Europe has been experiencing a steady growth in recent years. The Hospitals market in this region has been expanding due to several factors such as increasing investments, aging population, and rising demand for quality healthcare services.

Customer preferences: Customers in Eastern Europe are becoming more health-conscious and are seeking better healthcare services. Patients are more informed and expect high-quality treatments from hospitals. They are also willing to pay more for better healthcare services. Private healthcare providers are becoming more popular in the region due to their high-quality services and shorter waiting times.

Trends in the market: One of the most significant trends in the Hospitals market in Eastern Europe is the increasing demand for specialized medical services. Patients are seeking more specialized treatments, and hospitals are investing in the latest medical technologies to meet these demands. Another trend is the expansion of private healthcare providers in the region. Private hospitals are becoming more popular due to their high-quality services and shorter waiting times. Additionally, telemedicine is also becoming more prevalent in Eastern Europe, allowing patients to receive medical consultations remotely.

Local special circumstances: Each country in Eastern Europe has its unique healthcare system, which affects the Hospitals market. For example, in Poland, the government has been investing heavily in healthcare infrastructure, which has led to the growth of private healthcare providers. In contrast, in Russia, the government is the primary healthcare provider, and private healthcare providers are less prevalent. In countries like Romania and Bulgaria, the healthcare system is still developing, and there is a significant need for better healthcare services.

Underlying macroeconomic factors: One of the underlying macroeconomic factors driving the growth of the Hospitals market in Eastern Europe is the aging population. As the population ages, the demand for healthcare services increases. Additionally, rising incomes and increasing investments in the healthcare sector are also driving the growth of the Hospitals market in the region. The growth of medical tourism in Eastern Europe is also contributing to the expansion of the Hospitals market. Patients from neighboring countries are seeking medical treatments in Eastern Europe due to the high-quality services and lower costs.Overall, the Hospitals market in Eastern Europe is expected to continue growing in the coming years due to the increasing demand for specialized medical services, the expansion of private healthcare providers, and the rising investments in the healthcare sector. However, each country in the region has its unique healthcare system and challenges, which affect the Hospitals market differently.

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.