Hospitals - Equatorial Guinea

Equatorial Guinea

The Hospitals market in Equatorial Guinea is expected to achieve a revenue of US$134.20m in 2024.
Furthermore, it is projected to experience a steady annual growth rate (CAGR 2024-2029) of 1.42%, ultimately reaching a market volume of US$144.00m by 2029.
When compared globally, in the United States is anticipated to generate the highest revenue, amounting to US$1,501.00bn in 2024.
In terms of per capita figures, in 2024, each individual in Equatorial Guinea is expected to generate revenues of US$76.47.
Equatorial Guinea's hospital market is experiencing a surge in demand for specialized medical services due to the country's growing population and increasing healthcare needs.

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

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Analyst Opinion

Equatorial Guinea, a Central African country, is experiencing a steady growth in the Hospitals market.

Customer preferences: The country's population is increasingly demanding access to better healthcare services. The government has been investing in the healthcare sector, and this has led to an increase in the number of hospitals and healthcare facilities in the country. Patients are now able to access better healthcare services within the country, rather than having to travel abroad for medical treatment.

Trends in the market: The Hospitals market in Equatorial Guinea is growing at a steady pace. The government has been investing heavily in the healthcare sector, and this has led to an increase in the number of hospitals and healthcare facilities in the country. There has also been an increase in the number of private hospitals and clinics, as the demand for better healthcare services continues to grow.

Local special circumstances: Equatorial Guinea is a small country with a relatively small population. The country's healthcare sector has traditionally been underdeveloped, with limited access to healthcare services. However, the government's recent investments in the healthcare sector are beginning to change this. The country's oil wealth has also played a role in the development of the healthcare sector, as it has provided the government with the necessary funds to invest in the sector.

Underlying macroeconomic factors: Equatorial Guinea's economy is heavily dependent on its oil and gas industry. The government has been using the revenue generated from the industry to invest in various sectors, including healthcare. However, the country's economy has been hit hard by the recent decline in oil prices, and this has led to a reduction in government spending. Despite this, the healthcare sector has remained a priority for the government, and investments in the sector have continued.

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.