Hospitals - Europe

Europe

In 2024, the Hospitals market in Europe is projected to reach a revenue of US$0.96tn.
It is expected to exhibit an annual growth rate of 3.68% (CAGR 2024-2029), resulting in a market volume of US$1.15tn by 2029.
When compared globally, United States is anticipated to generate the highest revenue in the Hospitals market, amounting to US$1,501.00bn in 2024.
In terms of per person revenues, in 2024, in Europe is expected to generate US$1.14k per capita.
In Germany, hospitals are increasingly focusing on integrating digital health technologies to enhance patient care and streamline administrative processes.

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

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Analyst Opinion

The healthcare industry in Europe is one of the largest in the world. Hospitals are an essential part of this industry, providing medical care to patients with various illnesses and injuries. The hospitals market in Europe is constantly evolving and adapting to changes in the healthcare industry.

Customer preferences: Patients in Europe have become more demanding and expect high-quality care from hospitals. They want access to the latest medical technology, personalized treatment plans, and shorter waiting times. Patients are also looking for hospitals that offer a wide range of medical services and specialties.

Trends in the market: One of the major trends in the hospitals market in Europe is the increasing use of telemedicine and digital health solutions. Hospitals are investing in technology to improve patient outcomes and reduce healthcare costs. Telemedicine allows patients to receive medical care remotely, which is especially important in rural areas where access to healthcare is limited. Another trend in the market is the growing popularity of private hospitals. Patients are willing to pay more for private hospitals because they offer shorter waiting times, personalized care, and a more comfortable environment.

Local special circumstances: In countries like Germany, there is a shortage of doctors and nurses, which has led to longer waiting times and increased demand for healthcare services. This has resulted in a rise in the number of private hospitals and clinics. In the UK, the National Health Service (NHS) is the primary provider of healthcare services, but there has been a growing trend towards outsourcing healthcare services to private hospitals. In France, there is a strong tradition of public healthcare, and the government heavily regulates the healthcare industry.

Underlying macroeconomic factors: The aging population in Europe is one of the key drivers of growth in the hospitals market. As people age, they are more likely to require medical care, which increases demand for hospital services. Another factor is the increasing prevalence of chronic diseases such as diabetes and cardiovascular disease. This has led to a rise in the number of hospital admissions and an increase in demand for specialized medical services. Additionally, the healthcare industry in Europe is heavily regulated, which affects the supply and demand of hospital services. In conclusion, the hospitals market in Europe is evolving to meet the changing needs of patients and the healthcare industry. The use of technology and the growing popularity of private hospitals are some of the major trends in the market. Local special circumstances such as shortages of healthcare professionals and government regulation also play a role in shaping the hospitals market in different countries. The aging population and the increasing prevalence of chronic diseases are underlying macroeconomic factors that are driving growth in the market.

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.