Hospitals

The Hospitals market in Fiji is projected to reach a revenue of US$84.81m in 2024.
It is expected to experience an annual growth rate (CAGR 2024-2029) of 4.92%, leading to a market volume of US$107.80m by 2029.
When compared globally, United States is set to generate the highest revenue of US$1.50tn in 2024.
In terms of per person revenues, in Fiji is expected to generate US$89.93 in 2024.
Fiji's hospitals are increasingly incorporating traditional Fijian healing practices alongside modern medicine to provide culturally sensitive healthcare.

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 Fiji has seen significant development in recent years.

Customer preferences: Fijians have become more health-conscious and are seeking better healthcare services. As a result, they are willing to spend more on healthcare services. The demand for private hospitals has increased as Fijians are looking for better facilities and services.

Trends in the market: The Hospitals market in Fiji has been growing steadily. The government has been investing in the healthcare sector, which has led to the development of new hospitals and the expansion of existing ones. Private hospitals have also been expanding their facilities and services to meet the growing demand. Medical tourism has also been on the rise, with more people coming to Fiji for medical treatment.

Local special circumstances: Fiji is a small island nation with a limited number of hospitals. The government has been investing in the healthcare sector to improve the quality of healthcare services and to meet the growing demand. Private hospitals have also been expanding their facilities and services to meet the growing demand.

Underlying macroeconomic factors: The Fijian economy has been growing steadily, which has led to an increase in disposable income. This has led to an increase in the demand for healthcare services. The government has been investing in the healthcare sector, which has led to the development of new hospitals and the expansion of existing ones. The rise in medical tourism has also contributed to the growth of the Hospitals market in Fiji.

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.