Hospitals - G20

The Hospitals market in the G20 countries is set to witness a significant revenue growth in the coming years.
According to projections, the market is expected to reach a staggering US$3.87tn by 2024.
This growth is projected to continue at an annual rate of 4.18% from 2024 to 2029, resulting in a market volume of US$4.75tn by the end of 2029.
When compared globally, it is noteworthy that in the United States is expected to generate the highest revenue in the Hospitals market, with an estimated revenue of US$1,501.00bn in 2024.
This highlights in the United States' dominance in this market segment within the G20 countries.
In terms of per capita revenue, the Hospitals market is expected to generate approximately US$778.80 per person in 2024.
This figure provides insight into the economic impact and significance of the Hospitals market on a per person basis within the G20 countries.
In the United States, the trend in hospitals is an increasing focus on telemedicine to provide remote patient care.

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

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Analyst Opinion

The Hospitals market in G20 countries has been experiencing significant growth due to various underlying macroeconomic factors and changing customer preferences.

Customer preferences: Customers in G20 countries are increasingly demanding high-quality healthcare services. Patients are looking for hospitals that provide personalized care, advanced medical technology, and specialized treatments. In addition, there is a growing trend towards outpatient care and home healthcare services, as patients prefer to receive medical treatment in the comfort of their own homes.

Trends in the market: In the United States, the Hospitals market is undergoing consolidation as smaller hospitals are merging with larger healthcare systems to improve their bargaining power with insurance companies. In China, the government is investing heavily in healthcare infrastructure to meet the growing demand for healthcare services. The Indian Hospitals market is experiencing significant growth due to the increasing prevalence of chronic diseases and the rising middle class. In Brazil, private hospitals are expanding to meet the demand for high-quality healthcare services.

Local special circumstances: In Japan, the aging population is driving demand for healthcare services, particularly in the areas of geriatrics and long-term care. In Germany, there is a shortage of medical professionals, which is leading to longer wait times and increased demand for healthcare services. In Saudi Arabia, the government is investing heavily in healthcare infrastructure to meet the growing demand for healthcare services.

Underlying macroeconomic factors: The Hospitals market in G20 countries is being driven by several macroeconomic factors, including population growth, aging populations, rising incomes, and increasing prevalence of chronic diseases. In addition, the increasing focus on healthcare quality and patient outcomes is driving demand for advanced medical technology and specialized treatments. Finally, government investments in healthcare infrastructure and insurance reforms are also contributing to the growth of the Hospitals market in G20 countries.Overall, the Hospitals market in G20 countries is experiencing significant growth due to changing customer preferences and underlying macroeconomic factors. As demand for healthcare services continues to increase, hospitals will need to adapt to these changing trends in order to remain competitive 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.