Hospitals

The projected revenue in the Hospitals market in GCC is expected to reach US$37.80bn in 2024.
It is anticipated to demonstrate a compound annual growth rate (CAGR 2024-2029) of 4.13%, leading to a market volume of US$46.27bn by 2029.
When compared globally, United States is projected to generate the highest revenue in the Hospitals market, amounting to US$1.50tn in 2024.
In terms of per capita, in 2024, each individual in GCC can expect to generate revenues of US$626.10.
The hospital market in the GCC is witnessing a surge in demand for high-quality healthcare services driven by the region's growing population and increasing focus on healthcare infrastructure development.

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 GCC is a rapidly developing industry that is gaining momentum due to various factors.

Customer preferences: Customers in the GCC region are increasingly becoming health-conscious and are prioritizing their healthcare needs. This has led to an increase in demand for quality healthcare services, including hospital services. Additionally, medical tourism has also been on the rise in the region, with patients from neighboring countries seeking medical treatment in GCC hospitals.

Trends in the market: One of the trends in the Hospitals market in GCC is the increasing focus on specialized and advanced medical services. Hospitals are investing in state-of-the-art medical equipment and technology to provide patients with the latest treatments and procedures. Additionally, there has been a rise in the number of private hospitals in the region, which are catering to the growing demand for quality healthcare services.

Local special circumstances: The GCC region has a unique set of circumstances that are contributing to the growth of the Hospitals market. For one, the region has a high prevalence of lifestyle diseases such as diabetes and obesity, which require ongoing medical attention. Additionally, the region has a high population growth rate, which is driving demand for healthcare services.

Underlying macroeconomic factors: The GCC region has a strong economy, with high levels of disposable income and government spending on healthcare. This has led to increased investment in the healthcare sector, including hospitals. Additionally, the region has a young and growing population, which is expected to continue driving demand for healthcare services in the coming years.

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.