Key regions: United States, China, Germany, Japan, Europe
The healthcare industry in Guatemala has been growing steadily in recent years, with the hospitals market being a significant contributor to this growth.
Customer preferences: Customers in Guatemala have shown a growing preference for private hospitals due to the perceived higher quality of care and better facilities. This trend is particularly evident in urban areas where there is a higher concentration of private hospitals. However, public hospitals still remain an important part of the healthcare system in Guatemala, especially in rural areas where private hospitals are scarce.
Trends in the market: One of the key trends in the hospitals market in Guatemala is the increasing demand for specialized medical services. This is driven by a growing middle class with higher disposable incomes and a greater awareness of healthcare issues. As a result, hospitals are investing in new technologies and facilities to meet the demand for specialized medical services such as cardiology, oncology, and neurology.Another trend in the market is the growing popularity of medical tourism. Guatemala is becoming an increasingly popular destination for medical tourists from the United States and Canada due to the lower costs of medical procedures and the availability of high-quality medical facilities.
Local special circumstances: One of the unique challenges facing the hospitals market in Guatemala is the high level of poverty in the country. This has led to a significant portion of the population being unable to afford healthcare services, which has put pressure on public hospitals to provide free or subsidized care. In addition, there is a shortage of healthcare professionals in Guatemala, which has led to a reliance on foreign medical personnel to fill the gap.
Underlying macroeconomic factors: The growth of the hospitals market in Guatemala is closely tied to the overall economic growth of the country. Guatemala has experienced steady economic growth in recent years, which has led to an increase in disposable incomes and a growing middle class. In addition, the government has made significant investments in the healthcare sector, which has helped to spur growth in the hospitals market. However, the healthcare system in Guatemala still faces significant challenges, including a lack of funding, infrastructure, and personnel, which could limit the growth of the hospitals market in the future.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
