Hospitals

In Haiti, the Hospitals market is expected to see a significant increase in revenue, reaching a projected value of US$509.60m in 2024.
It is anticipated that this growth will continue at an annual rate of 3.86% from 2024 to 2029, resulting in a market volume of US$616.00m by the end of the forecast period.
When comparing the global market, United States is expected to generate the highest revenue in the Hospitals market, with an estimated value of US$1.50tn in 2024.
This showcases the dominance of the United States in this industry.
In terms of per capita revenue, in 2024, each person in Haiti is projected to contribute US$42.94 to the Hospitals market.
This figure provides insight into the economic impact of the healthcare sector on the population of Haiti.
Haiti's hospital market is struggling to meet the increasing demand for quality healthcare services due to limited resources and infrastructure.

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

Haiti, a country located in the Caribbean, has been experiencing a steady growth in its Hospitals market in recent years.

Customer preferences: Haiti's population is highly dependent on public healthcare services, due to a lack of access to private healthcare facilities. However, there has been a growing demand for private healthcare services in recent years, particularly among the middle and upper classes. This is largely due to the perceived better quality of care and shorter waiting times in private hospitals.

Trends in the market: The Hospitals market in Haiti has been growing steadily in recent years, with an increasing number of private hospitals being established across the country. This trend is largely driven by the growing demand for private healthcare services among the middle and upper classes, as well as the government's efforts to encourage private sector participation in the healthcare sector.

Local special circumstances: Haiti's healthcare system faces significant challenges, including a lack of funding, inadequate infrastructure, and a shortage of medical professionals. These challenges have resulted in a high burden of disease and mortality rates in the country. However, the government has been making efforts to address these challenges, including increasing healthcare spending and investing in healthcare infrastructure.

Underlying macroeconomic factors: Haiti's economy is heavily dependent on agriculture and remittances from abroad. The country has been facing significant economic challenges in recent years, including high inflation, political instability, and natural disasters. These challenges have had a significant impact on the healthcare sector, with limited funding and resources available for healthcare services. However, the government has been working to address these challenges, including through partnerships with international organizations and increased investment in healthcare infrastructure.

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.