Hospitals

In Honduras, the revenue in the Hospitals market is estimated to reach US$890.40m in 2024.
It is projected to show an annual growth rate (CAGR 2024-2029) of 4.74%, which will lead to a market volume of US$1.12bn by 2029.
When compared globally, United States is expected to generate the highest revenue in the Hospitals market, reaching US$1.50tn in 2024.
In terms of per person revenues, in Honduras, each individual is estimated to generate US$82.76 in 2024.
The hospital market in Honduras is experiencing a surge in demand for specialized healthcare services due to the country's aging population and increasing prevalence of chronic diseases.

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

Honduras, a country in Central America, is known for its beautiful beaches, ancient Mayan ruins, and diverse wildlife. However, the country's healthcare system has been facing challenges in recent years, including in the Hospitals market.

Customer preferences: Honduras' population is growing, and with it, the demand for healthcare services. However, many Hondurans face financial constraints and limited access to medical care. As a result, they often seek out low-cost options, such as public hospitals or clinics. Private hospitals, on the other hand, tend to cater to more affluent patients who can afford to pay for higher-quality care.

Trends in the market: In recent years, the Hospitals market in Honduras has been growing, but at a slower pace compared to other countries in the region. One trend that has emerged is the increasing number of public-private partnerships (PPP) in the healthcare sector. These partnerships aim to improve the quality of healthcare services while also reducing costs. Another trend is the rise of medical tourism, as more patients from the United States and other countries seek out affordable medical treatments in Honduras.

Local special circumstances: Honduras faces several challenges in its healthcare sector, including a shortage of medical personnel and inadequate infrastructure. The country also has a high incidence of chronic diseases, such as diabetes and hypertension, which puts a strain on the healthcare system. In addition, Honduras has a high poverty rate, which limits access to medical care for many of its citizens.

Underlying macroeconomic factors: Honduras' economy has been growing in recent years, but it remains one of the poorest countries in Latin America. The government has been investing in healthcare infrastructure, but more needs to be done to address the challenges facing the sector. In addition, political instability and corruption have hindered the country's development and have had an impact on the healthcare system.

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.