Hospitals

The Hospitals market in Indonesia is expected to reach a projected revenue of US$20.95bn by 2024.
This represents a significant growth compared to the previous years.
The market is also expected to maintain an annual growth rate (CAGR 2024-2029) of 6.81%, resulting in a market volume of US$29.12bn by 2029.
When compared globally, it is worth noting that United States is projected to generate the highest revenue in the Hospitals market, with an estimated revenue of US$1.50tn in 2024.
This highlights the significant market size and potential United States.
In terms of per person revenues, in Indonesia is projected to generate approximately US$74.87 in 2024.
This figure indicates the average revenue generated per person in relation to the total population.
Overall, the Hospitals market in Indonesia is expected to experience steady growth in the coming years, with significant revenue potential and opportunities for expansion.
Indonesia's hospital market is witnessing a growing demand for specialized services, with a focus on expanding healthcare access to remote areas.

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 healthcare industry in Indonesia has been growing steadily over the years, and the hospitals market is no exception.

Customer preferences: Indonesian customers have been increasingly demanding better quality healthcare services, which has led to the growth of the private hospitals market. Patients are willing to pay a premium for better facilities, equipment, and medical professionals. Additionally, the rise of medical tourism in the country has also contributed to the growth of the hospitals market, as foreign patients seek high-quality medical treatments in Indonesia.

Trends in the market: One of the key trends in the hospitals market in Indonesia is the increasing number of private hospitals. These hospitals are equipped with state-of-the-art medical facilities and offer a range of services, from basic medical check-ups to complex surgeries. Another trend is the adoption of digital technology in the healthcare sector, which has led to the development of telemedicine services and online consultations.

Local special circumstances: Indonesia is a vast archipelago with a population of over 270 million people. The country has a diverse healthcare system, with public and private hospitals catering to different segments of the population. While public hospitals are more affordable, they are often overcrowded and understaffed, leading to long waiting times and low-quality care. On the other hand, private hospitals are more expensive but offer better facilities and services.

Underlying macroeconomic factors: Indonesia's healthcare industry is being driven by several macroeconomic factors, including the country's growing middle class, rising disposable incomes, and increasing government spending on healthcare. The government has been investing heavily in the healthcare sector, with a focus on improving access to healthcare services, upgrading medical facilities, and training medical professionals. Additionally, the country's rapidly aging population is also driving demand for healthcare services, particularly in the areas of chronic disease management and elderly care.

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.