Inpatient Care - Angola

Angola

in Angola, a country Africa, is expected to witness significant growth in the Inpatient Care market.
According to projections, the revenue in this market is forecasted to reach US$584.70m in 2024.
Furthermore, it is anticipated that the market will experience a steady annual growth rate (CAGR 2024-2029) of 3.74%.
As a result, the market volume is projected to reach US$702.40m by 2029.
When compared to other countries globally, in the United States is anticipated to generate the highest revenue in the Inpatient Care market, amounting to US$731.40bn in 2024.
This highlights the dominant position of the United States in this market segment.
In Angola, the inpatient care market is experiencing a surge in demand due to the country's growing population and increasing healthcare expenditure.

Key regions: India, Canada, Japan, United Kingdom, Germany

Market

Region

Region comparison

Currency

Analyst Opinion

Angola, a country in Southern Africa, is experiencing significant growth in its healthcare industry. The Inpatient Care market in Angola is also expanding due to several factors.

Customer preferences: Angolan citizens are becoming more aware of the importance of healthcare and are seeking better medical facilities. The demand for Inpatient Care services is increasing as people prefer to receive medical treatment in hospitals. Patients prefer hospitals that offer modern medical equipment, qualified medical staff, and quality healthcare services.

Trends in the market: The Inpatient Care market in Angola is growing due to the increasing number of hospitals and healthcare facilities. The government has invested in the healthcare industry, resulting in the establishment of new hospitals. Private investors are also investing in the healthcare industry, leading to the construction of new hospitals. The market is also growing due to the increasing number of patients seeking medical treatment in hospitals.

Local special circumstances: Angola has a low life expectancy rate, and the healthcare system is still developing. The country has a high burden of infectious diseases, such as malaria and tuberculosis. The government is working to improve the healthcare system and has invested in the construction of new hospitals. However, the healthcare system still faces challenges such as a shortage of medical staff and inadequate medical equipment.

Underlying macroeconomic factors: Angola's economy is heavily dependent on oil exports, and the recent decline in oil prices has affected the country's economy. The government is working to diversify the economy, and the healthcare industry is one of the sectors being developed. The government has increased its investment in the healthcare industry, leading to the construction of new hospitals and the expansion of existing ones.In conclusion, the Inpatient Care market in Angola is growing due to the increasing demand for healthcare services, the establishment of new hospitals, and the government's investment in the healthcare industry. However, the healthcare system still faces challenges, and more needs to be done to improve the quality of healthcare services in the country.

Methodology

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 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.