Inpatient Care - ASEAN

  • ASEAN
  • The projected revenue in the Inpatient Care market for ASEAN is expected to reach US$47.59bn in 2024.
  • This market segment is anticipated to show a steady annual growth rate (CAGR 2024-2029) of 5.92%, leading to a market volume of US$63.45bn by 2029.
  • In comparison to other countries worldwide, in the United States is forecasted to generate the highest revenue, amounting to US$731.40bn in 2024.
  • Inpatient care in ASEAN countries is witnessing a shift towards modernization and technological advancements to enhance patient outcomes and improve healthcare delivery.

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

 
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Analyst Opinion

The Inpatient Care market in ASEAN has been experiencing significant growth in recent years, driven by a variety of factors including changing customer preferences, local special circumstances, and underlying macroeconomic factors.

Customer preferences:
One of the key drivers of growth in the Inpatient Care market in ASEAN has been changing customer preferences. Consumers are increasingly seeking high-quality, affordable healthcare services, and are willing to pay a premium for these services. In addition, there is a growing trend towards preventative healthcare, with consumers seeking out healthcare services that can help them maintain good health and prevent illness.

Trends in the market:
Another important factor driving growth in the Inpatient Care market in ASEAN is the increasing demand for specialized healthcare services. As the population ages and chronic diseases become more prevalent, there is a growing need for specialized healthcare services that can provide effective treatment and management of these conditions. This has led to the development of a wide range of specialized healthcare facilities and services, including cancer treatment centers, cardiac care centers, and rehabilitation centers.

Local special circumstances:
The Inpatient Care market in ASEAN is also influenced by a variety of local special circumstances. For example, many countries in the region have relatively underdeveloped healthcare systems, which has created a significant demand for private healthcare services. In addition, there are a number of cultural factors that influence healthcare preferences in the region, such as a preference for traditional medicine and a reluctance to seek out mental health services.

Underlying macroeconomic factors:
Finally, the growth of the Inpatient Care market in ASEAN is also influenced by a range of underlying macroeconomic factors. For example, rising incomes and an expanding middle class have led to increased demand for healthcare services, while rapid urbanization has created a need for healthcare facilities and services in urban areas. In addition, governments in the region are investing heavily in healthcare infrastructure and services, which is driving demand for a wide range of healthcare services.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Hospitals
  • Hospital beds
  • Global Comparison
  • Methodology
  • Key Market Indicators
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