Inpatient Care - Bhutan

Bhutan

The projected revenue in the Inpatient Care market of Bhutan is expected to reach US$28.20m in 2024.
This market is expected to show an annual growth rate (CAGR 2024-2029) of 5.25%, leading to a market volume of US$36.43m by 2029.
In global comparison, United States is anticipated to generate the highest revenue, reaching US$731.40bn in 2024.
Bhutan's inpatient care market is witnessing a rise in demand for traditional healing methods alongside modern medical practices.

Key regions: United States, Germany, Brazil, United Kingdom, Japan

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Analyst Opinion

The Inpatient Care market in Bhutan has seen significant development in recent years.

Customer preferences: Bhutanese customers have increasingly sought out high-quality healthcare services, including inpatient care. This is particularly true for those living in rural areas who have limited access to healthcare facilities. Patients in Bhutan also prefer traditional medicine alongside modern healthcare practices.

Trends in the market: The Inpatient Care market in Bhutan has been growing steadily due to the increasing demand for healthcare services. The government has been investing in healthcare infrastructure, including building new hospitals and upgrading existing ones. This has resulted in more hospital beds and better-equipped facilities, which has led to an increase in the number of patients seeking inpatient care.

Local special circumstances: Bhutan is a small country with a limited number of healthcare facilities. The majority of the population lives in rural areas, which makes it difficult for them to access healthcare services. The government has been working to address this by building new hospitals and healthcare facilities in rural areas. Additionally, Bhutan has a unique culture that values traditional medicine alongside modern healthcare practices. This has led to the development of traditional medicine hospitals and clinics in the country.

Underlying macroeconomic factors: Bhutan is a developing country with a growing economy. The government has been investing in healthcare infrastructure as part of its efforts to improve the overall health of the population. Additionally, Bhutan has a young population, which has resulted in an increasing demand for healthcare services. The government has also been working to improve the quality of healthcare services in the country, which has led to an increase in the number of patients seeking inpatient care.

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.