Inpatient Care - BRICS

BRICS

In 2024, the projected revenue in the Inpatient Care market for BRICS countries is estimated to reach US$496.90bn.
It is expected that there will be an annual growth rate (CAGR 2024-2029) of 4.61%, which will lead to a market volume of US$622.40bn by 2029.
When comparing revenue on a global scale, it is anticipated that United States will generate the highest amount, with US$731.40bn in 2024.
This highlights the dominance of the United States in the Inpatient Care market.
In Brazil, the inpatient care market is experiencing a surge in demand due to the aging population and increased prevalence of chronic diseases.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The demand for inpatient care is increasing in BRICS countries due to various underlying factors.

Customer preferences: Patients in BRICS countries prefer inpatient care due to the availability of advanced medical technologies and equipment, as well as the presence of highly qualified medical professionals. In addition, the preference for inpatient care is driven by the need for personalized care and attention during the recovery process.

Trends in the market: In Brazil, private healthcare providers are expanding their inpatient care offerings to meet the growing demand for specialized medical services. The country is also witnessing an increase in medical tourism, with patients from other countries seeking inpatient care in Brazil due to the availability of advanced medical treatments.In Russia, the inpatient care market is growing due to the increasing prevalence of chronic diseases and the aging population. The government is investing in the development of healthcare infrastructure and the training of medical professionals to meet the growing demand for inpatient care services.In India, the inpatient care market is witnessing a shift towards home healthcare services due to the COVID-19 pandemic. However, the demand for inpatient care services is expected to rebound in the post-pandemic period due to the growing burden of non-communicable diseases and the increasing availability of health insurance.In China, the inpatient care market is growing due to the increasing demand for specialized medical services and the expansion of private healthcare providers. The government is also investing in the development of healthcare infrastructure and the training of medical professionals to meet the growing demand for inpatient care services.In South Africa, the inpatient care market is growing due to the increasing burden of non-communicable diseases and the aging population. The government is investing in the development of healthcare infrastructure and the training of medical professionals to meet the growing demand for inpatient care services.

Local special circumstances: In Brazil, the inpatient care market is characterized by a high level of fragmentation, with a large number of small and medium-sized healthcare providers operating in the market. This has led to intense competition among healthcare providers and a focus on cost optimization.In Russia, the inpatient care market is dominated by the public healthcare system, with private healthcare providers accounting for a small share of the market. The government is implementing healthcare reforms to increase the role of private healthcare providers in the market.In India, the inpatient care market is characterized by a high level of price sensitivity among consumers. Healthcare providers are adopting innovative pricing strategies to remain competitive in the market.In China, the inpatient care market is dominated by public healthcare providers, with private healthcare providers accounting for a small share of the market. The government is implementing healthcare reforms to increase the role of private healthcare providers in the market.In South Africa, the inpatient care market is characterized by a high level of inequality, with a large proportion of the population lacking access to quality healthcare services. The government is implementing healthcare reforms to increase the accessibility and affordability of healthcare services.

Underlying macroeconomic factors: The inpatient care market in BRICS countries is driven by various macroeconomic factors, including rising disposable incomes, increasing healthcare expenditure, and the growing burden of non-communicable diseases. In addition, the aging population and the increasing prevalence of chronic diseases are contributing to the growth of the inpatient care market in these countries. The COVID-19 pandemic has also accelerated the adoption of digital technologies in the healthcare sector, leading to the growth of telemedicine and home 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.