Inpatient Care - Burkina Faso

Burkina Faso

The Inpatient Care market in Burkina Faso is projected to witness a significant increase in revenue, with an estimated value of US$169.80m in 2024.
This growth is expected to continue at a steady pace, with an annual growth rate (CAGR 2024-2029) of 6.19%.
By 2029, the market volume is anticipated to reach US$229.30m.
In terms of global comparison, it is worth noting that in the United States is expected to generate the highest revenue in the Inpatient Care market.
In 2024 alone, in the United States is projected to reach a staggering revenue of US$731.40bn.
This highlights the dominance of the United States in the global Inpatient Care market sector.
In Burkina Faso, the trend in the inpatient care market is a growing demand for specialized medical facilities and services.

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

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Analyst Opinion

The Inpatient Care market in Burkina Faso has seen significant growth in recent years.

Customer preferences: Burkina Faso has a growing population and an increasing demand for healthcare services, including inpatient care. Patients in Burkina Faso generally prefer to receive medical treatment in hospitals rather than at home, which has contributed to the growth of the inpatient care market.

Trends in the market: One of the major trends in the inpatient care market in Burkina Faso is the increasing number of private hospitals. Private hospitals offer higher quality care and better facilities than public hospitals, and are therefore becoming more popular among patients who can afford them. Additionally, there has been a trend towards specialization among hospitals, with some hospitals focusing on specific medical fields such as cardiology or oncology.

Local special circumstances: Burkina Faso is a low-income country with a high burden of disease, particularly infectious diseases such as malaria and tuberculosis. This has led to a high demand for inpatient care services, as many patients require hospitalization for treatment. However, the country faces significant challenges in terms of healthcare infrastructure and funding, which has limited the growth of the inpatient care market.

Underlying macroeconomic factors: Burkina Faso has experienced steady economic growth in recent years, which has contributed to the growth of the inpatient care market. However, the country still faces significant challenges in terms of poverty and underdevelopment, which has limited the ability of many patients to access healthcare services. In addition, the country has a shortage of healthcare professionals, particularly in rural areas, which has limited the capacity of the inpatient care market to grow.

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.