Inpatient Care - Burundi

Burundi

Burundi is expected to experience a significant increase in revenue within the Inpatient Care market.
By 2024, the projected revenue is set to reach US$22.84m.
This growth is anticipated to continue with a compound annual growth rate (CAGR) of 8.85% between 2024 and 2029, resulting in a market volume of US$34.90m by the latter year.
When compared globally, it is worth noting that United States is anticipated to generate the highest revenue within the Inpatient Care market, reaching a staggering US$731.40bn in 2024.
In Burundi, the inpatient care market is experiencing a surge in demand due to the country's growing population and increased investment in healthcare infrastructure.

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

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Analyst Opinion

The Inpatient Care market in Burundi has been developing steadily in recent years, driven by a number of factors unique to the country.

Customer preferences: Burundi has a growing population with an increasing demand for quality healthcare services. The majority of the population relies on public healthcare facilities, which are often overcrowded and under-resourced. As a result, there has been a significant increase in demand for private healthcare services, including inpatient care. Patients are looking for quality care that is affordable and accessible.

Trends in the market: The Inpatient Care market in Burundi has been growing due to the increasing demand for quality healthcare services. Private healthcare facilities are expanding their services to meet the growing demand. The market is becoming more competitive, with new players entering the market and existing players expanding their services. There has also been an increase in medical tourism, with patients from neighboring countries seeking treatment in Burundi.

Local special circumstances: Burundi is a low-income country with limited resources for healthcare. The government has been investing in the healthcare sector, but the public healthcare facilities are still struggling to meet the demand for quality care. Private healthcare facilities are filling the gap, but they are often expensive and not accessible to everyone. The lack of health insurance coverage also limits access to healthcare services.

Underlying macroeconomic factors: Burundi's economy is heavily reliant on agriculture, which is vulnerable to external shocks such as climate change and fluctuations in commodity prices. The country has a high poverty rate, with many people living below the poverty line. The government has been implementing economic reforms to improve the business environment and attract foreign investment. However, the political instability and security concerns in the country have deterred foreign investment in the healthcare sector.

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.