Inpatient Care - Chad

Chad

The Inpatient Care market in Chad is expected to witness a significant increase in revenue, reaching US$89.51m in 2024.
This projection indicates a positive trend in the market's growth.
Furthermore, it is anticipated that the market will continue to expand at an annual growth rate of 2.85%, resulting in a market volume of US$103.00m by 2029.
When compared globally, it is worth noting that in the United States is expected to generate the highest revenue in the Inpatient Care market, with a staggering US$731.40bn in 2024.
This highlights the dominant position of the United States in this particular market segment.
In Chad, the inpatient care market is facing challenges due to limited healthcare infrastructure and a lack of skilled medical professionals.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Inpatient Care market in Chad has experienced significant changes in recent years.

Customer preferences: Chadian customers have shown an increasing demand for quality healthcare services. As the country continues to develop, the population is becoming more aware of the importance of healthcare and is willing to invest in it. Patients are looking for hospitals that offer a wide range of services and have well-trained staff.

Trends in the market: One of the main trends in the Inpatient Care market in Chad is the growth of private hospitals. Private hospitals have been expanding rapidly in recent years, driven by the increasing demand for quality healthcare services. These hospitals offer a wide range of services, including specialized treatments and surgeries, and have well-trained staff. The growth of private hospitals has also led to an increase in medical tourism, with patients from neighboring countries coming to Chad for treatment.Another trend in the market is the increasing use of technology. Hospitals in Chad are investing in new medical technologies to improve the quality of care they provide. This includes the use of electronic medical records, telemedicine, and remote patient monitoring. These technologies are helping hospitals to provide better care to their patients and are also making healthcare more accessible to people in remote areas.

Local special circumstances: Chad is a landlocked country in Central Africa with a population of around 16 million people. The country faces numerous challenges, including a high poverty rate and a lack of infrastructure. The healthcare system in Chad is underdeveloped, with only a few hospitals and clinics available to the population. This has led to a high demand for healthcare services and a shortage of medical professionals.

Underlying macroeconomic factors: Chad is one of the poorest countries in the world, with a GDP per capita of around $700. The country is heavily dependent on oil exports, which account for around 70% of government revenue. The recent decline in oil prices has had a significant impact on the economy, leading to a reduction in government spending and a slowdown in economic growth. Despite these challenges, the healthcare sector in Chad has shown resilience and is continuing to grow, driven by the increasing demand for quality 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.