Inpatient Care - Eastern Asia

Eastern Asia

The Eastern Asian Inpatient Care market is estimated to witness a significant surge in revenue, with projections indicating a staggering amount of US$595.90bn by the year 2024.
Furthermore, it is expected that this market will experience a steady annual growth rate of 4.43%, leading to a substantial market volume of US$740.00bn by 2029.
When compared to other countries across the globe, it is worth noting that United States is anticipated to generate the highest revenue, reaching an impressive US$731.40bn in 2024.
Inpatient care in Eastern Asia is rapidly adopting advanced digital technologies to improve patient outcomes and streamline healthcare delivery.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The demand for inpatient care in Eastern Asia has been on the rise in recent years due to various factors.

Customer preferences: One of the main factors driving the growth of the inpatient care market in Eastern Asia is the aging population. With an increase in life expectancy, there has been a rise in the number of people suffering from chronic diseases that require long-term care. Additionally, customers in Eastern Asia tend to prefer inpatient care over outpatient care due to the perception that inpatient care provides better quality care and access to advanced medical equipment.

Trends in the market: Several trends have emerged in the inpatient care market in Eastern Asia. One of the most notable trends is the rise of medical tourism. Patients from neighboring countries such as China and Japan are increasingly traveling to countries like South Korea and Singapore for medical treatment. This trend has been driven by the high quality of medical care and relatively affordable prices offered by these countries. Another trend is the increasing adoption of technology in healthcare. Hospitals in Eastern Asia are investing heavily in digital health technologies such as telemedicine and electronic health records to improve patient outcomes and reduce costs.

Local special circumstances: Each country in Eastern Asia has its own unique set of circumstances that affect the inpatient care market. For example, in China, the government has been investing heavily in healthcare infrastructure, leading to the construction of many new hospitals. In South Korea, the rise of medical tourism has led to the development of specialized hospitals that cater to international patients. In Japan, the government has been promoting the use of home healthcare services to reduce the burden on hospitals.

Underlying macroeconomic factors: Several macroeconomic factors are driving the growth of the inpatient care market in Eastern Asia. One of the most significant factors is the growing middle class in the region. As incomes rise, more people are able to afford healthcare services, leading to an increase in demand for inpatient care. Additionally, the region's strong economic growth has led to increased investment in healthcare infrastructure and technology, further driving the growth of the inpatient care market.

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.