Inpatient Care - Fiji

Fiji

The projected revenue in the Inpatient Care market in Fiji is expected to reach US$48.33m in 2024.
It is estimated to show an annual growth rate (CAGR 2024-2029) of 4.91%, leading to a market volume of US$61.42m by 2029.
In global comparison, in the United States is anticipated to generate the highest revenue, amounting to US$731.40bn in 2024.
Fiji's inpatient care market is witnessing a surge in demand for traditional Fijian healing practices alongside modern medical treatments.

Key regions: India, Canada, Japan, United Kingdom, Germany

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Analyst Opinion

The Inpatient Care market in Fiji has been experiencing significant growth in recent years.

Customer preferences: Fijians have shown a preference for private healthcare services over public ones due to the perceived higher quality of care and shorter waiting times. This has led to an increase in demand for private inpatient care facilities.

Trends in the market: One trend in the market is the rise of medical tourism in Fiji. The country's tropical climate and natural beauty have made it an attractive destination for patients seeking medical treatment combined with a holiday. This has led to an increase in demand for high-end inpatient care facilities that cater to medical tourists.Another trend is the growing popularity of traditional Fijian medicine. Many Fijians prefer to use traditional medicine alongside Western medicine, leading to an increase in demand for inpatient care facilities that offer both types of treatment.

Local special circumstances: Fiji has a largely rural population, with many remote communities lacking access to healthcare facilities. This has led to an increase in demand for mobile inpatient care services that can reach these communities.

Underlying macroeconomic factors: Fiji's economy has been growing steadily in recent years, leading to an increase in disposable income and healthcare spending. This has contributed to the growth of the inpatient care market in Fiji.In conclusion, the Inpatient Care market in Fiji is experiencing growth due to a combination of factors, including customer preferences for private healthcare, the rise of medical tourism, the popularity of traditional Fijian medicine, the need for mobile healthcare services, and the country's growing economy.

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.