Market Insights Health Hospitals Inpatient Care

Gastroenterology - Armenia

Armenia

Armenia's Gastroenterology market is expected to witness significant growth in the coming years.
By 2024, the revenue in this market is projected to reach US$28.28m.
This growth is anticipated to continue, with an estimated annual growth rate of 4.40% from 2024 to 2029.
Consequently, the market volume is expected to reach US$35.07m by 2029.
When comparing the global Gastroenterology market, it is worth noting that United States leads in terms of revenue generation.
In 2024, United States is expected to generate a substantial revenue of US$60,480.00m.
This highlights the dominant position of the United States in the global Gastroenterology market.
Armenia's gastroenterology market is experiencing a surge in demand for advanced endoscopic procedures due to increasing awareness and access to specialized healthcare services.

Key regions: France, China, Japan, United States, Europe

Market

Region

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Currency

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.