Inpatient Care - GCC | Statista Market Forecast

The Inpatient Care market in the GCC countries is anticipated to witness a significant growth in revenue by the year 2024, with projections indicating that it will reach a staggering US$25.16bn.
This growth is expected to continue at an annual growth rate of 3.77% from 2024 to 2029, resulting in a market volume of US$30.28bn by the end of 2029.
When comparing these figures on a global scale, it is noteworthy that United States is expected to generate the highest revenue in the Inpatient Care market, with an estimated value of US$731.40bn in 2024.
Inpatient care in the GCC has seen a significant shift towards private hospitals due to the rising demand for high-quality healthcare services.

Definition:
Inpatient Care refers to medical and surgical services provided to patients who are admitted for overnight stays at hospitals. This market covers a wide range of services, such as diagnostics, medical treatments, and surgical treatments. It also includes facilities, nursing care, and other services that are necessary for the patient's recovery and well-being during their hospital stay. However, inpatient long-term care (LTC) for people with LTC needs is not included. Hospital inpatient care is a crucial component of the healthcare industry and is essential for providing high-quality and comprehensive medical care to patients.

Structure:
Inpatient Care covers Neoplasm Treatments, Treatments of Cardiovascular Diseases, Treatments of Musculoskeletal Diseases, Gastroenterology, Midwifery, and Other Inpatient Care. Other Inpatient Care provides information on additional areas that are not covered by the previously mentioned markets.

Additional information:
Inpatient Care comprises revenues, average revenue per capita, number of hospitals, average revenue per hospital, number of hospital beds, and average revenue per hospital bed. Market values represent revenues paid to hospitals by the respective healthcare payers (including VAT, if applicable). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

Inpatient nursing care
Medical goods for inpatient treatments
Inpatient surgical treatments

Day care
Long-term care
Outpatient care
Home-based care

The Inpatient Care market in GCC has been experiencing steady growth in recent years.

Customer preferences: Patients in the GCC region tend to prefer inpatient care over outpatient care due to the availability of advanced medical technology and highly skilled medical professionals. Additionally, many patients prefer the personalized attention and care that they receive in an inpatient setting.

Trends in the market: One trend that has been observed in the inpatient care market in the GCC is the increasing demand for specialty care services. This includes services such as oncology, cardiology, and neurology. Another trend is the rising popularity of medical tourism in the region, with many patients traveling to the GCC for high-quality medical care.In terms of hospital infrastructure, there has been a trend towards the construction of larger, more modern hospitals that are equipped with the latest medical technology. This is in response to the growing demand for high-quality healthcare services in the region.

Local special circumstances: One unique aspect of the inpatient care market in the GCC is the significant role played by government healthcare providers. Many of the largest hospitals in the region are owned and operated by the government, and these hospitals often provide care to patients at little or no cost. Additionally, there is a growing trend towards the privatization of healthcare services in the region, with many private hospitals and clinics opening to meet the increasing demand for healthcare services.

Underlying macroeconomic factors: The growth of the inpatient care market in the GCC can be attributed to a number of underlying macroeconomic factors. These include the region's strong economic growth, which has led to increased investment in healthcare infrastructure and technology. Additionally, the GCC's rapidly growing population and high incidence of chronic diseases have contributed to the rising demand for healthcare services in the region. Finally, the region's favorable regulatory environment and supportive government policies have created a conducive environment for the growth of the healthcare sector.

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The healthcare landscape in the United States is a complicated one. There are federal health insurance plans for low-income individuals namely Medicaid and CHIP (Children’s health insurance program) and Medicare for seniors and the disabled. Aside from these, people must buy private health insurance or be left uninsured because the U.S. is the only high-income country without universal healthcare coverage. Hospitals in the U.S., therefore, receive payment from multiple payers. Most revenue generated by U.S. hospitals comes from private insurance, self, or other payments. The complexity of this multi-payer system is instrumental to the U.S. having the highest administrative health costs per capita among wealthy nations.