Inpatient Care - Ghana

Ghana

The Inpatient Care market in Ghana is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is projected to reach GHC US$452.30m by 2024.
Furthermore, it is anticipated that the market will experience a steady annual growth rate (CAGR 2024-2029) of 4.29%, leading to a market volume of GHC US$557.90m by 2029.
When compared to other countries worldwide, it is worth noting that United States is expected to generate the highest revenue in the Inpatient Care market.
In 2024, the projected revenue for the United States is estimated to be a staggering US$731.40bn.
In Ghana, there is an increasing trend towards the development of specialized inpatient care facilities to meet the growing healthcare needs of the population.

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

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Analyst Opinion

The Inpatient Care market in Ghana has experienced significant growth in recent years.

Customer preferences: Ghanaians have increasingly sought out inpatient care services due to a growing awareness of the importance of preventative healthcare and a desire for high-quality medical treatment. Additionally, the country's aging population has contributed to an increased demand for inpatient care services.

Trends in the market: One trend in the Ghanaian Inpatient Care market is the increasing use of technology to improve patient care and outcomes. Hospitals and clinics are investing in electronic health records and telemedicine services to provide patients with better access to medical care, especially in rural areas. Another trend is the growth of private healthcare providers, which offer more specialized and personalized care to patients willing to pay for it.

Local special circumstances: Ghana's healthcare system is characterized by a shortage of medical personnel and inadequate infrastructure. This has resulted in long waiting times and a lack of access to quality medical care for many Ghanaians. As a result, private healthcare providers have emerged to fill the gap, offering more comprehensive and efficient services to those who can afford it.

Underlying macroeconomic factors: Ghana's economy has experienced steady growth in recent years, driven by a growing oil and gas sector and increased foreign investment. This has led to an expansion of the middle class, which has more disposable income to spend on healthcare services. Additionally, the government has made efforts to improve healthcare access and quality, including the construction of new hospitals and the expansion of health insurance coverage. These factors have contributed to the growth of the Inpatient Care market in Ghana.

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.