Inpatient Care - Greece

  • Greece
  • The Inpatient Care market in Greece is expected to witness substantial growth in the coming years.
  • According to projections, the revenue in this market is estimated to reach US$6.31bn by 2024.
  • Furthermore, it is anticipated that the market will experience a steady annual growth rate (CAGR 2024-2029) of 2.53%, leading to a market volume of US$7.15bn by 2029.
  • When compared globally, United States is expected to generate the highest revenue in the Inpatient Care market.
  • In 2024, the revenue generated United States is projected to be a staggering US$731.40bn.
  • This showcases the dominance of the United States in this market.
  • In Greece, the demand for inpatient care services has surged due to an aging population and an increase in chronic diseases.

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

 
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Analyst Opinion

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

Customer preferences:
Customers in Greece have been increasingly seeking high-quality healthcare services, including inpatient care. The demand for specialized medical treatments and procedures has also been on the rise. In addition, there has been a growing trend towards private healthcare services, with many Greeks opting to pay for private healthcare insurance or services to avoid long waiting times and receive more personalized care.

Trends in the market:
One of the key trends in the Inpatient Care market in Greece is the increasing use of technology and digital solutions. This includes the use of electronic health records, telemedicine, and remote patient monitoring. These technologies are helping to improve patient outcomes and reduce costs by enabling healthcare providers to deliver more efficient and effective care. Another trend is the growing focus on preventive care and wellness, with more healthcare providers offering services such as health screenings, nutrition counseling, and fitness programs.

Local special circumstances:
Greece has a unique healthcare system that is a combination of public and private sectors. The public sector provides universal coverage for all citizens, while the private sector offers additional services to those who can afford it. However, the country has faced significant economic challenges in recent years, which have had an impact on the healthcare system. Budget cuts and staff shortages in the public sector have led to long waiting times and overcrowding in hospitals, which has driven many Greeks to seek private healthcare services.

Underlying macroeconomic factors:
The economic crisis in Greece has had a significant impact on the Inpatient Care market. The country has experienced a decline in GDP, high levels of unemployment, and a significant reduction in public spending. This has led to a reduction in the number of hospital beds and medical staff, as well as a decrease in the availability of medical supplies and equipment. However, the economic crisis has also created opportunities for private healthcare providers, who have been able to fill the gap left by the public sector. Overall, the Inpatient Care market in Greece is expected to continue to grow in the coming years as the country's economy recovers and demand for high-quality healthcare services remains strong.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Hospitals
  • Hospital beds
  • Global Comparison
  • Methodology
  • Key Market Indicators
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