Inpatient Care - Guatemala | Statista Market Forecast

The projected revenue in Guatemala's Inpatient Care market is set to reach US$1.66bn in 2024.
This indicates an expected annual growth rate (CAGR 2024-2029) of 4.66%, resulting in a market volume of US$2.09bn by 2029.
When compared globally, United States is anticipated to generate the highest revenue, with an estimated US$731.40bn in 2024.
In Guatemala, the trend in the inpatient care market is an increasing demand for private hospitals due to the lack of trust in the public healthcare system.

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

Guatemala, a Central American country known for its rich culture and history, is also experiencing significant developments in its Inpatient Care market.

Customer preferences: Guatemalan consumers are becoming more aware of the importance of healthcare and are seeking high-quality medical services. With the increasing prevalence of chronic diseases, such as diabetes and heart disease, patients are demanding specialized care and treatments. Additionally, the growing middle class is willing to pay for better healthcare services, leading to an increase in private healthcare facilities.

Trends in the market: One of the significant trends in the Guatemalan Inpatient Care market is the rise of private hospitals and clinics. Private healthcare facilities offer better facilities, specialized treatments, and personalized care, which are becoming increasingly popular among the middle class. The government is also promoting public-private partnerships to improve healthcare services in the country.Another trend is the increasing demand for medical tourism. Guatemala's proximity to the United States and its affordable healthcare services are attracting patients from North America. The country has several internationally accredited hospitals that offer advanced medical treatments, such as organ transplants and cancer care.

Local special circumstances: Guatemala's healthcare system faces challenges due to the country's political instability and social inequality. The government's limited funding for healthcare services has resulted in a shortage of medical personnel and inadequate facilities in rural areas. Additionally, the lack of health insurance coverage for the majority of the population restricts access to healthcare services.

Underlying macroeconomic factors: Guatemala's economy heavily relies on agriculture, which accounts for a significant portion of its GDP. However, the country's service sector, including healthcare, is also growing rapidly. The government's efforts to promote foreign investment and public-private partnerships in the healthcare sector are contributing to its growth. The increasing demand for medical tourism is also boosting the country's economy.In conclusion, the Inpatient Care market in Guatemala is experiencing significant developments, driven by the increasing demand for high-quality healthcare services from the growing middle class. The rise of private healthcare facilities and medical tourism are significant trends in the market. However, the country's healthcare system faces challenges due to political instability, social inequality, and limited funding.

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.