Inpatient Care - Guinea | Statista Market Forecast

The Inpatient Care market in Guinea is predicted to witness a significant surge in revenue, with projections estimating it to reach US$155.70m in 2024.
Furthermore, this market is expected to exhibit a steady annual growth rate (CAGR 2024-2029) of 5.87%, leading to a substantial market volume of US$207.10m by 2029.
When compared on a global scale, it is noteworthy that United States is anticipated to generate the highest revenue, amounting to US$731.40bn in 2024.
The demand for high-quality inpatient care in Guinea is rising due to improved healthcare infrastructure and an increasing focus on patient safety.

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 Guinea has been experiencing some interesting trends in recent years.

Customer preferences: Customers in Guinea have been showing a growing preference for private healthcare services. This trend is driven by a desire for higher quality care, as well as a lack of trust in the public healthcare system. Patients are willing to pay a premium for private healthcare services, which they perceive to be more reliable and efficient.

Trends in the market: The Inpatient Care market in Guinea is growing rapidly, driven by a number of factors. Firstly, there is a growing demand for healthcare services due to an increasing population and rising incomes. Secondly, there is a lack of investment in the public healthcare system, which has led to a shortage of hospital beds and medical equipment. This has created an opportunity for private healthcare providers to fill the gap. Finally, there is a growing awareness of the importance of healthcare, which has led to an increase in demand for healthcare services.

Local special circumstances: Guinea faces a number of challenges in the healthcare sector, including a shortage of trained medical professionals, inadequate infrastructure, and a lack of investment in the public healthcare system. These challenges have created an opportunity for private healthcare providers to fill the gap and provide high-quality healthcare services to patients. However, there are also challenges associated with operating in Guinea, including a lack of regulatory oversight and a high level of corruption.

Underlying macroeconomic factors: Guinea is one of the poorest countries in the world, with a GDP per capita of less than $1,000. This has led to a lack of investment in the healthcare sector, which has created an opportunity for private healthcare providers to fill the gap. However, there are also challenges associated with operating in a low-income country, including a lack of infrastructure and a shortage of trained medical professionals.

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.