Inpatient Care - Iran

Iran

The projected revenue in the Inpatient Care market in Iran is expected to reach US$23.84bn in 2024.
It is estimated that the revenue will experience an annual growth rate of 3.69% (CAGR 2024-2029), leading to a market volume of US$28.58bn by 2029.
When compared globally, United States is anticipated to generate the highest revenue in the Inpatient Care market, amounting to US$731.40bn in 2024.
Inpatient care in Iran is rapidly advancing with the implementation of modern medical technologies and the establishment of specialized hospitals.

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

Market

Region

Region comparison

Currency

Analyst Opinion

Iran, a country in the Middle East, has been experiencing a developing Inpatient Care market.

Customer preferences: Iranians have a strong preference for traditional medicine, which includes herbal remedies and acupuncture. However, there has been a shift towards modern medicine, especially in urban areas where people have more access to healthcare facilities. Inpatient care is preferred over outpatient care as it provides a more comprehensive and thorough treatment.

Trends in the market: The Inpatient Care market in Iran has been growing due to an increase in the number of hospitals and healthcare facilities. The government has been investing in the healthcare sector, which has resulted in an increase in the number of hospitals and healthcare centers. Additionally, the rise in chronic diseases such as diabetes and heart disease has increased the demand for inpatient care. The private sector has also been investing in the healthcare sector, which has led to an increase in the quality of healthcare services.

Local special circumstances: Iran has a young population, with around 60% of the population under the age of 30. This has resulted in a high demand for healthcare services, especially maternal and child healthcare. The government has been focusing on improving maternal and child healthcare services by increasing the number of hospitals and healthcare centers that provide these services.

Underlying macroeconomic factors: The economy of Iran has been struggling due to sanctions imposed by the United States. However, the healthcare sector has been exempted from these sanctions, which has led to an increase in foreign investment in the healthcare sector. The government has also been investing in the healthcare sector, which has resulted in an increase in the number of hospitals and healthcare centers. Additionally, the rise in chronic diseases has increased the demand for healthcare services, which has led to an increase in the Inpatient Care market.

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.