Inpatient Care - Jordan

Jordan

The Inpatient Care market in Jordan is expected to witness a significant growth in revenue, projected to reach US$490.90m by 2024.
This growth is further anticipated to continue with an annual growth rate (CAGR 2024-2029) of 3.84%, resulting in a market volume of US$592.80m by 2029.
However, in global comparison, United States is expected to generate the highest revenue in the Inpatient Care market, amounting to US$731.40bn in 2024.
The demand for high-quality inpatient care in Jordan is on the rise, driven by the country's growing population and increasing healthcare needs.

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

Market

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Currency

Analyst Opinion

The Inpatient Care market in Jordan has been experiencing steady growth over the past few years.

Customer preferences: Customers in Jordan generally prefer private hospitals for inpatient care due to the perception of better quality of care and facilities. However, there has been a recent trend of patients seeking medical treatment abroad, particularly in neighboring countries such as Turkey and Lebanon, due to the availability of more advanced medical technology and specialized treatments.

Trends in the market: One major trend in the Inpatient Care market in Jordan is the increasing demand for medical tourism. While the country has a well-established healthcare system, patients are often seeking more advanced treatments and procedures that are not available locally. This has led to the growth of medical tourism in the country, with private hospitals actively targeting international patients.Another trend is the growth of specialized hospitals and clinics, particularly in areas such as oncology and cardiovascular care. This is driven by the increasing prevalence of chronic diseases in the country and the need for specialized care.

Local special circumstances: Jordan has a relatively small population compared to other countries in the region, which limits the size of the domestic market. However, the country’s strategic location and political stability make it an attractive destination for medical tourism.

Underlying macroeconomic factors: The growth of the Inpatient Care market in Jordan is supported by the country’s relatively stable economy and government investment in healthcare infrastructure. However, the market is also impacted by external factors such as regional conflicts and political instability, which can deter international patients from seeking medical treatment in the country.

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.