Inpatient Care - Madagascar

Madagascar

in Madagascar, a country located off the southeastern coast of Africa, is also expected to witness growth in the Inpatient Care market.
According to projections, the revenue in this market segment is projected to reach US$113.50m in 2024.
This indicates a positive trend for the country's healthcare sector.
Furthermore, it is anticipated that the Inpatient Care market in Madagascar will experience an annual growth rate of 6.76% between 2024 and 2029.
This steady growth is expected to contribute to the expansion of the market, resulting in a market volume of US$157.40m by 2029.
While Madagascar's market size may be smaller compared to other countries, it is crucial to note that the Inpatient Care market is a global phenomenon.
In this context, it is worth mentioning that in the United States is projected to generate the highest revenue in this sector, with an estimated value of US$731.40bn in 2024.
This serves as a benchmark for the global market and highlights the potential for growth in the Inpatient Care market industry worldwide.
Madagascar's inpatient care market is experiencing a surge in demand due to the country's growing population and increasing prevalence of chronic diseases.

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

Market

Region

Region comparison

Currency

Analyst Opinion

Madagascar, the fourth largest island in the world, has a developing healthcare sector with a focus on improving its inpatient care market.

Customer preferences: Patients in Madagascar prefer to receive medical treatment in hospitals, as they are perceived to have better facilities and medical equipment. Private hospitals are preferred over public hospitals due to their better service quality.

Trends in the market: The inpatient care market in Madagascar is experiencing growth due to the increasing demand for quality healthcare facilities. The market is also being driven by the government's efforts to improve the healthcare sector, which includes upgrading existing facilities and building new hospitals. Private investors are also contributing to the growth of the market by investing in the construction of new hospitals.

Local special circumstances: Madagascar has a high prevalence of infectious diseases, such as malaria and tuberculosis, which require hospitalization for treatment. This has led to an increase in demand for inpatient care facilities. The country also has a high maternal mortality rate, which has led to an increased focus on improving maternal healthcare facilities. The government has launched initiatives to reduce maternal mortality, which includes improving the quality of inpatient care facilities for pregnant women.

Underlying macroeconomic factors: Madagascar is one of the poorest countries in the world, with a low GDP per capita. The healthcare sector is heavily dependent on external aid, which has resulted in a lack of resources and infrastructure. The government has limited funds to invest in healthcare, which has led to a reliance on private investors to fund the construction of new hospitals. The country also has a shortage of healthcare professionals, which has led to a lack of quality healthcare facilities in rural areas. The government is working to address this issue by increasing the number of healthcare professionals and improving their training.

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.