Inpatient Care - New Zealand

New Zealand

In New Zealand, the revenue in the Inpatient Care market is forecasted to reach NZD US$5.21bn by 2024.
The market is expected to exhibit a Compound Annual Growth Rate (CAGR 2024-2029) of 6.68%, leading to a market volume of NZD US$7.20bn by 2029.
When compared globally, in the United States is projected to generate the highest revenue in the Inpatient Care market, amounting to US$731.40bn in 2024.
New Zealand's inpatient care market is experiencing a surge in demand for specialized mental health services.

Key regions: India, Canada, Japan, United Kingdom, Germany

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Analyst Opinion

The Inpatient Care market in New Zealand has been experiencing steady growth in recent years.

Customer preferences: New Zealand has a universal healthcare system, which means that all residents have access to publicly funded healthcare services. Inpatient care is a crucial component of this system, and the majority of patients in New Zealand prefer to receive treatment in public hospitals. However, there is also a growing demand for private inpatient care, particularly among those who are willing to pay for shorter wait times and more personalized care.

Trends in the market: One of the main trends in the inpatient care market in New Zealand is the increasing use of technology to improve patient outcomes. This includes the use of electronic health records, telemedicine, and other digital tools to enhance communication and collaboration between healthcare providers. Another trend is the growing focus on preventative care and wellness, which is driving demand for services such as health screenings, vaccinations, and health education programs.

Local special circumstances: New Zealand has a relatively small population compared to other developed countries, which means that there are fewer healthcare providers and resources available. This can lead to longer wait times for certain types of inpatient care, particularly in rural areas. Additionally, there is a shortage of healthcare workers in New Zealand, which can make it difficult for hospitals and other healthcare facilities to provide high-quality care.

Underlying macroeconomic factors: The New Zealand government has been investing heavily in the healthcare sector in recent years, which has helped to drive growth in the inpatient care market. This includes funding for new hospitals and healthcare facilities, as well as initiatives to improve the quality of care and reduce wait times. Additionally, the aging population in New Zealand is driving demand for inpatient care services, as older adults are more likely to require hospitalization and other forms of medical treatment.

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.