Inpatient Care - North Macedonia

North Macedonia

The Inpatient Care market in North Macedonia is expected to witness significant growth in the coming years.
According to projections, the revenue in this market is anticipated to reach US$320.80m in 2024.
Furthermore, it is expected to exhibit a promising Compound Annual Growth Rate (CAGR) of 4.37% from 2024 to 2029.
This growth trajectory is projected to result in a market volume of US$397.30m by 2029.
When compared to other countries worldwide, in the United States is forecasted to generate the highest revenue in the Inpatient Care market, with an estimated value of US$731.40bn in 2024.
In North Macedonia, the trend in the inpatient care market is a shift towards specialized medical tourism facilities.

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

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Analyst Opinion

The Inpatient Care market in North Macedonia has undergone significant changes in recent years.

Customer preferences: Patients in North Macedonia have shown a preference for high-quality healthcare services at an affordable cost. As a result, there has been a shift towards private healthcare providers, which offer better facilities and services than public hospitals.

Trends in the market: One of the major trends in the Inpatient Care market in North Macedonia is the increasing demand for specialized healthcare services. There has been a growing need for specialized treatments, such as cancer care, cardiovascular care, and neurology, among others. This has led to the emergence of specialized hospitals and clinics in the country.Another trend in the market is the adoption of technology in healthcare. Digital health solutions, such as telemedicine and electronic health records, are becoming increasingly popular in North Macedonia. This is mainly due to the convenience and cost-effectiveness of these solutions.

Local special circumstances: North Macedonia is a small country with a relatively small population, which has resulted in a limited number of healthcare facilities. However, the government has been taking steps to improve the healthcare infrastructure in the country, such as increasing the number of hospital beds and investing in new medical equipment.

Underlying macroeconomic factors: The Inpatient Care market in North Macedonia is influenced by a number of macroeconomic factors, such as the country's GDP, healthcare expenditure, and population demographics. The country's GDP has been steadily increasing in recent years, which has led to an increase in healthcare expenditure. Additionally, the aging population in North Macedonia has resulted in a higher demand for healthcare services, particularly for chronic diseases.

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.