Inpatient Care - Northern Europe

Northern Europe

The projected revenue in the Inpatient Care market in Northern Europe is set to reach US$48.68bn in 2024.
This forecasted figure is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 3.09%, leading to a market volume of US$56.67bn by 2029.
When comparing globally, it is noteworthy that in the United States will generate the highest revenue, amounting to US$731.40bn in 2024.
In Northern Europe, the inpatient care market is characterized by a strong focus on patient-centered care and advanced healthcare technology.

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

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Analyst Opinion

The demand for Inpatient Care in Northern Europe is on the rise due to various factors.

Customer preferences: Patients in Northern Europe prefer inpatient care as it provides them with a higher level of care and attention. Inpatient care facilities offer round-the-clock care, which is particularly important for patients with chronic conditions. Additionally, patients prefer inpatient care as it provides them with a more comfortable and supportive environment.

Trends in the market: There has been an increase in the number of private hospitals and clinics in Northern Europe. This trend is driven by the growing demand for high-quality healthcare services. Private hospitals and clinics offer patients a higher level of care and attention, which is particularly important for patients with chronic conditions. Additionally, private hospitals and clinics are equipped with the latest medical technology, which allows for more accurate diagnoses and better treatment outcomes.

Local special circumstances: Northern Europe has a high level of healthcare spending, which has contributed to the growth of the inpatient care market. Additionally, the region has an aging population, which has led to an increase in the number of patients requiring inpatient care. Furthermore, the region has a high prevalence of chronic diseases, such as diabetes, which require long-term care and management.

Underlying macroeconomic factors: The strong economy in Northern Europe has contributed to the growth of the inpatient care market. Additionally, the region has a well-developed healthcare system, which has led to high standards of care and a high level of trust in the healthcare system. Furthermore, the region has a high level of healthcare spending, which has enabled the healthcare system to invest in new technologies and facilities.

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.