Inpatient Care - Oman

Oman

The Inpatient Care market in Oman is expected to witness significant growth in the coming years.
By 2024, the projected revenue is estimated to reach US$893.30m.
This growth is further expected to continue with an annual growth rate (CAGR 2024-2029) of 4.61%.
As a result, the market volume is anticipated to reach US$1,119.00m by 2029.
In comparison to other countries, United States is projected to generate the highest revenue in the Inpatient Care market.
In 2024, the revenue United States is estimated to reach a staggering US$731.40bn.
Oman's inpatient care market is witnessing a rise in demand for specialized medical services and an increasing focus on patient-centric care.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The healthcare industry in Oman has been experiencing significant growth in recent years, with the Inpatient Care market being a major contributor to this trend.

Customer preferences: As the population in Oman continues to grow and age, there is an increasing demand for quality healthcare services, including Inpatient Care. Patients are becoming more aware of their healthcare needs and are seeking out facilities that can provide them with the best possible care.

Trends in the market: One of the main trends in the Inpatient Care market in Oman is the increasing number of private hospitals and clinics. This trend is driven by the government's efforts to encourage private sector investment in healthcare, as well as by the growing demand for high-quality medical services. Another trend in the market is the increasing adoption of advanced medical technologies, such as robotic surgery and telemedicine, which are improving patient outcomes and reducing healthcare costs.

Local special circumstances: Oman's healthcare system is heavily subsidized by the government, which means that patients have access to affordable healthcare services. However, there is a shortage of healthcare professionals, particularly in rural areas, which can limit access to care for some patients. Additionally, there is a cultural preference for male doctors, which can make it difficult for female healthcare professionals to find employment.

Underlying macroeconomic factors: Oman's economy is heavily dependent on oil exports, which means that fluctuations in oil prices can have a significant impact on the healthcare industry. In recent years, the government has been diversifying the economy and investing in non-oil sectors, which has helped to mitigate some of the risks associated with oil price volatility. Additionally, Oman's growing population and increasing prevalence of chronic diseases are driving demand for healthcare services, including Inpatient Care.

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.