Market Insights Health Hospitals Inpatient Care

Other Inpatient Care - Caribbean

Caribbean

The Other Inpatient Care market in the Caribbean is anticipated to witness significant growth, with projected revenue reaching US$3.25bn in 2024.
Furthermore, it is expected to demonstrate a compound annual growth rate (CAGR 2024-2029) of 3.93%, leading to a market volume of US$3.94bn by 2029.
In terms of global comparison, United States is poised to generate the highest revenue, projected to reach US$349.40bn in 2024.
The Caribbean has seen a surge in demand for other inpatient care services, driven by the region's aging population and increasing prevalence of chronic diseases.

Key regions: United States, China, India, Japan, Canada

Market

Region

Region comparison

Currency

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.