Market Insights Health Hospitals Inpatient Care

Other Inpatient Care - Colombia

Colombia

Colombia's Other Inpatient Care market is expected to see a significant increase in revenue in the coming years.
By 2024, the projected revenue is estimated to reach US$3.68bn.
This growth is expected to continue at an annual rate of 3.16% from 2024 to 2029, resulting in a market volume of US$4.30bn by the end of 2029.
When compared globally, it is worth noting that United States is anticipated to generate the highest revenue in the Other Inpatient Care market.
In 2024, United States is projected to generate US$349.40bn in revenue.
This indicates the dominant position of the United States in terms of market size and potential.
Colombia's Other Inpatient Care market is experiencing a surge in demand due to the country's growing medical tourism industry.

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.