Inpatient Care - Papua New Guinea

Papua New Guinea

The revenue in Papua New Guinea's Inpatient Care market is forecasted to reach US$193.80m in 2024.
It is expected to exhibit an annual growth rate (CAGR 2024-2029) of 1.29%, leading to a market volume of US$206.60m by 2029.
Comparatively, in the United States is projected to generate the highest revenue of US$731.40bn in 2024.
Despite efforts to improve healthcare infrastructure, Papua New Guinea still faces challenges in providing adequate inpatient care services.

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

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Analyst Opinion

The Inpatient Care market in Papua New Guinea has been experiencing significant growth in recent years.

Customer preferences: Papua New Guinea has a growing population, with an increasing demand for healthcare services. As a result, there is a higher demand for inpatient care services in the country. Patients in Papua New Guinea are generally seeking high-quality healthcare services that are affordable and accessible.

Trends in the market: One of the major trends in the Inpatient Care market in Papua New Guinea is the increasing number of private hospitals and clinics. These private healthcare providers offer a wide range of services, including inpatient care, and are becoming increasingly popular among patients due to their high-quality services and modern facilities. Another trend in the market is the adoption of new technologies and medical equipment, which is improving the quality of care provided to patients.

Local special circumstances: Papua New Guinea is a developing country with a high burden of disease, particularly in rural areas. The country also has a shortage of healthcare workers, which has led to a reliance on foreign medical professionals. Additionally, there are challenges in accessing healthcare services, particularly in rural and remote areas.

Underlying macroeconomic factors: The Papua New Guinea government has been investing in the healthcare sector, with a focus on improving access to healthcare services and increasing the number of healthcare workers. This investment has led to the growth of the Inpatient Care market in the country. Additionally, the country's growing economy has led to an increase in disposable income, which has enabled more people to afford healthcare services.

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.