Inpatient Care - 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, 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.

Definition:
Inpatient Care refers to medical and surgical services provided to patients who are admitted for overnight stays at hospitals. This market covers a wide range of services, such as diagnostics, medical treatments, and surgical treatments. It also includes facilities, nursing care, and other services that are necessary for the patient's recovery and well-being during their hospital stay. However, inpatient long-term care (LTC) for people with LTC needs is not included. Hospital inpatient care is a crucial component of the healthcare industry and is essential for providing high-quality and comprehensive medical care to patients.

Structure:
Inpatient Care covers Neoplasm Treatments, Treatments of Cardiovascular Diseases, Treatments of Musculoskeletal Diseases, Gastroenterology, Midwifery, and Other Inpatient Care. Other Inpatient Care provides information on additional areas that are not covered by the previously mentioned markets.

Additional information:
Inpatient Care comprises revenues, average revenue per capita, number of hospitals, average revenue per hospital, number of hospital beds, and average revenue per hospital bed. Market values represent revenues paid to hospitals by the respective healthcare payers (including VAT, if applicable). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

Inpatient nursing care
Medical goods for inpatient treatments
Inpatient surgical treatments

Day care
Long-term care
Outpatient care
Home-based care

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.

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The healthcare landscape in the United States is a complicated one. There are federal health insurance plans for low-income individuals namely Medicaid and CHIP (Children’s health insurance program) and Medicare for seniors and the disabled. Aside from these, people must buy private health insurance or be left uninsured because the U.S. is the only high-income country without universal healthcare coverage. Hospitals in the U.S., therefore, receive payment from multiple payers. Most revenue generated by U.S. hospitals comes from private insurance, self, or other payments. The complexity of this multi-payer system is instrumental to the U.S. having the highest administrative health costs per capita among wealthy nations.