Inpatient Care - Serbia | Statista Market Forecast

In Serbia, the Inpatient Care market is anticipated to achieve a revenue of US$1.34bn by the year 2024.
It is expected that the market will display an annual growth rate (CAGR 2024-2029) of 3.74%, ultimately leading to a market volume of US$1.61bn by 2029.
When compared to other countries worldwide, United States is projected to generate the highest revenue in the Inpatient Care market sector, amounting to US$731.40bn in 2024.
Serbia's inpatient care market is witnessing a surge in demand for specialized medical treatments and an increased focus on patient-centered care.

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 Serbia has been witnessing significant growth over the past few years.

Customer preferences: Serbian consumers are increasingly opting for inpatient care services due to the rising incidence of chronic diseases and an aging population. The demand for specialized care, such as oncology and cardiology, has been on the rise, which has led to an increase in the number of hospitals and clinics offering these services. Additionally, the trend towards medical tourism has also contributed to the growth of the inpatient care market in Serbia.

Trends in the market: One of the key trends in the Serbian inpatient care market is the shift towards more patient-centric care. Hospitals and clinics are increasingly focusing on providing personalized care to patients, which includes tailored treatment plans, improved communication, and better patient education. Another trend is the adoption of new technologies such as telemedicine, which allows healthcare providers to remotely monitor patients and provide consultations.

Local special circumstances: Serbia has a well-developed healthcare system, with a mix of public and private healthcare providers. However, the quality of care can vary significantly between regions, with rural areas often lacking access to specialized care. This has led to a concentration of healthcare services in urban areas, which has created a demand for private healthcare providers. Additionally, the Serbian government has been investing in healthcare infrastructure, which has led to the development of new hospitals and clinics.

Underlying macroeconomic factors: Serbia has been experiencing steady economic growth over the past few years, which has led to an increase in disposable income and healthcare spending. Additionally, the country's accession to the European Union has led to increased investment in healthcare infrastructure and the adoption of EU standards. However, the healthcare system in Serbia still faces challenges such as a shortage of healthcare professionals and an inefficient healthcare bureaucracy.

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.