Inpatient Care - Southeast Asia

Southeast Asia

In the Southeast Asian region, the Inpatient Care market is anticipated to witness a substantial growth in revenue.
By 2024, it is projected to reach a staggering amount of US$47.62bn.
This indicates a promising future for the market in the region.
Furthermore, the revenue is expected to display a steady annual growth rate (CAGR 2024-2029) of 5.92%, resulting in a market volume of US$63.49bn by 2029.
When compared globally, it is worth noting that United States is forecasted to generate the highest revenue in the Inpatient Care market.
In 2024, United States is expected to generate an impressive revenue of US$731.40bn.
This highlights the dominant position of the United States in terms of market size and potential.
Inpatient care in Southeast Asia is experiencing a surge in demand due to the region's rapidly aging population.

Key regions: United States, Germany, Brazil, United Kingdom, Japan

Market

Region

Region comparison

Currency

Analyst Opinion

The Inpatient Care market in Southeast Asia has been experiencing significant growth in recent years.

Customer preferences: Customers in Southeast Asia are increasingly demanding high-quality healthcare services, including inpatient care. With rising incomes and an aging population, there is a growing demand for healthcare services that can meet the needs of patients with complex medical conditions.

Trends in the market: In Indonesia, there has been a significant increase in the number of private hospitals offering inpatient care services. This is due to the growing demand for high-quality healthcare services, as well as the government's efforts to encourage private investment in the healthcare sector.In Thailand, there has been a trend towards medical tourism, with many international patients seeking inpatient care services in the country. This has led to an increase in the number of private hospitals offering specialized services for international patients.In Malaysia, there has been a focus on developing medical tourism as a key driver of economic growth. This has led to the development of world-class healthcare facilities, including hospitals offering high-quality inpatient care services.

Local special circumstances: In Singapore, the government has been investing heavily in healthcare infrastructure to meet the needs of an aging population. This has led to the development of world-class healthcare facilities, including hospitals offering high-quality inpatient care services.In the Philippines, there is a significant shortage of healthcare professionals, which has led to a lack of access to high-quality inpatient care services in many areas. However, the government has been investing in healthcare education and training programs to address this issue.

Underlying macroeconomic factors: The growth of the Inpatient Care market in Southeast Asia can be attributed to a number of underlying macroeconomic factors. These include rising incomes, an aging population, and increasing demand for healthcare services. Additionally, government policies aimed at encouraging private investment in the healthcare sector have also played a role in the growth of the market. Overall, the Inpatient Care market in Southeast Asia is expected to continue growing in the coming years, driven by these underlying macroeconomic factors and the increasing demand for high-quality 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.