Hospitals - Iran

Iran

The Hospitals market in Iran is expected to reach a projected revenue of US$34.71bn by 2024.
This revenue is estimated to show an annual growth rate (CAGR 2024-2029) of 3.40%, resulting in a market volume of US$41.03bn by 2029.
When compared globally, United States is anticipated to generate the highest revenue in the Hospitals market, amounting to US$1,501.00bn by 2024.
In terms of per capita figures, the revenue generated per person in Iran's Hospitals market is estimated to be US$386.50 in 2024.
The hospital market in Iran is experiencing a surge in demand for advanced medical technologies and specialized treatments.

Key regions: United States, China, Germany, Japan, Europe

Market

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Currency

Analyst Opinion

The Iranian healthcare market has been developing rapidly in recent years, with the hospitals market being a significant contributor to this growth.

Customer preferences: Iranians have a strong preference for private hospitals, which they perceive to offer higher quality care and better facilities than public hospitals. In addition, there is a growing demand for specialized medical services, such as oncology, cardiology, and orthopedics.

Trends in the market: One of the key trends in the Iranian hospitals market is the increasing number of private hospitals being established, particularly in urban areas. This is partly due to the government's decision to encourage private investment in the healthcare sector, as well as the growing demand for private healthcare services. Another trend is the adoption of new medical technologies and equipment, which has led to improved patient outcomes and a higher level of care.

Local special circumstances: The Iranian healthcare market is heavily regulated by the government, which has a significant impact on the hospitals market. For example, private hospitals must obtain a license from the Ministry of Health and Medical Education before they can operate, and there are strict regulations governing the pricing of medical services. In addition, there are shortages of qualified medical personnel, particularly in rural areas, which can limit the availability of healthcare services.

Underlying macroeconomic factors: The Iranian economy has been experiencing significant challenges in recent years, including high inflation, currency devaluation, and international sanctions. These factors have had an impact on the healthcare sector, with hospitals facing increased costs for medical equipment and supplies. However, the government's efforts to encourage private investment in the healthcare sector, along with the growing demand for private healthcare services, have helped to mitigate some of these challenges.

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 forecasting 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.