Hospitals - Iraq

  • Iraq
  • The Hospitals market in Iraq is projected to reach a revenue of US$5.80bn in 2024.
  • It is expected to show an annual growth rate (CAGR 2024-2029) of 3.29%, resulting in a market volume of US$6.82bn by 2029.
  • In global comparison, in the United States generates the highest revenue with US$1,501.00bn in 2024.
  • In Iraq, per person revenues of US$124.80 are generated in 2024.
  • Despite the challenges faced by the healthcare sector in Iraq, hospitals are making strides in adopting advanced technologies to improve patient care and enhance operational efficiency.

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

 
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Analyst Opinion

The healthcare industry in Iraq has been facing challenges due to the ongoing political instability and security concerns. However, despite these challenges, the hospitals market in Iraq has been developing in recent years.

Customer preferences:
Iraqi citizens have been increasingly demanding better healthcare services, leading to a rise in private hospitals and clinics. Patients are willing to pay for quality healthcare services, which has led to an increase in the number of private hospitals in the country. Additionally, the government has been investing in the healthcare sector, which has led to the development of public hospitals and clinics.

Trends in the market:
The hospitals market in Iraq has been witnessing a trend towards specialization. Hospitals are focusing on providing specialized services such as cardiology, oncology, and neurology. This trend has been driven by the increasing demand for quality healthcare services and the need to cater to specific medical conditions. Additionally, hospitals are adopting advanced medical technologies to improve patient outcomes and provide better healthcare services.

Local special circumstances:
Iraq has been facing security challenges due to the ongoing conflict in the region. This has affected the healthcare sector, with hospitals and clinics being targeted by terrorist attacks. Additionally, the healthcare sector has been facing challenges due to the lack of qualified medical professionals in the country. The government has been taking steps to address these challenges by investing in the healthcare sector and providing incentives to attract qualified medical professionals.

Underlying macroeconomic factors:
The healthcare sector in Iraq has been growing due to the country's increasing population and rising healthcare expenditure. Additionally, the government has been investing in the healthcare sector to improve healthcare infrastructure and services. The development of the hospitals market in Iraq has also been driven by the increasing demand for healthcare services, which has led to the rise of private hospitals and clinics. The healthcare sector is expected to continue growing in the coming years, driven by the increasing demand for quality healthcare services and the government's investment in the sector.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Hospitals
  • Hospital beds
  • Global Comparison
  • Methodology
  • Key Market Indicators
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