Hospitals

The Hospitals market in Italy is expected to see a significant increase in revenue, reaching a projected value of US$95.53bn by 2024.
This growth is anticipated to continue at a compound annual growth rate (CAGR 2024-2029) of 2.43%, resulting in a market volume of US$107.70bn by 2029.
When compared globally, United States is forecasted to generate the highest revenue in the Hospitals market, with an estimated value of US$1.50tn by 2024.
In terms of per capita figures, in Italy is expected to generate US$1.63k per person in revenue in 2024.
The hospital market in Italy is witnessing a growing trend of integrating technology and digital solutions to enhance patient care and streamline operations.

Definition:
Hospitals are licensed facilities that provide a variety of medical and surgical services, some of which are also provided by other facilities. A distinguishing characteristic of hospitals is “inpatient care,” which refers to services where patients are admitted to a hospital to stay overnight for closer monitoring.

This market includes general hospitals, psychiatric hospitals, and specialist hospitals, which provide various services to patients, ranging from diagnostics, medical and surgical treatments, nursing and specialized accommodation to other medical services. Depending on the specific legal regulations, the medical services provided by hospitals can vary greatly from country to country. Long-term care facilities, ambulatory care providers, and medical retailers are excluded from this market.

Structure:
The Hospitals market is divided into three categories: Inpatient Care, Outpatient Care, and Other Hospital Services. Inpatient Care comprises all the medical and surgical services that are provided to patients who are admitted to a hospital for an overnight stay. Outpatient Care covers all medical and surgical services that are provided to patients without having to spend the night in a hospital. Other Hospital Services includes hospital services that are provided outside of a basic hospital setting, e.g., day-care, long-term care, and home-based care.

Additional information:
The shown KPIs include revenues, average revenue per capita, number of hospitals, density of hospitals, average revenue per hospital, number of hospital beds, density 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.

General hospitals, including community, county, and regional hospitals
Psychiatric hospitals
Specialist hospitals, such as maternity clinics and aesthetics clinics

Long-term care facilities
Ambulatory care providers, such as specialist practices and dental practices
Providers of ancillary medical services
Medical retailers and other providers of medical supplies

The Italian healthcare system is one of the most efficient in the world, and the Hospitals market in Italy is an integral part of it.

Customer preferences: Italian customers prefer public hospitals over private ones, mainly due to the high quality of care provided by the former. However, the private sector is slowly gaining ground, especially in the Northern regions of the country. This is due to the long waiting times in public hospitals, which has led to an increase in demand for private healthcare services.

Trends in the market: One of the major trends in the Hospitals market in Italy is the increasing demand for specialized care. Italian hospitals are investing heavily in technology and equipment to provide the latest treatments and therapies to their patients. There is also a growing trend towards outpatient care, which is more cost-effective and convenient for patients.Another trend in the market is the increasing use of telemedicine. Italian hospitals are using telemedicine to improve patient outcomes and reduce healthcare costs. Telemedicine allows doctors to remotely monitor patients and provide consultations, which is especially useful for patients in remote areas.

Local special circumstances: Italy has a rapidly aging population, which is putting pressure on the healthcare system. This has led to an increased focus on preventative care and early detection of diseases. Italian hospitals are investing in screening programs and health education to promote healthy lifestyles and prevent chronic diseases.

Underlying macroeconomic factors: The Italian economy has been struggling in recent years, which has led to budget cuts in the healthcare sector. This has put pressure on hospitals to become more efficient and cost-effective. Italian hospitals are increasingly adopting lean management practices and investing in technology to reduce costs and improve efficiency.In conclusion, the Hospitals market in Italy is evolving to meet the changing needs of its customers. Italian hospitals are investing in technology and specialized care to provide the best possible outcomes for their patients. The increasing use of telemedicine and outpatient care is making healthcare more accessible and convenient for Italians. However, the challenges posed by an aging population and budget cuts are driving hospitals to become more efficient and cost-effective.

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.

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.