Key regions: United States, China, Germany, Japan, Europe
Jordan, a small country in the Middle East, is known for its rich cultural heritage and ancient ruins. However, the country is also home to a rapidly developing healthcare industry, with the Hospitals market being a significant contributor to this growth.
Customer preferences: In Jordan, patients have a strong preference for private hospitals over public ones. The private hospitals are perceived to offer better quality care, advanced medical technologies, and shorter waiting times. Additionally, there is a growing demand for specialized healthcare services, such as oncology, cardiology, and orthopedics.
Trends in the market: One of the significant trends in the Hospitals market in Jordan is the increasing number of medical tourists. Jordan is becoming a popular destination for medical tourism due to its affordable healthcare services, highly skilled medical professionals, and modern medical facilities. This trend has led to the development of specialized hospitals that cater to the needs of medical tourists.Another trend in the Hospitals market in Jordan is the adoption of telemedicine. With the advancement in technology, telemedicine has become an increasingly popular option for patients, especially those living in remote areas. Telemedicine allows patients to receive medical consultations and treatment remotely, reducing the need for physical hospital visits.
Local special circumstances: Jordan has a young and growing population, which is expected to drive the demand for healthcare services, including Hospitals. The government has also taken steps to improve the healthcare infrastructure in the country, such as investing in the construction of new hospitals and upgrading existing ones. Additionally, Jordan has a large number of refugees, which has put a strain on the healthcare system. The government has partnered with international organizations to provide healthcare services to refugees, leading to an increase in demand for Hospitals.
Underlying macroeconomic factors: Jordan's economy has been growing steadily, which has led to an increase in disposable income and a rise in the standard of living. This has resulted in an increase in demand for quality healthcare services, including Hospitals. Additionally, the government has implemented policies to encourage foreign investment in the healthcare sector, leading to the entry of multinational healthcare companies into the Jordanian market.
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.
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