Hospitals

The projected revenue in the Hospitals market in Lebanon is expected to reach US$1.94bn in 2024.
It is anticipated to show an annual growth rate (CAGR 2024-2029) of 0.93%, resulting in a market volume of US$2.03bn by 2029.
In global comparison, United States is projected to generate the highest revenue of US$1.50tn in 2024.
In relation to the total population figures, per person revenues of US$371.30 are generated in Lebanon in 2024.
The hospital market in Lebanon is experiencing a surge in demand for advanced medical technology and specialized services.

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 healthcare industry in Lebanon has been expanding rapidly in recent years, with the Hospitals market being a significant contributor to this growth.

Customer preferences: Lebanon has a high demand for private healthcare services due to the lack of trust in the public healthcare system. Patients prefer hospitals that offer high-quality medical services and facilities, and are willing to pay a premium for it. In addition, medical tourism has been on the rise in Lebanon, with patients from neighboring countries seeking medical treatment in the country.

Trends in the market: The Hospitals market in Lebanon has been witnessing a trend towards consolidation, with larger hospitals acquiring smaller ones. This trend is driven by the need to achieve economies of scale, reduce costs, and improve the quality of services offered. Another trend in the market is the adoption of technology, with hospitals investing in electronic medical records, telemedicine, and other digital health solutions to improve patient care.

Local special circumstances: Lebanon has a unique geopolitical situation, with a large refugee population and ongoing political instability. This has led to an increase in demand for healthcare services, particularly in areas with high refugee populations. In addition, the COVID-19 pandemic has put a strain on the healthcare system, with hospitals facing shortages of medical supplies and equipment.

Underlying macroeconomic factors: Lebanon has a relatively high GDP per capita compared to other countries in the region, which has contributed to the growth of the Hospitals market. However, the country has been facing a severe economic crisis in recent years, which has led to a depreciation of the currency and inflation. This has made it difficult for hospitals to import medical supplies and equipment, and has led to an increase in healthcare costs for patients.

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.