Hospitals - Lesotho

Lesotho

The Hospitals market in Lesotho is forecasted to achieve a revenue of US$95.23m in 2024.
This is expected to demonstrate a steady annual growth rate (CAGR 2024-2029) of 3.59%, ultimately leading to a market volume of US$113.60m by 2029.
When compared to other countries globally, in the United States will generate the highest revenue in the Hospitals market, with an estimated amount of US$1,501.00bn in 2024.
In terms of per person revenues, in Lesotho is projected to generate US$40.42 per individual in 2024.
Lesotho's hospital market is witnessing a surge in investment and infrastructure development to improve healthcare services for its citizens.

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

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Analyst Opinion

The healthcare industry is an essential sector in any country, and Lesotho is no exception. The Hospitals market in Lesotho has been developing over the years, and this can be attributed to several factors.

Customer preferences: Lesotho has a population of over two million people, and the majority of them live in rural areas. Due to the limited access to healthcare facilities in these areas, people tend to seek medical attention in urban areas. This has led to an increase in the number of hospitals in urban areas to cater to the growing demand for healthcare services.

Trends in the market: One of the notable trends in the Hospitals market in Lesotho is the increasing demand for private healthcare services. This can be attributed to the perception that private hospitals offer better quality services than public hospitals. As a result, private hospitals have been expanding their operations in the country, with some even offering specialized services such as cardiology and oncology.Another trend in the market is the adoption of technology in healthcare services. Hospitals in Lesotho have been investing in modern medical equipment and technology to enhance their service delivery. This has led to improved efficiency and accuracy in diagnosis and treatment.

Local special circumstances: Lesotho is a landlocked country surrounded by South Africa. The country has a high prevalence of HIV/AIDS, which has put a strain on the healthcare system. Hospitals in Lesotho have been working closely with the government and international organizations to address this issue. There has been an increase in the number of hospitals offering HIV/AIDS testing, treatment, and counseling services.

Underlying macroeconomic factors: The economy of Lesotho is heavily dependent on the textile and garment industry, which accounts for over 80% of the country's exports. The government has been working to diversify the economy, with a focus on the tourism and agriculture sectors. A growing economy translates to an increase in the disposable income of the population, which can lead to increased spending on healthcare services.In conclusion, the Hospitals market in Lesotho is developing due to several factors such as the increasing demand for private healthcare services, adoption of technology in healthcare services, and the high prevalence of HIV/AIDS. Hospitals in Lesotho have been working to address these issues and provide quality healthcare services to the population.

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.