Hospitals

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 3.60%, ultimately leading to a market volume of US$113.60m by 2029.
When compared to other countries globally, United States will generate the highest revenue in the Hospitals market, with an estimated amount of US$1.50tn 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.

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 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.

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.