Hospitals - Malta

Malta

In Malta, the revenue in the Hospitals market is projected to reach US$675.70m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.92%, resulting in a market volume of US$859.00m by 2029.
When compared globally, in the United States is anticipated to generate the highest revenue in the Hospitals market, reaching US$1,501.00bn in 2024.
In terms of per person revenues, in Malta, US$1.26k are generated in 2024.
The hospital market in Malta is experiencing a surge in private healthcare facilities, catering to the increasing demand for specialized medical services.

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

Market

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Analyst Opinion

Malta, a small island country in the Mediterranean Sea, has a unique healthcare system that is a combination of public and private sectors. The Hospitals market in Malta has been developing over the years due to various factors.

Customer preferences: The Maltese population is aging, leading to an increase in demand for healthcare services. The demand for private healthcare services is also increasing due to the long waiting times in public hospitals. Patients prefer private hospitals due to shorter waiting times, greater comfort, and the availability of specialist services.

Trends in the market: One of the trends in the Hospitals market in Malta is the increasing number of private hospitals. These hospitals provide specialized services, such as cosmetic surgery, fertility treatments, and orthopedic surgery. Additionally, private hospitals are investing in new technologies and equipment to provide better services to their patients.Another trend in the Hospitals market in Malta is the increasing focus on medical tourism. Malta is a popular destination for medical tourists due to its high-quality healthcare services and affordable prices. Private hospitals are catering to medical tourists by providing packages that include accommodation, transportation, and medical services.

Local special circumstances: Malta has a small population, which limits the growth potential of the Hospitals market. Additionally, Malta has a shortage of healthcare professionals, which can limit the availability of healthcare services.

Underlying macroeconomic factors: Malta's economy has been growing in recent years, leading to an increase in disposable income. This has led to an increase in demand for private healthcare services. Additionally, Malta's government has been investing in the healthcare sector, which has led to the development of new hospitals and the upgrading of existing ones.In conclusion, the Hospitals market in Malta is developing due to the increasing demand for private healthcare services, the focus on medical tourism, and the government's investment in the healthcare sector. However, the small population and shortage of healthcare professionals can limit the growth potential of the market.

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.