Hospitals

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, United States is anticipated to generate the highest revenue in the Hospitals market, reaching US$1.50tn 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.

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

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.

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.