Hospitals

The projected revenue in the Hospitals market in Mexico is expected to reach MXN US$43.97bn by 2024.
It is anticipated that the market will experience an annual growth rate (CAGR 2024-2029) of 3.66%, resulting in a market volume of MXN US$52.62bn by 2029.
In comparison to other countries, United States is expected to generate the highest revenue in the Hospitals market, reaching US$1.50tn by 2024.
When considering the population size, the per person revenue generated in Mexico's Hospitals market is estimated to be MXN US$339.90 in 2024.
In Mexico, the trend in the hospital market is an increasing demand for private healthcare services due to concerns over the quality and accessibility of public hospitals.

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 Mexico has experienced significant growth in the past few years, with hospitals being a crucial part of the sector.

Customer preferences: Mexican patients are increasingly seeking high-quality healthcare services, which has led to a rise in demand for specialized medical facilities. Patients prefer hospitals that offer advanced medical technologies, modern infrastructure, and highly qualified medical staff. Additionally, patients are now more concerned about the overall experience they receive during their hospital stay, including factors such as cleanliness, comfort, and personalized care.

Trends in the market: One of the major trends in the Mexican hospital market is the increasing popularity of private hospitals. Private hospitals offer patients a higher standard of care and greater access to specialized medical services. This trend has been driven by the growing middle class in Mexico, who are willing to pay more for better healthcare services. Another trend is the development of medical tourism in Mexico, with an increasing number of patients from the United States and Canada seeking medical treatment in Mexico due to lower costs.

Local special circumstances: Mexico's healthcare system is a mix of public and private healthcare providers. Public hospitals are often overcrowded and underfunded, leading to long wait times and lower quality of care. This has led to an increasing demand for private hospitals, which offer patients a higher standard of care and greater access to specialized medical services. Additionally, Mexico has a large population of expatriates, who often seek medical care in private hospitals due to the language barrier and lack of trust in the public healthcare system.

Underlying macroeconomic factors: Mexico's healthcare industry has been growing rapidly in recent years, driven by a number of macroeconomic factors. The country has a large and growing middle class, which has led to an increasing demand for high-quality healthcare services. Additionally, Mexico has a large population of aging baby boomers, who require more medical care as they age. Finally, the government has been investing heavily in healthcare infrastructure and medical technologies, which has helped to drive growth in the industry.

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.