Hospitals - Moldova

Moldova

The Hospitals market in Moldova is expected to witness a significant growth in revenue, projected to reach US$348.50m by 2024.
This growth is anticipated to continue with an annual growth rate of 2.34% between 2024 and 2029, resulting in a market volume of US$391.20m by 2029.
When compared globally, in the United States is expected to generate the highest revenue in the Hospitals market, reaching a staggering US$1,501.00bn by 2024.
In terms of per capita revenue, in Moldova is projected to generate US$104.70 per person in 2024.
This indicates the financial significance of the Hospitals market in relation to the country's total population.
Moldova's hospital market is experiencing a surge in demand for advanced medical technologies and specialized services.

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

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Analyst Opinion

The healthcare sector in Moldova has undergone significant changes in recent years, with the hospitals market being a key component of this transformation.

Customer preferences: Moldova has a population of over 2.6 million people, and the demand for healthcare services has been increasing steadily in recent years. The population is aging, and there is a growing need for specialized medical services. Patients are increasingly seeking high-quality care at affordable prices, and this has led to a rise in the number of private hospitals in the country.

Trends in the market: One of the key trends in the hospitals market in Moldova is the shift towards privatization. The government has been actively promoting private investment in the healthcare sector, and this has led to the establishment of several private hospitals in the country. These hospitals offer a range of specialized services, including cardiology, oncology, and neurology, among others.Another trend in the market is the increasing use of technology in healthcare. Many hospitals in Moldova are adopting advanced medical technologies, such as telemedicine, to improve patient care and outcomes. Telemedicine has been particularly useful in remote areas of the country, where patients may not have easy access to medical facilities.

Local special circumstances: Moldova is one of the poorest countries in Europe, and this has had a significant impact on the healthcare sector. The government has limited resources to invest in healthcare, and this has led to a shortage of medical equipment, supplies, and personnel. As a result, many patients have to travel abroad to receive specialized medical treatment.

Underlying macroeconomic factors: Moldova's economy has been growing steadily in recent years, and this has had a positive impact on the healthcare sector. The government has been investing more in healthcare, and this has led to an increase in the number of hospitals and medical facilities in the country. However, there is still a long way to go, and more investment is needed to improve the quality of healthcare services in Moldova.

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.